💧 25th Mar 2024 - Halifax Senior Stuck With $45K Bill For New Sewer, Water Lines Before She Can Sell Her Duplex!

💥 Monday 25th March 2024 💥 NEW vs Resale Homes - FREE Report! Daily GTA Real Estate Ignition! "Elevate Your Home Experience: Expert Reports & Irresistible Listings!" "Daily GTA Real Estate Ignition" is your daily spark into the Greater Toronto Area (GTA) real estate market. Each day, we ignite discussions, uncover trends, and provide you with the hottest updates to keep you informed and inspired. Whether you're a buyer, seller, investor, or simply passionate about real estate, our daily ignition delivers the insights you need to stay ahead of the curve. Get ready to ignite your real estate journey with "Daily GTA Real Estate Ignition." Are there any potential hidden costs or unexpected expenses associated with purchasing new homes versus resale homes, and how can buyers mitigate these risks? When purchasing new homes versus resale homes in Toronto, Ontario, Canada, there are potential hidden costs and unexpected expenses that buyers should be aware of. Here are some factors to consider and strategies to mitigate these risks: New Home Warranty: While new homes typically come with warranties from builders, buyers should carefully review the warranty coverage to understand what is included and for how long. Some warranties may have limitations or exclusions that could leave buyers responsible for certain repairs or maintenance costs. Mitigation: Research the builder's reputation and track record for honoring warranties, and consider obtaining an independent home inspection before closing to identify any potential issues. Upgrade Costs: New homes often come with standard finishes and features, but buyers may incur additional costs for upgrades or customizations to meet their preferences. These upgrade costs can add up quickly and significantly impact the overall price of the home. Mitigation: Prioritize upgrades based on your budget and needs, and negotiate with the builder to include certain upgrades as part of the initial purchase price. Development Charges and Levies: In some cases, new home developments may be subject to development charges, levies, or other fees imposed by municipal or provincial governments. These charges can vary depending on the location and type of development, and they may not be included in the initial purchase price quoted by the builder. Mitigation: Conduct thorough due diligence and consult with local authorities or real estate professionals to understand the potential impact of development charges on the overall cost of the home. Landscaping and Exterior Finishes: New homes may not include landscaping or exterior finishes such as sodding, fencing, or driveway paving, which can be additional expenses for buyers to consider. These costs are often not included in the base price of the home and may need to be budgeted for separately. Mitigation: Factor landscaping and exterior finishing costs into your overall budget when purchasing a new home, and discuss these requirements with the builder to clarify what is included in the purchase price. Condo Fees and Maintenance Costs: In the case of new condominiums, buyers should be aware of ongoing condo fees and maintenance costs associated with shared amenities, common areas, and building maintenance. These fees can vary depending on the size and type of the condo development and may increase over time. Mitigation: Review the condo corporation's financial statements and reserve fund study to assess the adequacy of reserves and potential future fee increases, and factor these costs into your budget when evaluating new condo developments. By understanding and anticipating these potential hidden costs and unexpected expenses associated with purchasing new homes versus resale homes in Toronto, buyers can make informed decisions and mitigate risks to ensure a smooth and financially prudent homebuying experience. Consulting with experienced real estate professionals and conducting thorough due diligence can also help buyers navigate these complexities and avoid costly surprises. Halifax senior stuck with $45K bill for new sewer, water lines before she can sell her duplex | CBC News A Halifax senior says major issues selling her home of 50 years have become a cautionary tale for those in old duplexes around the city. cbc.ca READ MORE ... Thousands on waitlist for $10 plots of land in Ontario before project launch | Urbanized Cochrane, Ontario, will soon be selling $10 plots of land as part of a multifaceted project to boost housing and energize property sales.  dailyhive.com READ MORE ... Historic mansion in Toronto is surprisingly under $3 million When it comes to affordable housing in Toronto, it's slim pickings.  With rental prices having climbed a whopping 20 per cent in the last few years... blogto.com READ MORE ... This Toronto home just hit the market after being in the same family since 1948 We love a home with a story to tell, and when it comes to 111 Donlands Avenue, it's a story of pride of ownership and a family's love that has span... blogto.com READ MORE ... Mortgage broker says more first-time buyers entered the market following the pandemic - BNN Bloomberg A new survey found that over the last two years, about one-third of respondents moved, a majority of whom were first-time homebuyers. bnnbloomberg.ca READ MORE ... CMHC’s First-Time Home Buyer Incentive is Ending | RealInsights CMHC First-Time Home Buyer Incentive has ended. Find out about new deadlines and who can still submit applications. gta-homes.com READ MORE ... Canada To Cut Temporary Resident Target 20% After More Than Doubling - Better Dwelling Canada’s explosive population growth went from a boasting point to liability in less than 3 years. The Government of Canada (GoC) announced on Thursday they will be implementing a limit for temporary residents in the coming years. This comes as the economic boom driven by immigration fades, leaving behind an oversupply of labor and undersupply […] betterdwelling.com READ MORE ... Dundas home listed for $9M 'like nothing you’ve ever seen' Weirs Lane spans more than two hectares and has a live roof. thespec.com READ MORE ... Interest rate cuts could soon diminish real estate investment opportunities in Ontario | insauga Real estate investment opportunities across the GTA and Ontario, such as the purchase of a new condo, could diminish soon due to interest rate cuts. The Bank of Canada has indicated that it will cut its overnight lending rate three to five times this year. It’s a certainty that condominium prices will start increasing immediately […] insauga.com READ MORE ... Home sales fell in August. Why that might be good news for buyers Canadian home prices are stabilizing heading into the fall, CREA said Friday, as higher interest rates cool demand among buyers and the level of new listings grows. msn.com READ MORE ... With renters feeling squeezed, city holds 1-day tenant fair | CBC News For London, Ont., renters like Xenia Osegueda, it's not always clear which website to visit or what number to call when problems emerge in the tenant-landlord relationship. cbc.ca READ MORE ... Missing 'middle housing' keeps new homes out of reach for many: TRREB Mixed homes, smaller modular homes, and micro homes are needed in communities like Newmarket so that people can stay in the communities they were raised in, Toronto Regional Real Estate Board CEO says newmarkettoday.ca READ MORE ... This Week's Top Stories: Canada Spends 75% of Its Deficit To Prop Up Mortgages & Cuts Immigration - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages The Government of Canada (GoC) plans to spend a whopping $30 billion to support its mortgage market this year. March marked the second month of its buying spree, spending roughly […] betterdwelling.com READ MORE ... Albertans struggling to find place to rent: survey Albertans are struggling to find a place to rent as the province is flooded with a river of newcomers. The time spent searching for a rental stretches more than six months for one in every six renters, according to a survey by rentals.ca. But even fewer are spared the frustration of looking for one — nearly two-thirds of respondents say securing a spot has been very difficult. The survey was conducted among 600 participants in Ontario, B.C. and... msn.com READ MORE ... Housing market will see 'staggered' return of buyers and inventory: RBC Economist believes it will take a series of rate cuts before many are ready to take the plunge ca.finance.yahoo.com READ MORE ... Landlords call on province to speed up eviction process for unpaid rent A group of landlords are calling on the province to speed up the eviction process when tenants don’t pay rent, saying months of backlogs at the Landlord and Tenant Board is costing thousands. ottawa.ctvnews.ca READ MORE ... This Texas couple charged their daughter rent — but they're still getting plenty of 'backlash' online Tough love at the Bank of Mom and Dad. ca.finance.yahoo.com READ MORE ... $4 million Toronto home inspired by 17th-century Italy Tucked away in the heart of Toronto's prestigious Yorkville neighbourhood, 42 Berryman Street stands as a true masterpiece, offering a blend of Vic... blogto.com READ MORE ... Some Ontario landlords are calling for ’automatic’ evictions for tenants who don't pay rent | RCI Landlords look to B.C. model, but tenant advocates say it’s the wrong solution ici.radio-canada.ca READ MORE ... Homebuying activity slows across Canada New data shows first slowdown for three months mpamag.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

✍️ 22nd Mar 2024 - Taxes 2024: Can I Write Off Home Renovations In Canada?

💥 Friday 22nd March 2024 💥 How To Sell A Home That Didn't Sell! Daily Buzz: GTA's Real Estate Ignition! "Insightful Reports & Hot Listings: Your Keys to Real Estate Triumph!" "Daily Buzz: GTA's Real Estate Ignition" sparks your daily journey through the Greater Toronto Area (GTA) real estate market. Each day, we ignite discussions, uncover trends, and provide you with the hottest updates to keep you informed and inspired. Whether you're a buyer, seller, investor, or simply passionate about real estate, our daily buzz delivers the insights you need to stay ahead of the curve. Get ready to ignite your real estate journey with "Daily Buzz: GTA's Real Estate Ignition." What are the main reasons behind a home listing expiring, and how can sellers proactively address these issues to prevent future expirations? Home listings can expire for various reasons, and it's essential for sellers to address these issues proactively to prevent future expirations. Some common reasons for a listing to expire include: Overpricing: Pricing the home too high relative to market conditions can deter potential buyers and lead to a lack of interest in the property. Sellers should work closely with their real estate agent to set a competitive listing price based on comparable sales in the area. Regularly reviewing and adjusting the price as needed can help attract more buyers and increase the likelihood of a sale. Ineffective Marketing: Limited exposure or inadequate marketing efforts can result in a lack of visibility for the property, leading to fewer showings and potential offers. Sellers should ensure that their listing receives maximum exposure through various marketing channels, including online listing platforms, social media, open houses, and targeted advertising. High-quality photos, virtual tours, and detailed property descriptions can also enhance the listing's appeal to potential buyers. Poor Condition or Presentation: A home that appears dated, cluttered, or poorly maintained may struggle to attract buyers, especially in a competitive market. Sellers should prioritize staging and preparing their home for sale to make a positive impression on potential buyers. This may involve decluttering, depersonalizing, making necessary repairs or upgrades, and enhancing curb appeal. Presenting the home in its best possible condition can significantly increase its appeal and perceived value. Lack of Flexibility: Sellers who are unwilling to negotiate on price, terms, or other aspects of the sale may encounter challenges in closing a deal. It's essential for sellers to remain flexible and open-minded throughout the selling process, considering all reasonable offers and working collaboratively with buyers to reach a mutually beneficial agreement. Demonstrating flexibility and willingness to negotiate can help overcome obstacles and keep the transaction moving forward. Market Conditions: External factors such as changes in the local housing market, economic conditions, or seasonal fluctuations can impact the selling process and contribute to a listing expiring. While sellers cannot control market conditions, they can stay informed about current trends and adjust their selling strategy accordingly. Working closely with a knowledgeable real estate agent who understands market dynamics can help sellers navigate changing conditions and adapt their approach as needed. To prevent future listing expirations, sellers should work closely with their real estate agent to address these issues proactively. By pricing the home competitively, implementing effective marketing strategies, presenting the property in its best possible light, remaining flexible and open to negotiation, and staying informed about market conditions, sellers can increase their chances of a successful sale and avoid the disappointment of a listing expiring. Taxes 2024: Can I write off home renovations in Canada? Latest news coverage, email, free stock quotes, live scores and video are just the beginning. Discover more every day at Yahoo! ca.yahoo.com READ MORE ... Bank of Canada expects to cut rates this year, governing council split on timing: deliberations The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing. cp24.com READ MORE ... Home buyers are getting more creative in quest to own Homebuyers have alternatives, and they’re increasingly willing to use them to get into an ever more challenging market, a new survey has found. That includes here in Calgary, says local realtor Darryl Terrio, local real estate agent and broker with Re/Max Complete Realty. “We’re seeing instances, for example, where two buddies are going in together on a house.” Other alternative approaches are growing in popularity too, according to Re/Max... msn.com READ MORE ... Average Innisfil home sold for more than $800K last month: BDAR There were 54 units sold in February, up 31.7 per cent from the same month a year ago innisfiltoday.ca READ MORE ... Aurora and Newmarket real estate prices down 11-15% since peak after strong February The average combined price for real estate in Aurora climbed by over 20 per cent in February compared to the previous month, while Newmarket’s average saw a nearly nine per cent bump. yorkregion.com READ MORE ... BCFSA fines former Realtor $55K, cancels her licence over contentious assignment sales A former real estate agent has agreed to the cancellation of her licence and a $55,000 fine to settle allegations of misconduct brought against her by a B.C. regulator. bc.ctvnews.ca READ MORE ... Here’s 5 major cities in Canada where you can buy a home with a salary under $100K - NOW Toronto There’s at least five major cities in Canada where people can buy a home with an income under $100,000, according to a new report.  nowtoronto.com READ MORE ... Time for 30-Year Mortgages in Canada? One Homebuilders Group Says Yes Should the federal government to allow the creation of 30-year mortgages in Canada, for insured mortgages on new residential properties? blog.remax.ca READ MORE ... Drop the mortgage stress test at renewal, competition watchdog urges Ottawa - National | Globalnews.ca The Competition Bureau is urging the federal government to waive the mortgage stress test for all borrowers at renewal, arguing it can help Canadians get a better rate. globalnews.ca READ MORE ... Enhancing housing affordability in Canada and the role productivity plays: CMHC - REM Fixing our housing crisis with productivity requires considering broader issues in all industries and specific issues in housing supply, with market and industry-related realities realestatemagazine.ca READ MORE ... Landlords protest after Brampton announces plans to relaunch rental licensing pilot | CBC News Dozens of Brampton landlords who say the city's rental licensing pilot will penalize compliant landlords protested outside city hall on Wednesday, asking council to scrap the two- year pilot. cbc.ca READ MORE ... 'Cozy den space': This tiny room is what $1,200 a month will get you in downtown Vancouver Two of the walls are floor to ceiling windows. vancouverisawesome.com READ MORE ... Average Bradford home sold for $1.1 million last month: Realtors Town also saw 42 sales in February, up 31.3 per cent from a year ago bradfordtoday.ca READ MORE ... Boosting home value with new energy-efficient windows and doors: Guide for 2024 - REM Boost your home's value with new energy-efficient windows and doors. Discover the secret to increasing property appeal and market worth. Find out more! realestatemagazine.ca READ MORE ... Bank of Canada mulls rate cut amid economic forecasts Speculation rife over potential June cut wealthprofessional.ca READ MORE ... Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk - National | Globalnews.ca The Bank of Canada's governing council says the conditions for interest rate cuts should materialize this year, but the housing market is a risk to the inflation outlook. globalnews.ca READ MORE ... Houseful survey shows younger first-time homebuyers in Canada are successfully navigating a challenging housing market and purchasing ahead of their schedule by making more trade-offs In today's market, every real estate move is a calculated balance of choices and trade-offs unique to every homebuyer. To understand how first-time homebuyers in Canada are making those decisions, Houseful, an RBC company, released its First-Time Homebuyer Trade-Off Survey. ca.finance.yahoo.com READ MORE ... 'Processing issues' with home savings accounts causing tax refund delays: CRA The Canada Revenue Agency is blaming 'processing issues' after tax refunds were delayed for holders of a First Home Savings Account. ctvnews.ca READ MORE ... As Toronto becomes increasingly unaffordable, these families found a way to stay — can others? Creating the homes families want at prices they can afford is a task governments need to take seriously, says a realtor. thestar.com READ MORE ... Canadian recreational property prices forecasted 5% higher in 2024: Royal LePage - REM “We anticipate that more Canadians will embrace recreational living this year as lower borrowing costs bring their recreational home aspirations closer within their reach” realestatemagazine.ca READ MORE ... Unexpected resilience amid economic challenges showing up nationwide - REM Record population growth, adaptability to interest rate hikes and demographic shifts have fueled unexpected strength despite affordability constraints and economic stagnation realestatemagazine.ca READ MORE ... Toronto construction eyesore sits idle for 2 years, as housing developers under financial strain | CBC News A luxury Toronto condo project that's been sitting idle for at least two years is irking its Forest Hill neighbours, bringing into focus a problem experts say has been fuelling the city's housing shortage: multi-residential building projects that start—then appear to stall. cbc.ca READ MORE ... This Toronto home just hit the market after being in the same family since 1948 We love a home with a story to tell, and when it comes to 111 Donlands Avenue, it's a story of pride of ownership and a family's love that has span... blogto.com READ MORE ... Canadian Credit Card Debt Climbed 3x The Rate of Mortgages - Better Dwelling Canadian households are cooling on their borrowing but the type of debt may be an important sign. Statistics Canada (Stat Can) data shows household credit climbed at one of the slowest rates in decades in January. The slowdown was primarily caused by slower mortgage debt growth, with credit card debt rising 3x faster.  Canadian Household […] betterdwelling.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any GTA Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer-Upper | Rent-To-Own Homes All types of Credits Low or Zero down With Bank Cash-Back + Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • OLD Fan Page: Rent to Own Homes GTA • Facebook NEW Fan Page Blog • Instagram • LinkedIn • Pinterest • Twitter • Tumblr • Youtube • Client Testimonials Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here