🛏️ 24th Apr 2024 - I Made $136,000 On Airbnb Last Year Renting Out Homes I Don't Own.

💥 Wednesday 24th April 2024 💥 Questions Agents Hate! Toronto's Real Estate Blaze: Daily Hot Market Digest! "Crafting Your Path to Home Triumph: Free Reports & Coveted Listings!" "Toronto's Real Estate Blaze: Daily Hot Market Digest" is your go-to source for the latest and hottest updates in Toronto's real estate market. Our daily digest brings you an exclusive blend of breaking news, expert insights, and market trends that keep you in the know. From housing price fluctuations to the newest property listings and investment opportunities, we cover it all. Whether you're a buyer, seller, or just a real estate enthusiast, this newsletter will keep you informed about the blazing hot developments in Toronto's ever-evolving real estate scene. Don't miss a beat with "Toronto's Real Estate Blaze: Daily Hot Market Digest." Stay ahead of the game and ignite your real estate knowledge! Are there any topics or inquiries that realtors are legally obligated to address, even if they would prefer not to discuss them? Yes, realtors have legal and ethical obligations to address certain topics or inquiries, even if they would prefer not to discuss them. These obligations are designed to protect buyers and sellers and ensure fair and transparent transactions. Here are some key areas where realtors are legally obligated to provide information: 1. Disclosure of Material Facts Realtors must disclose all material facts that could affect the property's value or desirability. This includes information about the property's condition, history, or other issues that could impact a buyer's decision to purchase the home. Material facts may include: Structural issues: Such as foundation problems, roof damage, or plumbing and electrical issues. Environmental hazards: Asbestos, lead paint, radon, or other hazardous materials. Zoning restrictions: Restrictions on property use or future development. Neighborhood factors: High crime rates, noise pollution, or known nuisances. 2. Stigmatized Property Disclosure In some jurisdictions, realtors must disclose if a property is stigmatized by a certain event, such as a death, crime, or other incidents that might affect a buyer's perception of the property. The requirements vary by region, so realtors must understand local laws regarding stigmatized property disclosure. 3. Fair Housing and Anti-Discrimination Laws Realtors must comply with fair housing laws, which prohibit discrimination based on race, color, religion, sex, disability, familial status, or national origin. This means realtors cannot avoid discussing topics that could lead to discrimination, such as school districts, neighborhoods, or demographic information. They must provide information in a manner that respects these laws. 4. Known Legal Issues If there are legal issues affecting the property, such as unresolved liens, pending litigation, or disputes over property boundaries, realtors must disclose them to prospective buyers. 5. Seller Disclosure Requirements In some jurisdictions, sellers are required to complete a property disclosure statement outlining known defects or issues with the property. Realtors must ensure that these disclosures are provided to potential buyers. Addressing Inquiries While realtors have a legal obligation to disclose these topics, they also have to balance providing information without violating privacy or engaging in discriminatory behavior. If asked about sensitive topics that could lead to discrimination, realtors typically redirect the inquiry or provide objective data without personal bias. For example, if a buyer asks about the demographics of a neighborhood, a realtor might point them to publicly available demographic information rather than answering directly. In summary, realtors must address topics related to property condition, legal issues, stigmatization, and fair housing compliance. By adhering to these obligations, they help ensure a fair and transparent real estate process. I made $136,000 on Airbnb last year renting out homes I don't own. Here's what I tell others who want to try it too. Monica Lee White made $136,000 renting out other people's homes on Airbnb through rental arbitrage. She now teaches others her method for making six figures. ca.movies.yahoo.com READ MORE ... More than half of Canadians say 2nd job needed to buy a home: RBC survey | Globalnews.ca The poll which surveyed Canadians under 65 found that 57 per cent believed they would need that second job or side hustle in order to supplement their savings globalnews.ca READ MORE ... 'Gorgeous' homes in Ajax and Clarington sold for as much as $100,000 above asking price on real estate market in April with big bedrooms, large windows Both are detached homes. durhamregion.com READ MORE ... Hamilton tenants protest above-guideline rent increases ACORN calling on province to ban higher-than-normal rent increases to protect remaining affordable housing stock. thespec.com READ MORE ... Multiple offers mounting for houses under $1 million in Toronto: real estate agents Multiple offers are mounting for houses under the $1 million mark in Toronto while prices stay steady and competition moves faster and fiercer, according to real estate agents in the city. toronto.ctvnews.ca READ MORE ... This Week’s Top Stories: Canadian Mortgages Help Push Record Debt & Investors Are Fleeing - Better Dwelling Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Household Debt Nears $3 Trillion, Over 130% of GDP Canadians are warming up to borrowing again, fueled by rumors of cheap credit returning soon. Households owed $3 trillion in debt as of February, climbing 3.4% from last year. Higher rates slowed […] betterdwelling.com READ MORE ... A closer look at “Sell in May and go away” - MoneySense A pattern in the markets works—until it doesn’t. Investors will be better off focusing on the fundamentals. A pattern in the markets works until it doesn't. Investors will be better off focusing on the fundamentals. moneysense.ca READ MORE ... 10 best-selling condo buildings in Mississauga, Halton and Toronto, Ontario | insauga Here are 10 of the Greater Toronto Area’s best-selling condo buildings. insauga.com READ MORE ... Buying or selling a house? Do your homework first Realtor Susan Kramm described a recent broker call she had with other realty executives around the province. T... battlefordsnow.com READ MORE ... One of Ottawa's most expensive luxury homes has sold for $5 million One of Ottawa’s most expensive luxury homes is off the market. According to local luxury realtor Sezlik Luxury Properties, the Bauhaus-style home at 55 Old Sunset Blvd., overlooking Commissioner’s Park and Dow’s Lake, has been sold. “A huge congratulations! What an absolute pleasure working with our wonderful clients and selling this stunning home,” Sezlik announced in an Instagram post Wednesday. “Wishing you all the best on your next... msn.com READ MORE ... Canadian Mortgage Changes Blur The Line Between Normal & Crisis: CMHC - Better Dwelling Canada is taking crisis-style mortgage market intervention, and making it an everyday thing. That was the feedback the Government of Canada (GoC) received from the CMHC. In recommendations dated in 2022, the CMHC explained the country’s plan to directly fund mortgage borrowing is unusual for a Sovereign, and blurs the line between normal markets and […] betterdwelling.com READ MORE ... What is a halal mortgage? How interest-free home financing works in Canada - National | Globalnews.ca As part of the 2024 federal budget released last week, Ottawa said it is 'exploring new measures to expand access to alternative financing products, like halal mortgages.' globalnews.ca READ MORE ... Equifax Canada testing use of rental payment data for credit scores TORONTO — Equifax Canada is exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more people. The agency said it has been testing small volumes of rental payment data to assess its suitability. An Equifax study found that including “alternative data” could establish or enhance […] kitchener.citynews.ca READ MORE ... Rent in Toronto is on the decline for the third month in a row: report The average price of rent in Toronto has declined for the third month in a row, according to a recent report by rentals.ca. cp24.com READ MORE ... Vancouver's rent is among the highest in Canada and here's how it compares to Toronto Rental prices have gone down slightly in Canada's largest cities. narcity.com READ MORE ... B.C. tenants unknowingly move into mouse-infested apartment for $3,000 The renters submitted a video of mice running around the unit as evidence. newwestrecord.ca READ MORE ... Experience the future of real estate investing - REM How Investium is simplifying the process of joint property investment realestatemagazine.ca READ MORE ... Cottage of the Week: $4.3 million for a Port Carling cabin with a retrofuturist roof The 1,800-square-foot property also comes with marble bathrooms, a rooftop patio, a private beach and a two-slip boathouse torontolife.com READ MORE ... Proposed Toronto condo complex seeks gargantuan height increase A large condo complex proposed in the increasingly condo-packed Yonge and Eglinton neighbourhood is planning to go much taller. Developer Madison G... blogto.com READ MORE ... Hardly anyone is building or buying condos in Toronto anymore as market flops Though higher interest rates and unyieldingly prohibitive home prices have made Toronto completely unaffordable to all but a select few, the housin... blogto.com READ MORE ... Most Ontario residents need to work a second job to afford a home in 2024 Dreams of owning a home in one of Canada's most expensive provinces continue to move further out of reach for most Ontario residents, with a new su... blogto.com READ MORE ... Ontario home sold at $500k loss after 5 failed attempts to sell An Ontario home sold well below its previous selling price earlier this month sheds light on just how unpredictable the province's real estate mark... blogto.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

👀 23rd Apr 2024 - Where First-Time Homebuyers Can Find Opportunities In Canada Now!

💥 Tuesday 23rd April 2024 💥 Toronto GTA Power Of Sale FREE Listings! Daily GTA Real Estate Chronicles: Hot Market Trends! "Transforming Your Home Experience: Expert Reports & Hot Listings!" "Daily GTA Real Estate Chronicles: Hot Market Trends" brings you the latest and most important trends in the Greater Toronto Area real estate market. Our daily newsletter dives into the key developments, emerging opportunities, and breaking news that shape the GTA real estate landscape. Whether you're a homebuyer, seller, or investor, we cover a range of hot topics, from the shifting dynamics in housing prices to the hottest neighborhoods and expert insights. With "Daily GTA Real Estate Chronicles: Hot Market Trends," you can stay ahead of the curve and make informed decisions in this ever-changing market. Subscribe to stay in the loop and gain a competitive edge in Toronto's vibrant real estate scene. Are there any restrictions or limitations on financing options available to buyers interested in purchasing properties under "Power Of Sale Listings," and how can they navigate these challenges? In Toronto, Ontario, Canada, power of sale listings arise when a property is put up for sale by a lender (often a bank or financial institution) due to a borrower's default on their mortgage payments. Here are some key points to understand about power of sale listings and the potential restrictions or limitations on financing when purchasing these properties: Restrictions and Limitations Property Condition: Power of sale properties are generally sold "as-is," meaning the seller (lender) doesn't guarantee the condition of the property. This lack of guarantee can complicate traditional financing, as some lenders require properties to meet certain standards before offering a mortgage. Lender Guidelines: Traditional mortgage lenders in Toronto may have specific requirements for approving a mortgage, such as a minimum property condition. If a power of sale property has significant damage or safety issues, it might not meet these requirements, affecting the buyer's ability to secure conventional financing. Higher Down Payment: Due to the perceived risk, some lenders may require a larger down payment for power of sale properties. This requirement can be a barrier for buyers with limited cash reserves. Strategies for Navigating Challenges Mortgage Pre-Approval: To understand what you can afford and any lender-specific requirements for power of sale properties, get pre-approved for a mortgage before starting your search. Work with a Mortgage Broker: Mortgage brokers in Toronto can connect you with a range of lenders, including those who are more open to financing power of sale properties. They can also advise on various mortgage options, including those tailored to properties requiring repairs. Include an Inspection Contingency: When making an offer on a power of sale property, consider including an inspection contingency. This provision allows you to withdraw your offer if the inspection reveals issues that make it difficult to secure financing or necessitate extensive repairs. Explore Renovation Loans: If the power of sale property requires substantial repairs, some lenders offer renovation loans that combine the costs of the property and the repairs. This can be an option to finance the purchase and renovation in a single loan. Private Lending: If traditional lenders are hesitant, consider private lenders who might be more flexible. However, private lending typically comes with higher interest rates and additional fees, so weigh the pros and cons carefully. Seek Legal Advice: Power of sale transactions have unique legal considerations. Consulting with a real estate lawyer in Toronto can help ensure you're fully informed about the process, legal implications, and any restrictions that might affect your ability to purchase and finance the property. By following these strategies, you can better navigate the challenges associated with power of sale listings in Toronto, Ontario, Canada, and increase your chances of successfully purchasing and financing these properties. First-time Homebuyer Opportunities in Canada Right Now A sampling of locations where first-time homebuyers can find affordable housing opportunities in Canada right now. hgtv.ca READ MORE ... Do Ottawa's proposed capital gains tax changes affect inherited properties? | CBC News Tax experts and lawyers explain to CBC how capital gains works on property transfers, including what happens with inheritances and how the value of those properties is determined. cbc.ca READ MORE ... Ottawa’s dirty little secret — home-buyer savings plans boost demand, not affordability Robert McLister: Tax shelters don't make housing more affordable, but those with the cash would be foolish not to use them ca.finance.yahoo.com READ MORE ... Posthaste: Canadians boosting down payments with family money to enter housing market Many Canadians are boosting their down payment using family money to enter the housing market amid high borrowing costs. Find out more. communitypress.ca READ MORE ... Interest rates pushed his mortgage from 25 to 47 years About one in five variable rate mortgage holders at three major banks are now in 'negative amortization' — where the time it takes to pay off the home loan is getting longer. It's causing concern with regulators who plan to reign in the type of loan that allows it. One man saw his repayment period go from 25 to 47 years. cbc.ca READ MORE ... Getting the lowest mortgage rates in a high interest rate world Getting the lowest mortgage rates in a high interest rate world barrie360.com READ MORE ... Home buyers’ alert: Terms you may not know, but should - MoneySense Understanding industry jargon can make you a better real estate investor. Understanding industry jargon can make you a better real estate investor. moneysense.ca READ MORE ... 'City within a city': Montreal announces plan for 40,000-person neighbourhood MONTREAL — After several false starts, the City of Montreal announced on Friday a new vision to redevelop a former horse racing track into a neighbourhood for up to 40,000 people. Calling the project a “city within a city,” Mayor Valérie Plante said half the 20,000 units planned for the site in and around the […] halifax.citynews.ca READ MORE ... Conservatives won't say whether they'd reverse capital gains tax change Despite expressing vehement opposition to the newly unveiled federal budget, Conservative deputy leader Melissa Lantsman would not say whether her party would reverse the Liberals' plan to increase the capital gains inclusion rate. ctvnews.ca READ MORE ... House of the Week: $3.7 million for a Beaches home with an angel statue in the living room The 3,000-square-foot property also comes with six bathrooms, a library, a basement rec room and a jumbo deck overlooking a forested ravine torontolife.com READ MORE ... 'Sought-after': Markham home on real estate market sells for $350,000 above asking price with glass railing deck patio, 9-foot ceilings Why so much? yorkregion.com READ MORE ... Real estate regulators across Canada: How the industry works by province or territory - REM Canada’s provinces and territories operate differently when it comes to real estate. Here’s our guide to some of the country’s regulators realestatemagazine.ca READ MORE ... Rents in Alberta Growing Fastest in Canada Multiple developments have exhausted affordable options and exacerbated low vacancy rates, and as a result, rents in Alberta are rising. blog.remax.ca READ MORE ... “Our parents just passed. What do we do about their estate?” - MoneySense Two siblings’ complex inheritance provides a case study in minimizing death taxes. Two siblings’ diverse inheritance provides a case study in minimizing death taxes. moneysense.ca READ MORE ... Here's how much the cost to rent an apartment in Vancouver has changed in the past 5 years Vancouver is consistently one of Canada's most expensive markets for housing rentals. timescolonist.com READ MORE ... We all benefit from lower capital gains taxes—even if you’re not rich - The Hub It’s as if the government had failed to understand that housing—like any other product or service in the economy—does not get produced without capital. This budget confirmed that lack of understanding.  thehub.ca READ MORE ... Toronto landlord serves potential tenant with 'ridiculous' list of rules With the average rent for a one-bedroom apartment now surpassing $2,400, it's becoming increasingly difficult to find reasonably priced living acco... blogto.com READ MORE ... Making sense of the markets this week: April 21, 2024 - MoneySense Capital gains tax inclusion rate will increase (for some), Netflix chills, U.S. bank earnings solid, and will the loonie sag on inflation? moneysense.ca READ MORE ... Average Toronto home prices on track to hit $2m by 2034 Asking prices continue to climb mpamag.com READ MORE ... 7 solutions to alleviate Canada’s housing crisis: RBC Economics - REM With a projected shortfall of one million homes by 2030, urgent action is needed to address affordability challenges — here are some proposed solutions realestatemagazine.ca 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