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Sliding into new year - amidst all the media headlines - there's a lot of new speculation about market recovery, shifting conditions, and where Toronto real estate is headed from here! Stop by our blog regularly and we'll keep you informed!
Here is what you'll find inside our January 2019 E-newsletter:
First, we share our Homewatch News contribution, 'How To Navigate The Economy Of Short-Term Rentals In Toronto'. For consumers looking for short-term rentals in the City of Toronto, the arrival of Airbnb (and similar services) provides choice and affordable accommodation. It also gives homeowners the chance to generate income from their homes, which can be a real plus given the hefty mortgages that the bulk of homeowners are shouldering, simply to afford owning a home in Toronto. Unfortunately, in a sea of short-term rentals in residential neighbourhoods, problems arise surrounding safety, community cohesiveness, and the housing market. In order to address a number of these problems, the City of Toronto has moved to close the loopholes around Airbnb rentals by proposing new regulations. Here, we offer updates on the latest federal and municipal regulations and tips for those wishing to utilize the income potential of their homes. Our Homewatch Newsletters specifically isolate content from our informative blog and our growing social media presence on Facebook, Google+, Instagram and Twitter, that directly address the homeownership experience, particularly what follows after a completed real estate transaction: the 'living'!
Each month we share the tale of what one of our buyers have recently purchased in our Home of The Month feature. To kick off the New Year, we offer a tale from Urbaneer team member Kellye MacMillan, who has broadened her knowledge base by assisting buyers and sellers in nearby Hamilton, while continuing to support her faithful clients in downtown Toronto! She recently helped one pair of Buyers secure a gorgeous semi-detached Victorian home with loads of reno potential - located in a prime pocket of South Riverdale! After a year long search, a steep learning curve, and ever-changing search parameters, this couple finally found their new dream home! Check out the story here!
January's installment of our Dear Urbaneer series is entitled, 'Should I Buy Property In A Climate Of Rising Interest Rates?' This time around, we are helping potential homebuyers prepare for a purchasing property in Toronto's current financial and economic environment. Here's the client question: "With the high price of real estate in Toronto, along with the high cost of living, I’m a little concerned about taking on a significant mortgage, especially if interest rates are going up. I have homeowner friends that have had to take out additional debt just to cover monthly expenses and they are really feeling the pinch of rising interest rates. I’d always just considered taking on as much mortgage debt as I could as a means to an end in order to buy a home in Toronto, but now I am nervous. I really value the dream of homeownership, but is it wise to buy a home while interest rates go up?" Pop over to this piece to see Steve's advice!
As realtors, writers, and avid social media participants - not to mention lovers of all things real estate - our Urbaneer team shares a bunch of blogs each week. According to Urbaneer.com's January stats, our most read blog was the second part of our 'Winter 2018/2019 Forecast'. Toronto real estate has been newsworthy over the last several years, to say the least, but it is most definitely an interesting time to be a market participant, no matter in what capacity! In Part Two of Urbaneer's forecast, we share our thoughts on climbing the property ladder in our current market, how interest rates and consumer fiscal responsibility are the linchpins of our housing economy, and the always-expanding condominium market. Check out what's around the corner!
The second most popular post was 'On Flipping - Or Building Equity - For Toronto Real Estate Buyers'. In the world of Toronto real estate, more often than not, the top priority for home buyers is to 'make the right investment' - especially when you're looking to renovate and turn a profit! It's actually one of the most challenging of all the shelter industry occupations, because you're trying to get the highest return in the shortest amount of time while operating at the whims of what can be a very fickle market. Take a look at what we have to say here!
Browse the January 2019 Newsletter HERE!
And - for lovers of unique urban spaces - don't miss our sensational Toronto real estate listed for sale or lease on our site for your consideration!
We LOVE Toronto real estate!
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*Love Canadian Housing? Check out Steve's Student Mentorship site called Houseporn.ca which focuses on architecture, landscape, design, product and real estate in Canada!