Hidden Costs of a Home Purchase Saving up to buy your first home? Factor these potential costs into your budget. If you’re hoping to buy a home this year, reach out to schedule a free consultation. We can help you navigate the process and reach your real estate goals. Manoj Arora, Broker of Record 647-361-1517 or 416-618-9753 #realestate #realestateagent #homebuyertips #firsttimehomebuyer #househunting #manojarora #aceteamrealty #manojarorarealtor [read more]

How to Become a Homeowner on a First-Time Buyer’s Budget It's not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often... [read more]

Renovate or Relocate? 3 Questions To Help You Decide Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, financial implications, and quality of life.  A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous... [read more]

Lesser Property Listings & Stronger Demand for Home Ownership Resulted in 16.5% Increase in Real Estate Transactions in June 2023 TORONTO, ONTARIO, July 6, 2023 – Home sales and the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’s levels. Seasonally adjusted sales dipped on a month-over-month basis. The seasonally adjusted average selling price and the MLS® Home Price Index (HPI) Composite benchmark were up compared to... [read more]

7 Common Homebuyer Regrets (And How To Avoid Them)  To avoid buyer's remorse, be sure to consider your future self when shopping for a home.  Most new homebuyers don't regret becoming homeowners. In fact, according to a recent survey by Zolo, 80% of Canadians who purchased a home during the pandemic say they're glad they bought their current homes.1 But that doesn't mean newly-minted homeowners don't have any regrets about their buying... [read more]