Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

Canadian home sales slip further in January –
CREA released news that January 2015’s month-over-month national home sales were down 3.1% from December 2014.

Online deposit system for real estate aims to eliminate paper cheques –
An online deposit system is coming soon for home purchasers to easily transfer their purchase deposit to the broker’s trust account. ExactDeposit is currently being tested as a pilot project in Halifax. Clients use a credit card to transfer the funds to their broker eliminating the need of paper checks. Real estate professionals pay a monthly fee to access the service and buyers pay a premium on top of the deposit amount for using their credit card for their deposit (currently the system only uses credit card funds).

GTA RealtorsĀ® Release Mid-month Resale Housing Figures –
The first two weeks of February saw a 14.9% increase in sales over the same period in 2014.