Real Estate in the News

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

Smart Money: Canadians stressed about finances as debt levels rise, exclusive poll finds – globalnews.ca
Money related stress affects 45% of Canadians with the grief coming from keeping a steady income, saving for retirement and saving for a down payment topping the list. Also see “Ways to save for a down payment.”

Toronto Real Estate Board demands brokers halt online sales stats – cbc.ca
The Toronto Real estate Board, citing privacy concerns, has sent Toronto brokers a letter (PDF) advising them that the disclosure, “including prices on websites is advertising and is a violation to the RECO Code of Ethics” and that “unauthorized use of the data could have their access to the TREB MLS® System suspended or terminated.” The data can continue to be used for “exclusive and internal use” by brokers, and they can continue to discuss selling prices with their clients but not display the selling prices openly online.

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