Real Estate in the News

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

Canada’s housing market hits Wile E. Coyote moment: Yale lecturer –
Vikram Mansharamani joins the international chorus of doom-sayers telling us that the Canadian housing market is in a bubble from a decade long credit binge and have created one of the most vulnerable economies in the world as a result. Also read “Now and then: Do Canadian homes really cost that much more than 30 years ago?“.

5 things you should know about buyer representation agreements –
Real estate brokers perform considerable work bringing buyers and sellers together. The decision about whether to use a buyer representation agreement (BRA) can at times make the difference in collecting the commission due or not.

Price gap between new houses and condos hits $300K in Toronto –
Does this price gap and the limited amount of new land for single family dwellings spell a generation that will not be able to afford the traditional home?

CREA Updates and Extends Resale Housing Forecast –
The decline in oil prices changes the forecast downward for Canadian home sales (nationally averaged) while Ontario will still see a possible 1.9% increase in sales for 2015.