Real Estate in the News

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

OREA Endorses Recommendation For Special Levy To Fund Realtor® Value Ad Campaign –
Promoting the value of Realtors to the public across Ontario has been a major goal of the “We do the homework™” ad campaign featured by OREA. Now a recommendation of a special levy has been made, $30.00 per year per member for the next 3 years to continue the campaign.

TD Bank cuts forecast for Canadian economy –
The TD Bank cut is forecast for the Canadian economy in 2015 as it predicts yet another cut in the bank of Canada interest rate, a drop of oil prices to around $45.00 per barrel and, in a related story, a 75 cent Canadian dollar.

Homelife Superstars realtor accused of duping homebuyer of $12K –
When a realtor exerts their contract, when it’s possible they did not participate in the transaction, is this fair or transparent? Does this news story reflect poorly on the individuals involved or the industry as a whole?