Real Estate in the News

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Canadian home sales rebound in October
The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in October 2015 compared to September. Also read “Home resales hit second-best October in nearly six years“.

Booming markets won’t collapse under their own weight – economist
“No housing recession in Canada or elsewhere has ...

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Real Estate in the News

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Court decision expands risks of disclosure with seller property information statement
A SPIS is a standard form document that was drafted by the Ontario Real Estate Association. It will contain information relating to defects, renovations and other pertinent property information based on the seller’s knowledge and experience. A vendor is not obligated to complete a SPIS and if the vendor elects to do so ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Competition Bureau, TREB return to tribunal in home-sales data lawsuit
Starting Monday, Sept. 21 in Toronto, the federal Competition Tribunal is set to rehear a lawsuit brought by the federal Competition Bureau against the Toronto Real Estate Board (TREB) over whether the board is unfairly restricting public access to crucial home-sales data. Also read “ Continue Reading →

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto real estate board stifling innovation, competition, lawyer tells tribunal
This week the trial continued between the Competition Bureau and the Toronto Real Estate Board. John Rook, a lawyer representing the bureau, says the real estate board is standing between consumers and the data because it fears competition from online startups could spark a price ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Bank of Canada keeps benchmark rate at 0.5%
Economists had been expecting the bank to keep its trend-setting target for the overnight rate where it is now. A few believe, however, that another cut might be possible later in the year unless the economic picture improves.

Three words to sum up Canada’s economy: ‘Best. ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

GTA Realtors® Release Monthly Resale Housing Figures
“Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while at the same time providing owners with a place to live in ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.

5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Economists welcome Harper promise to collect foreign real estate investment data
A better understanding of international investors and where they are buying in Canada is called “very positive” but no one is uncertain what the data will be used for, if ownership rules will be brought in place. Also read “Foreign buyers snatch ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Stephen Harper pledges higher RRSP withdrawal limit for 1st time homebuyers
Increasing the upper limit to the Home Buyer’s Plan is a great idea, allowing more Canadians to purchase their first home. Also read “Harper pledges to track foreign property ownership“.

What the Current Canadian and U.S. Employment Trends Mean for Our ...

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Real Estate in the News

Posted by:

Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

GTA REALTORS® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced record home sales for the month of July. Greater Toronto Area REALTORS® reported 9,880 sales through TREB’s MLS® System, representing an eight per cent increase compared to July 2014. The number of transactions were up for all major home types, ...

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