Real Estate in the News

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

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TREB: A message from the new president
Mark McLean introduces himself as the new Toronto Real Estate Board president in this open letter

Don Pittis: Canadian economy needs to get out of election mode
A downturn in the economy may change the way the current government handles the finances of the country in order ...

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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.

Bank of Canada Interest Rate Cut
The Bank of Canada has cut the overnight interest rate to 0.5% with the implication that Canada is in a partial recession. growth in the economy is expected by the Bank to begin in the latter half of 2015. ...

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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
June 2015 was a record month for home sales in the Greater Toronto Area (up 18.4% for a total of 11,992 homes sold) and the average selling price is up 12.3% to $639.184 over June 2014. Also read “Average Toronto home sale price hits new record“.

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Real Estate in the News

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

Canada’s economy shrank 0.1% in April, Statistics Canada says
Canada’s economy has contracted every month this year, Stats Canada reports. The oil and gas sector contributed to the decrease. Also read “Recession Threat Looms As Canada’s Economy Shrinks For 4th Month In A Row“.

Ontario Allows Real estate Documents To Be Signed Electronically
Effective July 1, 2015 the law of the land has changed to allow ...

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Real Estate in the News

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

Risks To Canada’s Economy Are On The Rise, Bank Of Canada Warns
House price growth continues to outpace income growth and that could be the fuse that leads to a house pricing correction says the Bank of Canada, but we are on a better economic footing to absorb economic shocks. Also read “Should Stephen Poloz be more worried about the Canadian economy?

Toronto condo construction heating ...

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Real Estate in the News

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

The Bank of Canada Serves Up Its Latest Economic View With A Dash of Hope Sprinkled On Top
Inflation is “near the bottom” of the target range and consistent with the current economy, with the economy remaining in line with current forecasts. Until there is a change in the economy of our trading partner south of the border, fiscal policy will remain unchanged. Also read :”Canada’s economy ...

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Real Estate in the News

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

Bank of Canada warns of housing market corrections – theglobeandmail.com
Are housing price corrections on the way for Canada’s hottest housing markets? The bank of Canada thinks it’s a strong possibility. Also read “Canadian house prices 35% overvalued, Economist magazine says“.

Canadian home sales climb in March – crea.ca
Actual sales activity for March 2015 rose 9.5% from March 2014 levels with a ...

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Real Estate in the News

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

Canada’s economy shrank 0.1% in January – cbc.ca
Canada’s gross domestic product (GDP) shrank slightly, 0.1%, which is better than expected, and may signify another Bank of Canada rate reduction soon.

No market crash until… – canadianrealestatemagazine.ca
Today’s housing market is “priced to perfection” says Jeff Baryshnik, president of Republic Funds. Low interest rates are saving Canadians on their mortgages and there isn’t a “housing ...

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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 – oreablog.com
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.

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