Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

‘Danger Report’: Real estate pros fret court could break lock on secret sales data
Ross Kay claims a real estate agent handing over a few sold listings to a client is not the same as making the information widely accessible online. “What that means is that every single personal detail in a home’s listing would be available to any major corporation or bank to download” and to mine for data, says Kay who lives in Burlington, Ont.

Toronto home sales climb 16.5 per cent in November
In November 2016, Greater Toronto Area realtors reported 8,547 home sales through the Toronto Real Estate Board (TREB)’s MLS System, which is a 16.5 per cent increase compared to November 2015. In the GTA, sales were up on a year-over-year basis across all major home types. The strongest annual growth rates were experienced in townhouse and condominium apartment segments. Also read “GTA realtors move $6.6 billion worth of homes in November as prices soar“.

Foreign condo ownership down in Toronto? Former CMHC analyst disagrees, and here’s why
Shaun Hildebrand, senior vice president of Urbanation — and previously a senior market analyst for CMHC — says this year’s share of foreign-owned condos in Toronto “doesn’t seem unreasonable.” But he questions the drop, one he calls “alarming. It would imply a loss of nearly 3,000 foreign-owned condos over the course of a year,” Hildebrand calculates. “Where could they have gone?”

Average price for detached home in Toronto hits $1.35M as prices soar: real estate board
The Toronto-area real estate market continued to see strong sales volumes and higher prices in November. The Toronto Real Estate Board says there were 8,547 sales through its system last month, up 16.5 per cent from November 2015. The average selling price for all types of housing was $776,684, up 22.7 per cent over the same time last year, while the industry association’s home price index was up 20.3 per cent.

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Upcoming Realty Point Seminars

  • Realty Point Annual Celebration
    Sunday, December 11, 2016 at the Capitol Banquet Centre in Mississauga (6435 Dixie Road, Mississauga, ON, L5T1X4)
    All Realty Point agents are invited. Please contact your brokerage office for information

      Buffet dinner
      Entertainment & Music
      Realty Point Sales Award Presentation
      Networking & Mini-trade show
      Prizes, prizes prizes and a grand prize of an all-inclusive trip for two to the Dominican Republic

    Login to your Agent Dashboard to register now. Tickets are extremely limited.
    Please ensure the office has your up-to-date sales to be considered for the Realty Point Sales Awards by November 15th, 2016.

  • Agent Training Webinars
    New Agent training courses have been added and scheduled for you on Tuesdays at 11:00am and Thursdays at 7:00pm. Regular topics include using the Agent CRM and learning how to create a website in your Agent Dashboard. These webinars are available online only, for more information and to register please login to your Agent Dashboard and visit the Office Events Section.

More information about upcoming seminars and to register visit this page.