Real Estate in the News

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

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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 how it can affect you.

Drop in commodities brings deeper economic pain for some provinces
It’s feel like a recession depending where in the country you live. Also read “Home prices to rise despite economic slowdown: Poll“.

Bank of Canada: policies are managing risks from housing market strength
“The resulting strength in the housing market has increased household imbalances, but the risks stemming from these vulnerabilities have been well managed by complementary macroprudential policies,” Bank of Canada deputy governor Lawrence Schembri said in the prepared remarks of a speech. Also read “Housing market ‘collateral damage’ for BoC amid rate conundrum: Economist” and “Bank of Canada will cut interest rates again on Sept. 9, National Bank predicts“.

Are these Canada’s best property markets?
The list, compiled by the Economist Intelligence Unit (EIU), affiliated with the Economist magazine, can be taken as indication of which Canadian centres offer investors a steady stream of renters, regardless of minor fluctuations in employment and commerce.

New Template FINTRAC Training Materials
To further assist brokers in meeting their training program obligations, on August 24, 2015, CREA released an update to their template compliance manual that provides more detail on how to design a FINTRAC training regime.

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