Real Estate in the News

Posted by:

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

Home prices in Toronto suburbs on fire amid ‘intense’ competition for detached houses
“Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,” said Jason Mercer, director of market analysis for TREB.

Toronto home prices jump 21%, putting sales at record high
The Toronto Real Estate Board (TREB) says there were 9,768 sales in the Greater Toronto Area — up 11.5 per cent from the same month last year. Its benchmark price index was also up by 19.7 per cent from a year ago and the average selling price for all types of homes rising by 21.1 per cent to $762,975.

Better enforcement, steeper fines: What’s needed to fix the real estate industry
Tim Hudak, CEO of the Ontario Real Estate Association, spoke out in response to a CBC Marketplace hidden camera investigation that documented real estate agents breaking the rules in an effort to double their commission. Tim Hudak, best known for his time as leader of Ontario’s PC party, called the hidden camera video released so far “disturbing” and vowed to make sure more is done to crack down on agents who behave unethically.

Mississauga dreams big with Inspiration Lakeview
The City of Mississauga is poised to give official plan approval to a transformative 245-acre vision for lands abutting Lake Ontario that could become home to 20,000 new residents, create thousands of new jobs in the innovation sector and showcase the very latest in sustainable urban living technologies and practices.

Councillor’s “tall residential buildings” moratorium for downtown Toronto draws sharp criticism from development community
Ward 27 Councillor Kristyn Wong-Tam submitted the letter, dated October 27th, 2016, to the Toronto and East York Community Council, requesting that the council’s community planning director report to the council on the “feasibility of implementing a one-year moratorium on new tall building residential re-zoning applications.”

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

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. Guaranteed registration ends Friday November 18 at 3:00pm.
    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.