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Market slows, but your house remains a good investment
Mississauga.com
For most Canadians, their biggest investment — their home — is likely to show a "lacklustre" two per cent annual rate of return over the next decade, a report by TD Economics predicts. "In other words, home price gains should simply match the pace of inflation," the report says. However, houses will still out-perform most other kinds of investments, with the exception of the stock market, the report says.
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Brampton townhouse development divides community
Toronto Star
A battle over a Brampton townhouse development has erupted along cultural lines with accusations of shady "Indian politics" and claims that children and seniors could be robbed of much-needed amenities. At the heart of the controversy is a plan to build 333 townhouses in the Springdale neighbourhood. On one side of the issue are the residents, mostly Punjabi Canadians, who argue the proposal does not fit their community’s needs. They want larger homes that can accommodate their cultural tradition of having large extended families living together.
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Real estate industry trends for 2013
Lexology
With the first quarter coming to an end we have gathered a short list of what we believe are the Real Estate Industry Trends for 2013. Let us know if you agree, disagree or see other issues which we missed. Our list is not in any particular order and not intended to be comprehensive, just provocative.
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Real Estate Industry web-based software

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Will nervous first-time buyers make this spring housing market bloom?
The Globe and Mail
With the spring selling season approaching, all eyes are on a crucial segment of the real estate market — the first-time home buyer. It's a group that includes people such as Tyler Padley and his wife Jamie McGovern, who have been renting in the west end of Toronto and are now looking to buy their first house and start a family. Like many prospective homeowners, they are struggling to find what they want at a price they can afford — even though they've saved up a sizable down payment.
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Real estate market: 12 things every home buyer should know before buying
The Guardian Express
When searching for any type of property, hiring a real estate agent with a solid reputation is essential. To learn more about the people you are planning to contact, verify their credentials in the market. However, your best bet may come from friends and family. A question that most prospective buyers ask before buying a home is how to maintain or increase the value of property over time.
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What first-time buyers really need: Affordable housing prices
The Globe and Mail
While mortgage brokers are pressing the federal government to bring back 30-year mortgages and give first-time buyers a bigger tax break, Globe and Mail readers are not convinced that easing mortgage rules is the answer to the problem. When the Globe and Mail asked readers in an online poll whether Ottawa should make it easier for first-time buyers to enter the real estate market, only 40 per cent of the nearly 2,500 respondents said yes, first-time buyers deserve a break.
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  FEATURED COMPANIES
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More hot air for housing market
Macleans
Canadian lenders are hoping a return to rock-bottom mortgage rates will reignite a cooling housing market that threatens to take a bite out of their income. The Bank of Montreal recently shaved its advertised five-year fixed rate to 2.99 per cent for the second time in less than a year, prompting federal Finance Minister Jim Flaherty to reiterate an earlier warning of the need to avoid "the type of 'race to the bottom' practices that led to a mortgage crisis in the United States."
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Canadian new home prices rise 0.1 per cent in January
Reuters
Prices of new homes in Canada rose 0.1 per cent in January from December, as forecast, but the year-on-year price growth continued to soften to 2.2 per cent from 2.3 per cent previously, Statistics Canada data showed. New housing prices had risen 0.2 per cent in December.
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Urban-suburban divide grows in Mississauga as city debates who will pay for a real downtown
Toronto Star
The urban-suburban divide that has marked Toronto politics for decades has arrived in Mississauga, amid debate over plans for reinventing the city's downtown area. Are suburbanites prepared to ante up through their property taxes for master plans, amenities and infrastructure to create a "real" urban core? Or will they be content to let development proceed as it will — and possibly see condo towers rising in their neighbourhoods?
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Brace for grim housing market news
Macleans
January home sales data had us all wonder whether the downward trip the housing market had embarked on in mid-2012 was already over. After four consecutive months of declines, home resales rebounded in the first month of the year from December. Had we already hit bottom? We hadn't. February home sales numbers will almost certainly show that housing has resumed its southbound trajectory — and at a faster pace this time.
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Real Estate Outlook

Frank Humada, Multiview, Director of Publishing, 289.695.5422
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Oliver Kirby, Multiview, Content Editor, 289.695.5401   
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