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Why the cities of the future belong to the millennial generation
The Globe and Mail
Wanting to define the millennial generation and the way those 20-year-olds are changing the face of Canada's big cities, Lisa Rochon asked the pioneering pollster Michael Adams and Environics Analytics to dig into the values of young people living in Toronto, Vancouver and Calgary. Here's the national exclusive on why millennial urbanites are attracted to beauty and back-lane urban grit, not the museums and wind-swept modernist plazas their baby boomer parents helped to build.
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Reno assistance available with Peel Renovates
The Brampton News
The Region of Peel is launching a new renovation assistance program, Peel Renovates, that provides funding to low-income homeowners who require immediate repairs or upgrades to their home. Two categories of funding are available for one-time assistance:

• up to $16,000 per household for major home repairs and/or accessibility renovations or upgrades • up to $3,500 per household for minor home renovations and adaptations for seniors

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McCallion: Brampton mayor introduced controversial amendment
Mississauga.com
Mayor Hazel McCallion admits she championed a hotel project involving her son prior to voting on Region of Peel bylaw amendments in 2007, but said she had no clue they stood to save his company $11 million. McCallion, 92, facing conflict of interest allegations, began her defence today in Brampton court and said it was Brampton Mayor Susan Fennell who introduced the controversial development charges bylaw amendment and asked her to "second" the motion at Regional Council.
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Smoking reduces house value by 30 per cent, realtor survey suggests
CBC News
Homeowners risk coughing up big bucks if they're also smokers, a survey of Ontario real estate agents and brokers suggests. The survey suggested that smoking in the home can reduce the value of a resale property by up to 29 per cent. The study was sponsored by Pfizer Canada, a pharmaceutical company whose products include a smoking cessation medication. It estimates a potential loss of up to $107,000 on a home in Ontario, where the average price is currently around $369,000.
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Canada March home sales edge up from February, down on year
Reuters
Sales of existing homes in Canada rose in March from February even though year-over year sales fell sharply, offering more signs that the post-recession housing boom may have turned into a stable slowdown. Prices were up 2.2 per cent from a year earlier, the smallest increase in more than two years, the report from the Canadian Real Estate Association (CREA), the umbrella group for real estate agents, said.
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Some Toronto condo sales face CRA scrutiny
Toronto Star
Some sellers of new Toronto condos are seeing years of price gains in a booming market taxed away. Canada Revenue Agency auditors have added penalties to taxes for those who claimed their condo as a home, but soon changed their minds and sold. The CRA has yet to disclose how many sellers have been affected. But Toronto tax lawyer and text author David Sherman and other tax experts, accuse auditors of unfairly ignoring some legitimate explanations for sales.
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Attached garages: Health Canada warns of latest cancer threat to Canadian homeowners
Global News
Health Canada has an unlikely new health risk in its sights, one that millions of Canadians are exposed to on a daily basis: the attached garage. A proposed new guidance document by the department recommends homeowners consider measures ranging from better sealing off their garages to installing exhaust fans inside the spaces as a way to curb a subtle but significant cancer threat.
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Competition Bureau may appeal in Toronto realtor case
CBC News
The Competition Bureau is reviewing the dismissal of a two-year-old complaint that it filed against the Toronto Real Estate Board. The bureau wanted to force the board to eliminate rules preventing brokerages from offering certain Internet-based real estate services. The complaint, filed on May 27, 2011, alleged the real estate board's rules restricted competition by preventing its members from setting up "virtual office websites."
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A very Canadian housing slump
Macleans
Data from the housing market out today shows that sales were down 15.3 per cent in March compared to the same period last year. Given the events of the past decade, it is natural to worry about the possibility that Canada is headed for a U.S.-style housing meltdown. But I don't see how that's likely to happen. It's far more probable that we'll see the kind of housing slump we usually see in Canada: a long grind.
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Realtors move to digital signatures
The Province
The Canadian Real Estate Association is partnering with DocuSign to provide a system for electronic signatures for transactions. DocuSign announced it has entered into an agreement with CREA to provide the system. DocuSign said it helps agents and their clients close deals faster by eliminating the hassles and costs of printing, faxing, scanning and driving around town to get signatures.
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Bank of Montreal: Canadians still buying plenty of Florida real estate
Toronto Star
Canadians' unrelenting passion for sun and sand has helped drive a 12 per cent increase in Florida real estate over the last two years, according to a BMO report. More than 500,000 Canadians now own property in what was one of the hardest-hit U.S. states in the 2008 housing meltdown. And snowbirds remain the biggest foreign purchasers of Florida real estate despite a surge in interest from Asian and South American buyers over the last year or so.
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Real Estate Outlook

Frank Humada, Multiview, Director of Publishing, 289.695.5422
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