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Brampton councillors approve controversial townhouse plan
Toronto Star
Residents in the Springdale area say townhouses will decrease property values, overcrowd schools and prevent large, extended families from having the type of housing they desire. Most of the dozen residents who spoke at the meeting emphasized that the Metrus development for 333 townhouses was not what the land was zoned for when the company originally planned a commercial project.
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Bubbles are for regulators, not so much for Bank of Canada
The Globe and Mail
It is good news that the Bank of Canada, on behalf of Governor Mark Carney, has re-emphasized its moderate position on household debt and the real-estate sector, after a comment of his in Washington, which did not seem quite consistent with the bank's interest-rate announcement a day earlier. In general, monetary policy should not be mainly targeted at specific economic sectors, even such large ones as the housing or equity markets. Interest rates and credit conditions, however, are truly macroeconomic; that is, they affect the whole economy.
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RESAAS sees joiners abound for its real estate social network
Proactiveinvestors.com
Real estate social network RESAAS has been buzzing this year, adding 17 real estate agencies to its network in the past three months alone, in addition to its user base experiencing strong organic growth, as it works to roll out its services from the West Coast to the East Coast. RESAAS is a social network for real estate professionals. The network is designed to allow real-time updating of property listings as well as the ability to sync with social media sites such as Facebook and Twitter.
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Dunning: Housing won't bounce back so quickly this time
Canadian Mortgage Trends
How many times have we heard analysts imply that home sales will bounce back from mortgage rule changes within two to three quarters? This has been a common assertion from people who downplay the consequences of the July 2012 mortgage rules. But one man says that it's an argument not grounded in fact.
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Israeli business school opening real estate institute
The Canadian Jewish News
If you were to ask anyone, from sophisticated investors to amateurs who like to dabble which capital asset is least portable, you'd likely get a universal consensus that it's real estate. That may be true enough, but knowledge about real estate — how to finance acquisitions, hire and supervise contractors, market it, manage it — those are skills that are transportable everywhere.
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Bosses, beware of the 7 deadly sins
The Globe and Mail
The seven deadly sins of bosses, according to consultant Wally Bock, are: playing favourites, arbitrariness, indecision, lack of communication, lying, letting problems fester, and acting as if everything is about you rather than about accomplishing the mission and caring for people.
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Canada's smallest condos fetch big sales
Metro News
The Balance Micro-Suites condominium project in Surrey has garnered a plethora of headlines and public buzz in the past few weeks, but not necessarily for all the right reasons. Dubbed as "Canada’s smallest ever condos" — 60 per cent of the 56 suites are 308 square feet or less — Balance has mostly been used as a target for those cracking jokes about the region's out-of-control real estate market. But it turns out Charan Sethi, president of Tien Sher developments, wasn't kidding when he said the so-called micro-suites (targeted at young, first-time buyers earning $22,000 to $55,000 a year) would find its niche.
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Mortgage market seen dropping soon
Baystreet.ca
A rerun of mortgage trends during the 1990s housing downturn is how RBC Capital Markets characterizes the coming slowdown in Canadian mortgage growth rates in a new note.

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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.

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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.

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Mortgage growth seen dropping up to half in next 2 years
Financial Post
A rerun of mortgage trends during the 1990s housing downturn? That's how RBC Capital Markets characterizes the coming slowdown in Canadian mortgage growth rates in a new note. Growth will slow to about two per cent to four per cent in the next two years from 5.4 per cent as home sales and prices cool, according to Geoffrey Kwan and Sean Adamick, analysts at the Royal Bank of Canada unit.
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Low real estate prices luring retirees to Windsor from the GTA
Metro News
According to realtors, retirees from across the province are flocking to Windsor. Kim Gazo, president of the Windsor-Essex County Real Estate Board, says 942 retirement-ready families have moved to the region in the past four years. The bulk of them are Toronto ex-pats lured by rock-bottom housing prices. "A bungalow here will be in the $125,000 range, compared to more than $300,000 in the GTA. That's obviously a big draw," she said.
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Real Estate Outlook

Frank Humada, MultiView, Director of Publishing, 289.695.5422
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April 24, 2013










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