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Housing a concern, but those fearing crash in for 'pleasant surprise'
The Globe and Mail
Canada's housing market remains a concern, but doomsayers fearing a crash are in for a "pleasant surprise," the Bank of Nova Scotia says in a new forecast. "We expect a GDP negative contraction in housing but not a collapse as interest rates are expected to remain low and immigration trends supportive," currency strategists Camilla Sutton and Eric Theoret said.
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Brampton mayor revives talk of downtown hotel
Mississauga.com
Brampton Mayor Susan Fennell is rekindling talk of attracting a major hotel chain and convention centre to the downtown core. Attracting a major hotel brand would be a big boost to downtown revitalization, said the mayor in her introductory speech.
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Tax policy strategy to be reviewed
InsideHalton.com
Multi-residential homeowners have been subsidizing residential homeowners for quite some time because they're taxed at a higher rate, said Halton Hills Councillor Jane Fogal said. With the 2013 multi-residential tax rate at two per cent and the residential tax rate at one per cent, those who own apartments and other multi-residential units are paying twice as much as their home-owning neighbours, she told Halton regional council recently.
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Mayfield Road expansion plans underway
Caledon Enterprise
Peel has completed an environmental assessment study for proposed improvements to a seven-kilometre stretch of Mayfield Road, from Airport Road to Coleraine Drive along the Brampton-Caledon border. The study is part of plans to widen Mayfield Road from two lanes to six lanes. Planners propose Mayfield expand from two lanes to four lanes from Airport Road to Coleraine Drive by 2021 and four lanes to six lanes from Airport Road to a future "A2 Arterial Road by 2031." Intersection improvements include transit facilities, a sidewalk and multi-use trail.
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Do you have what it takes to be a landlord?
The Globe and Mail
Despite the long list of potential hazards, the possible rewards of being a landlord often outweigh the downsides. Here are the top ten reasons why you should become a landlord.
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  FEATURED COMPANIES
Making First Impressions Count

Our newly designed reflective posts have been unleashed into your neighborhood, keep a eye out for them.
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Not all new rules are old rules
Canadian Mortgage Trends
In the last four and a half years, federal regulators have instituted more than two dozen mortgage-related policies and regulations. It's a well-intended attempt to engineer a market correction (the proverbial "soft landing") and add stability to the housing market. There's been much debate over the extent of recent rule tightening. But only time can tell if Ottawa's policy-induced downturn takes hold, and if it was the best course for the economy.
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A first-time buyer's condo-hunting dilemma
Toronto Star
Shalini Devid was excited about the prospect of buying her first condo. Then mortgage lending rules were tightened, choking her hopes of home ownership. At least for now. Devid, a financial analyst who works in downtown Toronto and rents in Etobicoke, has been caught by the federal government's move to reduce the maximum amortization period from 30 years to 25 years on CMHC-insured mortgages.
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FEATURED ARTICLE
TRENDING ARTICLE
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3 key traits you need to rock the real estate investing world
Financial Post
It's not exactly rocket science, but the skills necessary to turn property to paychecks aren't exactly easy to come by. Here are three key traits Ken Corsini of BiggerPockets.com says it takes to make it.

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Message from the President
Brampton Real Estate Board
April was a busy month for the Brampton Real Estate Board. Here is an update from president, Denise Dilbey, on local real estate news.

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Downtown parking fees rise in Brampton
Brampton Guardian
The cost of parking in Brampton's downtown is up. Parking rates rose to $1 per half hour from .75 cents, and the daily maximum will go up to $9 from the current $8. The first hour will still be free, though, and there will still be no charge to park in the evenings and on weekends and holidays.

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A soft market is a great time to consider a real estate investment
Oakville.com
If you've ever considered a real estate investment as a supplemental or even primary source of income for you and your family, a consultation with a mortgage professional can help you decide how best to take advantage of the opportunities in this unique soft-market environment.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

   
Message from the President (Brampton Real Estate Board)
The 3 key traits you need to rock the real estate investing world (Financial Post)
Farms outpacing homes in value (Caledon Enterprise)

Click here to see what else you missed.


4 easy ways to reduce your mortgage costs
Toronto Star
When it comes to saving on your mortgage, there are lots of ways to cut your interest costs, such as making pre-payments and shopping around at renewal time. The best way to save is by borrowing as little as you can. The best way to do that is by making as large a down payment as possible.
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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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May 8, 2013










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