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Western GTA mayors say they want a piece of the action
Caledon Enterprise
Tired of being in the shadow of Canada's largest city on important issues like transit and transportation, leaders in Peel Region yesterday said it's time to have a blunt discussion about the future of cities and towns west of Toronto. "By coming together, and addressing numerous issues together, we would ensure that we have a voice within the important discussions that are taking place in the Greater Toronto Area and Ontario today," said Brian Crombie, co-chair of the inaugural Western GTA Summit slated for May 21 in Mississauga.
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Regional Housing Market Tables (Peel Region/Dufferin County)
Brampton Real Estate Board
Click "read more" to view detailed regional housing market statistics for Peel Region/Dufferin County from April 2013.
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Regional Housing Market Tables (Halton Region)
Brampton Real Estate Board
Click "read more" to view detailed regional housing market statistics for Halton Region from April 2013.
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Beware sending a real estate deal off the rails
Move Smartly (blog)
An interesting decision from Toronto's small claims court provides a useful lesson on the obligations of buyers, sellers and lawyers when a real estate transaction starts to go off the rails. In his decision, Justice M. Donald Godfrey wrote that the case came to court because the parties and their lawyers were unable to work out a "reasonable compromise" on the closing of a transaction in Toronto.
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Home sales softening in GTA
Brampton Guardian
Construction of new houses and condos slumped almost six per cent across Ontario and eight per cent across the GTA in April over March in the face of softening home sales. The most dramatic downturn has been in the high rise condo sector, where new construction starts across the GTA were down about 73 per cent in April, to 1,259 new units, from the record 4,716 starts a year earlier, according to statistics released by the Canada Mortgage and Housing.
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Statistics Canada: Markham is Canada's most diverse community
The Times of India
Real estate agents Jacqueline and Jim Wong have lived in their quiet residential Markham neighbourhood for 14 years. Over that time they've seen the demographics of their community change greatly, particularly in the past five years with the increase of Chinese and South Asian people moving to their city and buying homes. Other GTA communities — Brampton, Mississauga and Toronto — aren't far behind when it comes to visible minorities.
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Supportive housing in Peel Staff overwhelmingly reject management's 'final offer'
Market Wire
Staff of Supportive Housing in Peel (SHIP), members of Local 966 of the Canadian Union of Public Employees (CUPE 966) have overwhelmingly rejected their employer's final offer. Instead, members today voted more than 90 per cent in favour of giving their bargaining committee a mandate to take any action necessary to achieve a fair settlement with SHIP, up to and including strike action.
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First-time homebuyers heavily influenced by commute
Toronto Star
Commute times are becoming key for first-time homebuyers, according to a new BMO survey. Of course, finding a home in a safe neighbourhood is still the top concern, ranking as the first priority for 62 per cent of first-time buyers surveyed, just below the 63 per cent national average among buyers overall.

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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," 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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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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Investors could be hardest hit by amortization cap
Canadian Real Estate Magazine
Small property investors could soon find themselves with considerably less money to renovate new purchases if Jim Flaherty succeeds in winning a 25-year amortization cap on conventional mortgages. The proposal is expected to get floated past federally regulated lenders by the Office of the Superintendent of Financial Services as early as this spring, according to sources. It would effectively limit borrowers who put down 20 per cent or more on a property to 25-year term.
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Tackling housing and homelessness
Caledon Enterprise
Let's begin by asking, for the record, if there is a need for a Housing and Homelessness Plan for Caledon as there is for the Region's other municipalities? It's an important question to ask for any community. For Caledon Community Services, the answer goes a long way in determining the services we strive to provide for our community.
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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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