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Sales of high-end real estate soaring
The Globe and Mail
Sales of high-end homes in Toronto have surged this year, outstripping the growth in sales of more modestly priced homes. Indeed, a number of markets across the country are seeing a strong pickup in the number of high-end homes that are selling. Real estate industry players say they think it's because people are less worried about the housing market's future.
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CMHC probes how much Bank of Mom and Dad may be skewing real estate market
Toronto Star
Ontario's housing market remains "modestly" overvalued, and that may be, at least in part, because of "gifting" — baby boomer parents who are helping finance down payments on pricey homes their grown children couldn't otherwise afford, according to the Canada Mortgage and Housing Corporation.
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Is rising inflation a warning that Canadian mortgage rates are on the way up?
Move Smartly
When Statistics Canada released its latest Consumer Price Index (CPI) report recently, it showed that prices have risen by two per cent over the most recent twelve months, hitting the Bank of Canada's long-term target for inflation for the first time since April of 2012. Anyone keeping an eye on where mortgage rates may be headed is well advised to pay attention to the monthly CPI data, which measures the rate at which our average prices are increasing on a year-over-year basis.
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Property managers reap benefits of Toronto's condo boom
The Globe and Mail
The property management business, which is now a staple in Vancouver's real estate scene, is growing in Toronto as more and more condos are built. Property managers find tenants for landlords, and then generally handle things like maintenance issues and collecting rent. A rising number of them are popping up in Toronto, attracted by the plethora of units that are being rented out.
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Ontario's realtors pass the test
InsideBrockville
When you work with a realtor to buy or sell your home, you're working with a professional who is well-educated and prepared to help you with one of the biggest investments you'll ever make. "Ontario Realtors are recognized as some of the best educated in the world having met the demanding requirements of the Ontario Real Estate Association's (OREA) award-winning education program," says OREA president Costa Poulopoulos.
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  FEATURED COMPANIES
Making First Impressions Count

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Canadian realtors donate $2 million to CMHR
Winnipeg Free Press
Real estate professionals from across the country have come up with a $2 million donation to the Canadian Museum for Human Rights. It represents gifts drawn from over 100,000 individuals, brokerage firms, and real estate boards and associations from across Canada and beyond associated with the Canadian Real Estate Association.
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Affordable communities offer the good life
Real Estate Magazine
Many Canadians in expensive urban areas dream of moving to a quieter, more rural area to enjoy nature and embrace a small-town atmosphere. The amount left over after selling an urban property and buying in a more rural area can be substantial if buyers and sellers get savvy. The "impossible dream" of a nice, safe place to raise a family or retire while enjoying nature is very much alive and well in southern Canada.
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Renting over buying: Your real estate questions answered
CTV News
What you want to know about buying and selling a home. CTV's chief financial commentator Pattie Lovett-Reid and real estate expert Sandra Rinomato have your answers.

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Number of GTA realtors has doubled in past decade
CBC News
The city's searing housing market is luring more realtors than ever before, according to new numbers reported by the Toronto Real Estate Board recently. There are currently 40,000 realtors operating throughout the GTA, the board says, up from 20,000 ten years ago.

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Save on home and auto insurance
BREB
Brampton Real Estate Board (BREB) and Small Business Owners and Professionals Association (SBPA) is pleased to introduce a new exclusive home and automobile insurance program for BREB and SBPA members. The program is underwritten by Economical Select (formerly known as Waterloo Insurance Company), a subsidiary of Economical Insurance, a wholly owned Canadian company.

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Know the cost of your holdover clause fee
Toronto Star
I'm about to sign an agreement with a real estate brokerage, but a clause in the contract says that I could still owe them a commission even after the agreement expires. Is that normal?
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Missed last week's issue? See which articles your colleagues read most.

   


Realtors hope Toronto's double-down tax won't spread
London Community News
Toronto's double-down land transfer tax can stay right where it is, says the newly elected chair of the Ontario Real Estate Association (OREA). Since assuming the high-profile position, London realtor Costa Poulopoulos has been sounding the alarm on the possible spread of a second land transfer tax that only Toronto is allowed to levy on home sales.
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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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