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Rogers launches enhanced realty search site
Toronto Star
Rogers Communications is set to take on Canada's real estate industry with a dramatically revamped online and mobile search engine, Zoocasa.com, that could put more than 300,000 properties and thousands of carefully vetted agents within a quick click of consumers by summer.
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Slowdown? Nearly half of Canadian homeowners eager to buy property
The Globe and Mail
Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a recently released poll has found. According to a Bank of Montreal survey, 45 per cent of Canadian homeowners surveyed this spring are looking to buy a place in the next five years, a level that did not change from the fall of 2012.
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The Senate reforms explained, from the death of the 'honour system' to a new 'smell test' for housing claims
National Post
Prime Minister Stephen Harper's message that Conservative senators should quickly pass proposed reforms to the Senate's spending rules put the ball back in the red chamber's court. His remarks suggested the Tories would move quickly to have the reforms passed, possibly using their Senate majority to try to push the changes through.
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Seller's remorse can be a costly thing
Toronto Star
Selling a family home is never easy, because there are so many emotions attached to it. However, once the decision to sell is made, you have to let it go. A new owner can do what they want with the property regardless of your memories, as this case shows.
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OSFI head warns low rates spurring risky moves by banks
The Globe and Mail
Canada's banking watchdog fears that ultra-low interest rates are forcing banks to take undue risks in order to maintain profits. Julie Dickson relayed her fears in a speech during which she said she wouldn't seek a second term as the head of the Office of the Superintendent of Financial Institutions and will step down from the post next year.
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How to get value out of your house without selling
Financial Post
Here's a way to get some value from your house without selling. Just be prepared to stay put and be ready for some headaches. Renovating can make your home bigger and more valuable but without any of the enormous transaction costs that can easily top 10 per cent, depending on where you live in the country.
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Habitat for Humanity to build affordable housing in Peel
Mississauga.com
The Region of Peel and Habitat for Humanity are teaming up to build more affordable housing units in Mississauga and Brampton. Regional Council recently endorsed a plan that will provide $4.5 million in grant funding to build as many as 50 homes between 2012-2017. The money is part of Peel's $17.1 million Housing Investment Plan, which aims to reduce the municipality's substantial wait list for affordable housing units.
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Brampton suffers identity crisis as newcomers swell city's population
Toronto Star
Mary Di Biase doesn't want to become part of a quiet but growing migration out of Brampton. But after living there for almost 43 years, leaving is often on her mind. Di Biase loves the home her family has lived in for decades, but she says the city's lack of a strategic plan ignores many residents who feel they're no longer part of Brampton's future.
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Condos becoming part of Toronto's affordable housing plan
Metro News
With more than 70,000 households languishing for years on Toronto's affordable housing wait list and few public dollars available for new construction, the city is turning to its burgeoning condo market for help. Half a dozen condominium developers have inked deals with the city and non-profit housing providers to offer low-income families and individuals affordable rental and ownership units in their buildings.
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Ontario transit proposal could cost each household $477 a year
CBC News
A final report recently released by Ontario's transportation agency, Metrolinx, recommends new fees to raise $2 billion annually for public transit in the Greater Toronto Area and the Hamilton area. If adopted, the proposed fees could amount to each household paying about $477 more in annual taxes, Metrolinx says.

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Bank of Montreal: Housing meltdown fears 'unfounded'
Toronto Star
Fears of a housing "meltdown" are unfounded and the Canadian housing market "will be able to pull off the fabled soft landing," says BMO chief economist Doug Porter. In fact, the Canadian housing market is now "calm, cool and collected," notes Porter.

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Is home ownership bad for employment? Maybe
The Globe and Mail
Here's one thing everyone knows, whatever their political or economic leanings: home ownership is good for the economy. Homeowners are savers, homeowners are great employees because they need their jobs, homeowners care about their communities, homeowners build communities, for goodness' sake. The list goes on — except that maybe it doesn't.

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Study shows U of T Mississauga contributes $1.3 billion to Peel economy
The Varsity
A report commissioned by UTM in April, has found that the campus contributes more than $1.3 billion to the Peel Region's economy. The $75,000 report was conducted by professional service firm KPMG LLP. It found that the campus contributes over $300 million in spending and an additional $1 billion in income earned by UTM alumni living in the GTA. UTM also contributed to the creation of 2,930 full-time jobs in Ontario.
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OSFI's Julie Dickson: Transition to higher interest rates 'could be very painful'
The Globe and Mail
Like those in most developed countries, interest rates have been at emergency lows for years. And the Bank of Canada is not expected to raise its benchmark rate from its current level of one per cent until late next year or early 2015. The impact of these low levels, Superintendent Julie Dickson said, is being watched closely by the Office of the Superintendent of Financial Institutions.
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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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