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Homeowners who get cold feet about selling are liable for agreed commission
Toronto Star
Selling your home can be an emotional experience, and it's possible to get cold feet after the "for sale" sign has gone up. When you first listed your home for sale, you likely signed a listing agreement with the brokerage. This is a legal document and it should detail how much commission is to be paid. It should also outline whether that commission is still owed if you choose to not go through with the sale.
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Why is everybody so obsessed with where we all live?
Financial Post
"Hey, where are you living these days?" It's the default hello in Toronto, where I live, as we sum up another human and where they fit in society based on their address. Maybe people should just ask for a T4 slip and property tax bill assessment upon meeting. It was not at all surprising to see a survey from Zoocasa, the upstart online real estate subsidiary owned by Rogers Communications, confirm my opinion that Canadians — in particular Torontonians — are just out of control with their obsession when it comes to real estate.
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How to effectively leverage technology
Real Estate Magazine
Launching a real estate marketing campaign without leveraging technology is like buying a canoe but no paddles. Technology for agents is a marketing investment; an investment of time, and sometimes, money. And it's a confusing investment.
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Household debt ratio falls, Canada's net worth rises in the first quarter
Canadian Business
Canadian household indebtedness has taken another step back from last year's highs, with the closely watched debt-to-income ratio dropping to a still-high 161.8 per cent in the first quarter of 2013. Statistics Canada reported that it was the second quarterly decline in a row in the ratio of household debt to disposable income. It was at 162.76 in the third quarter of 2012 and fell to 162.62 per cent in the fourth quarter of last year.
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Several big banks hike 'special discounted' fixed mortgage rates
Financial Post
A number of Canada's largest banks are moving to increase some of their mortgage rates. Scotiabank and the Royal Bank of Canada became the latest to announce a round of increases covering various terms of what they call special discounted rates. Those increases came a day after TD Canada Trust, the retail arm of TD Bank, boosted its "special" five-year closed rate a tenth of a percentage point to 3.39 per cent. The rate is a discount off the posted rate.
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CBRE: More towers, fewer tenants cloud office-demand outlook
The Globe and Mail
CBRE is warning developers that, with a plethora of new office towers going up across the country, the demand for office space is starting to wane. The result could be the end of a period during which rents have been high and vacancies extremely low.
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The Condo Mall brings builders to buyers under one roof
Toronto Star
In Toronto's vast condominium market, interested buyers now have a one-stop shop to check out some of the city's homes. The Condo Mall, open since March, is redefining the way condos are marketed. Rather than visit a slew of sales centres and endure zealous sales agents, shoppers can peruse a number of projects from some of the GTA's most reputable builders under three floors of space in Forest Hill.
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Low-income Ontarians running out of places to live
Brampton Guardian
A "staggering and worsening" shortage of affordable housing threatens the health and well-being of low- and moderate-income Ontarians and undermines the province's economic competitiveness, says a 20-year retrospective on the issue. "The lack of a sufficient supply of affordable housing shuts the door on opportunity for too many Ontarians," says the report by the Ontario Non-Profit Housing Association and the Co-operative Housing Federation of Canada, Ontario Region. "This undermines our collective prosperity."

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How Brampton demonstrates the new vision of Canada
The Globe and Mail
Brampton is anything but going backward. With a population approaching 550,000 — two-thirds of which are members of visible minorities, and with a significantly younger face than most of the country — a place most outsiders still consider a sleepy little suburb just west of Toronto is suddenly the nation's ninth-largest city, not far behind Vancouver.

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Real estate consultant charged with rigging federal bids
CBC News
The owner of a real estate consulting firm in Ontario has been charged with fraud and violating the Competition Act in connection with the alleged rigging of bids for federal real estate consulting work. Louis Facchini, who runs First Porter Consultancy in Carp, ON, has been charged with bid-rigging for allegedly conspiring with another consulting company, Corporate Research Group, to submit co-ordinated bids for Public Works and Government Services Canada contracts, the Competition Bureau announced.

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Caledon resident questions council's courage on intensification
Caledon Enterprise
A third open house on residential expansion in the village of Bolton saw residents focus on costs and the methodology used by consultants tasked with selecting a preferred option for the next wave of people in Caledon. Nick McDonald, of Meridian Planning Consultants, explained that his team is tasked with planning for approximately 190 hectares of residential land, and the simple explanation of their job is to define a preferred site according to criteria set out by and approved by Caledon's council.
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Poll: Home buyers look to GTA
Yorkregion.com
Toronto's land transfer tax pain may be the 905's gain. According to a new Ipsos-Reid poll, the number of buyers looking to purchase a home in the next two years is steady at seven per cent. Of that group, 80 per cent say the presence of a municipal land transfer tax would impact their decision to move into a given town, while 81 per cent say such a fee would incline them to look elsewhere for a new home. The majority of likely home buyers, 48 per cent, say they are looking at the 905 area, while 31 per cent say they are eyeing Toronto.
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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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