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Canadian housing bears stand their ground as prices keep rising
The Globe and Mail
It's too soon to relax about the Canadian housing market, says Bank of Nova Scotia economist Derek Holt. "I remain of the conviction that one doesn't drop one's guard on housing risks as we push toward higher and higher peaks,"” he writes in a research note. "Indeed, one's guard should be raised."
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$7.4 million cottage shows Canada's housing boom is feeding surge in vacation homes
Financial Post
A cottage that sold for $7.4 million in Ontario's Muskoka region highlights the increasing trend of younger, wealthier buyers investing in vacation spots as they profit from housing booms in major cities. A cottage that sold for $7.4 million in Ontario's Muskoka region highlights the increasing trend of younger, wealthier buyers investing in vacation spots as they profit from housing booms in major cities.
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OSFI: High prices, low mortgage rates should be red flags
CTV News
Canada's banking regulator is warning both lenders and borrowers to be careful about moving deeper into the still pricey housing market, saying the risks are increasing and are likely to remain elevated. In a speech at a housing conference in Toronto, Mark Zelmer, the regulator's second in command, gave a general caution to lenders, mortgage insurers and borrowers. "Now, I would not presume to claim that borrowers are acting irrationally or do not know what they are doing," said Zelmer, deputy superintendent at the Office of the Superintendent of Financial Institutions.
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Canadians may no longer be top foreign buyers of U.S. real estate
Business News Network
Alain Forget, the head of sales and business development at RBC Bank, is watching to see whether Canadians retain their top spot in the rankings of international buyers of U.S. properties this year. The data, which come from the National Association of Realtors south of the border, have been slightly delayed but are expected to be released in early July. They will detail purchases between March last year and March, 2014.
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Real estate agents' skill set ever expanding
B.C. Local News
A REALTOR®'s job was to identify potential homes for clients then guide them through the myriad legal details surrounding the buying and selling of property. Those roles are still there, but technology and clients' expectations have brought changes that have re-shaped the REALTOR®'s career. "The role of the REALTOR® has changed, especially in the last 10 or 15 years," says Tim Ayres, president of the Victoria Real Estate Board.
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3-D app let buyers explore homes before they're built
Calgary Herald
One of the tricky parts about buying a new home can be the whole imaginative process. It can be hard to picture how a new home will feel from mentally walking through a two-dimensional floor plan. Many people find it easier to understand how a home will fit them when there is a physical structure to stand in, either as a show home or spec home.
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An urban planner warns: Beware of the too-cheap Toronto condo
The Globe and Mail
Ute Lehrer, an associate professor at York University, would like to see people paying more for Toronto condos. Why? Because you get what you pay for, she says. "Sometimes you have to invest more up front in order to save later," says Ms. Lehrer, who has a PhD in urban planning. "If I had the authority to advise, I would actually suggest that the entire building industry produce higher-quality condominiums over all, and that, of course, means higher prices."
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Are REALTORS® soon to be obsolete?
Mortgage Broker News
The need for an agent in the selling process is dead. Or so believes many investors that are getting their lawyers to do the hard work. An increasing number of buyers and sellers are ditching their real estate agents in favour of lawyers to save cash. Seasoned landlords say they get their lawyers to handle all of the paperwork and negotiation with the whole transaction costing, on average, around $1,000 including HST.

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Sandra Rinomato: How to find a good REALTOR®
CTV News
You are about to embark on one of the largest purchases of your life. Where do you start? Well, the first thing you want to do is hook up with a reputable, professional and licensed REALTOR®. Awesome, so where do you start?

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New REALTOR® agreements aim to clear up confusion for homebuyers
Global News
Those in the market for a new home are being warned to anticipate some extra paperwork. As of July 1, anyone using a REALTOR® to search for homes will have to sign a written contract outlining responsibilities, a timeline and who pays fees.

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Real estate investors locked out of crowd-funding craze over fear home flippers will move in
Financial Post
Buying a stake in a rental building shouldn't be more worrisome for a securities regulator than say, investing in a tech start-up, says Craig Asano. But the executive director of the National Crowdfunding Association of Canada says provincial securities commissions are currently planning to exclude the "tried and true asset class" of real estate from using equity crowd-funding to raise money online and through other electronic means.
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The first 3 questions for first-time buyers
Toronto Star
Buying your first home can be like piecing together a puzzle. In the beginning, you may not know where to start. But as you become informed, all of those seemingly small yet critically important pieces will begin to come together. Here are three first-time home-buyer questions that you may not have considered.
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City of Mississauga: Early projections call for 5.1 property tax increase in 2015
Mississauga.com
It's a given that municipal property taxes will increase year after year. However, Mississauga home owners appear to be looking at less of an increase on the City of Mississauga's portion of the property tax bill next year compared to the 6.1 per cent they swallowed when this year's bill arrived in the mail.
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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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