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Building permits jump 4.5 per cent, mark fifth month of growth
The Globe and Mail
Statistics Canada says municipalities issued $7.3 billion worth of building permits in May, up 4.5 per cent from April. The agency says it was the fifth consecutive monthly increase and was generated mostly by the residential sector in Ontario and the non-residential sector in Quebec.
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Greater Toronto real estate market: Intensification drives prices
Toronto Star
Real estate markets respond to the policies put in place by government. And the GTA new home market in recent years has been all about intensification in action. Consumers can only buy what they can afford, and what builders can sell. In turn, builders can only sell what consumers want (and can afford) and what the government allows them to build.
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New amendment to the 'Electronic Commerce Act' allows for electronic signatures in real estate transactions
Mondaq
Bill 96, a private member's bill introduced to the Ontario Legislative Assembly to amend and modernize the Electronic Commerce Act, 2000 died when Dalton McGuinty stepped down as Liberal leader and prorogued the Ontario legislature on Oct. 15, 2012. Conservative MPP Todd Smith re-introduced the contents of the bill to the Ontario legislature on March 6, 2013, through Bill 28, an act to amend the Electronic Commerce Act, 2000. The bill was carried at second reading and referred to the Standing Committee on General Government on Mar. 21, 2013.
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Rule changes may have knocked 10 per cent of homebuyers out of market
The Globe and Mail
The Canadian government's latest moves to prevent a housing bubble may have knocked up to 10 per cent of potential homebuyers out of the market, Bank of Nova Scotia says in a new report that, like others, suggests a soft landing for the industry.
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Competition in GTA helps drive demand for energy efficient homes, upgrades
Toronto Star
Homeowners have become more aware and educated about saving energy. Whether it's driven by comfort or by cost-saving, it's also good for the environment. Canada's homebuilders have embraced energy efficiency as an essential part of meeting customer expectations in a highly competitive marketplace.
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Mortgage rules delaying home purchases for first time buyers
Financial Post
A new Bank of Montreal study suggests that roughly one in five potential first time homebuyers have postponed their purchase since Ottawa tightened Canada's mortgage rules last year. Finance Minister Jim Flaherty's introduced his new lending rules, which included reducing the maximum amortization period to 25 years from 30, a year ago.
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Real estate ETFs: 3 things to consider
ETF Database
For retail investors, the exchange traded fund boom has opened up a plethora of opportunities for portfolio construction. From simple indexing approaches to more complex strategies, ETFs are quickly becoming the go-to investment vehicle. Nowhere is that more prevalent than the world of real estate.
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Making First Impressions Count

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Choice Properties Real Estate Investment Trust completes $400 million initial public offering and $600 million senior unsecured debenture offering
Canada Newswire
Choice Properties Real Estate Investment Trust announced that it has completed its initial public offering of 40,000,000 trust units of the REIT at a price of $10 per Unit. The Unit Offering raised gross proceeds of $400 million. Concurrently, Choice Properties also closed its offering of $600 million aggregate principal amount of senior unsecured debentures of the REIT.
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Stricter debt ratio standards on the way
Canadian Mortgage Trends
If you're a typical borrower, your debt ratios will largely determine if you're approved for a mortgage. For applicants who push the limits of qualification, those approvals have been tougher to come by. That's a direct result of last year's mortgage rule tightening, which imposed stricter debt ratio calculations (among other things).

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Realtors boost sales with sponsored reviews
The Canadian
As the economy is not in the best of shape, people have been shying away from investing in the real estate market. Realtors have been trying hard to increase their sales but at times they have faced a lot of difficulty in doing so.

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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.

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Something new on New Street
Hamilton Spectator
At what point does a public benefit trump official plan and zoning commitments? That's the question Burlington's planning department has to resolve on the application by the Hamilton District Christian Senior Citizens Home. This nonprofit organization built and runs the three-story, 63-unit Maranatha seniors apartment on New Street at Cumberland Avenue.
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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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