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Message from the President, Edward Short, August 2014
BREB
Motorists convicted of driving while chatting or texting on a handheld cellphone face three demerit points and fines of up to $1,000 under Ontario legislation introduced earlier this year. The province has already increased the $155 distracted driving fine to $280. The legislation, if passed however, would increase the minimum penalty to at least $300 and as much as $1,000.
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Welcome New BREB Members!
BREB
The Brampton Real Estate Board wishes to extend a warm welcome to all of our new and returning Member REALTORS® for the month of July, 2014!
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Discounted tickets for the Toronto Fall Home Show
BREB via BILD
An exclusive opportunity to invite your employees, associates, clients and friends to the upcoming Toronto Fall Home Show! Purchase pre-sale tickets today for only $10.00 and save up to $5.00 per ticket (regular admission is $15.00 at the door). Take advantage of this special offer today and reap the benefits! MARK YOUR CALENDARS! The Fall Home Show is scheduled for SEPTEMBER 18-21, 2014 at the Better Living Centre, Exhibition Place.
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SPONSORED CONTENT


September Education Courses at BREB
BREB
iPad for REALTORS®: Sept. 24, 2014 9:30 a.m. – 12:30 p.m.

MPAC and Property Assessment in Ontario: Sept. 24, 2014 1:30 p.m. – 4:30 p.m.

FINTRAC Update for Brokers of Records & Registrants: Sept. 25, 2014 9:30 a.m. – 12:30 p.m.

You be the Judge: Registrant Lessons to be Learned: Sept. 25, 2014 1:30 p.m. – 4:30 p.m.

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5-year mortgages holding firm, but just wait
The Globe and Mail
Rewind seven months and economists were predicting that five-year fixed mortgage rates would creep up a bit this year. But they've done nothing but fall so far. So what happened? Five-year fixed mortgage rates tend to roughly track the yields on five-year government of Canada bonds, because those influence the cost of the funds that the banks obtain to lend out.
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PRODUCT SHOWCASE
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New report: Introduction of land transfer tax in other cities carries huge cost
CTV News
The adoption of a municipal land transfer tax in other Ontario communities carries a huge economic cost, a new report suggests. In a study commissioned the Ontario Real Estate Association (OREA), the groups warns that the implementation of the tax in Mississauga, Hamilton, Ottawa, London and Thunder Bay would cut economic activity in those communities by nearly a billion dollars over five years.
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Should your home's selling price be public information?
Toronto Star
If you're in the market for a house and know what other houses in the area are selling for, would that help you to make an offer? This question is at the heart of the lengthy proceedings between the Competition Bureau and the Toronto Real Estate Board (TREB). The Bureau wants anyone to have access to the Multiple Listing Service (MLS) owned by real estate board. TREB says the information is private.
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Trulia adds real estate agent profiles to its databases, like LinkedIn for agents
VentureBeat
Entrusting someone with helping you find a new home is important, especially since they'll be taking some of your money in the process. Trulia, which sold to competitor Zillow recently, is launching a new feature to its app: Agent Profile, which is exactly what it sounds like. Trulia is an online database for real estate properties and professionals serving buyers, sellers, owners, and renters.
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Canadians grow pessimistic about economy and jobs, except in the west
The Globe and Mail
The Conference Board says Canadians are getting increasingly pessimistic about the economy and the availability of jobs — except if they are in the booming West. The think-tank's consumer confidence survey slid one point to 85.9 in July, the third month in a row that it has fallen.
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  FEATURED COMPANIES
Making First Impressions Count

Our newly designed reflective posts have been unleashed into your neighborhood, keep a eye out for them.
MORE
Agents Equity
This unique Internet service lets you receive advance payment of your real estate sales commission before closing for immediate access to the money you've earned. MORE


Mayers: Why the low-interest-rate trap is worrying
Brampton Guardian
At a recent Toronto briefing by two senior mutual-fund managers with Fidelity Investments, the subject of inflation, interest rates and market bubbles came up. After 68 months of central bank interest rates at or near zero in North America and Europe, increases seem to be a year or two away. Inflation is modest but showing signs of stirring. Ontario is Canada's inflation hotspot, where the provincial rate stood at three per cent in June.
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Real estate agents for older adults are part broker, part therapist
The New York Times
"We're like a surrogate child," said Susan Devaney, one of about 15,000 brokers in North America who are considered Seniors Real Estate Specialists, a designation that can be obtained online or in person. It has become a necessary role, especially in an era when family members don't always live near one another and are unable to assist with moving — or when their involvement adds too much emotional freight to an already tense situation. In this instance, the agent or "senior move manager" takes on many of the responsibilities traditionally handled by family members or offspring.
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FEATURED ARTICLE
TRENDING ARTICLE
MOST POPULAR ARTICLE
How the real estate industry benefits from Twitter
International Business Times
A new report in The Wall Street Journal noted that Twitter is underutilized by a majority of real estate professionals in promoting their listings, with most realtors sending out an average of only 0.5 tweets per day.

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Are these the worst real estate agent photos EVER?
Yahoo!
All too often home hunters are faced with a property that appeared far superior in estate agent photos than in reality. However, some are more than happy to eschew camera trickery and clever angling to present a warts and all representation of a property.

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Have you registered for the next REIC Course being offered at BREB?
BREB
A new two-day course brought to you by REIC and BREB. Date: August 11 & 12, 2014 (Monday & Tuesday) Location: Brampton Real Estate Board, 60 Gillingham Dr. Brampton, ON, L6Z0E9 Time: 9:00 a.m. – 5:00 p.m.

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Stick to your budget when buying a home
Toronto Star
Real estate is definitely a hot-button topic these days. In some parts of the province, we continue to hear about bidding wars and sales that go well over the asking price. What's important to remember is that it's only the highly unusual sales that make the news: homes that go significantly over asking or generate a high number of offers. The vast majority of sales don't generate this type of activity or hype.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

   


Report: Ontarians recognize importance of budgeting before buying a home
NorthumberlandView.ca
Ontarians planning to buy a home in the next two years say they will create a budget to help save for a down-payment (40 per cent), followed by cut costs (36 per cent) and earn more money (36 per cent), according to new research from the Ontario Real Estate Association (OREA). Released in July, The Ontario Home Ownership Index, a semi-annual province-wide research study commissioned by OREA and conducted by Ipsos Reid, reflects on Ontarians' outlook of the residential real estate market, their real estate plans and market trends.
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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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