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BREB Expo 2013
BREB
Back by popular demand, the Brampton Real Estate Board (BREB) is pleased to announce that we will be hosting our second annual BREB Expo. This event will take place on Wednesday, Oct. 9th, 2013 at the Pearson Convention Centre located at 2638 Steeles Avenue East in Brampton, ON. Attendance is FREE for all REALTORS®! Book online at www.breb.org/events. Call 905-791-9913 or email education@breb.org.
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FINTRAC: Updated form
CREA
As a result of feedback from members and FINTRAC, CREA has updated its risk assessment form to make it easier for brokerages to comply with their obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (Regulations). The Regulations require brokerages assess and document their threats and vulnerabilities to money laundering and terrorist financing at least once every two years.
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Real estate: 5 signs that you are in over your head
Financial Post
The question you must ask yourself, says Toronto psychotherapist Allen Fraser, is "should I admit that it is not going to work?" Here are five clues that you have more house than you can afford.
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Ontario court says licences are not 'real estate'
Real Estate Magazine
In 1951 the Supreme Court of Canada restricted the reach of Ontario's Real Estate and Business Brokers Act (REBBA) when it decided that REBBA does not apply to the sale of shares of a business. The Supreme Court found that the legislation was artificial and greatly extended. The lower courts have continued to restrict REBBA's reach.
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The suburbs aren't the best place to grow old
MoneySense
Too many home buyers neglect the realities of aging when choosing a place to live. Urban, not suburban, areas tend offer the widest range of services and amenities for retirees. Access to transportation, medical services, non-big-box shopping and entertainment are limited in most outer suburbs. Eventually they will need many of these services but will hesitate to move from a community where they have roots.
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As City of Toronto sells off its homes, buyers see $$$
The Globe and Mail
The houses are the very definition of "as is." Most are dilapidated and untidy — some are downright squalid. And almost all of them have sold well above the asking price with a handful of bidders competing for the chance to rip up the tile floors and tear out the old bathtubs.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

   


'I have a feeling for a good deal and a bad deal'
Toronto Star
Joseph Lebovic doesn't want to talk about himself. Self-promotion, he says, does not become him. After 60 years of building communities across the GTA, Lebovic prefers to let his reputation do the talking. But the man behind the bricks couldn't duck the spotlight earlier this year when the Building Industry and Land Development Association gave him a Lifetime Achievement Award in recognition of his work as a builder, community leader and philanthropist.
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Fitch says Canada's big banks can withstand housing price correction
Yahoo!
The Fitch ratings service says it believes Canada's big banks can likely withstand a moderate to severe housing downturn — but they would feel the pinch. The Chicago-based service says Canada's biggest six banks — TD, RBC, Bank of Montreal, CIBC, Scotiabank and National — all have equity ratios well above what is required under the new Basel III requirements.
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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.
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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


Court finds sale not closed if the building permit is open
Move Smartly
Two recent decisions of the Ontario Superior Court have determined that an open municipal building permit — where the city has not closed its file — constitutes a serious title defect allowing a purchaser to back out of a real estate transaction.
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REITs take a back seat in real estate market
The Globe and Mail
There is a shift taking place in the commercial real estate industry, with real estate investment trusts hunkering down and pension plans and private equity funds picking up the slack. The hammering that REITs are taking in the market is weighing on their appetite to buy real estate, from office buildings to shopping malls to apartment buildings and factories.
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FEATURED ARTICLE
TRENDING ARTICLE
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Development charges are tax on new neighbours
Toronto Star
For most of my career, I worked for municipalities such as North York, Toronto and York Region. I understand that in Ontario, this level of government only has three primary sources of revenue: property taxes, user fees and development charges. The problem today is that the proportion of revenue from each of these sources has become increasingly unbalanced.

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Emerge 'Moving you Forward with the Tools for Tomorrow'
BREB
Emerge "Moving you Forward with the Tools for Tomorrow" is a dynamic new conference series being offered by the Ontario Real Estate Association (OREA) in six locations across the province this fall. BREB encourages you to register at www.orea.com/emerge to learn about the latest tools and technologies in the real estate market place.

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Canada building permits drop: Market slowdown or return to reality?
The Wall Street Journal
Building permits in Canada slumped in June, snapping a five-month winning streak. So what's behind the drop? Some market watchers say declining permits in the country's residential sector may be a sign that higher mortgage rates are biting into demand for housing, while others say it's just a give-back from the sharp gains posted in prior months.

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Snap a shot this summer
The Chronicle Herald
Pictures say many things about your property. Most of all, they give potential buyers a glimpse of what your home is like year-round. Having pictures of your home, in all its glory and in every season (and not just the season you list in), can be a great tool when you are ready to sell. Realtors know that "pix-appeal" is as important as "curb appeal," since so many buyers start by looking at houses online these days. If you decide to list your home, you will stand out by showcasing the property when it is at its peak in spring, summer, fall and winter.
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Canada's housing market: The one that no one can predict
Financial Post
Another month of housing data is guaranteed to produce one thing: more arguments about where the market is going. Statistics from the Ottawa-based Canadian Real Estate Association show actual July sales were up 9.4 per cent from a year ago while average sale price nationwide rose 8.4 per cent to $382,373 during the same period.
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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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