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Regional council approves Peel's 10-Year Housing and Homlessness Plan
Region of Peel
Regional Council approved Peel's 10-Year Housing and Homelessness Plan — a community strategy which aims to improve the availability of safe, affordable, accessible, and appropriate housing in Peel. With implementation beginning in 2014, the Plan will design an integrated housing system that adapts to changing needs at every stage or circumstance in a resident's life.
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In a slow season, opportunity knocks
The Globe and Mail
Tradition has it that Toronto's fall real estate market succumbs to the first dusting of snow. As of late, agents were taking fewer calls for new listings. The squalls that recently hit the Greater Toronto Area pretty much finished off the 2013 market.
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New home build pushes envelope in energy efficiency
Daily Commercial News
A new, energy efficient house unveiled earlier this fall in the Niagara Region is setting the construction management and technology bar for Toronto-based home builder Great Gulf. "It's a concept house for us," says Tad Putyra, Great Gulf's president and chief operating officer, noting many of the concepts and technologies used eventually will find their way into other housing construction.
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Tarion: Buyers may not be able to sue for claims after new home warranty expires
Move Smartly
A recent court decision raises the thorny issue of whether it should be legal for builders to restrict the ability of new home and condo purchasers from suing them for deficiency claims exceeding the limits of the Tarion new home warranty.
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Meet the interest rate that really affects your life
The Globe and Mail
When it comes to interest rates, most of the attention is on the Bank of Canada's overnight rate, which governs short-term lending. But it's long-term fixed income rates that have the most affect on people's wealth. Rising five-year, 10-year and 30-year yields impact everything from mortgage rates to portfolio returns.
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Home affordability worsens in third quarter
Brampton Guardian
Higher prices and an increase in mortgage rates have made home affordability more of a problem for the average Canadian family, says a new report from the Royal Bank of Canada. RBC's latest research on the portion of average household income needed to maintain a home shows that affordability deteriorated over the summer, the second consecutive drop in as many quarters.
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Fake real estate ads prey on buyer desire for home deal
CBC News
An Ottawa woman says she was shocked to learn the condo she was selling online was also being offered on another website at a deeply discounted price, part of a complicated scam targeting unsuspecting home buyers. Julie Gutteridge is selling her upscale downtown Ottawa condo for about $260,000, and placed ads with real estate website Grapevine and online classified advertiser Kijiji.
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According to the IMF, Canada has the most overvalued housing market in the world
Financial Post
While housing markets across the globe slowly recover, it's no great secret that some seem crazy overvalued. Take London, for example, where asking prices jumped 10 per cent in October alone and foreign buyers are swooping in to buy. Hites Ahir and Prakash Loungani at the International Monetary Fund are out with a new report that puts global housing markets in perspective.
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More density downtown will cut down on gridlock
Toronto Star
When last we heard, the Pembina Institute and the Royal Bank were reporting that most suburbanites — 70 per cent — had moved to the hinterland because it was the only place they could afford. "Households are being driven to car-dependent locations," they said, "mostly because of price rather than neighbourhood preference."
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From cramped space to clean lines
The Globe and Mail
Every home buyer has, firmly engrained in his or her brain, a wish list of elements — some "nice to have" and some "can't live without." The challenge is finding that elusive home that fits both the budget and the list.
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Real estate investing: Top 5 expensive mistakes and how to avoid them
NewsFix
The greatest wealth creation vehicle in world is Real Estate. But, like any business venture, real estate investment has potential pitfalls around every corner. However, most of them can be controlled if they are identified.
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Ottawa imposes risk fee on CMHC mortgages
Global News
The federal government is imposing a "risk fee" on CMHC for new issuances of high-risk mortgages starting next year — a fresh indication that Finance Minister Jim Flaherty is unhappy with the risk to taxpayers posed by Canada's hot housing market. The fees of 3.25 per cent applied to the Canada Mortgage and Housing Corp. on new premiums written, as well as a charge of 10 basis points on new portfolio insurance, is expected to cost the housing agency about $50 million a year.

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Typhoon Haiyan Relief: Philippines
BREB via Canadian Red Cross
In response to the overwhelming need and the ongoing work of rehabilitation, Tessie Lagtapon, a member of the Brampton Real Estate Board, Ontario, Canada, on behalf of the Filipinos in the Visayan Islands of Leyte, Cebu and Panay who were devastated in the aftermath of Typhoon Haiyan, is enjoining everyone to donate to The Canadian Red Cross Society to assist them in the heavy and arduous task of re-building their lives.

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Condo culture: Locked out for arrears? Threatened with worse? Know your rights on missed fee payments
National Post
My brother was recently locked out of his condo by the board of directors/management because of his late condo-fee payment. They finally allowed him back in his condo but gave him a warning that next time the locks would be changed. Is this legal procedure to lock owners out over a late condo-fee payment?

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REITS squeezed out as private buyers scoop up Canadian real estate
Financial Post
Real estate investment trusts, hampered by falling unit prices, have been squeezed out of the commercial property market over the last quarter by private investors, a new report shows. CBRE Limited, which provided an advance copy of its latest data to the Financial Post, suggests things are not going to get much better for REITs in the coming year either.
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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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