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Mississauga council rejects CN hub in Milton
Toronto Star
In a rare move, Mississauga council is taking a strong stance on an issue that is currently dividing the neighbouring municipality of Milton, by symbolically voting against the construction of a massive CN distribution centre being planned there. "We wanted to support our neighbours," said Mississauga Councillor Sue McFadden, who brought the motion forward at council.
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Hume: GTA city planners need a reality check
Toronto Star
If you think living in the present is tough, imagine spending your life in the future. That's what city planners do, and perhaps too well for their own good and ours. The point was made in dramatic fashion when the Urban Land Institute hosted a gathering of senior planners from the Greater Toronto Area. Meet the Chiefs, as the event was titled, attracted representation from Toronto, Mississauga, Uxbridge, Whitby, Vaughan and Burlington, to name a few.
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Mississauga hikes MiWay fares
Toronto Star
It will cost more to ride Mississauga's MiWay buses starting April 27 when a fare increase kicks in on most rates except those that apply to high school students and children between 6 and 12. The hike means cash fare riders will pay $3.50. Adult ticket and Presto users will spend only 10 cents more, however. The monthly adult pass increases $5 to $125. Seniors will also see a 5-cent increase on tickets and a $5 increase on the monthly pass, which will go up to $57.
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Toronto detached housing prices soar well past $1 million in seller's market
Financial Post
It's not even close anymore, Canada's largest housing market is clearly in sellers' territory, the Toronto Real Estate Board said recently. The Greater Toronto Area had 8,940 sales in March, an 11 per cent increase from a year ago. The average sale price of all housing types across the GTA reached $613,933 while the average price of detached homes in the city of Toronto rose 15.9 per cent from a year ago to $1,042,405.
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'Soft landing' in housing market underway, condos headed for lengthy 'stagnation'
Huffington Post
The long-awaited "soft landing" for Canada's housing markets has arrived, though it's more of a "harder" landing in Alberta and Saskatchewan, the Bank of Montreal says in a new report. "Canadian home price gains are now almost purely a two-city phenomenon," BMO senior economist Robert Kavcic wrote, referring to Toronto and Vancouver.
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Baby boomers fuelling sales of luxury homes in big Canadian cities
Financial Post
Baby boomers continue to drive sales in the luxury real estate market, upsizing their homes while also helping their Gen-Y offspring with home purchases, according to a new report. The study by Sotheby's International Realty Canada, which involved interviews with leading realtors in specific markets, examined generational differences between buyers of luxury real estate in Toronto, Vancouver, Calgary and Montreal.
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BMO: Condo living will be the new normal in Ontario
BNN
The already expansive price gap between condos and detached housing in the Greater Toronto Area (GTA) will continue to expand towards the end of the decade as new detached development is squeezed against the walls of the protected Greenbelt and overwhelmed by mature millennials looking for backyards. That's according to a new study from the Bank of Montreal examining how changing supply and demand dynamics will shape housing in the GTA.
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Cities 'learn' their lesson on development
Mississauga.com
No doubt universities and colleges have huge demographic and cultural impacts in the communities where they are located. However, a more difficult element to quantify is if that impact is the result of planning or organic integration. Mississauga is home to two post-secondary satellite campuses, Sheridan College's Hazel McCallion Campus (HMC) and The University of Toronto's Mississauga campus (UTM). Both schools have undergone or are in the midst of major upgrades. The explosion of new construction is helping turn Mississauga into an education hub.
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Canada's mortgage wars hit new low as fixed rate dips to 1.49 per cent
Financial Post
A Toronto-based credit union has upped the ante in the spring mortgage rate market wars. Though the term is only for 18 months, Meridian, Ontario's largest credit union, has offered what appears to be one of the lowest rates ever on fixed term at 1.49 per cent. Rob McLister, the founder of ratespy.com, said he thought the new promotion from Meridian might have been a misprint at first. "Now we can say spring market is officially underway," he said. "This is interest rate insanity."
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New home builders recognized for excellence in customer service
Exchange Magazine
Tarion Warranty Corporation announced the finalists for the 2015 Tarion Awards of Excellence, the only awards in Ontario that recognize new home builders based solely on their customer service delivery. "New home builders are building beautiful homes and communities across Ontario, but their jobs don't stop there. A great home builder ensures their customers feel supported long after they've settled into their new home," said Tarion President and CEO Howard Bogach.

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Flood of new Toronto home listings expected
The Globe and Mail
House hunters in Toronto despondent about the scant supply of houses on the market will find a sudden surge in listings now that March break is over. "I just listed my neighbour's house for $1.6 million," Wilfred Veinot of Sutton City Realty Inc. said between appointments. Sellers who list in January and February won’t attract as many families because a closing date three or four months away would come too soon.

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Real estate regulator aims to crack down on dubious practices
The Globe and Mail
With friends in the real estate industry, Jonathan James had long heard horror stories about heartbreak of bidding wars. But it hit home when Mr. James, a mobile software developer, found himself in a battle of his own with one other potential buyer for a house in Toronto. What's more, the other offer came through the same agent who was selling the house.

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First of many wood-frame buildings going up in Ontario
RenX.ca
The City of Hamilton's building division has issued Ontario's first six-storey wood-frame building permit, following a change to the Ontario Building Code that took effect on Jan. 1, and more are expected to follow in short order. "I think they'll start coming pretty quickly," Residential Construction Council of Ontario president Richard Lyall said after the change in the Ontario Building Code raised the height limit for multi-residential and commercial wood-frame buildings from four storeys to six.
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Real Estate Update
Frank Humada, Director of Publishing, 289.695.5422
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