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Mississauga passes new storm water tax with higher fee for larger homes
Metro News
A new Mississauga levy for storm water management based on the size of homes has been approved to start in 2016, but owners of houses won't be eligible for the relief available to businesses and highrise residents. Businesses and highrise buildings will be able to cut their storm water charge by up to 50 per cent if they reduce the amount of run-off entering the municipal storm system.
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Selected GO buses through Mississauga get free Wi-Fi
Mississauga.com
Ten buses along GO Transit's Highway 407 West service and on GO bus route 25 through Mississauga and Waterloo have been selected for a pilot to provide free Wi-Fi on the GO bus system. The pilot will run at least six months and will solicit customer feedback, measure demand and evaluate technical requirements. Mississauga-Brampton South MPP Amrit Mangat said this announcement will be welcomed by her constituents as they travel to work, to school and to appointments.
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Mississauga and Brampton rise on best places to live list
Mississauga.com
It's been up and down and then up again over the past few years when it comes to Mississauga and Brampton's rankings on an annual list of the best places to live in Canada. MoneySense magazine has just released its list that ranks 209 Canadian cities and towns and both Mississauga and Brampton have risen a bit compared to last year. In 2014, Mississauga came in at No. 72 and this year it sits at No. 61. Brampton rose to No. 154 after being No. 166 last year.
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Sacrifices part of GTA home-buying decision
Toronto Star
New homes in the GTA come in a variety of forms, sizes and prices to meet a range of housing needs across the region. The top three new-home product types being created by GTA builders today are the apartment condominium, detached house and townhouse. While the supply of new home choices has shifted over the last decade — away from detached homes and toward apartment condominiums as a result of provincial intensification policies — prices of these new homes are rapidly rising, imposing affordability constraints on buyers and impacting the choices they have on the market.
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GTA's hot housing market: Potential buyers line up days early at sales office
CTV News
In a competitive housing market where the average price of a detached home in Toronto recently topped $1 million, some potential buyers in the Greater Toronto Area are going the extra mile to ensure they have a place to call their own. In Aurora, ON, interested buyers showed up days early at the Fieldgate Homes sales office, which opens on Saturdays. The real estate developer is offering newly built townhomes starting in the low $600,000.
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Why the sky still isn't falling on Canada's real estate market
Financial Post
American economist Paul Samuelson back in 1966 famously said of the predictive power of stock markets that "Wall Street has correctly predicted nine out of the last five recessions." These days, you could say much the same thing, in a different way, about the Canadian housing market. Media and some economists have been dutifully predicting a crash in house prices every year since at least since 2010. Yet every year, the market continues to go up, seemingly defying gravity.
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At $1.11 million, Toronto's detached home is climbing further out of reach
Financial Post
Forget about living in the Greater Toronto Area if you're a first-time buyer who wants a detached home. The average detached home in the city shot past $1 million in February and the Toronto Real Estate Board says the price has climbed another 15 per cent in the four months since then. Indeed, you may have to swap the GTA for GGH, the new acronym being thrown around by those in the realty business. It stands for Greater Golden Horseshoe: the sprawling area of Southern Ontario that extends to the U.S. border and is home to about a quarter of the Canadian population.
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Hamilton housing still 'one of the tightest markets in Canada'
CBC News
Not satisfied with the record it set in April, the local housing market had yet another record-setting month in May, with 1,810 properties sold in Hamilton and Burlington, according to the latest stats collected by the realtors' board. That was 9.4 per cent more sales than the same month last year, and more than 100 over April's 1,699 sales record.
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Toronto house prices hit another unbelievable record
Huffington Post
Canada's economy may have been in the doldrums in the early months of this year, but you'd never know it looking at Toronto's increasingly frenzied real estate market. The price of a single-family home jumped by 18.2 per cent in the past year, according to new data from the city's real estate board. The average price for a standalone home in the city was $1,115,120 in May of this year, up from $943,055 a year earlier, the result of a worsening shortage of single-family homes in the city.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Sousa: Ontario trying to play fair with transit funding (Mississauga.com)
It's crunch time for Toronto's home sellers and home buyers (The Globe and Mail)
GTA house prices up 10 per cent in April (Toronto Star)

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Real Estate Update
Frank Humada, Director of Publishing, 289.695.5422
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Joanne Lam, Content Editor, 289.695.5474   
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