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The Business Education Centre now offers 'Summer Discounted Package' on various courses being offered at the Board

MREB

For details visit www.mreb.ca/education
or call the Board Office at 905.608.6732
contact M.K. Areola, Ext.-21

INVESTORS AND PUBLIC ARE WELCOMED TO ATTEND
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Survey: 70 per cent in their 20s don't consider a mortgage a debt
Toronto Star
While most Canadians want to be debt free, those carrying mortgages feel more comfortable owing money than previous generations, according to a survey. But that may have something to do with how they define being debt-free, which varies by age, the survey by Manulife Bank of Canada found. Nearly 70 per cent of respondents in their 20s said they could have an outstanding mortgage and still be debt free, compared to just 29 per cent of respondents in their 50s.
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'HGTV effect' pushes home renovation spending to record $63 billion
The Vancouver Sun
It could be just the impact of all those home-renovation television programs, but Canadians are fixing up their properties like never before, according to a new report. "Willingness, at least in part, can be attributed to what is sometimes referred to as the HGTV effect," Toronto-based real estate consultants Altus Group said, referring to the television station HGTV Canada that launched in 1997 with an emphasis on home renovation.
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The first 3 questions for first-time buyers
Toronto Star
Buying your first home can be like piecing together a puzzle. In the beginning, you may not know where to start. But as you become informed, all of those seemingly small yet critically important pieces will begin to come together. Here are three first-time homebuyer questions that you may not have considered.
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World's most advanced energy-efficient SMART Community planned for London, Ontario
Daily Commercial News
Sifton Properties and S2E Technologies recently announced the signing of a partnership agreement that will start the development of the first state-of-the-art SMART Community called "The Village at RiverBend" in London, Ontario. The Village at RiverBend will be built on an energy-producing "smart grid" designed to enable the buildings themselves to generate and share all the energy that the community will need for everyday life and work activities.
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Expand your horizons if it's a house you want
Toronto Star
Have you taken a drive across the 905 and learned first-hand just how scarce the supply of new detached homes really is in the GTA? And that no matter how far out you go, it seems you still can't afford one? Well, it could be time to expand your horizons even farther afield, out into the Greater Golden Horseshoe, or GGH. It's the bustling region that forms a horseshoe-like shape around Lake Ontario, from Niagara Falls out to Kitchener-Waterloo and east across the GTA to Peterborough.
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New realtor agreements aim to clear up confusion for homebuyers
Global News
Those in the market for a new home are being warned to anticipate some extra paperwork. Soon, anyone using a realtor to search for homes will have to sign a written contract outlining responsibilities, a timeline and who pays fees. The hope is it will help eliminate any confusion caused by verbal agreements.

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Booming real estate market helps Toronto post $168 million surplus for 2013
The Globe and Mail
Toronto's booming real estate market generated more cash than expected for the city in the form of land transfer taxes and development fees, contributing to a $168 million surplus for 2013. The final budget numbers were released, as the municipal election campaign is gaining momentum, with Mayor Rob Ford officially announcing he will return from rehab at the end of the month.

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Price gains for Toronto's luxury condos lag their neighbourhoods
The Globe and Mail
People who have bought condos in some of Toronto's swankiest buildings in recent years have often done worse, from a price appreciation point of view, than they would have if they bought more modest homes in the neighbourhood. There was a boom in luxury condo construction in Canada's most populous city roughly five years ago, with buildings such as The Ritz-Carlton, The Shangri-La, and Trump International Hotel and Tower bringing a new style of accommodation to the city, one that enabled residents to live much like hotel guests.

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Sudbury cottage market among 'most affordable' in Ontario
Northern Life
RE/MAX released its annual Recreational Property Report, identifying price and other trends in 41 recreational property markets across Canada, including Sudbury and Thunder Bay. Among the key national findings are that price increases in popular urban residential markets has had a spillover effect on nearby recreational property sales and that more people are buying properties to work remotely over the summer or are setting up properties for year-round use.
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Know your cottage's shore road allowance
Toronto Star
Cottage season is in full swing on this Canada Day weekend, and it's a busy season for real estate agents in holiday country. Buying a summer home in cottage country, unlike a city real estate transaction, makes road access and waterfront issues of critical importance. At a Law Society program presented to 1,400 real estate lawyers this past April, Bracebridge lawyer Nathalie Tinti discussed why shoreline road allowances are so important in cottage purchases.
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London-St. Thomas real estate market surging
London Free Press
A huge spring spike in London-­area home sales — the likes of which realtors haven't seen since before the recession — begs the question: Does all that home-buying add up to another sign the region's hard-hit economy is finally pulling out of the doldrums? Maybe, maybe not, observers say. Housing sales can be a strong indicator of where an economy is headed, making the spring results stand out.
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Missed last week's issue? See which articles your colleagues read most.

    New realtor agreements aim to clear up confusion for homebuyers (Global News)
GTA house listings pick up in June, but so do sales (Toronto Star)
10 tips for first time real estate investors (Toronto Star)

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