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REIC and MREB launch partnership to advance professionalism in real estate industry
MREB
The Real Estate Institute of Canada (REIC), a leader in advanced education in real estate, and The Mississauga Real Estate Board (MREB), are pleased to announce a joint partnership to deliver quality advanced education to real estate professionals in the Mississauga region.
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Mississauga hires new director of transportation and infrastructure planning
Mississauga.com
The City of Mississauga has appointed Helen Noehammer as director, transportation and infrastructure planning. Noehammer will be responsible for managing all business functions of the Transportation and Infrastructure Planning Division. "Helen's background and experience will be beneficial to the City as we continue to urbanize and deal with more complex high density development," said Martin Powell, commissioner of transportation and works.
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Toronto developer eyes Westmount Square for condos
Westmount Examiner
A real estate developer is hoping to transform a Westmount Square tower into luxurious condominiums. The Examiner has learned that Elad Canada wishes to convert Tower 1 into condos. Elad Canada owns the Westmount Square property. The city of Westmount, however, doesn't see eye to eye with the Toronto-based developer.
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Condo market in Ontario heats up
Net News Ledger
When it comes to choosing a new home, growing numbers of Ontario home buyers are opting for a condo. While the average detached home is still the standard for prospective homebuyers in Ontario, many Ontarians are turning to the condo market for their future residential needs, according to a new survey conducted by Ipsos Reid on behalf of the Ontario Real Estate Association and The Ontario Home Ownership Index.
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Development charges increases could impact new home prices
Caledon Enterprise
Local school boards have approved dramatic increases to education development charges (EDC) that will likely have some impact on new home prices in the region. Both the Peel District School Board and the Dufferin-Peel Catholic District School Board approved new EDC bylaws that set charges to land developers building new homes in Peel. The resulting revenue is used to help school boards purchase land for new schools.
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Windsor's housing market posts strong June sales
The Windsor Star
With the average sales price on the rise, the Windsor area's housing market posted its strongest June sales since 2011, according to the Canadian Real Estate Association. On a seasonally unadjusted basis, residential sales last month totalled 526 — up from 497 in June 2013, said Gregory Klump, chief economist at CREA.
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Hamilton leads yearly housing price increase
CBC News
The Canadian Real Estate Association says home sales in June rose to their best pace since March 2010 — and Hamilton led the increase. The association says sales through its Multiple Listings Service were up 0.8 per cent from May. The increase came as sales were up in about half of the markets tracked last month with the Vancouver region and Montreal leading the way.
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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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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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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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Ontario housing starts on steady path in June
Daily Commercial News
Housing starts in the Ontario region remained steady in June at 56,207 units, compared to 56,001 units in May, according to Canada Mortgage and Housing Corporation (CMHC). "Multiple unit starts, which include apartment construction, were responsible for the pull back in housing construction in Ontario during June," said Ted Tsiakopoulos, CMHC's Ontario Regional Economist.
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Ontario Liberals may sell LCBO, other key assets
Huffington Post
Ontario's opposition parties said the Liberal government is not being honest with people about its plans to "maximize" the value of provincial assets like the Liquor Control Board, Ontario Power Generation and Hydro One. The provincial budget talked about "unlocking" value from government assets, while the Liberal re-election platform stated they would generate $3.15 billion through "asset optimization."
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    The first 3 questions for first-time buyers (Toronto Star)
Survey: 70 per cent in their 20s don't consider a mortgage a debt (Toronto Star)
'HGTV effect' pushes home renovation spending to record $63 billion (The Vancouver Sun)

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Real Estate Update
Frank Humada, Director of Publishing, 289.695.5422
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