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Upcoming Professional Development Courses in Mississauga
MREB
Sept. 16: Social Medial Marketing
Sept. 30: Multicultural Training
Oct. 7&8: Accredited Buyer's Representative
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Four candidates ready to square off in Mississauga mayor debate
Mississauga.com
The Mississauga Real Estate Board has organized a mayoral debate featuring four of the candidates seeking to become the next mayor of Mississauga. The debate, which is being presented by the real estate board in partnership with The Mississauga News and Rogers TV, will take place in the Council Chambers at City Hall. The debate will be shown on the video screens in Celebration Square and will be broadcast by Rogers, according to MREB executive officer Donna Metcalfe.
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InterRent purchases Mississauga property for $39.5 million
Ottawa Business Journal
Ottawa-based InterRent Real Estate Investment Trust announced it is purchasing a Mississauga property for $39.5 million. The one-highrise, 13 low-rise property will add 232 suites to InterRent's portfolio. The property will be financed through a new conventional first mortgage with a going-in capitalization rate of 5.3 per cent.
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Home ownership provides foundation for security
London Free Press
Home ownership has always been an important goal for most Canadians. More than 70 per cent of Canadian families own their own home. A Statistics Canada survey shows that the single largest asset for the majority of Canadians is their principle residence. Research also shows that people who own their own home generally have a higher net worth than those who do not. Traditionally, home ownership is the foundation for long-term financial stability and security.
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Building permits unexpectedly spike in July as residential intentions skyrocket
Business in Canada
Building permits unexpectedly rose from June to July, another signal that Canada's high-flying housing market shows no signs of slowing down. According to Statistics Canada, the value of building permits issued in July spiked 11.8 per cent month-over-month to $9.2 billion, the fourth consecutive monthly increase. The consensus estimate was for a decrease of 5 per cent month-over-month.
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Low mortgage rates will continue to fuel Toronto home sales
The Globe and Mail
Toronto's sizzling summer real estate market appears set to remain hot right through the fall. John Andrew, a professor at Queen's University, is watching with interest for the August numbers that the Canadian Real Estate Association will report in the coming days. Low mortgage rates fuelled property sales in cities across Canada, with Toronto, Vancouver and Calgary seeing the most action, he says.
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Quirky tactics that agents sometimes use to sell homes
Toronto Star
When you choose a real estate agent, the decision should be about more than the cost of their commission. It should be also be about their ability to market your home to the widest possible group of potential buyers. While you have to beware of gimmicks, what you're looking for is creativity and techniques that stand out from the pack. Here are a few examples.

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High prices tempt sellers but where do you go?
Toronto Star
Reports of ever-increasing home prices may have some of us wondering what our own homes could sell for in today's market; I have done it myself. But, if your motivation for selling is solely based on a desired price, there are factors you should consider before you decide if the "for sale" sign should really go up in your front yard. To get a better sense of market conditions in your area, consider reaching out to several local real estate professionals who are familiar with your neighbourhood.

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Tax credits help with home renovations
Times Colonist
Canadians looking to renovate their residential real estate have access to a number of government programs that can make the costs a little less burdensome. The residential renovation industry in Canada has been on a steady incline for almost two decades, doubling since the late 1990s. A recent report by the Altus Group shows that Canadians' total spending on home renovations rose to $63.4 billion in 2013 from $61.5 billion in 2011 and is forecast to hit $65.2 billion this year and $67.3 billion in 2015.

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Mississauga home sat for months until staging brought buyers calling
The Globe and Mail
Just down the street from Castlebridge Public School and Castlegreen Meadows Park in Mississauga, this detached property sat vacant for months without much interest from buyers. Yet it sold within weeks in the hands of another agent who had it professionally painted, furnished and photographed for a pleasing effect that captivated about 20 serious buyers.
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New home prices up in Hamilton, unchanged across Canada
CBC News
Statistics Canada says its new housing price index for July remained unchanged from June after a 0.2 per cent increase the month before. The agency says higher monthly prices in eight metropolitan areas, including Hamilton, offset lower prices in seven areas. It says the St. Catharines—Niagara and London areas posted the largest monthly price gains. Prices were also up in Hamilton, Kitchener — Cambridge — Waterloo and Calgary.
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The key to real estate investing? It's all local
Financial Post
Investors, even professional ones, have a tendency to lump real estate investments into one bucket, but that is unhelpful when allocating investment dollars and assessing how risk is spread across a portfolio. There are four distinct types of real estate if determined by how it is used: residential, office, industrial and commercial. Each of these can be further subdivided into more specific categories. Residential, for example, could be single-family homes, multifamily complexes (townhouses and low-rise apartments), condominiums and apartment buildings.
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Be aware of extra costs when moving
Toronto Sun
Given the fact that tens of thousands of homes change hands throughout the Greater Toronto Area each year, it's easy to forget that buying a home is a complex process to which the phrase "the devil's in the details" aptly applies. It is one of the many reasons why each year close to 200,000 homebuyers and sellers choose to work with a Greater Toronto Realtor, who can offer advice on all of the details that are important to keep in mind, from protecting your interests with offer clauses to changing the locks once the process is complete.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Real estate scams: How to avoid falling for one (CBC News)
Buyer beware: What you need to know before buying a condo (City News)
Bidding war homebuyer beware: Appraisers may not be as eager (CBC News)

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Real Estate Update
Frank Humada, Director of Publishing, 289.695.5422
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