Real Estate Update

 

December 4, 2017

 

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What if the home inspection came first?

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REM
Pre-listing inspections are not new to real estate transactions but may become more popular with today's competitive market. Traditionally our homes get inspected when there is a for sale sign on the front lawn and the house is open for the public to view. Some homeowners do prep their house for sale but typically in the form of staging, so it looks nice and appeals to your first impression.  READ MORE

New development could takeover long-standing strip mall

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Insauga
Mississauga is no stranger to change and it looks the ever-growing city could welcome another new housing development in the future — one that could prompt the demolition of a long-standing strip mall in a residential neighbourhood. A commercial plaza located at 3355 The Collegeway, just off of Ridgeway in the city's west end, could be torn down in the future to make way for a proposed housing development.  READ MORE

Millennials' demand for affordability driving housing agenda

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Globe and Mail
Millennials are fast becoming a "political powerhouse" and affordable housing, in all its forms, is high on their agenda. This was the message from generational change consultant David Coletto at Calgary's Opening Doors conference, held recently by the city's affordable-housing community to mark National Housing Day.  READ MORE

Veritas: Economic impact of mortgage stress test nothing to 'laugh at'

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BNN
The head of one of Canada's largest independent equity research firms is warning Canadians may be underestimating the economic impact of tighter mortgage regulations. In an interview on BNN, Veritas Investment Research President and CEO Anthony Scilipoti said the impact of the Office of the Superintendent of Financial Institutions' move to stress test uninsured mortgages, known as B-20, may deliver a significant hit to economic growth.  READ MORE

The mortgage rule changes that need to be changed

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Move Smartly
On Jan. 1, 2018, our regulators will implement a sixth round of mortgage rule changes as part of their ongoing attempts to slow our economy's rate of mortgage debt accumulation. While I agree in principle with their instincts and with their earlier changes, I take issue with their most recent methodology.  READ MORE

4 growing commercial hubs in Toronto

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Canadian Property Management
The Greater Toronto Area (GTA) is expected to be Ontario's fastest-growing region over the next 25 years, one factor that will fuel commercial development in major transit nodes now being built. A new report by Avison Young titled Transit Nodes of Tomorrow: Development Opportunities in the Greater Toronto Area, singled out four areas that will see major growth as the population rises and the provincial government invests more in transit infrastructure. They include East Harbour, Vaughan Metropolitan Centre, the Pearson Transit Centre and the Hurontario Light-Rail Transit corridor.  READ MORE

Build your list, build your business

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REM
Email marketing is a great way to stay in touch with past clients and prospects, but it's not enough. You must also continue to build your list by adding new people all the time. Hopefully, you're already doing this online. What about asking "offline" (the good old-fashioned way)?  READ MORE

Make Toronto housing denser, say young professionals

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Toronto Star
Denser is better, say Toronto's highly educated, high-earning young professionals, when it comes to housing. Many would elbow their way into some of the region's established, amenity-rich neighbourhoods if there were more affordable housing options, according to a survey of 18- to 39-year-olds for the Toronto Region Board of Trade.  READ MORE
 

 

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November 20, 2017

 

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Real estate bloopers: Lost lofts and idle offices

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REM
Hello Realtors! You kept me busy with bloopers all summer. Lofts have been getting a lot of your attention these days as selling features, and these listings cracked me up.  READ MORE

Mississauga to transform shopping malls from parking lots to paradise

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Mississauga News
When Mississauga was debating its affordable housing strategy, Coun. Carolyn Parrish floated the idea of creating affordable units above shopping malls. "I think that's an unused source. It's air," she said during the planning and development committee meeting in October.  READ MORE

Condo disputes can now be resolved online

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Toronto Star
Ontario's 1.6 million condo residents have a new avenue for settling disputes in their buildings and neighbourhoods. The province recently launched its first online tribunal to help resolve the complaints that arise in 10,000 condo corporations. The Condominium Authority Tribunal (CAT) provides direct access to mediators and adjudicators in a stepped process that begins with a $25 fee, although to start, it is only looking at issues related to accessing condo records.  READ MORE

Realtor frets about pot damage to homes

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London Free Press
Legalizing marijuana could mean people more people will grow pot, which may hurt real estate sales, say city and national realty ­officials. The looming federal legislation to legalize cannabis use also states people can grow up to four plants at home. But each pot plant can grow to more than six feet and yield four crops a year, posing a risk of water and mold damage inside a home, said Costa Poulopoulos, a London realtor who also is director of the Ontario region for the Canadian Real Estate Association and a board member of the Ontario Real Estate Association.  READ MORE

Self defence: Being aware is the first step

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REM
If you take a self-defence course, will you suddenly be transformed into a lean, mean, fighting machine ready to take on any situation? Are you now able to diffuse any situation and walk out with your head held high, leaving the bad guy lying in a heap on the ground as you smirk and carry on your way? That's wishful thinking. Self defence is messy.  READ MORE

Cancellation of 10-storey Toronto condo tower throws buyers back into pricey market

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Financial Post
The cancellation of a 10-storey Toronto condominium development that has thrust would-be owners back into an increasingly competitive condo market has renewed calls for tighter regulations and more protections for buyers of pre-construction projects. The Museum FLTS condominium cancelled earlier this month is the latest condo project to be shelved. Developer Castlepoint Numa cited lengthy delays in obtaining the necessary approvals, building permits and, in turn, financing, as reasons for the halt.  READ MORE

Toronto-area new housing starts drop 42 per cent in October

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Globe and Mail
New housing starts tumbled in the Toronto region in October as builders slowed the pace of new project construction amid market uncertainty. Canada Mortgage and Housing Corp. said 2,438 new housing units were launched in the Greater Toronto Area in October, a 42-per-cent drop from 4,204 units in the same month last year. Starts were also down 21 per cent over September on a seasonally adjusted basis.  READ MORE
 

 

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The Mississauga Real Estate Board
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November 6, 2017

 

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New high-rise home sales booming in Mississauga

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Insauga
The market for new construction homes in the Greater Toronto Area, including Mississauga and Brampton, picked up in September, primarily driven by sales of multi-family homes, condo apartments in high-rise and mid-rise buildings and stacked townhomes, the Building Industry and Land Development Association (BILD) has announced.  READ MORE

Just one thing makes the difference in your sales success

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REM
In this week's video, author, speaker and trainer Don Hutson shares something called the Slight Edge Principle. The difference between winning the Olympic gold or nothing at all can be a mere fraction of a second; a slight edge one athlete had over the next.  READ MORE

Mortgage brokers, home buyers concerned about new 'stress test' rules

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CBC News
New guidelines that will soon place restrictions on uninsured borrowers looking to secure a mortgage have — as one Ottawa realtor puts it — kicked the pursuit of a home into "overdrive." Earlier this month, the Office of the Superintendent of Financial Institutions (OSFI) released guidelines for the mortgage industry that will take effect on Jan. 1, 2018.  READ MORE

Mississauga neighbourhood ranked one of the last affordable areas in the GTA

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Insauga
If you want to buy a home but you're not a millionaire, there are only so many affordable neighbourhoods left in the Greater Toronto Area (GTA), and even then, becoming a homeowner is difficult if not near impossible — especially with higher interest rates and more vigorous mortgage stress tests.  READ MORE

CREA names Michael Bourque new CEO

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REM
Michael Bourque has accepted the role of chief executive officer of CREA, effective later this year. Bourque is currently the CEO at the Railway Association of Canada (RAC). He has 30 years of experience in public policy roles on Parliament Hill, as a senior federal public servant and in government relations for Bayer and the Chemistry Industry Association.  READ MORE

New mortgage rules expected to heat up Toronto housing before winter chill

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BNN
The sales slump in Toronto real estate is persisting into the fall, but average annual prices across the region are holding up thanks to double-digit price gains in the condo sector. While the industry hoped for, and failed to see, a surge of back-to-school homebuyers, the further tightening of mortgage rules could add some temporary autumn heat.  READ MORE
 

 

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Radek Meljon, MultiView Canada, Vice-President & General Manager, 289.695.5394 | Download media kit
Oliver Kirby, MultiView Canada, Senior Content Editor, 289.695.5401 | Contribute news

The Mississauga Real Estate Board
3450 Ridgeway Dr #1 | Mississauga, ON L5L 0A2, Canada  | 905.608.6732 | Contact Us 

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October 23, 2017

 

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Housing prices on the rise in Brampton and Mississauga

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Brampton Guardian
The GTA housing market continues to favour sellers, with most homes averaging more than 20 per cent in year-over-year growth. This is according to the latest Royal LePage House Price Survey, which highlights average housing prices reported through the third quarter of 2017.  READ MORE

Ontario economy outpacing G7 nations, finance minister says

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Toronto Star
Ontario's economy is growing at a healthy clip, outpacing all G7 nations, according to the province's second quarterly public accounts. From April to June, gross domestic product increased 0.8 per cent, which followed a one per cent increase in the first quarter of 2017.  READ MORE

Using market intelligence to become a trusted advisor

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REM
Richard Robbins uses the latest Toronto sales statistics to explain how to use market intelligence in your conversations with consumers. Use this example in your market so prospects will see tremendous value in you and look to you as their trusted advisor.  READ MORE

Critics say new mortgage rules will push borrowers to unregulated lenders

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Globe and Mail
Canada's banking regulator will move ahead with controversial new mortgage stress-testing rules in an effort to curb risky lending practices at banks, but critics say the changes will drive more borrowers to unregulated alternative lenders and add risk to the financial system more broadly. The Office of the Superintendent of Financial Institutions (OSFI) recently unveiled a final draft of new mortgage qualification rules, tweaking its earlier proposal to ensure home buyers will not have an unintended incentive to sign up for shorter-term mortgages.  READ MORE

Canada housing market rebound seen in mid-2018 as sales rise for second month in a row

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Financial Post
The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market. Canadian Real Estate Association recently said sales through its Multiple Listing Service in September were up 2.1 per cent compared with the previous month. The increase followed a 1.3 per cent increase in August.  READ MORE

4 creative ways to thank your past clients

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REM
As the year wraps up, you want to ensure that your clients continue to think well of your services and remember the good times you had. The No. 1 mistake I witness in both rookie and experienced agents is not using a proper client relationship management system. Your database is your gold mine and you are the one who fills it with treasure. Put the time in now and you will reap the rewards for the rest of your career. With your clients safely managed you can keep important dates scheduled, you can mass email conveniently and you can purposefully make your calls without hesitation.  READ MORE

A $31,000 payout proposed for Mississauga mobile home residents uprooted by redevelopment

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Mississauga.com
A draft transition plan for residents in the Mississauga mobile home park being redeveloped by Peel Living has proposed uprooted homeowners receive $31,000. The contemplated payout has been called woefully inadequate by at least one resident who questions how home values have been determined and believes the money won't stretch far for those being forced to pick up and move.  READ MORE
 

 

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Recent Issues | Subscribe | Unsubscribe | Advertise | Web Version 

Radek Meljon, MultiView Canada, Vice-President & General Manager, 289.695.5394 | Download media kit
Oliver Kirby, MultiView Canada, Senior Content Editor, 289.695.5401 | Contribute news

The Mississauga Real Estate Board
3450 Ridgeway Dr #1 | Mississauga, ON L5L 0A2, Canada  | 905.608.6732 | Contact Us 

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October 9, 2017

 

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Ontario moves to tighten rules around real estate agents 'double-ending,' but won't ban the practice

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CBC News
Ontario is introducing regulatory changes to address "conflict of interest scenarios" involving real estate agents who represent both sides of a sale, but has stopped short of a ban on the controversial practice of "double-ending." The proposed changes, recently announced by the Minister of Government and Consumer Affairs Tracy MacCharles at Queen's Park, would mean tighter rules for salespersons, brokers and brokerages representing more than one party in a real estate deal.  READ MORE

 

 

Is more housing coming to Mississauga?

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Insauga
It's true — rental and affordable housing is hard to come by all across Ontario. Our population is increasing and there may not be enough housing options available to support it. Now, the province is moving forward on getting more homes built across the province in an attempt to streamline the housing development process.  READ MORE

Be a top producer without sacrificing home life

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REM
Work/life balance... that phrase holds a lot of power. How you execute this can be the difference between success and failure, between extraordinary and mediocre, or even the difference between a happy marriage and divorce.  READ MORE

Ontario to streamline housing development process

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Mortgage Broker News
In a recent announcement, the government of Ontario stated that it has established a new team tasked with removing the multiple barriers to housing construction and streamlining the entire property development process. "Over the coming months, the Housing Delivery Group will work with individual developers, municipalities and other organizations to reduce barriers for specific housing projects that meet the needs of local communities," the province said.  READ MORE

Statement on the second meeting of the housing forum

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Government of Ontario
The following statement was issued recently by Peter Milczyn, Minister of Housing and Minister Responsible for the Poverty Reduction Strategy and Bill Mauro, Minister of Municipal Affairs, after the second meeting of the Housing Forum: "We created the Housing Forum — a group of economists, builders, academics, planners, municipal representatives and other professionals in the real estate sector — to get a range of perspectives and ideas on the state of Ontario's housing market and assess the progress of the Fair Housing Plan.  READ MORE

Condo prices skyrocketing in Mississauga and surrounding cities

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Insauga
There's never a dull day in real estate. Now that fall is here, the market is, once again, showing signs of change. And for the first time in a few months, prices are increasing in some segments (and especially in the condo market).  READ MORE

 

 

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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988