Real Estate Update

 

 

February 12, 2018

 

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Average real estate price in Mississauga falls $167,000 in 10 months

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Mississauga News
The average price for all types of real estate in Mississauga has fallen back to levels not seen since the summer of 2016. According to the latest monthly tracking data from the Toronto Real Estate Board (TREB), the average selling price for all types of dwellings came in at $631,372 in January 2018.  READ MORE

Ontario real estate agents seek increased transparency in home sales

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Globe and Mail
The group representing Ontario's real estate agents is considering urging the provincial government to allow a transparent bidding process for home sales as part of several proposals to improve the industry's ethics and reputation. The Ontario Real Estate Association (OREA), which recently issued a discussion paper seeking input from its members, has been promoting higher standards in light of concerns raised about unscrupulous practices in the province's overheated real estate market in recent years.  READ MORE

Post B-20: Why real estate agents are more important than ever

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REM
The new year is upon us, and with it, a whole new real estate reality. Tougher federal mortgage regulations took full effect on Jan. 1, slashing affordability for new borrowers and contributing to slower selling conditions than the record-breaking activity experienced throughout 2017 in Canada's largest markets.  READ MORE

Canadian real estate prices see biggest drop worldwide

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Maclean's
Canada's housing market was the fastest rising in the world, just a few months ago. Now we're claiming the opposite title.  READ MORE

20 per cent more mortgages are being denied by big banks, sending borrowers down the credit ladder

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Financial Post
Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage insurance. As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions' newly enacted tighter lending requirements.  READ MORE

Landlords smell high-rise problem looming as marijuana legalization nears

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Globe and Mail
Smoking pot smells. Whether you like the odour or hate it, few think it's not a strong smell. As legalization rapidly approaches in Canada, landlords and tenants are grappling with whether an apartment building can be declared marijuana-smoke-free, whether a disobedient smoker could be evicted and whether a blanket provincial ban on cannabis smoke at home might be the only way to stop it.  READ MORE

Here are the best places to spend your digital marketing dollars

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REM
Every real estate professional wants the biggest bang for their marketing bucks. But how do you make that happen? It depends largely on your marketing budget. An approach for top producers and teams is different than a single agent because you're playing in different arenas. Marketing budgets for high-volume agents and teams typically need to be done case-by-case (varying with the size of budget, goals, existing branding and ideal lead volume) but for the average agent it's easier to access.  READ MORE
 

 

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Real Estate Update


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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January 15, 2018

 

Home  |   About  |   Member Brokerages  |   Education  |   Events

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Here's a look at Mississauga's hottest neighbourhoods

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Insauga
It's no secret that it's expensive to live in Mississauga. Recent data released by the Toronto Real Estate Board (TREB) indicates that, as of December 2017, detached houses were running buyers approximately $910,216 (up from the high 800s in November and down from the $1 million mark they hit in winter 2017). And while the market could cool or stabilize in 2018 due to the Ontario government's Fair Housing Plan and the OSFI stress test (a test that some say could disqualify up to 10 per cent of prospective buyers from the market), the fact remains that Mississauga is a desirable city to call home — and therefore a costly one.  READ MORE

Success is how, not what

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REM
Thomas Edison is acknowledged to be the inventor of the light bulb. The truth is that there were about a dozen or more scientists who invented various versions of the light bulb before him. Edison was a brilliant and clever fellow, but his real genius was to pull together all the fundamentals that had been developed previously and come up with a good light bulb that could function the most reliably and be mass produced for the time.  READ MORE

Here are answers to 4 key real estate issues in 2017

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Toronto Star
As the year draws to a close, I can think of four key issues that occupied a lot of our attention at the Real Estate Council of Ontario: entry fees, backing out of a deal, lowball offers and multiple representation.  READ MORE

Canadian real estate market outlook 2018

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MoneySense
There's never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In 2018, the new year started off with more of a sigh. Analysts across North America came out with various pronouncements of deceleration in activity and pricing, but the overwhelming consensus was that the nation's real estate landscape would flatten out, even in the hot Toronto and Vancouver markets.  READ MORE

Opinion: Why most sales reps can't conduct double-enders equitably or ethically

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REM
Why can't most sales reps be trusted to conduct double-enders equitably or ethically? Here is the short answer: it simply is not in their collective nature to do so.  READ MORE

House prices are rising again in Mississauga

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Insauga
After a few months of small but steady month over month decreases in low-rise home prices, the market appears to be showing signs of strengthening. According to data recently released by the Toronto Real Estate Board (TREB), houses prices in the 905 increased slightly in December while sales remained down compared to 2016.  READ MORE

Mortgage 'stress test' brings winter real-estate spike

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CBC News
Instead of a winter slowdown, many Ottawa real-estate agents experienced a sales spike over the past two months as homebuyers rushed to seal deals ahead of new mortgage rules that kick in Jan. 1. The new rule puts a mortgage "stress test" on uninsured homebuyers putting more than a 20 per cent down payment on their next home. This stress test assures banks that borrowers would be able to make their mortgage payments if interest rates climb.  READ MORE

 


Real Estate Update



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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 

Learn how to add us to your safe sender list so our emails get to your inbox.

 
 
 
 
 

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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