Real Estate Update

 
 
 

January 15, 2018

 

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

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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