OREA In the News

Canadian Real Estate Magazine: 2018 forecast: New mortgage rules could be boon for investors 

The new mortgage stress test, in addition to rapidly escalating housing prices, is keeping an increasing number of people in rental accommodations, and that’s good news for investors. “A+” tenants—people with high incomes and good credit—used to rent for about a year before purchasing their own homes, which would repel investors, however, they’re becoming long-term renters. 

 

Huffington Post: Statistics Canada ‘Got It Wrong’ On Foreign Homebuyers, Anti-Corruption Group Says 

An anti-corruption watchdog group says Statistics Canada "got it wrong" in a report last month that left the impression foreign buyers aren't a major part of Canada's housing market. Transparency International Canada, which has been raising the alarm for years about money-laundering in the country's real estate markets, says StatsCan could not have possibly gotten the numbers right on foreign ownership —because it lacks the tools needed to know just how much property is foreign-owned. 

 

REM: Husband and wife team launch online auction platform On The Block Realty 

With the official launch of On The Block Realty, there’s a new kid in town challenging traditional ways of buying and selling real estate. Founded by husband and wife Daniel and Katie Steinfeld, the full-service brokerage, based in the Greater Toronto Area, offers clients a choice between conventional real estate sales methods or opting instead for a “‘sale by online auction” platform. 

 

Toronto Star: Property buyers should be aware of real estate lawyers' legal standards 

A fact sheet published last month by LawPRO — the Lawyers’ Professional Indemnity Company — provides an interesting insight into the practice standards expected of Ontario real estate lawyers. LawPRO is the Law Society-owned insurance company, which provides a mandatory $1 million in liability insurance for every Ontario lawyer. 

 

Toronto Star: Big difference if you are a real estate rep’s client, or customer: Ask Joe 

Buying a home is a major decision, so I’m glad you’re interviewing potential salespeople to find a representative who best understands your needs. You have options. If you’re relatively inexperienced in the world of real estate, and you want some expert guidance and advice, I would strongly recommend you sign on as a client. The terms “client” and “customer” may seem interchangeable, but there are some important differences between the two. 

 

Real Estate Professional: No new regulations, drastic home price increases in 2018 – analysis 

By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of respite to these beleaguered sectors as well as to a consumer base labouring under an ever-increasing debt burden. 


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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