Real Estate Roundup October 22nd, 2010

John Pasalis in Real Estate Roundup

CREA and the Competition Bureau

A few articles on the proposed settlement between CREA and the Competition Bureau.  The Montreal Gazette article echoes my thoughts on the compromise that CREA apparently fought hard for.

"the idea anybody listing on the Multiple Listing Service will have to provide compensation to a buyer's agent will have no real impact because the amount paid could be as low as 1¢"
Montreal Gazette

CREA won nothing in MLS deal, lawyer says (Montreal Gazette)

Real Estate Association to vote on industry changes (CTV)

Real estate agents left in dark over CREA deal with bureau (Globe and Mail)


Real Estate Market Returns to Normalcy

Royal LePage says that the wild swings in the housing market are over and housing analysis firm Realnet says that Toronto's condo market may be undersupplied in the coming years.

Wild house price swings easing, LePage finds (Toronto Star)

Avg price of detached bungalow up 4.6 pct at C$324,531 (Reuters)

Home price inflation slows to 5%: survey (CBC)

House prices see return to normalcy (Globe and Mail)


Other Real Estate Articles

The long shadow over Canada's housing market (Globe and Mail)

A ‘For Sale’ sign best way to safeguard lifestyle (Globe and Mail)

Is your house key to your retirement plan? (Globe and Mail)

Saying no to the home-ownership dream (Globe and Mail)


Economy and Neighbourhoods

Low mortgage rates keep housing market alive (Toronto Star)

Consumer confidence lowest since downturn: poll (CBC)

Canada Bonds Move Mostly Higher After Soft Domestic CPI (Wall Street Journal)

Couple stole $500,000 in valuables at open houses, police allege (Toronto Star)

Development, infrastructure, and proposed LRV important issues (InsideToronto)

Bar owners continue to dig Bloorcourt (blogTO)

"Hidden" streets in Toronto (blogTO)


John Pasalis is the Broker Owner of Realosophy Realty Inc in Toronto. Realosophy focuses on researching Toronto neighbourhoods to help their clients make smarter real estate decisions. Email John

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