Real Estate Roundup October 8th, 2010

John Pasalis in Real Estate Roundup

Market Update

A few headlines on the real estate markets in Toronto and Canada overall.  The first two articles are based on the Toronto Real Estate Board's September sales figures, the second two are based on a report published by Re/Max and the last reports figures from the Teranet National Bank House Price Index

GTA resale home prices up in September (Toronto Star)

Toronto's housing market bouncing back (Metro)

Real estate picture improving: Re/Max (CBC)

Housing market makes strides (Globe and Mail)

Canadian home prices 6.4% above pre-recession peak (Globe and Mail)


CREA and Competition Bureau Settlement

Few details have been released about the proposed settlement between the Canadian Real Estate Association and the Competition Bureau.  Industry publication REM recently published a Q&A about the proposed settlement.

CREA – Competition Bureau agreement: Lots of questions, few answers (REM)

Real estate listings: Would rule changes encourage you to sell your home? (CBC)

MLS deal could lead to lower real estate fees (Toronto Star)

Real estate group reaches tentative agreement on MLS listings (Globe and Mail)


CMHC Reports...

The Canada Mortgage and Housing Corporation recently published their Housing Now report for the Greater Toronto Area that reported a rise in housing starts for August.  CMHC also released their 2010 Canadian Housing Observer report

Housing Now - Greater Toronto Area (CMHC pdf)

2010 Canadian Housing Observer (CMHC)


International Real Estate News

Housing prospects 'dismal': IMF (Globe and Mail)

Real estate collapse creates Dubai havoc (Globe and Mail)

Scandal widens, fury mounts over foreclosures in U.S. (Globe and Mail)


More Real Estate News

Will Alsop sees colour in Toronto (CBC)

What you get for ... $450,000 (Globe and Mail)

Alleged real-estate fraud nets 60 charges (Ottawa Citizen)

TREB: Clearing up HST confusion (Toronto Star)

Canada Fin Min: Will Tighten Mortgage Rules If Necessary (Wall Street Journal)

TD’s Repeat Home Buyers Report (Canadian Mortgage Trends)

TD Mortgages To Become Collateral Charges (Canadian Mortgage Trends)


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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