Toronto Real Estate Board President Tim Syrianos announced the release of TREB’s Q2 2017 Condo Market Report. Greater Toronto Area REALTORS® reported 8,223 condominium apartment sales reported through TREB’s MLS® System between April and the end of June.Original Post: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_condo_report_Q2-2017.htm Post Imported Time: 1500916687 Original Author: Original Author Link:
Toronto Real Estate Board President Tim Syrianos announced commercial leasing and sale statistics reported through TREB’s MLS® System during the second quarter of 2017.Original Post: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_comm_watch_0617.htm Post Imported Time: 1499865545 Original Author: Original Author Link:
Toronto Real Estate Board President Tim Syrianos, in his first release as TREB President, announced TREB residential MLS® sales, listings and price statistics for June, a mid-year forecast update and related Ipsos consumer survey results summarizing home buying and selling intentions.Original Post: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_market_watch_0617.htm Post Imported Time: 1499357931 Original Author: Original Author Link:
By Toronto Real Estate Board
The Ontario government recently committed to conducting a broad-based, comprehensive review of the Real Estate and Business Brokers Act, 2002 (REBBA 2002). In this regard, the government has launched Phase 1 of the consultation process focusing on multiple representation.
The government’s consultation document (click here to view) seeks input (contact details for providing input are provided at the end of the consultation document) from the profession in the following areas:
- Requiring brokerages to use a designated representation model (also known as designated agency).
- Requiring the use of mandatory standardized disclosure clauses.
- Increasing the fines and penalties for registrants who contravene REBBA and/or the Code of Ethics.
The Toronto Real Estate Board supports the provincial government’s review of the Real Estate and Business Brokers Act, specifically with regard to the regulation of multiple representation scenarios, and more broadly. The Real Estate and Business Brokers Act has not been comprehensively reviewed since 2002, so the current review is both appropriate and needed to ensure that the Act is allowing for the best possible consumer protection and the most efficient business operations for REALTORS®. With regard to multiple representation, TREB has supported the designated representation model and looks forward to working with the government on details in this regard.
This issue of the Financial System Review reflects the Bank’s judgment that household indebtedness and housing market imbalances–the most important vulnerabilities for the Canadian financial system–have moved higher over the past six months. However, the financial system remains resilient, and macroeconomic conditions continue to improve. Other vulnerabilities discussed in this FSR are fragile fixed-income market liquidity and the capacity of an interconnected financial system to mitigate cyber threats.Original Article by Bank of Canada Available Here
Senior Deputy Governor Carolyn A. Wilkins talks about encouraging signs that growth is broadening across Canada’s regions and sectors.Original Article by Bank of Canada Available Here
With the adjustment to lower oil prices largely behind us, there are encouraging signs that growth is broadening across regions and sectors, Senior Deputy Governor Carolyn A. Wilkins told the Associates of the Asper School of Business in a speech today.Original Article by Bank of Canada Available Here
MayHousing Market Charts AvailableOriginal Post: http://www.torontorealestateboard.com/market_news/housing_charts/index.htm Post Imported Time: 1497422868 Original Author: Original Author Link: