Buffini Success Tour Broadcast -March 29th Mississauga

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JOIN US FOR THE LIVE BROADCAST OF BRIAN BUFFINI’S SUCCESS TOUR

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Live Stream from  8:30am-5:00pm  Mar 29 2017

 8:30 AM – 5:00 PM

Location: Nexera Law Group 5770 Hurontario Street, Suite 104 Mississauga, ON L5R 3G5

Spaces limited – Register Now!

AGENDA

8:30-9:00 Meet & Greet.  Snack Refreshments

9:00 The Giver’s Guide to Greatness with Brian Buffini

11:00pm The Hidden DNA of the Real Estate Business with Brian Buffini

12:15PM – LUNCH PROVIDED – NEXERA PRESENTATION

2:00 – Guest Speaker Andy Andrews

3:45PM THE GIVER’S GUIDE TO COMMUNICATION

Don’t miss this sponsored event.  Seats are limited.

REGISTER NOW – CLICK HERE

In This Issue:

  • Russia approves new professional standards for real estate practitioners
  • Watch: “Too busy” is just an excuse
  • The Publisher’s Page: You can see a lot of things just by observing
  • New brokerage Renzo Real Estate brings virtual reality experience to Calgary

Full Issue

 

AGM & Member Recognition Ceremony held yesterday

The Brampton Real Estate Board held its Annual General Meeting & Member Recognition Ceremony yesterday at the Caledon Country Club. Thank you to the staff of Caledon Country Club for their excellent service and hospitality!

BREB welcomed keynote speaker Mr. Tim Hudak, CEO of the Ontario Real Estate Association to share a number of important updates.

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BREB wishes to thank our event sponsor, RBC Insurance. Congratulations to the RBC Insurance draw winner, Diane Boyd, iPro Realty Ltd.

Diane Boyd

Joanne Evans, Century 21 Millennium Inc., a former President of BREB presented the Member Recognition Awards.

 

Fed Harrison 50 years

50 Years of Service-Fred Harrison, iPro Realty Ltd- The longest serving BREB Member

 

Finn_45 years

45 Years of Service-Finn Poulstrup, Royal LePage Meadowtowne Realty

Mike Adams 40 years

40 Years of Service-Michael Adams, iPro Realty Ltd.

Neil Watson 40 years

40 Years of Service– Neil Watson, Century 21 Millennium Inc.

30 years

30 Years of Service– Mario Hermenegildo, Royal LePage Vendex Realty, Delia Janes, iPro Realty Ltd., Joanne Evans, Century 21 Millennium Inc., Ruth Ballantyne, Re/Max Realty Services Inc.

Peter Mazzuchin 15 year

15 Years of Service– Peter Mazzuchin, Keller Williams Real Estate Associates

10 years

10 Years of Service– Cathy Graham-Smith, iPro Realty Ltd., Ivor Mendes, IM Realty Services Inc., Susan Coulighan, Royal LePage Meadowtowne Realty, Georges MacDonald, Re/Max Real Estate Centre

5 year

5 Years of Service– Bernadine Bowen, Royal LePage Credit Valley Real Estate, Hardeep Malhotra, Homelife Miracle Realty, Ken Patterson, Re/Max Realty Specialists Inc., Khushwant Singh, Re/Max Real Estate Centre, Michelle Alton, Keller Williams Real Estate Associates, Pindy Sanghera, Kingsway Real Estate Brokerage, Raj Ghotra, iPro Realty Ltd., Ramya Bala, Sutton Group Central Realty Stephanie Overholt, Century 21 Millennium Inc., Tina Sadler, Re/Max Real Estate Centre, Ziegler Coelho, iPro Realty Ltd.

Congratulations and thank you for your loyalty and continued service as a valued BREB Member REALTOR®.

Thank you to all those who attended!

Federal Budget 2017 | Budget Fédéral 2017

Federal Budget 2017

The 2017 Budget is focused on building a strong middle class, as well as innovation, skills, partnerships and fairness.

The 2017 budget did not further tighten housing market regulations.  This suggests that CREA’s message, urging the government to take a pause so they can fully understand the impact of the recent changes, has been clearly heard.  The government mentions that changes announced in October 2016 are expected to have a modest, temporary impact on housing in the short term.  That said, the government is ready to further adjust the housing finance framework, if and as required.
Given the recent changes to mortgage rules amid the government’s concerns about home prices, CREA did not expect our lobbying proposal for the extension and indexation of the Home Buyers’ Plan (HBP) to be included in the budget.  CREA will continue to press for improvements to the HBP in meetings between PAC representatives and MPs at PAC Days this fall.

Below are initiatives of interest to the REALTOR® community contained in budget 2017:
National Housing Strategy – $11.2 billion over 11 years
CMHC will be responsible to implement a series of initiatives identified by various stakeholders as part of the National Housing Strategy consultative process.  These initiatives are designed to ensure Canadians have access to housing they can afford.
National Housing Fund – $5 billion over 11 years
CMHC will receive funding to address housing issues by prioritizing support for vulnerable citizens.
CREA participated in several roundtable discussions as well as a submission highlighting the implementation of programs to support REALTORS® and homebuyers.
Housing Statistics Framework – $39.9 million over 5 years
Statistics Canada will lead the Housing Statistics Framework to build a nationwide database of all properties in Canada.  The HSF will provide valuable data to allow policy makers to accurately analyze the housing market.
CREA continuously shares data with various government departments.  We intend to work closely with Statistics Canada on this new framework.
Energy Efficiency Programs – $67.5 million over 4 years
Natural Resources Canada will be responsible to renew and continue existing energy efficiency programs.  A national program will also be formed to review existing building codes, retrofit existing buildings and build new net-zero buildings.

CREA has been working with NRCan on providing energy efficiency information to REALTORS®.  We are publishing a series of blogs and in the process of drafting a publication to be released later this year.
Anti-money laundering and anti-terrorist financing regime
The government is committed to strengthening the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTF) by making changes to the legislation.  These changes would focus on compliance and the functionality of the legislation.
CREA continues to support REALTORS® and brokers by providing tools and resources to assist in complying with requirements of Canada’s PCMLTF Act and regulations.
The budget also includes tax measure reviews that may have an impact on REALTORS® and the real estate sector.  CREA will monitor closely and participate as necessary.

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200 Catherine St., 6th Floor, Ottawa, ON  K2P 2K9
Tel: 613-237-7111   FAX: 613-234-2567
Toll Free: 1-800-842-2732

 

Budget fédéral 2017

 

Le Budget de 2017 vise à bâtir une classe moyenne forte et cible l’innovation, les compétences, les partenariats et l’équité.

Le Budget de 2017 n’a pas resserré davantage les règlements sur le marché de l’habitation. Cela porte à croire que le gouvernement a clairement entendu le message de l’ACI le pressant de prendre le temps de bien comprendre les répercussions des récentes modifications. Le gouvernement mentionne que les changements annoncés en octobre 2016 devraient avoir des effets modestes temporaires sur l’habitation, à courte échéance. Cela dit, le gouvernement est prêt à réajuster le cadre de financement du logement, au besoin.
Compte tenu des modifications récemment apportées aux règlements hypothécaires au cœur des préoccupations gouvernementales concernant les prix des maisons, l’ACI ne s’attendait pas à l’inclusion de sa proposition d’étendre et d’indexer le Régime d’accession à la propriété (RAP). L’ACI continuera à exercer des pressions afin d’améliorer le RAP au cours des rencontres entre les représentants du CAP et les députés lors des Journées du CAP cet automne.
Vous trouverez ci-dessous des initiatives du Budget de 2017 qui présentent un intérêt pour le secteur immobilier :
Stratégie nationale sur le logement – 11,2 de dollars sur 11 ans
La SCHL sera chargée de mettre en œuvre une série d’initiatives cernées par divers intervenants dans le cadre du processus de consultation de la Stratégie nationale sur le logement. Les initiatives visent à faire en sorte que les Canadiens aient accès à des logements qu’ils peuvent se permettre.
Fonds national pour le logement – 5 milliards de dollars sur 11 ans
La SCHL recevra des fonds pour voir aux questions d’habitation en donnant la priorité au soutien apporté aux citoyens vulnérables.
L’ACI a participé à nombre de tables rondes et a présenté un mémoire ciblant des programmes pour aider les courtiers et agents membres ainsi que les acheteurs de maison.
Cadre de statistiques sur le logement – 39,9 millions de dollars sur cinq ans
Statistique Canada dirigera le cadre de statistiques sur le logement en vue de bâtir une base de données nationale de tous les biens immobiliers au Canada. Le cadre offrira des renseignements importants qui permettront aux décideurs d’effectuer des analyses exactes du marché du logement.
L’ACI fournit en permanence des données aux différents ministères. Nous sommes déterminés à collaborer de près avec Statistique Canada à ce nouveau cadre.
Programmes d’efficacité énergétique – 67,5 millions de dollars sur quatre ans 
Ressources naturelles Canada veillera à renouveler et à poursuivre les programmes d’efficacité énergétique existants. Un programme national sera aussi élaboré afin de revoir les codes du bâtiment actuels, de rénover les immeubles existants et de construire de nouveaux immeubles à consommation d’énergie nette zéro.
L’ACI collabore avec Ressources naturelles Canada en vue de fournir des données sur l’efficacité énergétique à ses membres. Nous publions déjà une série de billets et produisons une publication qui paraîtra dans le courant de l’année.
Régime canadien de lutte contre le recyclage des produits de la criminalité et le financement des activités terroristes
Le gouvernement est engagé à renforcer la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes en apportant des modifications aux dispositions législatives et réglementaires. Ces modifications porteraient principalement sur la conformité et sur l’exécution des dispositions législatives.
L’ACI continue d’appuyer ses membres et les propriétaires d’agence en leur fournissant des outils et des ressources qui favorisent la conformité aux dispositions législatives et réglementaires de la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes du Canada
Le budget prévoit aussi un examen des mesures fiscales susceptible d’avoir une incidence sur les membres de l’ACI et sur le secteur immobilier. L’ACI surveillera étroitement la situation et apportera sa collaboration au besoin.

 

                           45
200, rue Catherine, 6e étage
Ottawa (Ontario)   K2P 2K9
Tél. : 613-237-7111   Téléc. : 613-234-2567
Numéro sans frais : 1-800-842-2732

 

Home Of The Week

MLS#:                                 W3729691

Property Address:          38 Rockgarden Tr. Brampton ON

Sale Price:                          $599,888

Company:                          Century 21 People’s Choice Elite Realty Inc.

Salesperson:                     Roger Townsend

Telephone:                       416-854-5466

 

Description:

Open House Sat & Sun 2-4! Beautiful 3 Bedroom Freehold Townhouse In A Super Convenient Area. Spacious Model That Features A Separate Living And Dining Room. Large Kitchen With Ss Appliances. Good Sized Master Bedroom With A Walk-In Closet, 4Pc Ensuite With Deep Soaker Tub. Also Includes Interior Garage Access. Unspoiled Basement Ready For Your Finishing Touches. A+ Location Walking Distance To Schools, And Close To Public Transit, Shopping, Parks, And Hwy’s.

Extras:Perfect Starter Home Includes Fridge, Stove, Built-In Dishwasher, Washer & Dryer, All Window Coverings, All Elf’s, Garage Door Opener And Remote. Small $85 Fee For Snow Removal, Park Maintenance. Call Me Now For Your Private Viewing!!!

 

Secret #20 of Superstar REALTORS®

Hi Subscriber,

Here’s the 20th secret of Superstar REALTORS®. How would
you like to know how maximize your results from every
ad dollar you invest?

Here’s how Superstar REALTORS® make it happen…

In next week’s 21st secret, you’ll discover the number one
secret that has launched more REALTORS® into superstardom
than anything else. I’ve saved this secret for last because
it’s by far the most important.

YOU MUST watch to this upcoming video. Don’t miss it!

Your partner in success,

Lorne Andrews
Mortgage Broker
(416) 276-6445
Dominion Lending Centres Expert Financial

P.S After you watch this video, please submit your comments.
I love feedback!

Check this out…

5 Things to remember when reviewing a condominium status certificate

Watch the video:  Click Here https://youtu.be/8zSeOBZnhd8

As a result of bidding wars for condominiums, buyers are being asked to review a condominium

status certificate in advance in order to submit an offer without conditions. As a service to our

clients, we offer this review at no additional cost. Here are 5 items I look at and questions I ask

when reviewing a status certificate in advance to give the buyers comfort before making their

purchase decision.

1. Have units sold and closed in this building in the last 3-4 months?

If units are selling and closing, it means that other lawyers and lenders have approved the

building, and that CMHC most likely has not refused to lend on the property, which has

occurred many times when concerns have been raised. This should give you some comfort

that all is in order in the building.

1. What is the condominium corporation number?

Condominiums are registered in numerical order, with the first buildings being registered

about 50 years ago. There are approximately 2700 condominium corporations in the Toronto

area. That means if you are number 2400, your building is likely 2-3 years’ old. If it is

number 1500, then it is likely 12-15 years’ old. If it is number 200, then it is closer to 45

years’ old. This can give you some clues as to when the roof may need to be repaired and

whether there is enough money in the reserve fund for major repairs that may be required.

For example, a roof may need to be replaced every 20-25 years. This is the major expense for

most townhouse projects.

2. Who is the property manager?

When the property manager is a familiar name, there is comfort that the condominium board

is being given the correct advice in how to properly maintain the building now and in the

future. If you hear names such as Brookfield, First Service or Dell, this is typically a positive

attribute for the corporation.

3. Does the reserve fund match the reserve fund study

The reserve fund study should be updated every 3 years. Be suspicious if there is no current

one. The amount in the reserve fund today should be similar to the amount that was projected

in the last reserve fund study. If there is a shortfall, then do the following calculation. If there

are 100 units in the building, it is likely your unit is 1% of the expenses. That means if the

reserve fund is short 1 million dollars, your unit share would be $10,000.00. If there are 200

units, your share is one half a percent or $5,000.00. This is likely your worst case scenario.

Just adjust your purchase price accordingly. You can do the same math if you need to cost a

special assessment or lawsuit affecting the building.

4. Is AirBNB permitted?

The status certificate will tell you how many units are leased to tenants. Many buildings

have minimum lease periods of 6 months to 1 year, which would prohibit Air BNB. More

and more condominiums are trying to prevent this, due to security and insurance issues.

5. Pets and Parking

Make sure you understand in advance whether pets are permitted at all in the building or

whether there are weight restrictions on pets that are permitted. There is no point wasting

time on buildings where the buyer has a pet that will not be permitted. Make sure you

physically see the parking space and the locker before signing any offer, so that there is

no confusion with what you expect to receive on closing. It is possible that the number on

the floor may not be the same as the legal unit number. That can be determined by just

asking the property manager for details.

If you understand how to read a status certificate, you can assist your clients during a

very stressful condominium bidding war.

If you have any questions about status certificates, or need one reviewed, please do not

hesitate to contact me at mark@realestatelawyers.ca or toll free at 1-888- 876-5529.