“Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row,” says CREA’s Senior Economist, Shaun Cathcart.
In October 2022, Ontario home prices averaged $835,090, down 8.5% from $912,597 in October 2021.
To view monthly housing market stats for your region, go to CREA Stats and select your board.
MPAC’s new propertyline™ e-store provides users with access to real-time property information through an enhanced and innovative platform. Directly integrated with GeoWarehouse, access to property details is now seamlessly streamlined between the two portals, making it easy to search and find the data you’re looking for.
If you haven’t had the opportunity to yet, be sure to register for one of our special propertyline™ training webinars below. Our team will walk you through a demo of the new e-store, highlighting the new key features such as our enhanced data, discounted report bundles and a new REALTOR® Insights dashboard with contented curated just for you.
Enhanced Data, REALTOR® Insights, and Bundle Savings –
A look at the new data in GeoWarehouse and our new propertyline™ e-store.
Join MPAC’s Real Estate Team for an in-depth walkthrough of the new data and propertyline™ e-store, where you will learn about:
MPAC will be hosting this webinar throughout the month of December. Below are the registration links for the first dates in the series, however the full schedule is available online to ensure we find a time that works best for you and your team.
| Monday, December 5, 2022 10:00 to 10:30 a.m. EDT Register now | Wednesday, December 14, 2022 1:00 to 1:30 p.m. EDT Register now |
| Factors Affecting Residential Property Value This webinar is a continuation of our MPAC Assessment 101 webinar series. We take a more detailed look at the top 5 factors affecting real property value when using mass appraisal techniques. Participants will also learn about other property features that can significantly affect property value. These include elements of primary and secondary structures, site details and locational influences. Join us for a more thorough look at MPAC’s valuation process. | Upcoming Factors Affecting Residential Property Value webinars Tuesday, December 6, 2022 1 to 2 p.m. EDT Register now |
| Automated Valuation Models (AVM) for REALTORS® This webinar provides an overview of our real-time market value estimates, used for listing presentations, setting the listing price, supporting an offer, or simply as a second unbiased opinion of value. | Upcoming Automated Valuation Models (AVMs) for REALTORS® webinars Wednesday, December 7, 2022 10 to 11 a.m. EDT Register now |
| Assessment 101 for REALTORS® MPAC Assessment 101 webinar has been customized for Ontario REALTORS®. Training provides an overview of how MPAC collects data, measures properties, and instructions on calculating property taxes. We show REALTORS® how to access Assessment, Site, Structural, and Sales Data and provide an overview of our Automated Valuation Model (AVM) products customized for REALTORS®. | Upcoming Assessment 101 for REALTORS® webinars Tuesday, December 13, 2022 1 to 2 p.m. EDT Register now |
| Assessment 101 for Commercial REALTORS® This webinar provides an overview of our methods for valuing commercial, multi-res and industrial properties. We will also take a detailed view at the data offered in sample reports. Participants will learn about assessment basics as well. Join us for a more thorough look at MPAC’s Commercial and Industrial data products. | Upcoming Assessment 101 for Commercial REALTORS® webinars Thursday, December 15, 2022 10 to 10:30 a.m. EDT Register now |
Filling out real estate forms is about to get a lot easier. With the help of SkySlope, TRREB & BREB are digitally transforming the forms that you use in your day-to-day transactions so you can quickly find, fill, and e-sign them.
In January 2023, TRREB & BREB will partner with SkySlope, one of the U.S. and Canada’s most trusted transaction management platforms. As part of TRREB/BREB’s expanding Member benefits, you will have free access to digitized real estate forms through SkySlope Forms.
The new digital forms:
“As the largest real estate board in the world, TRREB has a long history as an early adopter of new technology, positioning it at the forefront of innovation,” said TRREB President Kevin Crigger. “Focused on continually advancing our service offering to our Members, we are excited to officially announce our partnership with SkySlope. Launching in January of 2023, SkySlope Forms will provide a best-in-class forms environment eliminating redundant data entry, incorporating pre-mapped digital signature features, offering two-way MLS® integrations and a number of workflow automations. This exciting partnership with SkySlope will instantly offer our Members greater efficiency in their everyday business, and we look forward to announcing a number of new products and services being developed in partnership over the months ahead which will revolutionize the trade of real estate.”
Following the release of SkySlope Forms, we will roll out SkySlope Offers as an additional Member benefit.
Ottawa, ON, November 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022.
Highlights:
Home sales recorded over Canadian MLS® Systems edged up by 1.3% between September and October 2022. While not a large increase, it was significant in that it was the first monthly gain since February.
Access the October 2022 stats PDF.
Join OREA’s Standard Forms Team for another informative Forms Webinar on November 30, 2022, at 1:00 p.m., entitled, Critical Member Written Communications with Consumers, led by Cassandra Agnew Walker, OREA’s Head of Standard Forms.
This Webinar will foster discussions to review and uncover:
November 30, 2022
1:00 PM EST
UPCOMING WEBINARS:
Mark your calendars for these upcoming Forms Webinars:
*All access to Forms Webinars must be made through your Member login only. This OREA resource is for Member participation.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
With the transition from Collaborate to REALM™ complete, the next step is to transfer all remaining functionality from Stratus into REALM™.
You asked, and we listened. Stratus Users will benefit from a measured transition over the next year; REALM™ will not fully replace Stratus until the fall of 2023. This will give you the time you need to comfortably and confidently transition to REALM™ with the help of the TRREB Professional Development team and dedicated REALM™ trainers.
Watch for regular updates on new functionality added to REALM, with enhancements scheduled on a monthly basis. These enhancements are supported by ample training opportunities.
If you haven’t tried REALM yet, now’s your chance. Get started with free training.
Try the New Add/Edit
Check out the new features and functions of Add/Edit with our in-person Professional Development classes. Then, test and try it out using the new training mode. This modern and intuitive version will replace the current Add/Edit soon.
TRREB is bringing AI powered computer vision technology and data to our Members by partnering with Restb.ai. This leading image recognition technology analyzes property information to unlock real estate specific insights and improve property valuations.
Resttb.ai will automate the listing process by extracting data. It will also save time, provide protections for Members’ websites, and increase the searchability of TRREB MLS® System data and photo compliance protections.
Soon, TRREB will implement Restb.ai’s MLS Product Suite, giving Members four cutting-edge features and benefits:
“We are impressed with what the Restb.ai technology has accomplished. We like everything about their MLS Product Suite and Members will appreciate all the features it will bring to the TRREB MLS® System. We see computer vision as the means to building the next level of property intelligence – giving us details and insights we’ve never had before,” said TRREB CEO John DiMichele.
“Restb.ai’s innovative integration of machine learning and image analysis will bring a wealth of information to Members. This AI tool analyzes millions of property images that are uploaded every day and will produce more accurate and robust listing data in less time,” said TRREB President Kevin Crigger.
We would like to inform you of some reductions to fees that will affect all registrants, effective March 1, 2023.
The reductions, as follows, will be funded by RECO’s reserves and will be in place for the foreseeable future.
Also, effective March 31, 2023, we will merge the renewal application fee for individuals with the $44 mandatory continuing education (MCE) fee to reduce the number of payments required from registrants. By combining these two fees into one, the biennial payment for registrants, subject to mandatory continuing education requirements, will be $350 ($306 + $44), down from $434 ($390 + $44).
To learn more, please visit reco.on.ca or email us at registration@reco.on.ca.
Thank you,
RECO
Brampton Real Estate Board 