The Public Records application, which you currently access through REALM™, Stratus™ or Matrix™, will no longer be available after Thursday, January 5, 2023.  For MPAC’s assessment data and new propertyline™ e-store, visit GeoWarehouse®.

If you click on Public Records in REALM™, Stratus™ or Matrix™ you will see the following reminder starting tomorrow evening.

What’s New?

The new propertyline™ e-store features:

• A new modernized interface with a direct link inGeoWarehouse®,
• More search functionalities making it easier to find properties,
• Enhanced data reports, including the Automated Valuation Model, and
• Two report bundles for Commercial REALTORS®.

Read this quick reference guide to start taking advantage of the new benefits in GeoWarehouse® and purchase reports in the propertyline™ e-store.

What Else Do I Need to Know?

As a Member, you need to register and update your profile information when you first log in.

Your credits for any previously purchased discount report bundles in Public Records are still available, and any remaining credits will be transferred to your new propertyline™ account in January 2023. MPAC will also provide access to your report transaction history until the end of 2023.

As part of our efforts to streamlining access to critical data, we are focusing on further integration to provide assessment data into both REALM™ and Matrix™ over the next few months. Stay tuned for more information in the upcoming weeks.

Sign Up for Training

Take this free webinar to learn what data is easily accessed in GeoWarehouse®.

If you have any questions, please get in touch at propertyline@mpac.ca.

Dear Executive Officers,

As most of you know, Ettore Cardarelli was a pillar of the real estate profession and served his community for over 30 years.

In recognition of the contributions made by Ettore Cardarelli, and to commemorate his dedication to the profession, the OREA Board of Directors created the Cardarelli Legacy Award last year. The recipient of this award will represent a volunteer leader in our industry who has demonstrated an unwavering commitment to their fellow Members and to the betterment of the real estate profession.

The award will be presented to one chosen individual at the OREA AGM on March 2, 2023. To nominate a volunteer deserving of this award, please complete the submission form below before January 13, 2023, and send the application to Award@orea.com. Submissions received after January 13, 2023, will not be reviewed.

Please reach out to the Manager, Membership and Board Relations, Kathryn Neals (KathrynN@orea.com), if you have any questions.

Sincerely,

Stacey Evoy
OREA President

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.

Tune in on December 14th for a comprehensive overview of what is NEW or REVISED in Forms and Clauses for 2023, be prepared for your first 2023 listing and negotiation.

The Webinar topics will cover:

• New OREA Form, assisting with Form 244 for Seller Directions
• Revisions to Standard Clauses and important Clause resources
• Best practice guidance around discoveries, directions and consents
• Anticipated timing to expect Forms revisions due to TRESA

Facilitated by Cassandra Agnew Walker, OREA’s Head of Standard Forms, who will be joined by Lou Radomsky, OREA Forms Legal Counsel, Members will also have an opportunity to ask questions and get advice on navigating OREA Forms resources.

Heads Up!

The 2023 Forms and Clauses Annual Summary of Revisions file will be available by December 1, via orea.com. Members are encouraged to review the file for a thorough understanding of annual Forms and Clause Updates.

December 14, 2022
1:00 PM EST

Webinar Wednesdays will continue in 2023, watch for the release of our schedule to ‘Mark your 2023 Calendars.’

*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.

The Office of the Auditor General of Ontario (OAGO) has released its value-for-money audit report on the Real Estate Council of Ontario (RECO) after a year-long audit process.

The report contains 25 recommendations that aim to strengthen RECO’s ability to administer the Real Estate and Business Broker’s Act, 2002 (REBBA) in the public interest.

“We appreciate the opportunities the Auditor General’s report presents to enhance the important work we do. And we are pleased that so many of the recommendations align very closely with our strategy to modernize our approach to administering the law in the public interest,” says Michael Beard, CEO, RECO. “We are actively working on a plan to address the recommendations described in the report.”

RECO will provide its plan to the Minister of Business and Public Service Delivery in spring, 2023, after which the plan will be made public. ​RECO will provide detailed quarterly updates on the plan’s progress on its website.

RECO’s board, management, and staff are committed to administering the law in the public interest, enhancing consumer confidence in the real estate profession, and raising professional standards in an industry where there are over 100,000 real estate agents.

RECO is proud of its 25-year history as Ontario’s real estate regulator and its consumer-protection mandate and will continue to work with the ministry and other stakeholders to develop and implement strategies that effectively advance the public interest.

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“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. 

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Average Home Price Down 8.5% in Ontario

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.

Special training webinar – new propertyline™ e-store

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:

• Enhanced data points now included with GeoWarehouse, such as new phase in and assessment details as well as site area and year built
• Our modernized interface, now integrated with a direct link in GeoWarehouse, to improve the purchasing experience
• The increased functionality of our property search module, making it easier to find specific properties, save details and search through comparable properties
• Updated reporting styles and formatting, with the addition of our free Assessment Details Report, available and included with every property
• Report Bundling that allows members to choose from a variety of bulk reporting packages and offers significant savings on the retail price for our most popular reports
• New REALTOR^® Insights to keep you informed with the latest property market data, resources, personalized support and training materials.

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

DECEMBER 2022 SCHEDULE

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:

• Dramatically reduce the time it takes for you to complete complicated real estate forms. 
• Shorten the time required for data entry by pre-populating forms with data pulled from the MLS^® System. 
• Auto-populate matching data fields and come equipped with embedded e-signature. 

“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:

• National home sales were up 1.3% on a month-over-month basis in October.
• Actual (not seasonally adjusted) monthly activity came in 36% below October 2021.
• The number of newly listed properties edged up 2.2% month-over-month.
• The MLS® Home Price Index (HPI) declined by 1.2% month-over-month and was down 0.8% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 9.9% year-over-year decline in October.

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:

• Setting the stage for written communications, from an initial consumer meeting to follow-up after sale negotiations
• The many OREA Forms that enable explicit consumer messaging, disclosures, acknowledgements and consents
• Guidance how to foster healthy interactions between Members and consumers, and Members with other Members
• Pointers to vital OREA Forms Member communication resources

November 30, 2022
1:00 PM EST

UPCOMING WEBINARS:

Mark your calendars for these upcoming Forms Webinars:

• Wednesday, November 30, 2022, 1:00 p.m.
  Critical Member & Consumer Written Communications
• Wednesday, December 7, 2022, 1:00 p.m.
  New Year New Forms 2023 Update for Brokers of Record, EOs & Leaders
• Wednesday, December 14, 2022, 1:00 p.m.
  2023 OREA Forms & Clauses Update PART 1

*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.