Virtual Community Town Hall – March 2nd at 7pm

Dear Friends, 

On March 2nd at 7pm, City Councillor Jeff Bowman and I will be hosting a Virtual Community Town Hall on issues important to wards 3 & 4 residents. Together along with Peel Regional Police and City of Brampton staff, we will discuss Crime Prevention, Safety, the Nurturing Neighbourhoods Program, and the New Community Safety Advance Funding Stream. Please click here or on the image below to register.

I hope you join us on March 2nd.

Martin Medeiros

EMBARGO – January 2021 CREA statistic

Canadian housing markets set records again in January

Ottawa, ON, February 16, 2021 –
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.

Summary:

  • National home sales rose 2% on a month-over-month (m-o-m) basis in January.
  • Actual (not seasonally adjusted) activity was up 35.2% year-over-year (y-o-y).
  • The number of newly listed properties dropped by 13.3% from December 2020 to January 2021.
  • The MLS® Home Price Index (HPI) rose 1.9% m-o-m and was up 13.5% y-o-y.
  • The actual (not seasonally adjusted) national average sale price posted a 22.8% y-o-y gain in January.

Home sales recorded over Canadian MLS® Systems climbed 2% between December 2020 and January 2021 to set another new all-time record. 


Access the January 2021 stats PDF.

For more information, please contact:
Pierre Leduc
Media Relations
pleduc@crea.ca
The Canadian Real Estate Association
200 Catherine Street, 6th Floor, Ottawa, ON K2P 2K

MPAC FEBRUARY WEBINARS

https://propertyline.ca/index.html

NEW! Factors Affecting Real 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 webinars
Tuesday, February 16, 2021 1 p.m. to 3 p.m. EST
Thursday, February 18, 202110 a.m. to 12 p.m. EST
Tuesday, February 23, 20211 p.m. to 3 p.m. EST
Thursday, February 25, 202110 a.m. to 12 p.m. EST

MPAC Automated Valuation Models (AVM) for RealtorsThis 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 AVM webinarsTuesday, February 2, 20211 p.m. to 2 p.m. EST

Wednesday, February 10, 202110 a.m. to 11 a.m. EST

Wednesday, February 17, 20211 p.m. to 2 p.m. EST

Wednesday, February 24, 202110 a.m. to 11 a.m. EST

MPAC Assessment 101 for RealtorsThis 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 Assessment 101 webinars

Thursday, February 4, 202110 a.m. to 11:30 a.m. EST

Thursday, February 11, 20211 p.m. to 2:30 p.m. EST

Breaking: Stay-at-Home Order Lifted in Three Public Health Units – What This Means for Real Estate

Yesterday, Premier Doug Ford announced the province’s plan to gradually reopen the economy and return to a regional approach to COVID-19 restrictions. Based on the improving local trends of key indicators, including lower transmission of COVID-19, the province will gradually transition certain regions from the shutdown measures to the colour-coded revised COVID-19 Response Framework: Keeping Ontario Safe and Open (the “Framework”).

PUBLIC HEALTH UNITS TO GRADUALLY RETURN TO THE COVID-19 RESPONSE FRAMEWORK

As of Wednesday, February 10th, at 12:01 a.m. the following three health units will no longer be subject to the shutdown and Stay-at-Home order and will move back to the Framework at the Green-Prevent level:
 

  • Hastings Prince Edward
  • Kingston, Frontenac and Lennox & Addington
  • Renfrew County and District


Even with the Stay-at-Home order ceasing to apply in some regions as of tomorrow, everyone is strongly advised to continue to stay at home, avoid social gatherings, minimize travel between areas with different rules, and limit close contacts to their household. Employers in all industries should continue to make every effort to allow employees to work from home.
 


WHAT DOES THIS MEAN FOR YOU?

If you live or practise real estate in Hastings Prince Edward, Kingston, Frontenac and Lennox & Addington, or Renfrew County and District, you are in a Green zone which means that open houses will once again be permitted as of February 10th at 12:01 a.m.

If you live elsewhere in the province then look for upcoming announcements and messages from OREA on your region.

OTHER IMPACTS ON REAL ESTATE
 

  • Enforcement of residential evictions will remain paused in the public health unit regions where the provincial Stay-at-Home order remains in effect. This will ensure people are not forced to leave their homes. In regions where the Stay-at-Home order is lifted, the regular process for residential eviction enforcement will resume.
  • ​​​​Short-term rentals are prohibited under the current Stay-At-Home Order and if a Public Health Unit is in a Grey-Lockdown Zone (once back in the Framework). Short-term rentals are allowed in Red, Orange, Yellow and Green zones.


​​​​The Government anticipates that 28 public health regions will return to the Framework and no longer be subject to the shutdown and Stay-at-Home order as of Tuesday, February 16, 2021. Toronto, Peel and York regions are anticipated to return to the Framework on Monday, February 22, 2021.
 


Please stay tuned for future messages from OREA on government reopening measures and how they impact real estate in your region.

Thank you and stay safe. 

Sean Morrison,
OREA President

New Features & Latest Housing Market Snapshot

The Canadian Real Estate Association (CREA) continues to support your success with leading industry tools and resources to help you provide the best service to your clients. 

A New Way to Connect with Leads on REALTOR.ca 

With our latest update, users on REALTOR.ca now have the option to select text message as their preferred method of contact.

Text messages allow you to connect quickly and easily, so you never have to miss out on a lead!

From Lockdowns to All-Time Highs: How Canada’s Housing Market Fared in 2020

Despite the uncertainty caused by COVID-19, we ended the year on a record-high for home sales across Canada.

Download our 2020 housing market snapshot and share the information with your clients to help them along their home buying journey.

Share our housing market snapshot infographics on social media to highlight your market and encourage your clients to act. Save the graphics to your device now to get started:
 Full snapshot
Summary
Home sales
New listings

Ask Me Anything with Members of CREA’s Board of Directors

Our latest episode answers all your burning questions, from the impact of mass vaccinations on market activity and eyeing a future in international real estate, to learning how REALTORS® can get involved with CREA and its committees:

If you have any questions, you can reach our Member Experience Center by email at support@crea.ca or by phone at 1-888-237-7945. 

Upcoming OREA Standard Forms Webinar – Seller Direction and Consent Forms

Seller Direction and Consent Forms
OREA Forms help you succeed in business. OREA Forms Team is committed to assist in enhancing your knowledge and understanding of Forms.
Join the Forms Team on February 24, 2021 at 1:00 p.m. for our packed Webinar, entitled ‘Seller Direction and Consent Forms’, led by Cassandra Agnew Walker, OREA’s Head of Standard Forms. In the Webinar we will review written seller directions and consents, including;
• The fine print of Form 200, the Listing Agreement
• Dialogue before Form 244, Seller’s Direction re Property/Offers
• Details that matter and Form 208, Entry/Access to Property
• Helpful available checklists, Forms 280 & Form Series 820s
You use Forms all the time, take time to participate in these critical conversations.
Webinar Registration Link https://goto.webcasts.com/starthere.jsp?ei=1426752&tp_key=b0f2cf09c1
‘Coming Soon’, mark your calendars for these upcoming Forms Webinars:
➢ Wednesday, March 31, 2021, 1:00 p.m.,
entitled, ‘Buyer Direction and Consent Forms’
➢ Wednesday, April 28, 2021, 1:00 p.m.,
entitled, ‘Forms 320 – Identifying You and Your Brokerage’
All 2021 Forms and Clauses and Annual Summary of Revisions file have been available since December 1, 2020, via orea.com. We encourage Members to review the Summary of Revisions file and their frequently used OREA Forms.
*All access to Forms webinars must be made through your Member login. This OREA resource is for Member participation only.

Exclusive Invite to Partner Boards: TRREB’s 2021 Market Year in Review & Outlook Summit

As you know, TRREB is hosting the 2021 Market Year in Review & Outlook Summit virtually on February 8 at 10:00 am. As a partner board, we would like to take this opportunity to open this complimentary event to your members. You can simply forward the email below, and your members can register simply by clicking on the registration link provided. Seating is limited, so we encourage you to share with your members as soon as possible.

Don’t Miss the Market Event of the Year

There’s no other market event that is as tailored to our industry as this one.

Save your spot for TRREB’s Market Year in Review & Outlook 2021 Virtual Summit taking place on February 8 at 10:00 a.m.

Hear from industry experts and thought leaders representing each market segment who will bring you a wealth of takeaways, including:

  • An inside track on market activity for 2021,
  • Home buying and selling intentions,
  • What’s trending in the new home, commercial and rental markets,
  • The state of mortgage deferrals, and
  • How housing supply can be increased.

Don’t Miss the Exciting Lineup of Speakers

What’s Next for Canadian Housing Markets?

In March 2020, REALTORS® across Canada were forced to pivot their businesses and adapt to a virtual-first environment, prioritizing clients’ needs through evolving health and safety guidelines and tight market conditions.

While we can expect 2021 to be another challenging year, the Canadian Real Estate Association (CREA) continues to support your success with leading industry tools and resources to help you provide the best service to your clients. 
Click here to continue reading: http://view.comms.crea.ca/?qs=d2b351d2c619862ac3b1e40e39245b263bcd767c837d9bb71177c180423df02f58cd00cfb86d9f5e43395ba220bc0a84f54b9fddc3f7c3763ae177b896fd7f71d71e12bb278dfcfd8ad474f2c4edbfb4

EMBARGO – December 2020 CREA statistics

Record December caps record year for Canadian home sales

Ottawa, ON, January 15, 2021 –
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020.

Summary:

  • National home sales rose 7.2% on a month-over-month (m-o-m) basis in December.
  • Actual (not seasonally adjusted) activity was up 47.2% year-over-year (y-o-y).
  • The number of newly listed properties climbed 3.4% from November to December.
  • The MLS® Home Price Index (HPI) rose 1.5% m-o-m and was up 13% y-o-y.
  • The actual (not seasonally adjusted) national average sale price posted a 17.1% y-o-y gain in December.

Home sales recorded over Canadian MLS® Systems jumped by 7.2% between November and December to set another new all-time record. 

Access the December 2020 stats PDF.

For more information, please contact:
Pierre Leduc
Media Relations

BREAKING: State of Emergency Update – Here’s What You Need to Know

By now, you’ve probably heard about the new COVID-19 State of Emergency announced today by the Province.

Broadly speaking the State of Emergency does not have a significant impact on real estate. Real estate continues to be an essential service, members are permitted to continue to transact business and open houses remain prohibited.

With that in mind, the State of Emergency does impact real estate in two ways:

  1. Short-term rentals for recreational purposes are effectively closed as of January 12th, 2021. If a booking was made prior to January 12th it is permitted to go forward.​​​​​
  2. Renovations started before January 12th will be permitted to continue but those that have not started are not permitted to start. The government has not indicated when the new measures will be lifted.

More importantly, the new restrictions are indicative of the seriousness of the situation we find ourselves in. Unfortunately, government projections are predicting things to get much worse.

So far, I’ve been incredibly proud of the commitment our profession has shown to following guidance from OREA and public health officials. That commitment is THE reason why you can continue to serve your clients in the midst of the pandemic.

But I am concerned.

As President, I have heard reports of some Members not following the advice of public health on things like showings and in-person business. This kind of selfish and unprofessional conduct has to stop. Real estate is an essential service to the people of Ontario, and we all have a responsibility to ensure that business is done safely. So, I want to take this opportunity to restate government rules and OREA’s key guidance for Members aimed at keeping you and your clients safe:
 

  • Masks must be worn at all times. The additional requirement announced today mandates that masks must be worn outside in public spaces when social distancing is not possible.
  • Open houses are banned. Full stop. No exceptions anywhere in the Province until the lockdown is lifted.
  • Members should use virtual tools first and to the greatest extent possible to conduct all business. ·
  • Urgently needed in-person showings are permitted but MUST be scheduled in advance. Members should limit the number people in the home to one group of two people (plus the buyer’s sales representative) to allow for physical distancing. Also, PPE should be worn at all times, surfaces & hands should be cleaned and sanitized before and after the showing, and Members should take steps to space out appointments and manage the flow of people inside and outside the home. Read more about OREA’s safe showing practices here.
  • As an essential service, real estate offices and Brokerages may remain open however the Government has stated that all employees who can work from home should do so immediately. OREA strongly encourages Board and Brokerage offices to close unless it is absolutely necessary to be open. COVID-19 screening guidance for workplaces including Brokerages and Real Estate Board offices can be found here; and
  • OREA is working to confirm the impact of the new measures on ancillary services (i.e., staging, photography etc.) and will communicate that to Members as soon as possible.


I know these measures are difficult and we all have had to make sacrifices. But this pandemic will end, and life will return to normal.

Until then, let’s continue to put the health and safety of our clients and communities first.

Thank you for rising to this important challenge. ​​​​​​

Sincerely,
Sean Morrison
OREA President