CREA Office Closed During the Holiday Season

The Canadian Real Estate Association’s (CREA) office will close as of end-of-day on Thursday, December 22 and re-open on Tuesday, January 3, 2023 at 8 a.m. (EST).

CREA’s Member Experience Centre will not be available on the following dates

  • December 23, 24, 25, 26, 27, 30 and 31, 2022, and
  • January 1 and 2, 2023.

CREA’s Member Experience Centre will be available for members as well as all boards and associations on:

  • Wednesday, December 28 from 8 a.m. to 8 p.m. (EST); and
  • Thursday, December 29 from 8 a.m. to 8 p.m. (EST).

The Member Experience Centre for CREA WEBForms® will be extended on:

  • Friday, December 23 from 8 a.m. until midnight (EST);
  • Saturday, December 24 from 8 a.m. until midnight (EST);
  • Monday, December 26 from 8 a.m. until midnight (EST);
  • Tuesday, December 27 from 8 a.m. until midnight (EST);
  • Wednesday, December 28 until midnight (EST);
  • Thursday, December 29 until midnight (EST);
  • Friday, December 30 from 8 a.m. until midnight (EST);
  • Saturday, December 31 from 8 a.m. until midnight (EST);
  • Monday, January 2 from 8 a.m. until midnight (EST).

If you have any questions, please direct them to support@crea.ca.

Happy holidays and happy New Year!

Notice of The 2023-2024 CREA Board of Directors Elections

The Canadian Real Estate Association (CREA) is seeking experienced and skilled REALTORS® to put their names forward as candidates for the 2023-2024 Board of Directors. As part of the application, you will have an opportunity to include any additional materials you would like displayed on member.CREA.ca to support your candidacy (e.g., letters of reference, resume, photo, etc.). The deadline for submissions is Friday, February 17, 2023.

POSITIONS AVAILABLE:

Director-at-Large:
There are three (3) Director-at-Large positions available (each for a two-year term).

Regional Director:
There are five (5) Regional Director positions available (four for a two-year term, one for a one-year term) from each of the following regions: British Columbia/Yukon, Manitoba, Quebec, the Atlantic Region (New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland & Labrador), and Ontario (one-year term).

QUALIFICATIONS OF DIRECTORS:

Persons wishing to be elected either as a Director-at-Large or a Regional Director must:

  1. Be a REALTOR® member;
  2. Have been a REALTOR® member for at least five (5) years;
  3. Have a minimum of three (3) years’ experience within the last ten (10) years sitting on a Board of Directors of a Canadian not-for profit corporation or a public body;
  4. Otherwise not be disqualified by the Act;
  5. In the case of a Regional Director, be licensed in that region.
  6. If elected, must have completed leadership courses as set out in CREA policy within one year of being elected, and
  7. Complete the candidacy documents in the form provided by CREA.

The deadline for candidate submissions is Friday, February 17, 2023.

The Director-at-Large elections will take place at CREA’s Annual General Meeting on Tuesday, April 18, 2023. The Regional Director elections will take place prior to the CREA AGM at a time and place to be determined.

MPAC January Webinars for REALTORS®

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 January. 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.

Thursday, January 5, 2023
10 to 10:30 a.m. EDT
Register now
Thursday, January 5, 2023
1 to 1:30 p.m. EDT
Register now
View all dates available

JANUARY 2023

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, January 17, 2023
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, January 4, 2023
10 to 11 a.m. EDT
Register now

Tuesday, January 31, 2023
1 to 2 p.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, January 10, 2023
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

Wednesday, January 25, 2023
10 to 10:30 a.m. EDT
Register now

Improving the learning experience through mandatory continuing education

We are excited to share some progress updates about our learning management system (LMS) for mandatory continuing education (MCE). Program enhancements will include an upgraded look and feel and an overall improved user experience. The new LMS will also offer a more powerful platform for future enhancements and opportunities. These updates are underway as we continue to deliver educational content to you securely and reliably.

Please note these key dates:

  • There will be a blackout period from January 23 to 30, 2023. You cannot access your course material during this time.
  • You must complete your MCE courses by January 22, 2023 to maintain your progress status. Completion of mandatory training for any registrations that renew during the blackout period must be completed by this time. Failure to complete this will delay your ability to renew.
  • The new LMS platform will launch on January 31, 2023.

To learn more, please review our FAQ or call us at 1-800-245-6910.

November 2022 CREA statistics

Canadian home sales edge down from October to November

Ottawa, ON, December 15, 2022 –
 Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022.

Highlights:

  • National home sales declined by 3.3% month-over-month in November.
  • Actual (not seasonally adjusted) monthly activity came in 38.9% below November 2021.
  • The number of newly listed properties edged down 1.3% month-over-month.
  • The MLS® Home Price Index (HPI) declined by 1.4% month-over-month and was down 4.4% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 12% year-over-year decline in November

Home sales recorded over Canadian MLS® Systems fell by 3.3% between October and November 2022, more than erasing October’s small gain and rejoining the moderating sales trend that began back in February. 

Access the November 2022 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 2K9
Tel: +1 (613) 237-7111

UPDATE: Prohibition on the Purchase of Residential Property by Non-Canadians Act

On January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act comes into force. 

As of today, December 9th, the government has still not released the supporting regulations for the law. Regulations typically include definitions, exceptions, and enforcement elements to help individuals understand and comply with the law. CREA had been told we would be receiving a communication this week, but received word there was another delay yesterday.

In the absence of new details, this information published in News2Me in September continues to be accurate.

In October, CREA formally wrote to the Ministers responsible for the Act and asked for a delay to the coming into force of the legislation. CREA still have not received a response.

This is totally unacceptable, and the Canadian Real Estate Association (CREA), as well as other affected groups, have made multiple interventions to the government to indicate as much. This week CREA’s CEO, Michael Bourque, made the following statement at the Senate Committee on National Finance.

As soon as any guidance is released, we will notify boards, associations and REALTORS®. We know this is a very difficult situation for our members and will continue to press for answers and information.

Public Records Phasing Out on January 5: Propertyline™ Available in GeoWarehouse®

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.

Cardarelli Legacy Award – Call for Nominations

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.comSubmissions 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.

Upcoming OREA Standard Forms Webinar – New Year. New Forms 2023 OREA Forms & Clauses Update

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.

Auditor General releases value-for-money audit report on RECO

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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