The Old Add/Edit is Sunsetting on May 2
Time is running out. The new Add/Edit is replacing the old version on Tuesday, May 2. After this date, you will only have access to the new Add/Edit through Stratus, REALM™ or Matrix.
For a seamless transition, make sure your drafts in the old Add/Edit are live by Monday, May 1 at 5:00 p.m. If not, you will have to rekey them in the new Add/Edit. The draft upload function in WEBForms® will also no longer work in the old Add/Edit.
As of Tuesday, May 2, you must use the new Add/Edit to enter and manage your listings.
All new listings must include the Property Identification Number (PIN). The PIN can easily be accessed via GeoWarehouse® and for most properties should auto-populate when a listing is entered using the new Add/Edit.
Using the New Add/Edit
This modern and improved Add/Edit allows you to:
- Easily add and edit listings with a new auto-fill feature from the land registry.
- Upload a variety of documents and sizes.
- Instantly watermark listing photos with your brokerage name.
Listings that are created in the new Add/Edit will have watermarks of the listing brokerage name on the photographs. The size and position of the watermarks are determined by the MLS® Committee and Board of Directors, and the watermarks comply with MLS® Rule R-385.
Accessing the New Add/Edit
Access to Add/Edit is provided by Brokers of Record or Managers. All existing permissions apply to the new Add/Edit.
Watch this short video to learn how to use the permissions manager in Add/Edit.
When you click the Add/Edit link in Stratus, REALM™ or Matrix, you will see a pop-up menu.
- Click the Start Now button to access the new Add/Edit.
- The old Add/Edit is available using the Continue button.
- Find training resources and news by selecting the Learn More button.
Getting Help
Contact the Help Desk at 416-443-8111.
You can also email your feedback to add_editfeedback@trreb.ca.
Sign Up for Training
Visit Add/Edit Central for news and training opportunities.
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Old Add/Edit Sunsetting on May 2
The new Add/Edit is modern and user-friendly. Try it now to see how easy it is to enter and edit listings. Get started with the new Add/Edit before the old version is no longer available on Tuesday, May 2. After this date, you will only have access to the new Add/Edit in Stratus, REALM™, or Matrix.
Faster Forms with SkySlope
Save time with SkySlope Forms. Easily find, fill, and sign real estate forms with auto-populating data fields and embedded e-signatures. Try it out now to learn why this forms library will simplify your workflow. To get started, sign up for the training sessions or watch this training video now.
Get Ready for SkySlope Offers
Soon, you can take advantage of SkySlope Offers. This new tool features everything you need to collect, compare, and accept offers like a pro. The easy-to-follow dashboard captures every offer on your listings on a single page. Look out for more information to land in your inbox soon.
More to Explore in the Homebuyer Hub
Expanded coverage is now available in the HoodQ Homebuyer Hub. Discover Neighbourhood Guides that highlight population, transit options, recreational amenities, and home types in the Greater Toronto Area and Greater Golden Horseshoe.
Listing Activity with ListTrac
Gain access to important metrics, such as listing views, shares, leads, and favourites, and monitor the average time someone spends viewing each listing with ListTrac. Track the activity on your listings on BREB’s MLS® System, including REALM™, Stratus, Matrix, TRREB.ca, and realtor.ca. Watch this demo now to learn how to use this tool.
Coming Soon: Restb.ai
This leading image recognition technology analyzes property information to unlock real estate specific insights and improve property valuations. Restb.ai automates the listing process by extracting data, provides protections for your websites, and increases the searchability of BREB MLS® System data and photo compliance protections.
New Homes and Commercial Data
Altus Data Studio provides you with deeper insights on office, retail, and industrial spaces and the pre-construction market. This user-friendly tool will replace RealNet and Altus InSite later this year. You can try and test the beta version now which is optimized for desktop computers and laptops.
March 2023 CREA statistics and Quarterly forecast
Canadian home sales continue to rise in March as markets tighten
Ottawa, ON, April 14, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in March 2023.
Highlights:
- National home sales rose 1.4% month-over-month in March.
- Actual (not seasonally adjusted) monthly activity came in 34.4% below March 2022.
- The number of newly listed properties dropped a further 5.8% month-over-month.
- The MLS® Home Price Index (HPI) edged up 0.2% month-over-month but was down 15.5% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 13.7% year-over-year decline in March.
Home sales recorded over Canadian MLS® Systems posted a 1.4% increase from February to March 2023. The small rise built on an increase of the same size in February, marking the first back-to-back monthly gains in more than a year. A standout in March was a big bounce in sales in B.C.’s Fraser Valley.
Access the March 2023 stats PDF.
CREA Updates Resale Housing Market Forecast
Ottawa, ON April 14, 2023 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity and average home prices via Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations for 2023 and 2024.
National home sales have remained little changed from month to month since the summer of 2022 and, in fact, posted modest back-to-back monthly gains in February and March 2023. With nearly a year without any large declines, the downward adjustment to sales activity from rising interest rates and high uncertainty looks to be in the rear-view mirror.
Access the April 2023 forecast PDF.
Two New Features in Matrix: OneHome™ and Prospects Mobile
Matrix is getting an updated look and feel. The new version is more modern and has a new responsive search that works across multiple devices. You’ll get the same information you know and trust to guide your clients buying and selling decisions in this new easy-to-use layout and design.
Plus, you can stay connected with your clients in Matrix on the go with two new features, OneHome and the Prospects Mobile App, launching this spring.
Coming Soon: OneHome
This client portal in Matrix takes collaboration and customer service to a new level. Available to your clients by invitation only, OneHome:
- Provides essential property data, neighbourhood insights, location scores, school boundaries, and more.
- Shares your client’s search behavior so you can better understand their priorities.
- Helps rank listings by suitability to provide clients with a better search experience.
- Offers unique tools for clients to add notes to properties they are interested in.
Download a OneHome datasheet and printable tips.
Coming Soon: Prospects Mobile
This new mobile app is fully integrated with Matrix and gives you the ability to conduct business anywhere, anytime. You can:
- Search listings or access saved searches on-the-go.
- Manage your contacts.
- Communicate with clients, and more.
To get started, search Prospects Mobile in your app store to download.
After installing the app, select Ontario, then TRREB, and enter the credentials you use to access Matrix.
Then, you will need to send an invitation with the unique code to your client to download the GoAgent app. This is a separate app dedicated for your clients.
Visit the Learning Lab
Take advantage of on-demand videos, FAQs and user guides in the Matrix Learning Lab. The link to the Learning Lab can be found in the “My Matrix” dashboard.
Sign Up for Training
Register to learn more about the new features in Matrix with these one-hour sessions.
- OneHome™ Training
- Prospects Mobile Training
Mandatory Fields Coming Soon
To help you better serve your clients, enhance listing accuracy and preserve the integrity of the MLS® data, the following property listing fields on BREB’s MLS® System will be made mandatory as outlined below.
Property Identification Number (PIN)
As of May 2, all new listings must include the Property Identification Number (PIN). The PIN can easily be accessed via GeoWarehouse and for most properties should auto-populate when a listing is entered using the new Add/Edit. Using this unique 9-digit number identifies if a property is registered, who is on the title and if there are any mortgages and liens.
Room Dimensions
Starting on June 1, room dimensions will be mandatory on all new residential property listings. It will be the responsibility of the listing agent to measure each room and include the room sizes on all residential listings.
Square Footage
The square footage requirements on all new residential property listings will also be mandatory as of July 1. BREB is working to make the appropriate source of information available to Members. More details on this initiative will follow in the coming weeks.
Attachments Viewable After Listing is Unavailable
All attachments will remain viewable in REALM™, Stratus and Matrix after the listing is unavailable.
CREA Office Closed for Easter
The Canadian Real Estate Association’s (CREA) office will be closed on Friday, April 7 and Monday, April 10. The offices will re-open on Tuesday, April 11.
On Friday, April 7 (Good Friday), CREA’s Member Experience Centre will not be available. Members can call in for CREA WEBForms® related issues between 8 a.m. and midnight (EDT).
CREA WEBForms® support will be available all weekend.
On Monday, April 10 (Easter Monday), the Member Experience Centre will be running support for boards, associations and members from 8 a.m. to 8 p.m. (EDT). After-hours support for CREA WEBForms® is available until midnight.
If you have any questions, please contact support@crea.ca.
Have a safe and happy long weekend.
The New Add/Edit Is Here!
Starting today, you can use BREB’s new Add/Edit to enter and edit new listings in Stratus, REALM™ or Matrix.
The new Add/Edit is available in parallel with the old Add/Edit through Tuesday, May 2. After this date, the old Add/Edit will no longer be available.
Exciting new Add/Edit features include:
- Easily add and edit listings with a new auto-fill feature from land registry.
- Upload a variety of documents and sizes.
- Listing photos are instantly watermarked with your brokerage name.
How the Parallel Transition Period Works
During the parallel transition period, you are encouraged to enter and manage all new listings using the new Add/Edit. Listings entered using the new Add/Edit are only manageable in this version. To make any changes or updates to your existing listing(s), you must use the system you originally used to enter it.
Until Tuesday, May 2, listings entered using the old Add/Edit are only manageable in the old Add/Edit. After this date, all listings must be entered and managed using the new Add/Edit.
Accessing the New Add/Edit
When you click the Add/Edit link in Stratus, REALM™ or Matrix, you will see a new pop-up menu.
- Click the Start Now button to access the new Add/Edit.
- The old Add/Edit is available using the Continue button.
- Find training resources and news by selecting the Learn More button.
Getting Help
Contact Help Desk at 416-443-8111.
You can also email your feedback to add_editfeedback@trreb.ca
Getting or Providing Permission to Access the New Add/Edit
Access to Add/Edit is provided by Brokers of Record or Managers. All existing permissions apply to the new Add/Edit.
Plus, visit Add/Edit Central for the latest news and training opportunities.
Federal Budget 2023 and Amendments to the Foreign Buyer Ban
Today, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland tabled the second budget of the 44th parliamentary session, “A Made-in-Canada Plan”. This budget is heavily focused on measures to address the cost-of-living crisis, provide inflation relief, invest in public health care, and build Canada’s clean economy.
The budget followed an announcement of amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, on Monday, March 27. The Canadian Real Estate Association (CREA) has been actively lobbying for changes to the prohibition since it was announced.
The announced amendments include:
- Enable more work permit holders to purchase a home to live in while working in Canada. Amending the exception for temporary workers to enable work permit holders with 183 days or more of validity remaining on their work permit or work authorization to purchase a residential property.
- Repealing existing provision so the prohibition doesn’t apply to vacant land. Repealing the vacant land provision from the definition of residential property so that the prohibition does not apply to the purchase of vacant land zoned for residential and mixed use.
- Exception for development purposes. This exception allows non-Canadians to purchase residential property for the purpose of development. The amendments also extend the exception currently applicable to publicly traded corporations under the Act, to publicly traded entities formed under the laws of Canada or a province and controlled by a non-Canadian.
- Increasing the corporation foreign control threshold from 3% to 10%. Increasing the control threshold from 3% to 10% so that any corporation or entity with 10% or more direct or indirect ownership of shares or ownership interests by a non-Canadian is subject to the prohibition.
Housing Measures in Budget 2023
As anticipated, “A Made-in-Canada Plan” reiterates existing housing measures and investments the government has previously announced and, while these investments are considerable, they’re not sufficient to address the current housing crisis. We’ll continue to advocate for solutions to address the urgent nature of the housing crisis, and the need for more housing supply across the entire continuum.
The following measures were included:
Building More Affordable Housing
The government intends to support the reallocation of funding from the National Housing Co-Investment Fund’s repair stream to its new construction stream, as needed, to boost the construction of new affordable homes for Canadians.
Urban, Rural, and Northern Indigenous Housing Strategy
Budget 2023 proposes to commit an additional $4 billion to Canada Mortgage and Housing Corporation (CMHC) to implement a co-developed Urban, Rural, and Northern Indigenous Housing Strategy.
Mortgage Lenders Code of Conduct
The federal government, through the Financial Consumer Agency of Canada, is publishing a guideline to protect Canadians with mortgages who are facing exceptional circumstances. They intend to ensure that federally regulated financial institutions provide Canadians with fair and equitable access to relief measures that are appropriate for the circumstances they are facing. This includes extending amortizations, adjusting payment schedules, or authorizing lump-sum payments. Existing mortgage regulations may also allow lenders to provide a temporary mortgage amortization extension—even past 25 years.
Flood Insurance Program
The government proposes to provide $31.7 million over three years, starting in 2023-24, to Public Safety Canada and CMHC to work with the Department of Finance Canada to create a low-cost flood insurance program, aimed at protecting households at high risk of flooding and without access to adequate insurance.
Raising Awareness of Flood Risks
Budget 2023 proposes to provide $15.3 million over three years, starting in 2023-24, to Public Safety Canada to create a publicly accessible online portal where Canadians can access information on their exposure to flooding.
Financialization of Housing
The federal government reiterated their commitment to tackling the financialization of housing through existing measures, including the two-year ban on foreign investment in Canadian housing, the tax on underused foreign-owned homes, taxing assignment sales and making sure properties held for less than 12 months are taxed fully.
The government believes more could be done to ensure homes are affordable, which is why policy changes applicable to large corporate landlords could be considered to ensure affordability and fair treatment of tenants. They want to ensure that investor activity, especially among those who own a significant number of investment properties, is helping, not hurting, housing affordability and will review whether there’s a need to rebalance the housing market.
Equity in Housing
The government will consult on changes required to remove regulatory barriers for home buyers from diverse communities seeking access to alternative financing products.
Home Buyers’ Bill of Rights
The government remains committed to developing a Home Buyers’ Bill of Rights, but has heeded CREA’s warnings and understands the authority of provinces in setting these rules, stating they will work with provinces and territories to develop this plan. We will continue to engage with the government on this issue during consultations, ensuring the rights of sellers are balanced with those of buyers; asserting provincial jurisdiction in this area.
Additionally, we’ve previously highlighted a number of government housing programs and initiatives that REALTORS® should keep in mind.
Below are several initiatives that were reiterated in the budget, including:
- Financial institutions will be able to start offering the Tax-Free First Home Savings Account (FHSA) to Canadians as of April 1, 2023;
- The government finally launched a new $4 billion Housing Accelerator Fund to remove barriers and incentivize housing supply growth on March 17, 2023;
- A two-year ban on non-resident, non-Canadians purchasing residential property, amended on March 27, 2023;
- A 1% annual underused housing tax on the value of non-resident, non-Canadian owned residential property that is vacant or underused;
- A $200 million stream under the Affordable Housing Innovation Fund to develop and scale up rent-to-own projects; and
- A third round of the Rapid Housing Initiative, which is providing $1.5 billion to create new affordable housing units for Canadians in severe housing need.
As a result of our collective lobbying efforts, the attention the housing sector has received over the last few years is unprecedented. There is a lot of work that still needs to be done and we will continue to engage with the government on federal housing initiatives that impact our industry and members, ensuring REALTOR® positions are heard. We will also continue to work with boards, associations, and REALTORS® to present a unified approach.
MPAC April webinars for REALTORS®
As most REALTORS® are aware, January 5 marked the official transition date to the new MPAC propertyline™ e-store. With the legacy (former) propertyline™ and BREB’s Public Records switching to a records only view until June 30, we want to ensure that users are familiar with the new interface and know how to access MPAC data through the new single-sign on process integrated directly with GeoWarehouse™ and possibly your Board’s MLS provider.
To help with user transition, MPAC has scheduled a special training webinar that it will continue to run weekly on the new propertyline™. See below for the more information, as well as upcoming dates and registration details.
Special training webinar – new propertyline™ e-store
Enhanced Assessment 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 REALTORS® Insights to keep you informed with the latest property market data, resources, personalized support and training materials.
| Tuesday, April 4, 2023 1 to 1:30 p.m. EDT Register now | Wednesday, April 19, 2023 10 to 10:30 a.m. EDT Register now |
| Tuesday, April 11, 2023 1 to 1:30 p.m. EDT Register now | Thursday, April 27, 2023 10 to 10:30 a.m. EDT Register now |
APRIL 2023 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 Thursday, April 6, 2023 10 to 11 a.m. EDT Register now Tuesday, April 18, 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 (AVM) for REALTORS® webinars Wednesday, April 12, 2023 10 to 11 a.m. EDT Register now Wednesday, April 26, 2023 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 Thursday, April 13, 2023 1 to 2 p.m. EDT Register now Tuesday, April 25, 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, April 5, 2023 10 to 10:30 a.m. EDT Register now Thursday, April 20, 2023 10 to 10:30 a.m. EDT Register now |
Brampton Real Estate Board 