April 2022 Market Stats Infographics

RESIDENTIAL – Total Residential Transactions
RESIDENTIAL – Average Selling Price
RESIDENTIAL – Total New Listings & Sales-to-New Listings Ratio
RESIDENTIAL – Property Days on Market & Listing Days on Market
COMMERCIAL – All Leasing Activity & All Sales Activity
COMMERCIAL – Avg. Industrial Lease Rate & Avg. Com/Ret Lease Rate
COMMERCIAL – Avg. Office Lease Rate

CONDOMINIUM – Total Condo Apartment Sales & Average Selling Price
CONDOMINIUM – Total New Listings & Sales-to-New Listings Ratio
CONDOMINIUM – Days on Market
CONDOMINIUM – Total Apartment Rentals & Average 1-Bdrm. Apartment Rent
CONDOMINIUM – Total New Listings

One Month Left Before REALM™ Replaces Collaborate

REALM™ helps you succeed with advanced market tools and secure real-time communication with your clients. This new MLS® System is replacing Collaborate on June 1 and then Stratus at the end of 2022.

Get on board and see why thousands of Members are taking advantage of the seamless chat function to exchange listings and share documents in a single mobile-friendly design.

Access REALM™ in Three Steps

Getting started with REALM™ is easy. It’s the same credentials you use for the TRREB Home Page, Stratus or Collaborate.

Download the REALM™ app (iOS or Android). Or, log in to REALM™ via desktop at app.realmmlp.ca.

To log in:

  1. You need your TRREB Member number,
  2. Four-digit PIN, and
  3. Authenticator password.

Then, your first step is visiting the “Show me how” tab on the right-hand side of the screen. Discover the onboarding tutorials, walk-throughs and other helpful resources on the features and functions of REALM™.

Migrate Your Data from Collaborate to REALM™

Use the built-in assistant right in REALM™ for a seamless switch.

On your desktop, it’s accessible on the right side of your screen. Select the “Show me how” tab to get started, click on “Onboarding” and scroll to the bottom.

A step-by-step guided migration process will start.

Then, simply choose to import your existing data from Collaborate to REALM™. This choice may only be made once.

The following data is imported:

  • Saved Lists, Searches and Results
  • Clients and Client Activity
  • User Activity and History
  • Email and Chat Conversations
  • Teams and Documents

How do I inform my clients about the switch from Collaborate to REALM™?

The credentials your clients used in Collaborate are the same in REALM™.

As part of the migration from Collaborate to REALM™, your active clients are notified of your upgrade to REALM™. This is an easy, automatic process that avoids any disruption between you and your clients.

Once your migration is done, you will receive a notification confirming that your data migration was successfully completed and your clients were notified of the transition. All your clients need to do is check their inbox for the confirmation email and follow the steps to log in to REALM™.

Sign Up for Free Training

Discover ten training sessions to get you comfortable with REALM™ features and functions.

Using Collaborate? Switch to REALM™ Now!

This new MLS® System provides you with the communication, property research and market tools you need to help you succeed. Save time and foster stronger relationships with your clients through the secure, real-time communication portal that positions you as the expert in their real estate journey.

REALM™ is replacing Collaborate on June 1. After that date, you can no longer use Collaborate. Remember, at the end of 2022, Stratus will not be available, so get on board with REALM™ today.

Rest assured, we’re here for you every step of the way with answers to your questions and unlimited free training.

How can I start using REALM™?

Getting started with REALM™ is easy. You need your TRREB Member number, four-digit PIN and authenticator password to log in. It’s the same credentials you use for the TRREB Home Page, Stratus or Collaborate.

Once you’ve logged in, your first stop should be the “Show me how” tab on the right-hand side of the screen. Discover the onboarding tutorials, walk-throughs and other helpful resources on the features and functionality of REALM™.

How can I migrate my data from Collaborate to REALM™?

Use the built-in assistant right in REALM™ for a seamless switch. On your desktop, it’s accessible on the right side of your screen. Select the “Show me how” tab to get started, click on “Onboarding” and scroll to the bottom.

You will then start a step-by-step guided migration process.

Then, simply choose to import your existing data from Collaborate to REALM™. This choice may only be made once.

The following data is imported:

  • Saved Lists, Searches and Results
  • Clients and Client Activity
  • User Activity and History
  • Email and Chat Conversations
  • Teams
  • Documents

How do I inform my clients about the switch from Collaborate to REALM™?

As part of the migration from Collaborate to REALM™, your active clients are notified of your upgrade to REALM™. This is an easy, automatic process that avoids any disruption between you and your clients.

Once your migration is complete, you will receive a notification confirming that your data migration was successfully completed and your clients were notified of the transition.

Quick tip: the credentials your clients used in Collaborate are the same in REALM™.

Or, share how they can access REALM™ in two steps:

  1. Download the REALM™ app (iOS or Android).
  2. Or, log in to REALM™ via desktop at app.realmmlp.ca.

Sign Up for Free Training

Discover how REALM™ helps you succeed with weekly training. There are ten sessions to get you comfortable with the features and functions.

EMBARGO – March 2022 CREA statistics

PLEASE NOTE: The information contained in this email and the attached documents are embargoed and cannot be released until 9 am (Ottawa time) Tuesday, April 19, 2022.

March home sales and new listings ease back following surge in February 

Ottawa, ON, April 19, 2022 –
Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales and newly available listings both retreated in March 2022 after having jumped briefly higher in February.

Highlights:

  • National home sales fell back by 5.4% on a month-over-month basis in March.
  • Actual (not seasonally adjusted) monthly activity came in 16.3% below the all-time sales record set in March 2021.
  • The number of newly listed properties was down 5.5% month-over-month.
  • The MLS® Home Price Index (HPI) rose 1% month-over-month and was up 27.1% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted an 11.2% year-over-year gain in March.

Home sales recorded over Canadian MLS® Systems fell back 5.4% between February and March 2022. The decline puts activity back in line with where it had been since last fall. 

Access the March 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

Doug Ford and Blind Bidding.

Hello Gerry, 

Ontario Premier Doug Ford believes that homeowners should be able to choose to sell their home as they wish.

Premier Ford opposes a ban on blind bidding and mandatory home auctions.

Click below to hear from Doug Ford himself and then please take a moment to share the post to your own social media accounts.  
 
Watch & Retweet!

It is important that as many people see this clip as possible, so please do take a moment to share it as widely as you can!

Thanks,

Stacey Evoy
President, OREA
 

CREA Office Closed for Easter

The Canadian Real Estate Association’s (CREA) office will be closed on Friday, April 15 and Monday, April 18. The offices will re-open on Tuesday, April 19.

On Friday, April 15 (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 18 (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.

CREA Welcomes the Focus on Addressing Canada’s Housing Supply Crisis in Budget 2022

Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland tabled “A Plan to Grow Our Economy and Make Life More Affordable”, the first budget of the 44th parliamentary session. As anticipated, this budget is heavily focused on addressing the housing crisis in Canada and acknowledges the importance of housing to both individual Canadians and the Canadian economy.

In her address to Parliament, the Deputy Prime Minister stated: “Housing is a basic human need, but it is also an economic imperative. Our economy is built by people, and people need homes in which to live. But Canada does not have enough homes. We need more of them, fast.”

This Budget highlights the impact and success of consistent, unified, and disciplined REALTOR® community advocacy over the last number of years. This Budget implements many of the asks we have put forward to Parliamentarians, a recognition of the important role REALTORS® play within both the housing and advocacy sector. REALTORS® should be proud of their efforts to highlight: the dire need for more supply across the entire housing continuum; the need for governments at all levels to work together to address the issue; the role federal infrastructure dollars can play to incent provinces and municipalities to build more supply; and the primacy of provincial jurisdiction related to the rules surrounding real estate transactions.

Significantly, the government acknowledges a need to build 3.5 million new homes by 2031, and sets a target of doubling the rate of construction of new housing units over the next decade.

Specific REALTOR® advocacy positions that are included in this budget include:

  • Creating flexibility to tie access to infrastructure funding by province, territories and municipalities to increase housing supply;
  • A new Housing Accelerator Fund that will spend $4B over five years to support updated processes and systems, and encourage municipalities to build 100,000 (net new) housing units;
  • Leveraging transit funding to build more homes;
  • Doubling the First Time Home Buyers’ Tax Credit;
  • Implementation of the promised Tax-Free First Home Savings Account;
  • Implementing the promised Multigenerational Home Renovation Tax Credit; and
  • Implementing a publicly accessible, beneficial ownership registry of corporations governed under the Canada Business Corporations Act by 2023.

Additionally, the government has committed to a variety of other measures related to the housing sector:

  • Support for Rent-to-Own Projects to assist Canadians on to their path to homeownership;
  • A new Co-Op Housing Development Program;
  • $1.5 billion for new affordable housing spending through the Rapid Housing Initiative;
  • A review of housing as an asset class, in order to better understand the role of large corporate players in the market and the impact on Canadian renters and homeowners;
  • Restrictions that would prohibit foreign commercial enterprises and people who are not Canadian citizens or permanent residents, from acquiring non-recreational, residential property in Canada for two years;
  • New rules to ensure profits from flipping properties are taxed “fairly.” These proposed rules will be triggered when a property is held for less than 12 months. The government notes, importantly, the measure is intended to make sure flippers pay their “fair share, while protecting the current, vitally important, principal residence exemption for Canadians who use their houses as homes.
  • An extension of the First Time Home Buyer Incentive, and a review to make the program more flexible and responsive;
  • Investments in housing for Indigenous Communities;
  • Doubling the Home Accessibility Tax Credit to $20,000 for 2022 and the subsequent tax years, accounting for a tax credit of up to $3,000; and
  • The government proposes that all “assignment sales” of newly constructed or renovated residential housing be taxable for GST/HST purposes. This will come into effect May 7, 2022.


The Liberals remain committed to developing a home buyer “Bill of Rights” that will include a ban on blind bidding, as well as a potential legal right to home inspection. The government has taken our warnings and understands the primacy of provinces in setting these rules and states they will work with provinces and territories over the next year to bring forward a “national plan.” We will continue to engage with government on this issue during their consultations. Balancing the right of sellers with those of buyers; asserting provincial jurisdiction in this area; and protecting the rights of homeowners are the values that will guide our submissions.  

The attention the housing sector has received within Budget 2022 is unprecedented, and CREA’s Government Relations team will be active within the coming weeks to develop a full understanding of the implications of the varied proposals, and to represent REALTOR® positions with decision makers. We will work with boards, associations and REALTOR® PAC Reps to present a unified approach.

Beyond housing, the government identifies three “pillars” upon which they have developed the budget document:
•    Investing in People
•    Investing in the Green Transition
•    Investing in Innovation and Productivity

Read the full text of Budget 2022

The budget will be debated for up to four days, after which a vote on the main motion will be held.  

The wait is over.

Hello Gerry, 

The Standard is BACK!

We’re thrilled to announce the launch of Season 2 where we’re bringing you 10 live, weekly, episodes where you’ll get to connect with OREA Standard Forms experts in real-time.

Episode 1 goes live on April 14th at 11:00 a.m.  
 
REGISTER NOW

Hosted by OREA’s Head of Standard Forms, Cassandra Agnew Walker, and co-hosted by OREA’s Senior Manager, Standard Forms Projects and Communications, Kelly Billings, The Standard is your chance to enhance your knowledge and understanding of OREA Forms and Clauses.

Join us for ten, 45-minute, weekly episodes where you’ll get to ask your most pressing Standard Forms questions and have them answered by the most knowledgeable subject-matter experts in the province.

For more information on dates, topics, and special guests, visit orea.com/TheStandard.

See you soon!

The OREA Standard Forms Team

*All access to Forms Webinars must be made through your Member login only. This OREA resource is for Member participation.
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