“November’s housing data from across Canada came in as expected – still pretty quiet – and that is unlikely to improve this winter with the Bank of Canada raising rates again,” said Shaun Cathcart, CREA’s Senior Economist.
Yesterday, the Ford Government introduced the More Homes Built Faster Act, 2022 (“MHBFA”) – their third housing supply bill in the last 5 years.
OREA has led the charge in support of new measures to boost housing supply in Ontario and the MHBFA is a bold step towards getting more attainable homes built in communities right across the Province.
This is the second major pro-housing announcement of 2022 under Premier Doug Ford, and Ontario is on-track to becoming one of the most pro-housing jurisdictions in Canada.
The MHBFA includes five major REALTOR® recommendations including:
Enabling and expediting additional residential units in existing residential areas (OREA Recommendation)
As-of right zoning for higher density around transit (OREA Recommendation)
Limiting the influence of NIMBY groups by preventing third-party appeals for all planning matters (OREA Recommendation)
Making available at least 4 surplus government-owned properties as pilots for attainable housing (OREA Recommendation)
A policy review of Ontario’s growth plan to create 1.5 million homes
Providing a tiered discount on Development Charges for purpose-built rental units, as well as a Development Charge and Community Benefits Charge exemption for affordable housing and inclusionary zoning units
There are over 50 new measures in the bill. OREA’s policy team is diving into the changes and will be communicating more info to REALTORS® soon.
While this new legislation is a progressive step forward on tackling Ontario’s housing crisis, OREA knows that more can be done. OREA will continue to push for a beneficial ownership registry, the reduction of Land Transfer Tax for homebuyers, and the conversion of commercial real estate into residential homes.
Sincerely,
Matthew Thornton Vice President, Public Affairs & Communications
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.
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:
Be a REALTOR® member;
Have been a REALTOR® member for at least five (5) years;
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;
Otherwise not be disqualified by the Act;
In the case of a Regional Director, be licensed in that region.
If elected, must have completed leadership courses as set out in CREA policy within one year of being elected, and
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’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 inGeoWarehouse, 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
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
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.
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.
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
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 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.
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.
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 January13, 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.
Brampton Real Estate Board 
