Doing Business With Colombian Tech Companies

On Thursday, May 10, the City of Hamilton, in association with Gateway to Trade, is hosting a delegation of 14 companies from Colombia exploring strategic alliances for co-development  with companies in the Greater Hamilton area. The Colombian companies are in the digital creative and animation, software, VR/AR, mobile and audiovisual industries. Two of the visiting companies focus on next-gen visualization tech specifically for real estate/property development/industrial development.

This B2B opportunity is open to anyone who would like to meet one-on-one with one or more of the Colombian delegates. There is no cost to attend, but registration is required.

The process for registering and scheduling a meeting with a delegate is:

  1. View company profiles here
  2. Request your meetings:  Submit the form at the above link
    3. Attend the event and your scheduled meeting on May 10.

The details:

Thursday, May 10, 2018
McMaster Innovation Park, 175 Longwood Road, Hamilton
Noon – 1 p.m. – Networking Lunch
1 p.m. – 4 p.m. – Scheduled meetings

 

Help Protect the Dream

The Ontario Real Estate Association (OREA) is urging all Ontario REALTORS® to help protect the Canadian dream of home ownership for future generations.

OREA’s research shows that to keep the dream alive, governments need to:

  • Ensure the right type of housing is available to meet future needs
  • Make home ownership more affordable for first time buyers
  • Increase supply to fill the demand as it grows

How can you help?

  1. Learn more about future buyers’ prospects for home ownership at keepthedreamalive.ca
  2. Contact your local candidates in the upcoming provincial election to make them aware of the issues, then encourage them to commit to supporting policies that will make home ownership in Ontario more affordable.

Visit keepthedreamalive.ca for all the details, including how to contact your local candidates; OREA can help you make a difference in the June 7 provincial election.

 

OREA’s Action Plan for Cannabis Legalization

What harm can a plant or two – or four – do?

If the plant is marijuana and it is being grown indoors, as will likely be allowed by pending federal legislation, the answer may be “plenty”. Growing marijuana indoors can lead to the growth of mold and fungus, which can pose serious health risks for anyone living in the property. These effects are not limited to massive grow ops; with the suggested maximum of four plants, the light and heat from the lamps needed by the plants can cause dangerous levels of mold and fungus.

This is a serious issue for REALTORS® who will be called on to list or sell properties which may be damaged by marijuana grown either legally (once legislation is approved) or illegally.

The Ontario Real Estate Association (OREA) developed a five-point Action Plan for Cannabis Legalization for the Province to consider as it decides how to manage legalized marijuana. The recommendations in the plan focus on the effects of indoor marijuana plants on homes, home owners and home buyers, and includes proposals for dealing with illegal grow operations as well as legal plants. OREA unveiled their plan at a press conference at Queen’s Park on Monday, April 9, 2018.

Please visit www.ProtectOntarioHomes.ca to learn all about OREA’s Action Plan for Cannabis Legalization, the issues with growing marijuana indoors, and how you can support OREA’s plan by writing to your MPP.

Click here to watch OREA’s announcement at Queen’s Park on Monday, April 9, 2018.

Pier 8 Waterfront Development – Check Out the Proposals!

Want to see what’s being proposed for Hamilton’s Pier 8? Concepts from each of the four finalists will be on display for the public the following dates and times:

                Date/Time                            Location
Saturday, April 7:  10 a.m. – 1 p.m.
(City staff present for entire session)
Williams Fresh Cafe at Pier 7 (Upper Level)
Sunday, April 8: 11 a.m. – 2 p.m.
(City staff present for entire session)
Lime Ridge Mall, Level 2 Centre Court
Monday, April 9:  9 a.m. – 9 p.m. 
Tuesday, April 10:  9 a.m. – 9 p.m.
(City staff present 5 – 7 p.m. only)
Hamilton Public Library, Central Branch
Wednesday, April 11: 10 a.m. – 4:30 p.m.
Thursday, April 12: 10 a.m. – 4:30 p.m.
Friday,  April 13: 10 a.m. – 9 p.m.
(City staff present on Friday only, from 6  – 9 p.m.)
Evergreen Community Storefront, 294 James St. N.
Saturday, April 14: 12 – 5 p.m.
Sunday, April 15: 12 – 5 p.m.
(Not staffed; static display only)
Art Gallery of Hamilton, Second Floor, Fischer Gallery
Monday, April 16: 8:30 am – 4:30 pm
Tuesday, April 17: 8:30 a.m. – 4:30 p.m.
(Not staffed; static display only)
Hamilton City Hall, Main Lobby – First Floor

For more information, background details and to view the visuals, videos and take the short survey, please go to:  www.hamilton.ca/westharbour

You can view the presentation panels at the public viewings noted above. Videos will only be viewable online.

 

Have You Signed Up for Ontario REALTOR® Party Updates?

Ontario Realtor Party Logo

Have you heard about the Ontario REALTOR® Party? No, it is not a political party, but rather, a group that strives to unify REALTORS® to speak with one voice to promote the dream of home ownership and protect the real estate profession.

There is always something to do to help promote the issues important to home owners and REALTORS®. No matter how big or small the task, your efforts will make a difference! Click here to get involved today.

Are You Ready for the New Ontario Standard Lease?

Ontario Standard Lease Agreement

All residential leases signed on or after April 30, 2018 must be on the new Ontario standard lease form.

Changes to the Residential Tenancies Act makes it mandatory to use the standard lease template that is currently available only through the Government Forms Repository. According to information provided by the Ontario Real Estate Association (and sent by OREA to all members on March 21, 2018), OREA Form #400 – Agreement to Lease Residential can be used only to set up the terms of the lease and the standard lease template must be used to formalize the actual lease.

OREA is in the process of reviewing their Form #400 – Agreement to Lease Residential – and its associated clause for any revisions they may need.

Be sure you know the terms of the standard lease form for Monday, April 30, 2018!

Download Form

Ontario Abandons Home Energy Audits!

HERD

Since 2016, OREA has been fighting to stop Home Energy Rating & Disclosure (HER&D). If implemented, HER&D would require a home seller to conduct an energy audit before listing their home. The program also forced REALTORS® to post the energy score on the MLS® listing.

The OREA Government Relations team lobbied Cabinet Ministers and senior staff at Queen’s Park; commissioned research from the Conference Board of Canada which showed the program was a big waste of tax dollars and fought against an assortment of environmental groups who were all pushing the government to move forward on HER&D. Locally, RAHB representatives met with MPPs at Queen’s Park to speak against HER&D.

Last week, OREA received a letter from the government that said, “The province has decided not to proceed with the implementation of a HER&D program at this time.”

While this is a great win for REALTORS® and homeowners, it is also a wake-up call: governments at all levels are struggling to address issues relating to climate change and the housing sector is being asked to play a part in that work.

New Residential Lease – Update!

Recently, the Ontario Government released a new standardized lease agreement for private residential leases which includes single and semi-detached houses, apartment buildings, rented condos and secondary units.

Effective April 30, 2018, all leases used by a landlord must be the new standardized lease. For any lease that is signed after this date that is not the standard lease, the tenant will have the right to ask the landlord for a standardized lease in writing. The landlord is required to provide one within 21 days of the request. If one is not provided, the tenant can withhold one month’s rent.

Flexibility is Key

When the Government announced they were creating a standardized lease, OREA worked closely with the Ministry of Housing and participated in their consultations. It was important for OREA to ensure that landlords and tenants be given some flexibility in the terms of the lease. The government responded by including “additional items” section in the standardized lease.

Impact on OREA’s Forms

OREA’s Standard Forms Committee will meet in the coming months to discuss what revisions will need to be made to the Association’s clauses and forms to accommodate this change.

For example, Form 400 – Agreement to Lease – Residential will be reviewed to ensure that any changes that are required will be made. In addition, all of OREA’s Standard Clauses related to residential leases will be reviewed for possible revisions. We will continue to keep you posted as OREA provides further updates in the coming weeks.

You can learn more about the new standard lease by visiting the Ministry of Housing’s website.

Residential Lease Forms

Provincial Budget Update from the RAHB Government Relations Committee

RAHB was invited to the Province’s pre-budget consultations on Monday, January 29, 2018.

Government Relations Committee Vice-Chair Margaret Reid represented RAHB, and made seven recommendations to benefit home buyers, the real estate market and REALTORS®:

1. Increase the first-time home buyer’s Land Transfer Tax Rebate to $6,000 to increase affordability for first-time buyers.

2. Replace the proposed mandatory home energy audits with a plan for voluntary, targeted retrofits.

3. Institute a first-time buyer down payment assistance program to help young people buying their first homes.

4. Provide a land transfer tax rebate as an incentive to seniors to “right-size” into a smaller housing unit to open up larger, family-sized homes for young families and first-time buyers.

5. Remove red tape and government policies that delay construction of new housing stock to encourage more home-building.

6. Permit REALTORS® to incorporate their businesses through a personal real estate corporation (Note: a bill is now awaiting public hearings).

7. Continue the review of REBBA 2002 so the Act can be updated to reflect the modern real estate market and to bring a higher standard of professionalism to the real estate industry.

 

GR RAHB Provincial Budget