New RAHB Statistics Packages – Including CREA’s Home Price Index (HPI)

New RAHB Statistics Packages will be coming in October for the September 2018 data – and it will include CREA’s Home Price Index (HPI)

Over the past several months, RAHB has been investigating ways to update the statistics packages we provide to members and the public each month. Through much research and consultation, RAHB will be releasing a new statistics package in October for the September data. This new package is more comprehensive, and includes CREA’s Home Price Index (HPI) and additional resources.

Please see below for a listing of the new items found within the RAHB member statistics packages. Links are provided to the updated documents (with August data), and where links are not provided they will be a part of the new packages starting in October. These items with August data are for you to become better acquainted with the new packages, and are not meant for distribution.

*Please note that the HPI reports are quite lengthy, should you want to print them.

New RAHB Market Statistics Reports

Entire RAHB Area

Burlington

Haldimand
Hamilton
Niagara North

 


What is the Same and What is New with RAHB’s Monthly Market Statistics Reports?

What’s the Same? What is New?
Release statistics reports to members and the media on the 3rd business day of the month. Data is pulled on the 1st business day of the month.
Very similar data/statistics reported within the RAHB tables and charts (i.e. Average/Median Sale Price, # of Listings, Days on Market, etc.). The data in previous reports was by sales/listings by RAHB members. The data will now include RAHB member and non-RAHB member data, and be tailored specific to the four main areas within our market – Burlington, Hamilton, Haldimand and Niagara North.
We will continue to provide a geographic map of the RAHB market area with average sale prices and number of sales. Some geographic properties have been added to the map (i.e. lakes, major highways, escarpment), and we will also now include separate maps for the four main areas within our market – Burlington, Hamilton, Haldimand and Niagara North.
We will continue to provide charts with commercial information. We have broken down the commercial data by the four major areas within our market, and added “sales volume” to the list.
We will now be providing Home Price Index (HPI) reports, tailored for the four major areas within our market.
Members will still have access to Matrix/SIM to pull and tailor data for your needs. Members will now have access to CREA’s HPI tool, Tableau (more information below), which will allow members to pull trends and data for specific sub-neighbourhoods throughout our market.
We will begin reporting weekly statistics on News & Alerts (Matrix) every Wednesday. These stats will cover the four major areas of our market and include: Residential New Listings, Residential Sold, Residential Average Price, Commercial New Listings and Commercial Sold.


Weekly Statistical Reporting

In addition to the above documents and resources, we will be providing weekly statistics updates via Matrix/News & Alerts, so please watch out for this information.


CREA’s HPI – What is it?

Developed using data from the Multiple Listing Service®, the MLS® Home Price Index (HPI) allows you to see trends in home prices for a specific type of house in a given neighbourhood.

Combined with your knowledge, experience and skills as a REALTOR®, the HPI will help your clients better understand these trends — and how they can affect the market value of your client’s home.

More importantly, though, it helps your clients approach one of life’s most important decisions — buying or selling a home — with greater confidence.

And Gregory Klump, CREA’s Chief Economist, will be at ProDev+ on Sepember 25 presenting the HPI and Tableau to members – so don’t miss it!

More Info on ProDev+

For more information on CREA’s Home Price Index (HPI) please visit www.crea.ca/housing-market-stats/mls-home-price-index/.

CREA’s HPI Tool – Tableau

Use Tableau

For more information on how to use the HPI Tool, please visit www.crea.ca/housing-market-stats/mls-home-price-index/getting-started/.

We Want to Hear From You!

Although we have updated the monthly RAHB statistics packages and included CREA’s HPI, the way we provide our members with valuable data is never final. We encourage questions and feedback from all RAHB members about the new statistics packages and CREA’s HPI so we can continually work to enhance the resources RAHB REALTORS® have. Please click below and submit your questions and feedback. Thank you in advance.

Please Submit Your Questions and Feedback

Thank you to the RAHB Statistics Task Force and to the RAHB members who took the time to complete the RAHB statistics survey in July. Your input helped guide these updates.

Additional Resources

www.crea.ca/wp-content/uploads/2016/07/HPI_Methodology.pdf

www.crea.ca/housing-market-stats/mls-home-price-index/

www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/

HPI Tool – Tableau

Use the 3 tabs above to navigate the different views of the dashboard. Each tab is labelled with a description of the information contained in that view. For more information on how to use the HPI Tool, consult the Getting Started section.

The MLS® HPI data is now available to download in Excel (.xlsx) format.

We Want to Hear From You!

Although we have updated the monthly RAHB statistics packages and included CREA’s HPI, the way we provide our members with valuable data is never final. We encourage questions and feedback from all RAHB members about the new statistics packages and CREA’s HPI so we can continually work to enhance the resources RAHB REALTORS® have. Please click below and submit your questions and feedback. Thank you in advance.

 

Please Submit Your Questions and Feedback

Broker of Record / Manager Meeting Update – September 19, 2018

On September 19, 2018 a Broker of Record / Manager meeting was held at McMaster Innovation Park. With 33 people in attendance, there were several engaging and informative discussions that took place, and below is a summary of the topics discussed:

 

VOW / Competition Bureau Ruling with Respect to TREB
On August 23, 2018 the Supreme Court of Canada dismissed TREB’s application to appeal the Competition Tribunal’s ruling that TREB abused its dominant position. Real estate boards and associations that currently have a Virtual Office Website (VOW) data feed, or are considering implementing one (as RAHB currently is) are expected to follow the decision of the Supreme Court of Canada and the Competition Tribunal with respect to making “Disputed Data” available for members who wish to implement password protected virtual office websites.

RAHB informed the Brokers / Managers of the details of the case, provided a brief overview of the history, and discussions were had about RAHB actions moving forward. For information, please visit the RAHB Blog at https://blog.rahb.ca/?p=23240.

 

New RAHB Market Statistics Report
Brokers / Managers were presented with an overview of the new RAHB market statistics packages that will be officially launched on October 3 for the September data release. The new reports will have data broken down into the four main areas of RAHB – Burlington, Haldimand, Hamilton and Niagara North – and include CREA’s Home Price Index (HPI) data. A sample of this report will be sent to all members via e-mail prior to the official launch. Feedback on the new package is welcomed.

 

Realtor.ca
Discussions took place regarding Zillow beginning to enter the real estate market in Canada
, expected to be in 2019. The Directors are encouraging CREA to provide the appropriate resources to ensure Realtor.ca remains the dominant platform for REALTORS® in Canada.

A question raised was: What is CREA doing on behalf of its members to maintain/upgrade Realtor.ca? It was suggested that a town hall meeting with CREA and RAHB members take place to discuss the wants/needs of our members could be beneficial. RAHB is looking to make this happen and will inform members of any developments on this.

 

RAHB Education
Two areas of concern were identified for further investigation:

  • The process to determine and approve courses/speakers offered by RAHB.
  • The pricing model for RAHB education courses.

It was agreed that we want to maintain the highest quality of courses being offered to members. RAHB staff will investigate the above two priorities, and any changes or updates to RAHB education will be communicated to all members.

 

RAHB Service Awards
RAHB Services Awards Committee Chair, Bruce Moran, highlighted the three service awards available and encouraged members to nominate any qualified candidates. Nominations are currently open and forms can be found on the RAHB website at www.rahb.ca/project/rahb-service-awards/. Bruce also emphasized that nominations are judged on strict criteria, and so extensive details included within each nomination enhance a nominee’s probability of winning.

 

Professionalism and REALTOR® Reputation
An open discussion item was brought forth focusing on ensuring professionalism in real estate to enhance the reputation of REALTORS®. RAHB currently has a task force working on this specific issue, and as new items evolve they will be continually addressed.

 

Mandatory Membership within RAHB
The question was raised as to why a brokerage is mandated to hold a RAHB membership for its REALTORS® if the majority of the REALTORS® in that office do not conduct business within RAHB’s market/catchment. RAHB will investigate this rule further and determine its continued relevance.

If you have any questions regarding any of the above topics/discussions, please contact Carolyn in the RAHB office 905.529.8101 x236, or via e-mail at info@rahb.ca.

RAHB REALTORS® Release July Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,072 residential sales were processed through the RAHB Multiple Listing Service® (MLS®) System in July 2018, 4.7 per cent fewer than the same month last year and 16.3 per cent fewer than the 10-year average for the month.

Please click here to read the full report.

Follow the links below for:

Fall Open Forums – Save The Date

Two community forums are coming your way in October, 2018!

Burlington – Tuesday, October 16
Wellington Square United Church (St. Paul’s Hall)
2121 Caroline St., Burlington
Speaker: City of Burlington will deliver a presentation on Mobility Hubs

 
Hamilton – Tuesday, October 23
Waterfront Banquet and Conference Centre (Waterview Room)
555 Bay St. N., Hamilton
Speaker: Representative from City of Hamilton Economic Development Dept.

For both meetings, check-in and breakfast begin at 9:30 a.m. with opening remarks at 10 a.m.

Watch for more details and registration coming soon!

 

ProDev+ 2018 – Registration Now Open!

Registration is now open for ProDev+ – RAHB’s premier professional development event!

When: Tuesday, September 25, 2018
Exhibit Hall open 9:30 a.m. – 2:30 p.m.
Professional Development Sessions 10:15 a.m. – 3:15 p.m.
Networking Mixer follows

Where: Holiday Inn Burlington
3063 S Service Rd.
Burlington, ON
L7N 3E9

Cost:  only $20 + HST for RAHB members!
Early Bird Bonus: Register for ProDev+ during the month of August and receive

  • 1 ticket for a beverage of your choice at the Networking Mixer (water, soft drinks or alcoholic beverage – up to a $7 value)
  • Your name entered to win a $100 gift card for the Pearl Hospitality Group (Ancaster Old Mill, Cambridge Mill, Earth to Table or Spencer’s at the Waterfront)

This event sold out last year, so don’t delay!

Registration:  Through RAHB Education Account Services (once you have logged in to the new Member Portal scroll down to ProDev+ in the Upcoming Courses section). Alternatively, send an e-mail Angela McArthur at angelam@rahb.ca (be sure to include your full name and contact information).

For more information please visit our website Here.

Milestone – Jutta Muehlgassner Retires

Congratulations to Jutta Muehlgassner (Castellano Real Estate Inc.) on her recent retirement after 40 years of RAHB membership!

The Association would like to recognize members who have recently retired after achieving 40+ consecutive years of RAHB membership.  If you know of a member who should be recognized, please contact Camryn in Membership at camrynh@rahb.ca or 905.529.8101 X251.

Brokers of Record / Managers Meeting Update

On June 21, 2018 a Brokers of Record / Managers meeting was held at McMaster Innovation Park. With 31 people in attendance, there were several engaging and informative discussions that took place, and below is a summary of the topics discussed:

Electronic Lock Boxes
Nearly 600 responded to the recent RAHB survey on electronic lock boxes, and the results of the survey were split 49.7 per cent in favour, and 50.3 per cent opposed. Brokers of Record and Managers provided insightful discussion and questions surrounding professionalism, personal and property security, and usage metrics related to electronic lock boxes. No decision has been made regarding pursuing electronic lock boxes, and the CEO and Board of Directors will take the input provided into consideration as they continue their examination of electronic lockboxes.

 

Candidates for the Board of Directors
There are expected to be six vacancies on the Board this year. The nomination committee is working towards securing hopefully over 10-12 candidates with a blend of appropriate experience and expertise. Please be sure to review the information found within your weekly NewsReal newsletter, on News & Alerts (Matrix), and within the member Facebook group and consider applying yourself and encouraging qualified colleagues to do so.

 

Proper Use of Form 801
Discussions occurred that although Form 801 should be presented with an offer, it is not required in order to register an offer.

 

Commission Cheques to Cooperating Brokers
Discussion also occurred around RAHB Rule & Regulation Section 11 – Broker Commission, Subsection 11.07 that states any commission is due and payable to the co-operating brokerage within five (5) business days of receipt of the commission by the listing brokerage.

 

Advertising
The Brokers and Managers also talked about advertising guidelines that fall under RECO’s mandate. Note that infractions related to the MLS® trademark fall under CREA’s jurisdiction, and if received they are dealt with promptly.

 

Directional Signs
A communication was sent to members on June 26, and posted on the RAHB blog at https://blog.rahb.ca/?p=22622, regarding the City of Hamilton sign bylaws. Additional information and education will be provided regarding sign bylaws within the City of Burlington and outlying areas.

 

Data Sharing Update – Connect
As of Friday, July 13, RAHB has disabled several inactive/icons from RAHB’s Connect page as we have confirmed that several boards no longer upload their listing information into the Connect system. The move was made to ensure our members receive correct information. For full details, please visit our blog at https://blog.rahb.ca/?p=22742.

Please note we are in on-going discussions with each of those no longer participating to try to ensure an alternative method is put in place as soon as possible to continue sharing across the province.

 

Ontario Standard Lease
Discussions took place regarding the legal liability and the requirements of the Ontario Standard Lease form.  REALTORS® have a legal obligation to ensure their clients are fully protected and using the new forms.

 

If you have any questions regarding any of the above topics/discussions, please contact RAHB at 905.529.8101.

Teeing it High and Letting it Fly!

June 8 was an excellent day for Teeing it High and Letting it Fly!

RAHB members, supporters and tournament sponsors turned out to enjoy a day of golf and prizes at the annual Charity Golf Tournament at Copetown Woods Golf Club.  The weather cooperated and made for a perfect day for a round of golf!

PRIZE WINNERS

Lisa Hensen, Jason Hensen, Arlene Brown, John James – Top Foursome
Julia Fedak – Longest Drive (Ladies’)
Randall Weese – Longest Drive (Men’s)
Michelle Campagne-Blyth – Closest to the Smirnoff
Justin Park – Closest to the Pin
Robert Ip – Closest to the Pin (Men’s)
Kim Binkley – Closest to the Pin (Ladies’)
Steve Roblin, Dan Paisley and Todd Foley – First, second and third, respectively, Putting Contest
Robert Ip – 50/50 Draw
Orval Levie – 24” CCM Mountain Bike
David Yunker – $250 VIA Rail Canada Voucher

Unfortunately, there were no winners of the two Hole-in-One contests and the prizes – two Westjet tickets and a Florida golf vacation – went unclaimed. The good news is that we raised money for Good Shepherd and will be presenting a cheque as soon as the final number has been tallied.

Thanks to the golfers, sponsors and donors who supported the tournament and helped make it a great day!

Our very generous sponsors and prize donors:


Carolann Bosett, Creative Outdoor Advertising
Robert Cherubino, The Personal
Brock Dunsby, Dunsby Property Inspections
Jamie Edwards, JM Edwards Associates Inc.
Ed Madronich, Shawn & Ed Brewing Co.
Norman, Mill St. & 5 American House
Allan Spisak, ACISS Home & Commercial Inspections
Krista Toussaint, Mashed Interiors
VIA Canada Rail

Congratulations to the Top Foursome:


Left to right:  John James, Arlene Brown, Jason Hensen, Lisa Hensen

 

 

 

 

OREA EMERGE Conference 2018

OREA’s newly-branded EMERGE Conference will feature OREA’s first-ever technology panel focusing on the ever-changing landscape of real estate. 2018 EMERGE will offer great content, showcase innovative speakers and deep dive into the relationship between technology and real estate.

EMERGE will be offered in four locations across Ontario in the Fall – click on Read More below for all the details and to register for the EMERGE session of your choice. OREA member early bird registration fee is only $99.

READ MORE