Mar 23, 2017 | RAHB News |
The quarterly RAHB dues have been billed and e-mailed to you as part of your February monthly invoice. Please note that dues are payable no later than March 31st, 2017.
Acceptable methods of Payment are:
In Person: Visa, MasterCard, Interac, cash or cheque
By Phone: Visa or MasterCard
Online through Fusion: Visa, MasterCard, AMEX, Visa Debit (New)
Online: CIBC/PC Financial, Royal Bank, Scotia Bank, TD Canada Trust – for assistance in set-up, please contact Karin at 905.529.8101 x 258.
Pre-Authorized payment subscribers will be processed on Tuesday March 21, 2017.
A reminder about notifying RAHB of terminations in your office
Brokerages are responsible for notifying RAHB when members in their office resign or otherwise leave. Notice must be received by RAHB within seven business days of the member leaving. If notice is delayed beyond the seven business days, the Brokerage will be assessed a penalty of $50 per incident. (RAHB Bylaw, Article 4, Section 1.02.)
Print your RAHB invoices for your tax return
Tax time is here! Here’s how to print off your RAHB invoice:
- Log into the Fusion Homepage
- In the Resource section, select “Smartlinks”
- From the drop down menu, select “Education/Account Services”. This will open a new window
- Select “Print Members Statement”
- Enter the date parameters of your choice. For example, if you want to create a copy of your 2016 invoices, you would enter a start date of 01/01/2016 and an end date of 12/31/2016
- Select “Run statement, Print”
** If you get a printer error, go to “select a format” (found above the RAHB logo), select “Acrobat Adobe PDF”, “export”, “print”. **
Mar 23, 2017 | MLS®, Stats & Technology |
On Friday, March 3, all members received an update about RAHB’s Matrix MLS® System from RAHB CEO George O’Neill.
In his email, the Association CEO advised that the upgrade from Fusion to Matrix is on schedule, and a contract with ORTIS to share MLS® data should be finalized within the next 30-45 days. Once the contract is in place, 60 days will be required for CoreLogic to program an interface to facilitate data sharing between the regional Matrix system and RAHB’s Matrix system.
Following consultation with the RAHB Board of Directors and Brokers of Record and Managers, it was decided the best course of action was to wait to launch Matrix until a data sharing contract and interface are in place. The advantage to waiting is that members will then have uninterrupted access to both RAHB and regional listings in the RAHB Matrix system.
Watch for more details.
Mar 23, 2017 | RAHB News |
In this issue of REALINFO we are focusing on an important RAHB member service: Professional Standards. RAHB is charged with running the organized real estate marketplace within the geographical boundaries of the Burlington, Hamilton and surrounding communities. To do that we focus on two areas: first, we manage the local Multiple Listing Service® System and, second, we define and enforce rules with the goal of ensuring the marketplace functions in an efficient and fair manner for all participants. Of course, those participants are mostly our members, but they also, more frequently, include REALTORS® from other areas who may work with a client or customer within our area.
RAHB strives to hold our members to high professional standards. That means we expect you to abide by the rules for real estate trading found in REBBA 2002, as well as those in RAHB’s MLS® Rules and Regulations and Policies. We also expect you to uphold the Code of Ethics in REBBA 2002 as well as the CREA REALTOR® Code. Links to all those sources can be found on page 13 of this newsletter.
RAHB has among its membership an overwhelming number of ethical, upstanding real estate professionals who do an exemplary job of helping buyers and sellers. We expect you are part of that group by demonstrating professionalism daily when working in a way that is both fair to fellow REALTORS® while working for your clients and customers. You help consumers with one of the largest, and often most emotional, transactions of their lives. What you do affects many people.
Unfortunately, when something goes wrong and a member willingly or unwittingly ignores a rule or acts unethically, it can reflect negatively on all REALTORS®. This is where RAHB’s Professional Standards services apply.
RAHB’s Professional Standards Committee exists to investigate allegations of wrong-doing on the part of a member. If you encounter a situation where a REALTOR® hasn’t followed the rules or has acted unethically, you should file a formal complaint with RAHB’s Professional Standards Committee. It is the only way that Committee can follow up and ensure that improper behavior is investigated and appropriate disciplinary action is taken. The process is outlined on page 13.
It takes years to build a positive reputation, but only minutes to lose it. By helping the Professional Standards Committee fulfill its mandate, you can help ensure all members are upholding the high standards of the profession you deserve.
Best regards,
George O’Neill
Feb 7, 2017 | RAHB News |
I know you are all waiting to hear when RAHB will be going live with our new Matrix MLS® System, and I’m pleased to tell you that we are still on track to cut over to Matrix before the spring market, 2017. RAHB’s Directors and staff have been working diligently over the past several months to deliver this new system.
As you read in this column last month, there have been a few unexpected developments along the way, the most surprising of which came in a letter from ORTIS in late December, just before the holiday. At that time, ORTIS had not committed to listing sharing with RAHB. Since then, however, RAHB and ORTIS have come to an agreement to share listings and are looking to put in place a contract, hopefully to be signed before the end of February, 2017.
RAHB has been very clear about our desire to share listing information on a go-forward basis and about our strong belief that members of all boards and associations are best served by doing so. It’s not just our members who benefit from shared data; all REALTORS® in the regional area benefit from access to a wider pool of listing information. The internet has made information available to all, and your clients and customers expect that you will have the same access to listing information across southern Ontario.
We have said all along that RAHB will share listing data with any board or association on a reciprocal basis. We continue to work to achieve the goal of sharing listings with our neighbours. The more information you have, the better you can serve your clients and customers. And isn’t that ultimately what an MLS® System is all about – co-operatively sharing listing information among REALTORS®?
RAHB will continue to lead the charge to bring the best, most complete compilation of listings for the benefit of everyone.
*****
Please don’t forget that RAHB’s REALTOR® CONNECTIONS AGM, Conference and Trade Show is coming up on March 9, 2017! Register now for this one-day event that has been planned just for you, our members.
Best regards,
George O’Neill
Feb 6, 2017 | MLS®, Stats & Technology |
February 3, 2017 (Hamilton, Ontario)
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 911 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in January. All property sales were 17.4 per cent higher than the same month last year and set a new high for the month of January.
There were 1,139 properties listed in January, a decrease of 9.7 per cent compared to January of last year and 30 per cent less than the 10-year average for new listings in the month.
“January’s record sales topped the previous high from 2006 by more than 11 per cent,” said RAHB CEO George O’Neill. “That’s quite remarkable for a January, when sales are typically slower. At the same time as we had such high sales, new listings are down for the month, compared to both last year and the 10-year average.”
Seasonally adjusted* sales of residential properties were 4.3% per cent higher than the same month last year, with the average sale price up 15.2 per cent for the month. Seasonally adjusted numbers of new listings were 14.1 per cent lower than January of 2016.
Overall residential sales of 864 units were 18 per cent higher than the same month last year. Residential freehold sales were 12 per cent higher than January of 2016 while sales in the condominium market were 50.5 per cent higher than the same month last year.
The median price of freehold properties increased by 11.7 per cent over the same month last year while the median price for condominium properties increased by 33.3 per cent compared to the same period.
The average price of freehold properties showed an increase of 14.2 per cent compared to January of last year; the average sale price in the condominium market increased by 27.7 per cent compared to the same period.
Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR® for information about your area or property.
The average number of days on market decreased from 49 to 31 days in the freehold market and from 50 to 28 days in the condominium market, compared to January of last year.
“With the sales-to-listing ratio at 83 per cent in the residential market, the average days on market down to 31 days at this time of year and only a little over a month of residential listing inventory, this hot seller’s market just keeps rolling on,” added O’Neill. “We keep stressing the importance of using a REALTOR® at any time, but now, in this market, it’s especially important to use a professional who can help buyers and sellers achieve the best results in the purchase or sale of their home. A reduced average number of days on the market does not necessarily mean it is easier to sell properties.”
Every community in RAHB’s market area has its own localized market. Please refer to the accompanying chart, and contact a REALTOR® for more information.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
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About the REALTORS® Association of Hamilton-Burlington
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 3,000 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the Association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The Association operates the local Multiple Listing Service® (MLS®) System and provides ongoing professional education courses for its members. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at REALTOR.ca. More information about RAHB is available at rahb.ca.
Feb 6, 2017 | MLS®, Stats & Technology |
Feb 3, 2017 | MLS®, Stats & Technology |
RAHB Average Price by District – (#) Residential Unit Sales
Hamilton
Hamilton West, 10 – 12
Hamilton East, 23, 24, 27 – 29
Hamilton Centre, 13, 14, 20 – 22
Hamilton Mountain, 15 – 18, 25 & 26
Burlington 30 – 36, 38
Outlying
Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60
Feb 3, 2017 | Member Services |
Metal sign frames to promote listings and open house showings:
Colonial “L” style – 2 pieces
Choice of black or white
31”w x 72”h (11” shank w/stabilizer bar)
$32.05 ea.*
Colonial tops only – Choice of black or white $17.00 ea.*
Colonial bottoms only – Choice of black or white, 35”h (11” shank w/stabilizer bar) $20.35 ea.*
Double “H” style – 2 pieces
Black only – 24 ½”w x 54”h (14” shank)
Holds 18”h x 24”w sign inserts
$31.10 ea.*
Double “H” bottom only
Black only $16.75 ea.*
Open house “A” frame
Choice of black or white
Holds 18”h x 24”w sign inserts
$25.75 ea.*
On January 30, 2017 we held our annual Member Appreciation Day,
with refreshments, giveaways and prizes
__________________________________________________________________________________________
Monday to Friday, 8:30 a.m. – 4:30 p.m.
T.: 905.529.5979 F.: 905.529.7109 E.: realtyshoppe@rahb.ca
* All applicable taxes are extra. Prices subject to change.
Feb 3, 2017 | Member Services |
Held at RAHB – 505 York Blvd.
Lower Level room: C – Chambers M – McCullough
First floor room: T – Thompson P – Purnell
Computer
- New Member Computer Training Level 1
Thursday, February 2 – C, 9 a.m. – 11:30 a.m. SOLD OUT
Thursday, February 16 – C, 1 p.m. – 3:30 p.m. SOLD OUT
Thursday, March 2 – C, 9 a.m. – 11:30 a.m. SOLD OUT
Thursday, March 30 – C, 9 a.m. – 11:30 a.m.
- Matrix Training General Overview (Webinar) SOLD OUT
Wednesday, March 1 – 9 a.m. – 11 a.m.
- Matrix Broker Loading for Assistants and Administrators (Webinar)
Thursday, March 2 – 2 p.m. – 3 p.m.
- Broker loading and Matrix Basics (Webinar)
Wednesday, March 8 – 2 p.m. – 4 p.m.
- Matrix General Overview (Hands-on course) SOLD OUT
Monday, March 20 – M, 2 p.m. – 4 p.m.
- Matrix Q&A
Thursday, March 23 – M, 2:30 p.m. – 4:30 p.m.
- Matrix Broker Load (Webinar)
Monday, March 27 – 2 p.m. – 3 p.m.
Register with angelam@rahb.ca.
Board of Directors, Committee and Task Force Meetings
- Audit Meeting
Tuesday, February 7 – T, 9 a.m.
- Governance Meeting
Wednesday, February 8 – T, 9:30 a.m.
- Board of Directors
Wednesday, February 15 – T, 9 a.m.
- Government Relations
Thursday, February 23 – T, 9:30 a.m.
Professional Development
See page 8 for a list of courses.
Upcoming Events
- REALTOR® CONNECTIONS 2017
AGM, Conference and Trade Show
Thursday, March 9, 2017
Grand Olympia, Stoney Creek
See further details on pages 8 and 9
Feb 3, 2017 | CREA/OREA/RECO News |
CREA has prepared a brochure outlining ManuLife Group Insurance benefits for which you may be eligible, and the brochure will be coming to your office in February! Watch for your copy and see what benefits are available to you! Don’t want to wait til then? You can also visit Manulife for more information.
Feb 3, 2017 | Member Services |
In 2016, RAHB introduced a new members-only addition to our monthly real estate stats reports: a social media statistics kit! This kit includes 14 visually-appealing images that feature the latest statistics from selected RAHB communities.
Where can you use the images from this kit? The sky is the limit! Whether it be on Instagram, Facebook, Twitter, LinkedIn or your own websites and blogs, these images are sure to catch the eye of your current and potential clients while also helping them to better understand the market conditions in their community.
Find the direct download link to your social media statistics kit every month in our RAHB stats email reports. If you have any questions, feel free to contact Carly at carlyp@rahb.ca
Feb 3, 2017 | Member Services |
Don’t forget to register for RAHB’s annual REALTOR® CONNECTIONS 2017 AGM, Conference and Trade Show before February 23, 2017 to receive free admission* to this event created specifically to help REALTORS® choose success!
Whether you are looking for local home improvement, financial, legal or other real estate service companies for yourself or for your clients, REALTOR® CONNECTIONS has you covered. Our diverse group of tradeshow exhibitors features the products and services you need to succeed as a REALTOR®. We also have three streams of informative knowledge pod sessions on real estate topics that matter to you. And last but not least, we have our fabulous keynote speaker, Stuart Knight, who will teach you how to harness the art of powerful conversation whether you are an introvert OR an extrovert!
To learn more about the knowledge pod sessions, keynote speaker, tradeshow and overall event agenda read the REALTOR® CONNECTIONS brochure. To register for REALTOR® CONNECTIONS 2017 or contact Sheila at the RAHB office at 905.529.8101 x234 or by email sheilas@rahb.ca.
* Please be advised that a $45 +HST No Show fee will be charged to those who register to the event but do not attend.
Acceptable methods of Payment are:
