Apr 2, 2015 | RAHB News |
Professional Development
Held at RAHB – 505 York Blvd. – Lower Level
C – Chambers Room M – McCullough Room
- Fusion Level 1
Tuesday, April 14 – C, 9 a.m. – Noon
Tuesday, April 28 – C, 1 p.m. – 4 p.m.
- Broker Load
Thursday, April 9 – C, 9:30 a.m. – 11:30 a.m.
Thursday, April 23 – C, 9:30 a.m. – 11:30 a.m.
- New Member Orientation (by invitation only)
Friday, April 24 – M, 9 a.m. – 1 p.m.
Friday, May 22 – M, 9 a.m. – 1 p.m.
- Master iPad Bootcamp – 3CE’s
Monday, April 13 – M, 9 a.m. – Noon
- iPad Agent Bootcamp – 3CE’s
Monday, April 13 – M, 1 p.m. – 4 p.m.
- Effective Listing Presentations – 3CE’s
Tuesday, April 21 – M, 9:30 a.m. – 12:30 p.m.
- A Beginner’s Guide to Everything You Need to Know about Making Your Own
Video – 3CE’s
Tuesday, May 5 – M, 9:30 a.m. – 12:30 p.m.
- Master LinkedIn Bootcamp – 3CE’s
Tuesday, May 12 – M, 9 a.m. – Noon
- iPad Agent Bootcamp – 3CE’s
Tuesday, May 12 – M, 1 p.m. – 4 p.m.
Designation Course
- Accredited Senior Agent (ASA) Designation
Wednesday, April 22 and Thursday, April 23 – M,
9:00 a.m. – 4:30 p.m. both days – 3CE’s
Articling Course
- Principles of Mortgage Financing
Tuesday – Thursday April 7 – 9 and 14 – 16 – M,
8:15 a.m. – 4:15 p.m.
To register for these courses, email Angela at angelam@rahb.ca or call 905.529.8101 x233
Board of Directors, Committee and Task Force Meetings
Held at RAHB – 505 York Blvd. – First Floor
T – Thompson Room P – Purnell Room
- Government Relations
Tuesday, April 7, 10 a.m., T
- Charity Golf Tournament
Friday, April 10, 9:30 a.m., P
- Board of Directors
Friday, April 17, 10:30 a.m., T
Thursday, April 30, 9 a.m., T
- Governance
Monday, April 20, 9 a.m., T
Upcoming Events
- Broker of Record/Manager Meeting
Friday, April 17, 2015, 8:30 a.m. – Registration
- 2015 Commercial Summit
Thursday, May 7, 2015, see page 9 for details
- General Membership Meeting
Wednesday, May 27, 2015, 10 a.m. – Registration
Crossroads Christian Communication
1295 North Service Rd., Burlington
RAHB Office Closures
Monday, May 18, 2015 for Victoria Day
Apr 2, 2015 | CREA/OREA/RECO News |
The Ontario Real Estate Association forwarded the following information to all members on March 19.
Re: Bill 55, the Stronger Protection for Ontario Consumers Act, 2013.
On July 1st, 2015, Ontario Regulation (307/14), which implements amendments made to the Real Estate and Business Brokers Act, 2002 (“REBBA”) under Bill 55, will come into force. These changes are intended to address the issue of “phantom offers” in the real estate marketplace.
What REALTORS® Need to Know
Bill 55 introduced a number of changes to REBBA which created new requirements for real estate registrants. Most notably:
- Bill 55 prohibits a registrant working on behalf of a purchaser from presenting or representing an offer unless the offer is in writing.
- Bill 55 requires that the selling brokerage must retain copies of all written offers that it receives to purchase real estate or copies of all other prescribed documents related to those offers.
Ontario Regulation (307/14) outlines the required information that must be contained in a ‘prescribed document’ and states that the selling brokerage must retain a copy of the document or a copy of the written offer for a period of one year after receiving the written offer.
The OREA Standard Forms Committee will discuss Bill 55 compliance for brokerages and REALTORS® at its spring meeting and design a new standard form to help REALTORS® comply with Bill 55 and Ontario Regulation 307/14. It is anticipated this form will be released prior to Bill 55 coming into effect on July 1, 2015.
If you have any questions or comments please feel free to email standardforms@orea.com.
Apr 2, 2015 | RAHB News |
The REALTORS® Association of Hamilton-Burlington extends a warm welcome to its newest members (February 23 to March 25).
Daniel Doyle
Stefanie Pelone
Ambitious Realty Advisors Inc., Brokerage
Fadi El-Jnainati
Dowling Real Estate Ltd., Brokerage
Joey Cupido
Century 21 Aberwin Realty Inc., Brokerage
Edith Sohail
Ameer Hormiz
Coldwell Banker Pinnacle Real Estate Inc., Brokerage
Robbie Rankine
Coldwell Banker T. Flatt Realty Inc., Brokerage
Brian Martinson
Homelife Macro Realty Inc., Brokerage
Sarah Kelly
Homelife Professionals Realty Inc., Brokerage
Lucas Veens
Judy Marsales Real Estate Ltd., Brokerage
Brian Martel
Melinda Forrester
Keller Williams Complete Realty Inc., Brokerage
Joel Moore
Keller Williams Edge Realty Inc., Brokerage
Donna Benoit
Emina Sefic
Mark Wesgate
Karly Tennier
RE/MAX Escarpment Realty Inc., Brokerage
Michele Carrier
Right At Home Realty Inc., Brokerage
Sharmila Dave
Steve Kostidis
Royal LePage Burloak Real Estate Services Inc., Brokerage
Vince Cappella
Ayela Redpath
Royal LePage State Realty Inc., Brokerage
Apr 2, 2015 | Member Services |
Here are some of the highlights from REALTOR® CONNECTIONS 2015, held Tuesday, March 24 at the Hamilton Convention Centre.
RAHB AGM
- The 2014 audited financial statements were presented and received.
- An amendment to Article 4, Section 4.01 of the RAHB Bylaw (see RAHB news, Processing Fee Change, for further information) was approved.
- RAHB CEO Ross Godsoe and MLS® Chair Lou Piriano presented brief reports on the new regional MLS® System and Matrix, the new MLS® platform RAHB members will begin using in mid-June.
- Todd Targgart of CoreLogic provided a demonstration of Matrix, highlighting functions and features
Professional Development
- Keynote Chris Leader issued a challenge: Dare to be Exceptional
- Kathy Hogeveen led an early bird presentation on Developing an Online Strategy
- Industry leaders and service providers shared their expertise on a wide variety of topics in Knowledge Pods in the Exhibit Hall
CONNECTIONS Café
- RAHB Directors were on hand to chat with members about their ideas about RAHB and RAHB services
- Members shared their idea for services RAHB should investigate
Trade Show
- Members had the chance to speak with suppliers of goods and services and walk away with great information and a few goodies
Realty Shoppe
- The Realty Shopped buzzed with activity most of the day and offered its usual great show specials and prize draws.
Member Services
Inside the Exhibit Hall
- MLS® staff and Todd Targgart were on hand to answer questions about Fusion and Matrix.
Outside the Exhibit Hall
- representatives of the RAHB Charity Auction took donations for the Children’s Fund and names for prize draws
- RAHB President Donna Bacher and CEO Ross Godsoe were there to answer members’ questions
Winners!
(l-r) RAHB President Donna Bacher with:
CONNECTIONS Café draw for HP Stream 7 tablet
Heather Cianciolo, Coldwell Banker Pinnacle Real Estate
X6 Laser Distance Meter
Bonnie McAuley, Coldwell Banker-Burnhill Realty
2016 RAHB dues
Irena Kovaleva, Right at Home Realty
Realty Shoppe – gift baskets with goods worth approximately $180 each
Ruth Morehouse, Royal LePage G. Bruce Macdonald Real Estate;
Sharon Musson-Maxted, Royal LePage State Realty;
Ted Fletcher Jr., Realty Network: 100 Inc.
Charity Auction draws
Beaded necklace & bracelet
Steve Azmier, RE/MAX Escarpment Realty;
$50 Ancaster Mill gift certificate
Jack Mills, Jim Mills Real Estate;
$250 Vartanian Rugs gift certificate
Doris Chiu, Royal LePage State Realty;
Autographed Blue Rodeo poster and t-shirt
Paul Martindale, Wink Properties & Realty Inc.;
Two tickets for Def Leppard
Rose Cipriani, RE/MAX Escarpment Realty.
Apr 2, 2015 | Member Services |
Representatives from RAHB’s Government Relations Committee will be meeting with local MPPs in early April to ask for support for an amendment to REBBA 2002 which would allow real estate salespeople to incorporate.
A study by the Centre for Spatial Economics found that Personal Real Estate Corporations (PRECs) will have a small but positive impact on Ontario’s economy. The study found incorporation would increase provincial revenue by $0.8 million to $2 million annually, and would increase Ontario’s GDP by an average $9 to $25 million annually. In addition, PRECs will create 33 to 89 new jobs per year.
In Ontario, other regulated professionals such as chartered accountants, lawyers, health professionals, social workers, mortgage brokers, insurance agents and others can form personal corporations. Since 2008, B.C., Quebec, Manitoba, Saskatchewan and Nova Scotia have all moved to allow real estate salespeople to incorporate.
Our Government Relations representatives will be asking MPPS to amend the legislation and treat Ontario REALTORS® more fairly.
Apr 2, 2015 | Member Services |
NEW Lo
ck box now available!
Portable key safe provides secure storage of keys or access cards
- Convenient push button locking mechanism in familiar alpha/numeric telephone keypad format
- Set your own combination using up to 12 letters, numbers, or both
- Large buttons for ease of use, even in low light conditions
- 3-1/8in (79mm) wide durable metal construction
- Large internal cavity and removable key hook prevents jamming
- Molded bumper and vinyl coated shackle prevents scratches to your door
- Protective weather cover prevents freezing and jamming
Only $29.50* each
NOTE: Closing the weather cover does not secure the lid and contents. The lockbox combination must be entered both to OPEN and to CLOSE the lockbox securely.
Reduced for Clearance!
Home Sweet Home 2015 Calendar Magnet
100 @ $16.50* = 16.5¢ each or 25¢* each if sold individually
Take advantage of this blow out sale price for a marketing campaign or for open houses.
* All applicable taxes are extra. Prices subject to change.
Monday – Friday, 8:30 a.m. – 4:30 p.m.
T.: 905.529.5979 F.: 905.529.7109
E.: realtyshoppe@rahb.ca
Mar 5, 2015 | MLS®, Stats & Technology |
Later this year, RAHB will be part of a regional MLS® system and members will have a bright, shiny new MLS® system and access to listing information of eight real estate associations (including RAHB).
Here are the basics:
- RAHB will join with the associations in Brantford, Cambridge, Guelph, Kitchener-Waterloo, Niagara, Oakville-Milton and Simcoe to form the regional group
- A regional MLS® system means that access agreements, access membership and interboarding will no longer be required among the participating associations
- The MLS® System is being built specifically for the regional system on CoreLogic’s Matrix platform – a system that is faster and better than Fusion and – best of all – works on all devices
- The regional system will serve over 7,000 REALTORS®. That means we can expect to see some savings on services and products
Want to know more?
Mar 5, 2015 | 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 – 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
Moulton/Sherbrooke, 60
Mar 5, 2015 | RAHB News |
Mar 5, 2015 | Member Services |
Professional Development
Held at RAHB – 505 York Blvd. – Lower Level
C – Chambers Room M – McCullough Room
- Fusion Level 1
Tuesday, March 17 – C, 9 a.m. – Noon
Tuesday, March 31 – C, 9 a.m. – Noon
Tuesday, April 14 – C, 9 a.m. – Noon
Tuesday, April 28 – C, 1 p.m. – 4 p.m.
- Broker Load
Thursday, March 26 – C, 9:30 a.m. – 11:30 a.m.
Thursday, April 9 – C, 9:30 a.m. – 11:30 a.m.
Thursday, April 23 – C, 9:30 a.m. – 11:30 a.m.
- New Member Orientation (by invitation only)
Friday, March 6 – M, 9 a.m. – 1 p.m.
Friday, April 24 – M, 9 a.m. – 1 p.m.
- Master LinkedIn Bootcamp – 3CE’s
Tuesday, March 10 – M, 9 a.m. – Noon
- Master Facebook Bootcamp – 3CE’s
Tuesday, March 10 – M, 1 p.m. – 4 p.m.
- Increase Your Online Marketing Reach with Point2 Agent
Wednesday, March 25 – M, 9:30 a.m. – 10:30 a.m.
- Apartment Expert – 3CE’s
Wednesday, April 1 – M,9:30 a.m. – 12:30 p.m.
- Master iPad Bootcamp – 3CE’s
Monday, April 13 – M, 9 a.m. – Noon
- iPad Agent Bootcamp – 3CE’s
Monday, April 13 – M, 1 p.m. – 4 p.m.
- Effective Listing Presentations – 3CE’s
Tuesday, April 21 – M, 9:30 a.m. – 12:30 p.m.
- A Beginner’s Guide to Everything You
Need to Know about Making Your Own
Video – 3CE’s
Tuesday, May 5 – M, 9:30 a.m. – 12:30 p.m.
Designation Course
- Accredited Senior Agent (ASA) Designation
Wednesday, April 22 and Thursday, April 23, – M,
9:00 a.m. – 4:30 p.m. both days – 3CE’s
To register for above courses, email Angela at
angelam@rahb.ca or call 905.529.8101 x233
Board of Directors, Committee and Task Force Meetings
Held at RAHB – 505 York Blvd. – First Floor
T – Thompson Room P – Purnell Room
- Auction
Friday, March 6, 1:30 p.m., T
- Professional Standards
Wednesday, March 11, 2 p.m., T
Upcoming Events
- REALTOR® CONNECTIONS 2015
Tuesday, March 24, 2015
Hamilton Conference Centre
1 Summers Lane, Hamilton
- 2015 Commercial Summit
Thursday, May 7, 2015
More information to follow
RAHB Office Closures
Friday, April 3, 2015 for Good Friday
Mar 5, 2015 | Member Services |
Mar 5, 2015 | Member Services |
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1079 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in February. This represents a 13.9 per cent increase in sales compared to February of last year.
There were 1450 properties listed in February, an increase of 2.6 per cent compared to the same month the year prior. End-of-month listing inventory was 11.3 per cent lower than last February.
“The record cold month of February didn’t keep the buyers away,” said RAHB CEO Ross Godsoe. “Sales were not only up from last year, but were about five per cent higher than the average for the month of February.”
Seasonally adjusted* sales of residential properties were 10.9 per cent higher than the same month of the previous year, with the average sale price up 9.6 per cent for the month. Seasonally adjusted numbers of new listings were 1.9 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of February, 2015:
Actual overall residential sales were 13.2 per cent higher than the previous year at the same time. Residential freehold sales were 15 per cent higher than last February while sales in the condominium market saw an increase of 5.2 per cent.
“While there were more new listings in February of this year than there were last February, new listings are still about 12 per cent lower than the 10-year average for the month,” added Godsoe. “That is having an impact on the listing inventory. The higher than average sales coupled with lower than average new listings plus continued low listing inventory is keeping our area firmly in a seller’s market.”
The average price of freehold properties showed an increase of 10.1 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 3.2 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information 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.
The average days on market decreased from 44 to 36 days in the freehold market and from 41 to 37 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 3.9 per cent higher compared to the same two-month period last year; listings are flat to last year and the average sale price is 9.8 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 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®) and provides ongoing professional education courses for its members. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
