The REALTORS® Association of Hamilton-Burlington (RAHB) reported 12,866 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in 2019. This is 10.1 per cent more sales than in 2018. The average price of a residential property in 2019 was $587,745. This is up 4.9 per cent from 2018, and 95.3 per cent higher from 10 years ago. New residential listings were down 4 per cent compared to the previous year.
Below is a friendly reminder to all RAHB members to properly identify yourself when in contact with other REALTORS®. This is beneficial for you, the REALTOR® you are attempting to contact, and your clients.
When calling other REALTORS®, please be sure to introduce yourself using your first and last name, identify that you are a REALTOR®, and provide your brokerage name.
When leaving a voicemail, please identify yourself as outlined above, as well as include your contact details.
When using e-mail, please follow the same process.
A previous communication from GeoWarehouse® stated that 2020 property assessment values would be available in GeoWarehouse® in late January/early February. It has come to our attention that this is not correct. The Municipal Property Assessment Corporation (MPAC) will be conducting property reassessments this summer and the new assessment values will be made available in GeoWarehouse® in 2021. As such, please continue to use the 2016 assessed value until the 2020 value is made available.
RAHB staff apologize for any confusion this may have caused. Should you have any questions, please contact the MLS® Help Desk at 905.667.4650 or e-mail firstname.lastname@example.org.
RAHB has been notified by Teranet that the 2020 MPAC Assessment data is expected to be available in GeoWarehouse in late January/ early February. Until that time, please continue to use the 2016 Assessed Value on your listings. RAHB will provide all members an update once the 2020 MPAC Assessment data is updated and available.
RAHB received two reports of thefts at open houses that took place this past Sunday, January 6, 2020. Both open houses took place on the Hamilton Mountain, and the possible suspects are a woman with two adult children.
We would like to remind members to be very diligent when hosting an open house — especially this time of year when many new items are within a home after the holidays.
If items are stolen from your open house, please notify police to ensure it is recorded. Please also notify RAHB so we can communicate with members, if appropriate.
If you hosted an open house this past weekend, please ensure items have not been stolen from the home of your clients. A possible follow-up with your clients is recommended to ensure this is the case.
Thank you to the members who notified us of these thefts.
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 585 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December 2019. This years December sales are up 3.9 per cent over December 2018; however, are down from both November and October of this year. The average price for residential properties increased by 7.6 per cent from December 2018 to $581,566.
CREA has decided to keep WEBForms® Legacy open past January 2, 2020.
Dear RAHB members,
CREA has been provided feedback on WEBForms® 2019 regarding difficulty of use and glitches. CREA has decided to keep WEBForms® Legacy open past January 2, 2020, allowing members access to the Legacy transaction kits to migrate to the new system. We have not been given a deadline date.
As a full member of RAHB, if you wish to migrate any of your transaction kits from Legacy to WEBForms® 2019, please click the below button for directions on how to get started:
Below is a new video highlighting some of the features.
To further facilitate this transition, CREA has made a couple of adjustments to help members take the plunge:
On December 4, 2019, CREA flipped the landing page experience for all users. That means, as of December 5, 2019, everyone who accesses WEBForms® will land in the new CREA WEBForms® 2019 environment. You will only be able to go back to the legacy version until the official cut-off on January 2, 2020.
On December 16, 2019, WEBForms® Legacy switched to “Read Only Mode”. This means that members are still be able to access and edit existing transaction kits, download forms and migrate kits, but are no longer able to create new transaction kits in Legacy. Preventing new transaction kits from being created in a system that is two weeks away from going offline is a safeguard against a member creating a transaction kit one day and not having access to it the next.
Finally, before the end of the year, CREA will be issuing a maintenance release for CREA WEBForms® 2019. This release will include the convenient “Dynamic Paging” feature, meaning members will no longer need to start with multi-page schedules or use the “add page” function; pages will be added automatically as needed.
Getting started is easy and often takes less than an hour. In fact, you can dip your toes with these videos outlining the basics in just five minutes.
Migrating old transaction kits from the legacy version of WEBForms® to CREA WEBForms® 2019. (Note: your transactions will be editable, but forms will migrate over as flat document
Creating a Basic Transaction (outlining the quickest way to create a basic transaction.)
Further Training Resources
If you require further training, a support option is available within WEBForms® 2019, through the Member Dashboard.
And scroll down to the bottom of the page, where you can find training webinars, help guides, training videos, and recorded webinars.
If you have any questions or concerns, CREA is asking members to contact their Member Support Team at email@example.com or 1.800.842.2732.
The CREA WEBForms® 2019 Member Support Team has extended its hours and is now available from 8 a.m. to midnight (EST) on weekdays and 8 a.m. to 10 p.m. (EST) on weekends.
On Monday, December 16, the province of Ontario cancelled their commitment to Hamilton’s LRT. The Minister of Transportation, in a written statement, said that the project costs were severely underestimated, and that the government, “…was not prepared to download $1-billion in unforeseen costs onto the taxpayers of Hamilton.”
The provincial government will honour the $1-billion capital commitment to transportation infrastructure investments in the City of Hamilton.
For the Minister of Transportation’s full statement, please see below:
Effective Tuesday, December 10, 2019, a new business rule was implemented in the RAHB Matrix system for Cumulative Days on Market (CDOM).
When a listing is “cancelled” or “expires” and is relisted with the same Brokerage within a period of 60 days from the date of cancellation or expiry, the cumulative days on market (CDOM) will continue counting the total days on market.
When a listing is “cancelled” or “expires” and is relisted after a period of 60 days with the same Brokerage, the CDOM counter will reset and begin counting at zero.
If a listing is “cancelled” or “expires” and is relisted with a different Brokerage, the CDOM rule will not apply.
This change will ensure the actual Days on Market is reflected in the listing history.
The CDOM will appear on the REALTOR® Full report for all property types.
Should you have any questions, please contact the RAHB MLS® Help Desk at 905.667.4650 or firstname.lastname@example.org.
There are many reforms in the legislation that will improve protection for Ontario buyers and sellers:
Adding clarity for buyers and sellers so that they know whether they are represented by a brokerage, or if they are self represented;
Requiring new disclosures to buyers and sellers to support informed decisions;
Additional regulatory powers that will give RECO more tools to get the worst offenders in the industry out of the business; and
Making it easier for RECO to levy fines against real estate salespeople for certain violations of the legislation.
Why did the government introduce this legislation?
The real estate industry has evolved in many ways since 2006 when the last significant changes were made, so it was time to revisit the laws.
What will happen next, and when will the new rules come into effect?
There are several steps that need to take place before the rules and laws can change. It is also possible that the proposed rules may be amended through the process. The new rules could come into effect as early as 2021.
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 955 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November 2019. November sales are down from October and September, but up from November 2018 by 5.5 per cent. The average price for residential properties increased by 5.6 per cent from November 2018 to $591,334.