The Northumberland Hills Association of REALTORS® and the Toronto Regional Real Estate Board are pleased to announce an agreement for NHAR to become a partner Board with TRREB. This will benefit both TRREB and NHAR Members by allowing Members full access to the TRREB MLS® System, further unifying the marketplace for all partner Board Members.
The post Northumberland to become a partner Board with TRREB appeared first on TRREB Wire.
TORONTO, ONTARIO, May 20, 2020 – Toronto Regional Real Estate Board President Michael Collins announced that TRREB contracted Ipsos Public Affairs to provide up-to-date information on consumer sentiment related to the housing market and the specific impact of the COVID-19 pandemic. The Ipsos online survey captured home buying and selling intentions along with consumer opinions on preferred government policy directions related to the housing market.
This release specifically covers the Ipsos survey conducted between April 24 and 27, 2020.[1] Ipsos will be conducting another survey for TRREB at the end of May, after which TRREB will release more detailed comparative results.
Summary results from the first survey wave are as follows:
Home Buying Intentions
“While COVID-19 has temporarily impacted home sales and listings in the GTA, the Ipsos survey results that show home buying intentions have remained quite stable certainly suggest that many people will be looking to satisfy pent-up demand for ownership housing once recovery starts to take hold. As people gradually return to work, consumer confidence will improve, and a growing number of people will look to take advantage of very low borrowing costs to purchase a home. Home purchases will continue to be aided by the use of technology available to REALTORS®, including live-stream open houses,” said Mr. Collins.
Home Selling Intentions
“The supply of listings was an issue before the onset of COVID-19, with market conditions tightening and price growth accelerating throughout the first quarter of 2020. The Ipsos survey results suggest that the supply of listings will continue to be an issue as the economy and housing market recovers. Policy makers have acknowledged that there is a lack of a diverse housing supply in the GTA. While the supply issue has understandably taken a back seat to COVID-related issues in the short term, it should once again be top-of-mind once recovery takes hold,” said Jason Mercer, TRREB’s Chief Market Analyst.
[1] The Ipsos online survey was conducted among residents aged 18 years and older in the Greater Toronto Area (GTA). The sample consisted of 802 respondents. Online interviews were carried out from April 24 to 27, 2020. Data is weighted according to Statistics Canada census data by gender, age, and region to make certain that the data accurately reflects the actual distribution of adults living in the GTA. The accuracy of Ipsos online polls is measured using a credibility interval. In this case, the results are considered accurate to within -/+ 3.9 percentage points of what the results would have been had every adult resident in the GTA been polled.
[1] Survey respondents could provide more than one reason for being unlikely to list their home for sale.
Opinions on Housing Market-Related Public Policy
“Home ownership affordability is, and will continue to be, a top concern as the economy recovers from the impact of the COVID-19 pandemic. With this in mind, it is not surprising that there is public support for government assistance in this regard. There is a definite role for governments to play in addressing affordability concerns, but policy makers at all levels should proceed with caution and assess the impact of pent-up demand and the potential lack of listing inventory during the initial recovery period,” said TRREB CEO John DiMichele.
[1] The Ipsos online survey was conducted among residents aged 18 years and older in the Greater Toronto Area (GTA). The sample consisted of 802 respondents. Online interviews were carried out from April 24 to 27, 2020. Data is weighted according to Statistics Canada census data by gender, age, and region to make certain that the data accurately reflects the actual distribution of adults living in the GTA. The accuracy of Ipsos online polls is measured using a credibility interval. In this case, the results are considered accurate to within -/+ 3.9 percentage points of what the results would have been had every adult resident in the GTA been polled.
[2] Survey respondents could provide more than one reason for being unlikely to list their home for sale.
The post TRREB RELEASES CONSUMER HOME BUYING & SELLING INTENTIONS SURVEY appeared first on TRREB Wire.
TORONTO, ONTARIO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020:
Home Sales and Listings
“The necessary social distancing and economic impacts associated with COVID-19 clearly impacted home sales and listings throughout April 2020. However, REALTORS® have been able to facilitate some transactions on behalf of buyers and sellers through the use of innovative techniques including virtual open houses. TRREB has also provided a live stream virtual open house option on Member listings featured on our public websites, and I would expect the use of these innovative techniques to increase as some level of social distancing remains in place for the foreseeable future,” said Mr. Collins.
“TRREB Members should continue to follow directives and guidance being given by the government and public health agencies. TRREB’s professional development staff are continuously working to educate our Members via virtual webinars on using technology in innovative ways to conduct business virtually, including video, virtual tours and the use of electronic forms wherever possible,” said TRREB CEO John DiMichele.
Home Prices
“When thinking about home prices, it is important to remember that the pace of price growth is dictated by the relationship between sales and listings. So, while the onset of COVID-19 has understandably shifted market conditions and resulted in average selling prices coming off their March peak, there has continued to be enough active buyers relative to available listings to keep prices in line with last year’s levels,” said Jason Mercer, TRREB’s Chief Market Analyst.
Condominium Apartment Rental Market
TRREB is also providing summary condominium apartment rental market statistics for April 2020. Conditions in the GTA rental market have also changed since the first quarter of 2020.
“These are unprecedented times. Past recessions and recoveries do not necessarily provide the best guide as to how the housing market will recover from the impact of the COVID-19 pandemic. A key factor for the housing market recovery will be a broader reopening of the economy, which will result in an improving employment picture and a resurgence in consumer confidence. To this end, it is reassuring that the province is taking measured and carefully monitored steps towards safely opening up some parts of the economy,” said Mr. DiMichele.
The post TORONTO REGIONAL REAL ESTATE BOARD RELEASES MONTHLY MARKET REPORT appeared first on TRREB Wire.
Have you checked out the new and improved TRREB Virtual Learning toolkit? It’s FREE for TRREB Members.
Now is the time to invest in yourself and your business; register for our upcoming session dates below.
STEP ONE: PLAN YOUR WEEK WITH OUR LIVE WEBINAR SESSIONS
STEP TWO: REGISTER FOR THE NEXT STUDY HALL SESSION
Have a question about a Professional Development subject matter? Ask a TRREB Virtual Learning Instructor in our next Study Hall Session on May 8 at 10:00 a.m.
TRREB’S TRAINING VIDEOS AND LEARNING GUIDES
Build your skills and your business at any time of day.
Visit TRREB’s Training Videos, featuring topics on Alternate Feature Sheets, Collaborate, RealNet, the Buyer Registry Service®, Public Records, and more.
You can also download free learning guides on a variety of technology topics here.
LOOKING FOR MORE FUTURE SESSIONS?
TRREB’s Virtual Learning toolkit has sessions across May 2020. Flip through the calendar in e-Commerce, and plan your month!
The post Two New Ways to Build Your Business, Just for TRREB Members appeared first on TRREB Wire.
Toronto Regional Real Estate Board President Michael Collins is reporting results for the first 17 days of April 2020, in order to provide some guidance on the impact of COVID-19 on the Greater Toronto Area housing market:
• Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the same period in 2019.
o Year-over-year sales declines, in percentage terms, were greatest for the detached and condominium apartment market segments. In the detached segment, the higher end of the market was particularly impacted in the City of Toronto. The condominium apartment segment has traditionally attracted a high share of first-time buyers, who in times of uncertainty can put their decision to purchase on hold.
o Uncertainty about market conditions due to COVID-19 certainly played a role in moderating the pace of year-over-year price growth during the first half of April. The changing composition of home sales also played a role. In the City of Toronto, for example, the number of homes sold for more than two-million dollars declined more than overall sales. This also had an impact on the average selling prices.
o It should also be noted that selling prices have also followed listing prices, with average listing prices down by a similar amount. Average selling prices have not been noticeably lower than listing prices compared to last year. This is further evidence that the mix of homes listed has changed compared to last year.
“The state of emergency measures currently in place, including the necessary enforcement of social distancing, has impacted the real estate market in many ways. Home buyers and sellers have concerns about the economy and indeed their own employment situations. On top of this, many buyers and sellers are avoiding any type of in-person interaction. In the condo market in particular, individual condo corporations have curtailed entry for non-residents,” said Mr. Collins.
“All of the COVID-19 related issues and measures have translated into a temporary drop in the number of transactions – a drop that will persist until we experience a meaningful and sustained decline in the number of cases. However, once recovery begins, it will likely accelerate in earnest as buyers seek to satisfy pent- up demand that will build up over the course of the spring and at least part of the summer,” continued Mr. Collins.
“While the necessary social distancing efforts have certainly resulted in a substantial pause to housing transactions, it is possible that REALTORS® and their clients will be able to mitigate the impact somewhat through the use of technology. TRREB and its partner board and association Members can now take advantage of virtual open houses accessed through listing searches on TRREB.ca and REALTOR.ca. TRREB’s professional development staff are also holding virtual webinars on other ways REALTORS can leverage technology to help their clients in these challenging times,” said John DiMichele, TRREB’s CEO.
Looking forward, the decline in home sales will be likely strongest in Q2 2020, as strong social distancing measures remain in place for most of the spring. However, if public health forecasts assuming strong social distancing measures play out as expected, we will likely start to see improvement in market activity in the summer. Recovery will accelerate through the fall, as social distancing measures are substantially relaxed, a large number of people return to work from furlough and home buyers take advantage of very low borrowing costs that will remain in place to spur economic recovery.
The calendar year average price for 2020 will likely remain near the 2019 level, and will be buoyed by the 15 per cent year-over-year growth experienced in Q1 2020 and resumed growth in Q4. Year-over-year declines in home prices could be reported during some months in the second and third quarters, but these declines will have less of an effect on the overall price for 2020 because the annual share of sales will also be much lower than normal.
“As we recover from this temporary downturn, potentially later this year, home buyers will move off the sidelines in increasing numbers as they satisfy pent-up demand for ownership housing. Increasingly, these buyers will be faced with the persistent lack of listings inventory that was a serious problem before the onset of COVID-19. As the different levels of government look toward recovery, it will be important for them to resume and build upon initiatives to bring a greater diversity of housing supply on line,” said Jason Mercer, TRREB’s Chief Market Analyst.
Media Inquiries:
Mary Gallagher, Senior Manager, Public Affairs
maryg@trebnet.net 416-443-8158
The post TRREB RELEASES MID-APRIL MARKET UPDATE appeared first on TRREB Wire.
TRREB’s Summer Build Days have officially wrapped up and we would like to thank all the TRREB Members who dedicated their time for a great cause!
On the mornings of Wednesday, July 10 and Wednesday, July 17, TRREB Members gathered at the Habitat for Humanity GTA 140 Pinery Trail site in Toronto to participate in the construction of a Habitat home.
On day one of TRREB’s Summer Build Days, President-Elect Lisa Patel, alongside TRREB’s Board of Director Lori Roberts gave a warm welcome to all the Members who showed up bright and early.
President-Elect Lisa Patel continued her welcome with a few words on how their participation during TRREB’s Summer Build Days plays a positive role in the communities they serve.
TRREB’s Board of Directors Kevin Crigger and Susan Gucci were onsite to kick off day two and followed suit by greeting participants and also touching upon TRREB’s longstanding relationship with Habitat for Humanity.
TRREB’s Past Contributions to Habitat for Humanity
Did you know TRREB has been contributing to Habitat for Humanity GTA since 1999? TRREB has donated a total of $795,000 to date in support of providing a sustainable path to home ownership for low-income working families.
This year alone, TRREB donated $75,000 to the organization as a Build Level Partner.
This contribution is the result of funds raised through TRREB’s continued commitment to donate $1 per Member per Month to the Ontario REALTORS Care® Foundation, something Members vote on each year at TRREB’s Spring Annual Meeting.
The post Event Recap: TRREB’s Summer Build Days appeared first on TRREB Wire.
Since 2008, TRREB Member contributions through the Ontario REALTORS Care® Foundation Every REALTOR® Campaign, have supported the Student Nutrition Programs of the Toronto Foundation for Student Success (TFSS).
On October 23, TFSS held “Feed Tomorrow” week to raise awareness about child hunger and the need for student nutrition. Events during the week included a VIP Bus Tour that travelled to two schools to see student breakfast programs in action.
TRREB would like to thank President-Elect Lisa Patel and Board Director Members Keith Kwan, Lori Roberts, and Kate Young for their recent participation on the Tour.
TRREB’S’s Relationship with the Toronto Foundation for Student Success
TRREB Members have continuously given back to the communities they live and work in.
Over 100 TRREB Members volunteer hours of their own time at 16 schools across the GTA by cooking and serving food on behalf of TFSS’s Feeding Our Future: Children’s Breakfast Program.
Well over 32,000 REALTOR® volunteer hours are accumulated every school year, and the quality of the programs would not be possible without the generous contribution from TRREB’S Members.
TRREB’s Participation in the Ontario REALTORS Care® Foundation
From helping their clients find their dream home to donating to shelter-based charities, improving the quality of life for residents in the communities they serve is an important priority for professional TRREB’S Member REALTORS®.
Since 2008, a total of over $5 million has been donated to the campaign and directed to shelter-based charities across the TRREB’S Member area through TRREB’S’s participation in the Ontario REALTORS Care® Foundation’s Every REALTOR® Campaign.
In 2018 alone, $616,466 was raised by TRREB Members and was successfully donated to 74 shelter-based charities across the GTA.
At TRREB’S’s May 2019 Spring Annual Meeting, TRREB’S Member REALTORS® voted to participate in the Ontario REALTORS Care® Foundation’s Every REALTOR® Campaign for the twelfth consecutive year by donating $1 per Member per month to the charity.
The post TRREB Supports “Feed Tomorrow” appeared first on TRREB Wire.
National Volunteer Week is from April 19 to April 25, 2020.
Hundreds of TRREB Members have demonstrated commitment, dedication and selflessness through their volunteer efforts at TRREB and beyond, and for that, we THANK YOU. We recognize these are challenging times, and it is having an effect on all of us. That’s why now, more than ever, we need each other.
THANK YOU TO TRREB’S 2019/2020 BOARD OF DIRECTORS, TASK FORCE, COMMITTEE & ROSTER VOLUNTEERS
Each year, over 250 TRREB Members volunteer on the Board of Directors, a Committee, Task Force or Roster, and we couldn’t do the work that we do without you.
Board of Directors
Commercial Committee
Left to Right: Alireza Moghaddam, Brian Madigan, Daljinder Gill, Jasmine Wang, Neel Venugopal, Gareth Jones (Chair), Sahir Jamal, Victoria Bozinovski and Raymond Chan
Absent: John C. Kennedy, Peter Burdon (Vice Chair)
Consumer Relations Committee
Back Row (l-r): Nancy Lee Jobin, Javad Asadi-Zanjani, Arthur, Arthur Zhao, Vicky Yiu, Michelle Leung
Front Row (l-r): Rebecca Kopel, Peter Burdon (Chair), Julie Hughes
Absent: Wendy Liu, Gary Zhu, Keith Myrick
Finance Committee
Front Row (l-r): Michael Zheng, Eliza Cheung, Kevin Crigger (Chair), Lisa Patel (Vice Chair), Sanjay Babbar
Back Row (l-r): Rahim Suleman, Jamie Johnston, Paul Purcell, Shams Manji, Jim Canale-Parola
Absent: Roman Havlin
Government Relations Committee
Left to Right: Ron Abraham (Vice Chair), Ram Rajendram, Nito Morcos-Brown, Brian Walker, Christopher Marrelli; Nicolette Knight, Alexandra Cote, Anu Joshi, Wasim Jarrah, Robin Smulders Richmond, Brian Torry (Chair), Nita Kang, Christopher Cerone, Henry David, Peter De Guerre, Deirdre Slowey, Josh Klein, Mary-Kate Rose, Larry Cerqua.
Absent: Tony Luke, Lori Roberts, Kate Young, Jeffrey Luciano, Marcia Mullings, Lou Iaboni, Dianne Usher
Member Communications Committee
Front Row (l-r): Shalini Bahadur, Charlene Williams, Beverley Fleischer
Back Row (l-r): Heather Lemieux, Elechia-Barry Sproule, Ritesh Jhamb, Keith Kwan (Chair), Clarence Maquito, Mohamed Karatella, Richard Kang-Choo,
Julia Seaton, Sharon Caddy
Absent: Soroya Dempsey, Wilfred Mandel
Member Services Committee
Front Row (l-r): Deana Juffs, Judi Lloyd, Neetu Mann, Lina Ronco, Gladis Eid
Back Row (l-r): Colin Miyazaki, Latif Merali, Loic Danis, Keith Kwan
Professional Development Committee
Front row (left to right): Anne Balkou; Nectaria Kladitis; Laura Hammer; Joanne Kavoulakis-Drakos
Back row (left to right): Jay Nicholson; Josh Klein, Chair; Garry Bhaura, Vice Chair; Mansoor Mirza
Absent: Trish Manning, Gino Schincariol, Roopa Scharma
Young Professionals Network Committee
Top Row (l-r): Tristian Clunis, Ramin Noushinfar, James Milonas
Middle Row (l-r): Guneet Parmar, Kenneth Laroza, Fan Gao, A. Azim Dewan, Manjot Chohan, Ricky Rathore, Eric Kuo
Bottom Row (l-r): Giselle Castillo, Karen Spencer, Joliana Alamo, Kate Young (Chair), Stephanie King, Brittany Ffrench, Sara Arkani
Governance By-Law Task Force
Front Row (l-r): Dianne Usher, Lisa Patel
Back Row (l-r): Keith Kwan, Tim Syrianos, Mike Collins, Robert Ede, John Meehan
REALTOR® QUEST and 100 Year Anniversary Celebration Task Force
Front Row (l-r): Wendy Carroll, Lori Roberts (Chair), Kate Young, Cristina Lopes
Back Row (l-r): Vincenzo (Vince) Tersigni, Richard Silver, Michael Collins, Gurcharan Bhaura (Garry) (Vice Chair)
Absent: Susan Gucci, Paul Baron
We would also like to applaud Members who serve on the Committees and Rosters listed below who are not pictured above:
THANK YOU TO THE TRREB MEMBERS WHO PARTICIPATED IN FEED TOMORROW
This past fall, TRREB Members participated in Feed Tomorrow, which helped raise awareness about child hunger and the need for student nutrition. At this event, TRREB Members travelled to two schools to see student breakfast programs in action. Click here to read more about TRREB’s involvement in Feed Tomorrow.
THANK YOU TO THE TRREB MEMBERS WHO PARTICIPATED IN SUMMER BUILD DAYS
Recapping back to TRREB’s Summer Build Days, a big applause also goes out to each TRREB Member who participated in the construction of a Habitat for Humanity home. To read more about the volunteer efforts from Members this past summer, click here
.
CELEBRATE WITH US – SHARE YOUR STORIES USING #wevolunteer
Help us celebrate all week by sharing your favourite volunteer memories or why it’s important for you to get involved at TRREB or in the community using #wevolunteer
JOIN TRREB’S 2020/2021 COMMITTEE COMMUNITY OR BOARD OF DIRECTORS – APPLY ONLINE
Applications to serve on TRREB’s 2020/2021 Board of Directors are due on April 24, 2020. For more information on how to submit your nomination and the mandatory requirements, including previous attendance at a Prospective Candidate Orientation Session, visit Stratus.
Applications to apply to serve on TRREB’s 2020/2021 Committees, Task Forces, or Rosters are due on May 15, 2020. You can easily apply online before the deadline if you haven’t yet done so, but are interested in volunteering at TRREB.
For more information on CALL FOR NOMINATIONS 2020/2021 Board of Directors Election Click Here.
Download the
Looking for more information about TRREB’s Committees? Watch below and hear directly from two volunteers on TRREB’s Committees on why they participate.
The post National Volunteer Week – Thank You to TRREB Volunteers appeared first on TRREB Wire.
Starting April 25, 2020, Stratus Users will experience a single access point for electronic forms (CREA WEBForms®) and electronic signatures (Authentisign®).
We know your time is valuable. That’s why TRREB collaborated with CREA and Lone Wolf to ensure all Stratus Users have a working, stable, convenient and integrated forms and electronic signatures system.
This all-in one-platform will feature CREA WEBForms® merged with additional value-added features for Stratus Users, including:
This means you’ll experience a familiar electronic forms platform and have access to all the additional benefits you have already experienced as a Stratus User of Instanet®-Authentisign®.
Service Switchover & Wording of Links
The screenshots below show the key access points for WEBForms®/Authentisign®. While the switchover of the actual service will take place on April 25, at which time you will be routed to the all-in-one platform when you click on the links, the name/wording of the links will be relabelled from the current “Instanet-Authentisign” wording/branding to “WEBForms®/Authentisign®” between April 25 and April 30.
MERGED PLATFORM WITH THE SAME ADDED BENEFITS
Stratus Users will continue to benefit from the additional features over and above the standard CREA WEBForms® that they had while using Instanet®-Authentisign®, with only some slight changes to how they are accessed as shown below:
Unlimited Electronic Signing Sessions
Unlimited electronic signing through Authentisign® can be accessed by clicking the pen icon, either in the main menu on the side of the dashboard or within an individual form.
The signing process is the same as previously followed in Instanet®-Authentisign®. Click here for more detailed instructions.
Listing Draft Upload Directly to Stratus from MLS® Data Information Forms
Stratus Users will continue to have the ability to upload a listing draft with one click from an MLS® Data Information form filled out in CREA WEBForms®. This functionality is the same as previously available in Instanet®-Authentisign®.
Click here for more information on uploading a draft listing to Stratus.
Auto-Population of Forms Directly from a Stratus Listing
Stratus Users will continue to have the ability to auto-populate forms, including the Agreement of Purchase and Sale, with one click from a listing in Stratus.
Click here for more information on one-click form auto-population from Stratus.
Unlimited Document Storage
All Stratus Users have unlimited document storage in their instance of CREA WEBForms®. To access, upload and download documents, you simply click the Documents icon in the main menu.
For more information on how to upload and manage documents, click here.
TRANSFER OF KITS FROM WEBFORMS® LEGACY
Many Stratus Users have already transferred their kits from WEBForms® Legacy to CREA WEBForms® or TRREB’s Instanet®-Authentisign® application. Rest assured, existing kits from both platforms will be retained in the merged platform.
In addition, for Stratus Users who still have kits in WEBForms® Legacy, you will soon have the ability to transfer the remainder of your kits to CREA WEBForms® in bulk. More news on this feature will be coming soon.
WE’RE HERE TO ANSWER YOUR QUESTIONS
TRREB Help Desk
TRREB’s Help Desk is available to help with both CREA WEBForms® and the additional features available to Stratus Users, including Authentisign®.
The Help Desk can be reached at 416-443-8111 or mlshelpdesk@trebnet.com
Monday to Friday: 7:00 a.m. to 11:00 p.m.
Saturday and Sunday: 9:00 a.m. to 4:00 p.m.
CREA Help Desk
The CREA Help Desk can be reached at 1-888-237-7945 or Support@crea.ca
Monday to Friday: 8:00 a.m. to midnight
Saturday and Sunday: 8:00 a.m. to 10:00 p.m.
Lone Wolf Help Desk
The Lone Wolf Help Desk is also available at 1-800-668-8768, 24 hours a day, seven days a week, or by email at tdsupport@lwolf.com
The post All-in-One Platform Experience: CREA WEBForms® & Authentisign® appeared first on TRREB Wire.
We are introducing a new and improved TRREB Virtual Learning toolkit for Members to allow you to engage in more Professional Development sessions virtually.
TRREB’s Virtual Learning is so much more than Live Webinars – it’s interactive, engaging and informative. We’ve also introduced Study Hall Sessions, keep reading to find out more and how you can register!
Plus, TRREB’s Virtual Learning Live Webinars and Study Hall Sessions are FREE for all TRREB Members.
LIVE WEBINARS
TRREB Members can register for any of the one-hour* Live Webinars below:
for Commercial PractitionersTo register, visit the Prov. Dev. section on the Stratus communications site and select TRREB Virtual Learning.
Or, you can find all Live Webinars directly on e-Commerce, here.
In addition, you can view the webinars and register for them on the Calendar in e-Commerce.
STUDY HALL SESSIONS
As a TRREB Member, you can also engage in a question & answer period on any Professional Development subject matter with a TRREB Virtual Learning instructor. Your questions can be answered publicly by audio or privately on the webinar chat.
To register for the next Study Hall Session, click here.
The post TRREB Virtual Learning appeared first on TRREB Wire.
