DRARBULLETIN 2/18 "COMMITTED TO HELPING MEMBERS EXCEL AS REAL ESTATE PROFESSIONALS" February 2018| www.durhamrealestate.org | F DRAR54 | T @DurhamREnews CONTENT 2017: Year In Review Page 2 January Market Stats Page 3 DRAR Gives Back Page 4 DRAR Quick Links Page 6 March Events Page 7-8 Community Spirit Award Form Page 10 Long Service Pins Page 12 Membership Update Page 13 Bell Exclusive DRAR Share Plan Page 16 Durham Region Association of REALTORS® SAVE THE DATE March. 29 Commercial Breakfast Meeting Town of Whitby: Planning & Economic Development Dellagio's Banquet Hall Apr. 6 Annual General Meeting & Economic Update Tosca Banquet Hall & Conference Centre Sept. 19 REALTOR® Connect Tradeshow & Land Planning Information Deer Creek Banquet Facility Nov. 20 Fall Election & Education Meeting Location TBD Nov. 29 Christmas Dinner & Charity Auction Sikorski Polish Veteran's Hall Annual General Meeting 04.06.2018 CALL FOR NOMINATIONS! RECO is currently holding a Call for Nominations for dedicated individuals interested in shaping the future of our profession. For more info on the 2018 election head to Page 9! 1
Transcript
DRARBULLETIN 2/18 " C O M M I T T E D T O H E L P I N G M E M B E R S E X C E L A S R E A L E S T A T E P R O F E S S I O N A L S "
February 2018| www.durhamrealestate.org | F DRAR54 | T @DurhamREnews
CONTENT2017: Year In Review
Page 2January Market Stats
Page 3DRAR Gives Back
Page 4DRAR Quick Links
Page 6March Events
Page 7-8Community Spirit Award Form
Page 10Long Service Pins
Page 12Membership Update
Page 13Bell Exclusive DRAR Share Plan
Page 16
Durham Region Association of REALTORS®
SAVE THE DATEMarch. 29 Commercial Breakfast Meeting Town of Whitby: Planning & Economic Development Dellagio's Banquet Hall
Apr. 6 Annual General Meeting & Economic Update Tosca Banquet Hall & Conference Centre
Sept. 19 REALTOR® Connect Tradeshow & Land Planning Information Deer Creek Banquet Facility
Nov. 20 Fall Election & Education Meeting Location TBD
C O M M I T T E D T O H E L P I N G M E M B E R S E X C E L A S R E A L E S T A T E P R O F E S S I O N A L S
F DRAR54T @DurhamREnews
www.durhamrealestate.org
Membership Overview: 2017 started with 1,133 Members and finished the year out with 1,172 Members. It is with great sadness we announce the passing of DRAR Members Michael Finch, Patricia Prentice, Johanna Rienstra, Bill Millar.
Education Bursary: The 2017 recipients were Megan Sorichetti (Mother: Linda Sorichetti, Keller Williams Energy Real Estate) and Madeleine Daley (Mother: Pamela Daley, Coldwell Banker RMR Real Estate).
New Member Orientation: 94 new Members attended 8 orientation sessions.
Critical Illness: 4 claims were paid out in 2017, 3 claims are pending.
Insurance: 4 Life Insurance claims were made.Optional Health & Dental Insurance is now offered to members.
Arbitration: 2 Arbitration claims were filed at the end of 2017. 3 Claims from 2016 were held at the beginning of 2017.
Professional Standards: No complaints were received that required a hearing.
Education Overview: 21 Professional Development presentations were held, resulting in 709 DRAR Members attending. The new Land Plan-ning Information Session had sold-out attendance and was attended by senior planning staff from Durham Region, Whity, Oshawa & Claring-ton. In addition, a hands-on session of WEB Forms® was provided to all new DRAR Members attending orientation.
Durham Region Market Statistics: 20,455 new listings, a 31 per cent increase; 10,596 sales, a 16 per cent decrease; $6,682,538,294 dollar volume, a 2 per cent decrease; $630,666 average selling price, a 18 per cent increase; an average of 15 days-on-market, a 3 day increase. Durham Region finished the year leading the GTA in year-over-year percentage change on the MLS home price index.
Communications: Created consistent branding across platforms in-cluding emails, social media, REALTOR® Link, advertising, and events.
Social Media: In May, DRAR launched a content calendar to garnish more reach on social media. Facebook Ads Reach 20,349 in 2016 and Facebook Ad Reach 740,413 in 2017. A large increase. Facebook Ads Engagements 685 in 2016 and 15,355. Twitter 2017: Impressions 108,519; Engagement 1,730. Tweets 323; Re-Tweets 312; Replies 11 and Likes 470.
DRAR Advertising Campaign: DRAR utilized the CREA Radio Co-op Program for 3 weeks from May 29 – June 19 on 94.9 The Rock and KX-96. The campaign was supplemented with online advertising through Durham Radio News website and social media advertising.
Annual General Meeting: 115 DRAR Members attended the Spring AGM held at Tosca Banquet Hall on April 20th and an Economic Update was presented by Terry Bainbridge. Special guests included Nigel Allen, BDO; Rob Alexander, and Geoff Halford, Barrie & District Association of REALTORS®; Lorne Coe, MPP Whitby-Oshawa; and Jennifer French, MPP Oshawa, as well as representatives from the recipient charities who received the proceeds from the 2016 Christmas Charity Auction, WindReach Farm, Resources For Exceptional Children & Youth and Dur-ham Outlook. Ron Gordon was the recipient of the W. Paul Ristow Cup and the Community Spirit Award was presented to recipient Dianna Mandzuk.
REALTOR® Connect Tradeshow: In its 4th year, the REALTOR® Connect tradeshow had 400+ attendees, 45 exhibitors, 2 guest speakers (Hugh Foy and Mark Weisleder). The show featured exhibitors and sponsors from trades, banks, media, venues, inspectors and more.
Breakfast Meetings for Brokers & Office Reps: 2 Broker Breakfast Meetings were held in 2017 – in May DRAR Brokers welcomed Simon Parham, CREA Legal Counsel and in November, Adam Yahn and Tim Hudak from OREA.
Administrative Professionals Day: 35 Administrators joined the DRAR staff for a presentation on the Do’s and Don’ts by Angela Volpe from RECO, and made wooden signs for the home.
Volunteer Recognition: DRAR Members who volunteered their valuable time throughout 2017 were recognized with a portable phone speaker, which featured the logos of DRAR and HMA (Hardiman Mount & Asso-ciates).
2017 Annual Christmas Dinner Meeting & Charity Auction: Was held at the Sikorski Polish Veteran’s Hall, Oshawa on November 30th. All proceeds raised were pledged to Hearth Place Cancer Support Centre and their new building expansion. Total amount raised was a record setting $24,758.00!! During the evening the 2018 Board of Directors was sworn in by OREA Provincial Director for Central Ontario, Bradley Mayer-Harman; Debbi Guislain was presented with the CMHC Award of distinction and Mem-bers were entertained by jazz pianist, Rob Phillips.
The Government Relations Committee: The DRAR Government Rela-tions team had a busy year liaising with elected officials at all levels of government. Provincially, we engaged the government and opposition parties on a range of issues from the 16 Point Fair Housing Plan, multi-ple representation, the planned update of the Real Estate and Busi-ness Brokers Act, and the proposed mandatory Home Energy Rating and Disclosure. Federally, we have engaged our MPs regarding suggest-ed updates to the Home Buyers Plan, and our concerns regarding the new stress test for non-insured mortgages.
DURHAM REGION, February 7, 2018 - Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 470 residential transactions in January 2018, a slight de-crease from December 2017. January saw an increase in listings of 954 from 711 in December. There is 30 per cent increase year-over-year from January 2017, where there were 735 listings. “Amid the new mortgage ‘stress test’ rules for buyers that came into effect January 1st, there has been a drop in sales but an increase in listings.” stated Roberts.
January’s average selling price was $578,645, which is a stable increase from the previous month, and a minor decrease over the same month in 2017 at $608,417. Homes were sold within an average of 30 days on market for January 2018, in comparison to 15 days in January 2017. However, we still have strong pricing with 98 per cent Sale Price to List Price (SP/LP) and a healthy Sales to New Listing Ratio (SNLR) of 49.3 per cent, further indicating that Durham Region continues a strong, balanced market.
“The new ‘stress test’ rules require that borrowers qualify for mortgages at interest rates 2 per cent higher in order to still afford their monthly payments should interest rates rise,” said Roberts. “This was expected to moderate demand by qualifying loans more firmly, which has lowered the amount buyers can finance.”
“Our strong local economy and expected population growth will result in sustained household growth in Durham Region,” said Roberts. “Professional REALTORS® will be a vital part of this growth as 82 per cent of surveyed home buyers plan to use a REALTORS® in 2018 to guide them through their transaction.” (as cited from Ipsos)
With listings up and sales down, has the ‘stress test’ affected Durham Region?
DRAR Members...
Are you doing charitable work in the community? If so, please send us a photo and information and we will insert into an upcoming Bulletin and/or Social Media Post as space permits.
Durham Region Association of REALTORS® Supports Local CharitiesThe Durham Region Association of REALTORS® (DRAR) believes that contributing to a good quality of life in Durham Region is a priority and does this by giving back to local charities. DRAR presented cheques to the following three deserving charities supported in 2016; Resources for Exceptional Children and Youth, WindReach Farm and Durham Outlook for the Needy.
Resources for Exceptional Children and Youth proudly support young people with special needs, pro-viding services and resources to families since 1987. WindReach Farm provides individuals with disabil-ities and special needs an opportunity to learn farming, nature, outdoor recreation and other activities. Durham Outlook for the Needy is a seven-day-a-week, 365-day a year soup kitchen providing food to the less fortunate for over 25 years.
The donated amount represents money raised by the Every REALTOR® Campaign, which began in 2007. DRAR members contribute a dollar per Member per month, which provides grants to local charities.
To date, the Ontario REALTOR® community has raised and donated more than $3 million in funds. “We’re very proud of the great work our Foundation does,” says Dennis Roberts, President of Durham Region Association of REALTORS®.
“The Ontario REALTORS® Care Foundation is the legacy of every REALTOR® in Ontario,” says Roberts. “It belongs to all of us. That’s why Durham Region Association of REALTORS® (DRAR) thinks it’s important to support its great work. Together we can make a difference and that’s just what Members of Durham Region Association of REALTORS® intend to do.”
Photo: DRAR Executive Officer, Wendy Giroux presents the cheque to Resources for Exceptional Children and Youth Executive Director, Denise Cashley.
MEMBERS GIVE BACKAre you fundraising or running an event for charity? DRAR would like to showcase your community support in our monthly bulletin and on our social media channels!
It's as simple as three steps:- Email a brief overview of the event/fundraiser, approximately 1-2 paragraphs in length- Provide 1-4 photos with names of those in the photo when applicable.- Provide any links and/or social media handles to tag
*This is an ongoing communication initiative, no deadlines applicable.
Durham Region Association of REALTORS® Supports Local Charities
Photo: DRAR representatives; Executive Officer, Wendy Giroux;Governance & Events Coordinator, Kate Johnson present the cheque toDurham Outlook For The Needy Direc-tor of Fundraising, Alexandra Valcour.
Photo: DRAR Executive Officer, Wendy Giroux presents the cheque toWindReach Farm Manager of Donor Relations, Carol Dahlquist.
As 2018 is in full-swing, here's a brief go-to guide for quick links:
Stratus - www.torontomls.net/Login.aspStratus is DRAR's MLS® System. Webforms - www.webforms.realtorlink.caThe Canadian Real Estate Association online forms and transactions kits. CREA Help Desk - 613-237-7111 or [email protected] Canadian Real Estate Association support for Realtor.ca questions/issues. DRAR Open House - www.profile.torontomls.net/mmp/common/logon.jspHow to add an open house on the DRAR Homepage.
Housing Report - www.realtorlink.ca/content/realtorlink/on/durham/en_CA/member-services---tools/month-ly-statistics.htmlThe Durham MLS® Statistics are compiled by the Durham Region Association of REALTORS® and are based on total home sales. The statistics reflect selling prices for various property types.
Bulletin - www.realtorlink.ca/content/realtorlink/on/durham/en_CA.htmlMonthly Association email newsletter provinding membership updates, market statistics, education sessions, industry news, and more.
News/Blog - www.durhamrealestate.org/blog.cfmGo-to source of information regarding the Durham Region, provincial and national housing markets, as well as the real estate industry as a whole. Subscribe to stay informed!
Facebook - www.facebook.com/DRAR54Stay informed on the real estate market and homeownership in Durham Region. This account is active daily.
Twitter - www.twitter.com/DurhamRENewsStay informed on the real estate market and homeownership in Durham Region. This account is active daily.
Holiday Inn Express & Suites - Oshawa has Exclusively offered all DRAR Members a Corportate hotel rate!
Situated in the heart of Oshawa, is a premier place to stay for business and Leisure. The Holiday Inn Express & Suites Downtown Oshawa offers a 24-hour Business Centre, with fax, copy, email and print services. As well free high-speed Internet access throughout the hotel.
$119 per night.
For questions or to book by phone: 1-905-434-3666 or by email: [email protected]
Holiday Inn Express & Suites OshawaDowntown - Toronto Area67 Simcoe Street NorthOshawa, Ontario L1G 4S3Canada
www.hiexpress.com/oshawaon
MULTI-UNIT RESIDENTIAL DWELLING: FIRE PREVENTION LEGISLATION & LIABILITY SEMINAR
Monday, March 19Oshawa Golf and Curling Club
Time: 10 a.m. - 12 p.m.
The recent multi-unit residential fire at 116 Centre St. N. Oshawa, and the loss of 4 lives, was a preventable
tragedy according to the Ontario Fire Marshall as well as local fire officials.
Join us for this FREE session to learn about the Ontario Fire Code, fire prevention measures,
insurance and liability when listing multi-unit residential dwellings.
GUEST SPEAKERS:Susan King, Chief Fire Prevention Officer, City OshawaMark Weisleder, Real Estate LawyersSandra Deering, The Co-Operators
KIJIJI HAS JOINED THE REALTORS® DATA DISTRIBUTION FACILITY (DDF®)
Starting this February Kijiji will be joining the REALTOR.ca DDF® network of real estate advertising websites!
This is exciting news for REALTORS®especially those who have been manually posting listings to the site.
The change will only effect Brokerages who chose to opt-in for the Realtor.ca update through the DDF® network. If you are with a Brokerage who decides to chose this update listings will be automatically uploaded to Kijiji.
For more information click here.
CALL FOR NOMINATIONS RECO is seeking candidates for their Board of Directors. This year, three Industry Directors will be elected to serve on the Board until May 2021, one for each region.
People who serve on RECO's Board of Directors have the opportunityto have influence on the real estate profession in Ontario. Candidates who are interested should be passionate about the profession as well as how it is regulated.
RECO is looking for candidates who possess skills, experience and expertise necessary to perform the Board's strategic leadership and oversight responsibilities.
For all forms and information needed to submit a nomination visit the website here.
The deadline for nominations is Monday, February 26, 2018 at 2 p.m.
MULTI-UNIT RESIDENTIAL DWELLING: FIRE PREVENTION LEGISLATION & LIABILITY SEMINAR
COMMUNITY SPIRIT AWARDWe're seeking nominations for this prestigious award. Any DRAR member may nominate another DRAR member!
The DRAR Community Spirit Award was created to recognize the exceptional community volunteer contributions from the past year of a member of the Durham Region Association of REALTORS® who may or may not necessarily be an active DRAR volunteer.
The 2017 Community Spirit Award will be presented at the Annual General Meeting on Friday, April 6, 2018.
Deadline for submission is Friday, March 16th 2018 at 4:30pm
Fax in this Nomination Form to 905-723-7531 Attention: Kateor email [email protected]
Name of Nominated Member:
Name of Nominating Member:
Office: Phone:
Contribution to the Community in 2017:
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UNDER RECO'S RULES FOR REALTORS® CAN AWARDS BE USED IN EMAIL SIGNATURES?
Under legislation an email signature is considered advertising.
REBBA 2002 requires that registrants ensure their advertising is not false, misleading or deceptive (ref.s.37 Act)
Awards need to clearly convey the basis, applicable date, and the pro-vider in any advertising.
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*2. % APR assumes the typical example of a new mortgage with no costs of borrowing other than interest.1 Best mortgage on the market is based on a direct comparison of Meridian’s featured closed 5-Year Fixed Rate against the big banks’ posted special rates online on their respective websites including their respective pre-payment privileges as of March 31, 2016. Limited time offer. Big banks are defined as: Toronto Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce. Some conditions apply. Rates are subject to change without notice. TMTrademarks of Meridian Credit Union Limited. (04/2016)
*2.44% APR assumes the typical example of a new mortgage with no costs of borrowing other than interest.1 Best mortgage on the market is based on a direct comparison of Meridian’s featured closed 5-Year Fixed Rate against the big banks’ posted special rates online on their respective websites including their respective pre-payment privileges as of March 31, 2016. Limited time offer. Big banks are defined as: Toronto Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce. Some conditions apply. Rates are subject to change without notice. TMTrademarks of Meridian Credit Union Limited. (04/2016)
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LONG SERVICE PINS
• 40 Years - Allan Frank• 40 Years - Ralph Fairman• 40 Years - Joseph Bosco• 40 Years - Linda Kubota• 36 Years - William Roka• 35 Years - Wayne Johnson• 30 Years - Chris Tyrovolas• 30 Years - Rosemary McConkey• 30 Years - Terry Witherspoon• 30 Years - Bozena Stefanienko• 25 Years - Lloyd Elliot• 25 Years - Brett Puckrin• 25 Years - Peter Babin• 25 Years - Michael McMahon
• 25 Years - Cindy Ricketts• 25 Years - Shirley Cowle• 25 Years - David Coppins• 25 Years - Mike Axer • 20 Years - Richard Stark • 20 Years - Paul Frigan• 20 Years - Victor Fu• 20 Years - Thomas Pankrac• 20 Years - Yvonne Pankrac• 20 Years - Kathy McFadden • 20 Years - Margaret Ball • 20 Years - Lynda Marden
If you feel that you have been missed, please contact Shelly Bugera at the DRAR Office at: [email protected]
It will soon be time to award our valued Long Service Members with their respective pins. The following Members will be receiving Long Service Pins at the Annual General Meeting in 2018. (Long Service is calcu-lated based on the cumulative total of time accrued as a Member of DRAR not time as a REALTOR®)
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Bill Credits: are applicable to new BELL clients when switching service providers. Credits are applied at $20/month for 5 months (commencing on second monthly statement)
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All DRAR Members have access to exclusive discounts on hundreds of products and services. Click here to visit the Discounts page of REALTOR Link® for more information.
HOME BUYERS COME FROM ALL OVER, WHICH IS WHY WE ENSURE
OUR MAGAZINE GETS DISTRIBUTED TO ALL OVER THE REGION.
We also know that home drop offs don’t work. so we make sure that Homes & Land of Durham Region is present at key retail locations, Dream Boxes, Homes & Land boxes and Go Stations in Durham,
making it visible for potential buyers to pick up. Lastly we know that a home seller is a home buyer, so we make sure that every new listing in Homes & Land of Durham Region gets a magazine.
If you’re interested in having your home featured in Homes & Land of Durham Region get your realtor to contact us today!
