THE FLASH -MAY 2021 | 1 THE FLASH

THE FLASH -MAY 2021 | 1

IN THIS ISSUEPresident’s MessageNewsWebinarsStatsMembership UpdateContact Us

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THE FLASH

GET IN TOUCH [email protected] Niagara StreetSt.Catharines, ON L2R 4L4

@NiagaraRealtors

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PRESIDENT’S MESSAGE

This is the first time I have had the honour and privilege of writing to you as your President.

As is tradition and certainly in the future, my comments will focus on current market conditions and profession focused initiatives, but today and in the midst of the third wave of the COVID event, I wanted to share another thought:

Life is 10% what happens to us and 90% how we react to it; it is about our Attitude.

Attitude to me is more important than facts; it will make or break an individual, a home, or a community, and the remarkable thing is that we have a choice every day regarding the attitude we embrace for that day.

COVID-19 presents an opportunity for each of us to display kindness, unity, and a spirit of community. I believe that together we will be victorious and as this chapter of history unfolds, it is my hope that we will all become stronger, because together we achieve more.

It is about our attitude.

Doug RempelPresident, Niagara Association of REALTORS®[email protected]


Why do I see duplicate listings on REALTOR.ca?

How listings move about can seem to be a mystery to many. One question that arises occasionally is "Why is a listing shown twice on REALTOR.ca?"

When you load a listing into Matrix on the ITSO system, your listing is seen by REALTORS® and clients of 22 Ontario Boards (soon to be 23 with the immanent addition of the Kingston and Area Real Estate Association). Your listing is subsequently sent to REALTOR.ca, and this transfer happens within 15 minutes of the listing being made active, or changes being made to the listing.

Some REALTORS® have made the business decision to become FULL Members of multiple Boards, in particular TRREB. If a member who is a dual FULL member of an ITSO Board AND TRREB chooses to load a listing in both Matrix and Stratus (TRREB's MLS® System), both those listings go to REALTOR.ca, thus the duplicate listing.

It must be noted that duplicates on REALTOR.ca do not provide any additional exposure for the seller as both listings are for the same property and shown at the same location on the REALTOR.ca map. The one difference is that ITSO (Matrix) listings are far richer in the data and available descriptions sent to REALTOR.ca, and thus present much better.

The primary benefit of either becoming a FULL Member of TRREB, or InterBoarding with TRREB is the additional exposure to TRREB agents. We know currently there are potential buyers interested in Niagara properties from the Toronto area. By InterBoarding with TRREB, you will provide your clients with the widest possible exposure in Southern Ontario.

This goes both ways. It would be equally important for TRREB REALTORS® who are listing a property in Niagara to InterBoard with NAR. This doesn't always occur, and regrettably we can't force a TRREB REALTOR® to do this, but I can attest that our MLS® department is quite busy with InterBoards from TRREB REALTORS®

If you have any further questions regarding this topic, please don't hesitate to email me: [email protected]

Grant BrownExecutive Officer

http://[email protected]


News

The Niagara Association of REALTORS® is conducting its annual member survey to better understand its Members' needs and concerns. Please take a few minutes to complete the survey and let us know how we can better serve you. Every member who completes the survey (and provides their NAR Member ID) will be entered into a random draw for a new Apple Watch, Series 6.The deadline to complete the survey is Friday, May 14th at 5pm.Thank you for your time!The survey can be completed by clicking the link: https://www.surveymonkey.com/r/7MSYZNS

https://www.surveymonkey.com/r/7MSYZNS




NewsProspects Update

The latest release of Prospects Mobile brings the much-awaited Pending Price to the application.

Previously, when a listing was Pending, it would display the last list price and users

would need to login to Matrix to identify what the Sold Price was.

With this update, users will

no longer need to juggle between the systems for that information.

Announcing the Lockbox Swap Program

The Niagara Association of REALTORS® is pleased to announce we are facilitating an ongoing "Member-to-Member" Lockbox exchange and sale program.

Please note the Association is NOT buying back these lockboxes. It is for Members to assist other Members.

For REALTORS® looking to sell extra Lockboxes they no longer need, please contact NAR with your contact info, how many Lockboxes you are looking to sell, asking price and whether they are new or used. You can send this information to [email protected] or call the office at (905) 684-9459.

If you are looking to purchase a lockbox from another REALTOR®, contact Anna Burdzinski : [email protected] or call the office at (905) 684-9459.

NAR will post the list of available lockboxes weekly on the Matrix Message of the Day. We kindly ask that those selling lockboxes contact our office so that we can update our records. Should you sell all your lockboxes, we will remove your name from the list. Lockbox prices are to be negotiated between buyer and seller.

We hope this initiative allows Members with excess, unused lockboxes the opportunity to help others in need of additional ones. Any questions can be directed to [email protected]


Webinars

MPAC Assessment 101 for REALTORS®

Training provides an overview of how MPAC collects data, measures properties, and instructions on calculating property taxes. MPAC shows REALTORS® how to access Assessment, Site, Structural, and Sales Data, within GeoWarehouse, and provides an overview of their Automated Valuation Model (AVM) products customized for REALTORS®.

Upcoming Assessment 101 webinars

Wednesday, May 19, 202110 a.m. to 11:30 a.m. ESTRegister now

Factors Affecting Real Property Value

This webinar is a continuation of the MPAC Assessment 101 webinar series. MPAC takes a more detailed look at the top 5 factors affecting real property value when using mass appraisal techniques.

Participants will also learn about other property features that can significantly affect property value.

These include elements of primary and secondary structures, site details and locational influences. Join MPAC for a more thorough look at MPAC's valuation process.

Upcoming Factors webinars

Tuesday, May 11, 202110 a.m. to 12 p.m. ESTRegister now

Thursday, May 20, 202110 a.m. to 12 p.m. ESTRegister nowTuesday, May 25, 20211 p.m. to 3 p.m. ESTRegister now

MPAC Automated Valuation Models (AVM) for REALTORS®

This webinar provides an overview of our real-time market value estimates, used for listing presentations, setting the listing price, supporting an offer, or simply as a second unbiased opinion of value.

Upcoming AVM webinars

Monday, May 10, 20211 p.m. to 2 p.m. ESTRegister now

Tuesday, May 18, 202111 a.m. to 12 p.m. ESTRegister now

MPAC Commercial Property Webinar

This webinar provides an overview of MPAC's methods for valuing commercial and industrial properties. They will also take a detailed view at the data offered in sample reports. Participants will learn about assessment basics as well. Join MPAC for a more thorough look at MPACs Commercial and Industrial data products.

Upcoming Commercial Property webinars

Wednesday, May 12, 20211 p.m. to 2 p.m. ESTRegister now

Thursday, May 27, 202110 a.m. to 11 a.m. ESTRegister now

https://register.gotowebinar.com/register/3428286465239117838









MARKET REPORT: April 2021Please note: The monthly statistics criteria has been modified by the Board of Directors to create a clearer picture of the market in Niagara. Moving forward, we will provide residential statistics (including West Lincoln) that include: HPI Benchmark, days on market, number of sales and number of new listings. The Market Comparison will include 2020 vs. 2021 and month vs previous month.

The 2020 vs. 2021 Market Comparison includes all jurisdictions of the Niagara Association of REALTORS®. Number of sales represents firm sales reported on properties listed on the Multiple Listing Service (MLS®) for the Niagara Association of REALTORS® (NAR). A full report and comparison can be found at www.niagararealtor.ca

RESIDENTIAL - month vs. month

March 2021 April 2021 % Change

Sales 1,081 1,082 0.09%

HPI Benchmark $620,700 $643,200 3.6%

Average DOM 16 15 -7.4%

RESIDENTIAL - year vs. year

April 2020 April 2021 % Change

Sales 276 1,082 292%

HPI Benchmark $456,400 $643,200 40.1%

Average DOM 37 15 -59.3%

Total New Listings1,329

HPI BENCHMARK$643,200

Number of sales1,082

AVERAGE Dom15

Niagara RESIDENTIALOVERVIEW - April 2021

The April 2020 to April 2021 comparison emphasizes the negative impact Ontario’s first COVID lock-down had on the Provinces economy including Niagara but also shines a light on market’s dramatic recovery and the desirability of Niagara Region as a place to call home.


MA

RKET REPORT: A

pril 2021

Municip

ality breakd

own

Note: Number of sales represents sales reported on properties listed on the M

ultiple Listing Service (MLS®) for the

Niagara Association of REALTORS® (NAR). A full report and com

parison can be found at: ww

w.niagararealtor.ca

HPI: $759,900New

Listings: 64Sales: 46DOM

: 12

HPI: $757,600New


: 11

HPI: $841,900New


: 21

HPI: $1,064,100New


: 38

HPI: $578,900New


: 14

HPI: $509,300New

Listings: 152 Sales: 117DOM

: 14

HPI: $613,800New

Listings: 359 Sales: 288

DOM: 9

HPI: $517,500New


: 12

HPI: $562,900New


: 10

HPI: $528,200New

Listings: 173Sales: 150

DOM: 9

Now includes W

est Lincoln!


Membership Update - May 2021As of May 1, 2021, the Niagara Association of REALTORS® had a Membership of 1,373 REALTORS®

New Members• Maya Gasparoto Mendes, Keller Williams Complete Niagara Realty, St. Catharines• Toni Lemelin, Royal LePage NRC Realty, Welland• Cheryl Gooder, REVEL Realty Inc., Brokerage, Fort Erie• Sebastian Soccio-Marandola, Coldwell Banker Momentum Realty Brokerage, St. Catharines• Justin Dube, Coldwell Banker Advantage Real Estate Inc., Brokerage, Welland• Valerie Plante, Century 21 Avmark Realty Ltd., St. Catharines• Levi Mackenzie, Keller Williams Complete Niagara Realty, St. Catharines• Anthony Milani, Keller Williams Complete Niagara Realty, St. Catharines• Cheryl Brown, Royal LePage NRC Realty, St. Catharines• Anthony DeFruscia, Sutton Group Skyway Realty Inc., Brokerage, St. Catharines• Nabeel Panjwani, RE/MAX Niagara Realty Ltd., Brokerage, Niagara Falls• Olga Tarsitano, REVEL Realty Inc., Brokerage, Niagara-on-the-Lake• Robby Rabbani, Homelife Superstars Real Estate Ltd., Niagara Falls• Cassidy Langelaan, REVEL Realty Inc., Brokerage, Fort Erie• Lucas Leone, C.R. Ford Real Estate Ltd., Brokerage, Niagara Falls• Qasim Daya, Roxborough Realty Ltd., Niagara Falls• Bianca Toader, Roxborough Realty Ltd., Niagara Falls• Giovanni Rodriguez Martinez, Niagara-on-the-Lake Realty Ltd., Niagara-on-the-Lake• Sonali Sahni, REVEL Realty Inc., Brokerage, Niagara Falls• Anya Butko, Flynn Real Estate Inc., Brokerage, Niagara Falls• Colin Wong, Century 21 Today Realty Ltd., Brokerage, Niagara Falls

Member Transfers to another Brokerage• Chuck Lord, Engel & Volkers Niagara, Niagara Falls to REVEL Realty Inc., Brokerage, Fort Erie• Mellissa Judge-Woods, Keller Williams Complete Niagara Realty, St. Catharines to Royal LePage NRC

Realty, Niagara Falls• Patricia Mingle, Royal LePage NRC Realty, Niagara Falls to RE/MAX Niagara Realty Ltd., Brokerage, St.

Catharines• Aric Greco, REVEL Realty Inc., Brokerage, Grimsby to Keller Williams Complete Niagara Realty, St.

Catharines• Valerie Plante, Century 21 Avmark Realty Ltd., St. Catharines to Royal LePage NRC Realty, St. Catharines• Donna D’Amico, Bosley Real Estate Ltd., Brokerage, Niagara-on-the-Lake to Sotheby’s International Realty

Brokerage, Niagara-on-the-Lake


• Eric Cleary, REVEL Realty Inc., Brokerage, Niagara Falls to RE/MAX Niagara Realty Ltd., St. Catharines• Bryan Droppert, REVEL Realty Inc., Brokerage, Niagara Falls to RE/MAX Niagara Realty Ltd., Brokerage,

St. Catharines• Rob Vettese, REVEL Realty Inc., Brokerage, St. Catharines to RE/MAX Niagara Realty Ltd., Brokerage, St.

Catharines• Franco Bachetti, RE/MAX Niagara Realty Ltd., Niagara Falls to Royal LePage NRC Realty, Niagara Falls

Member Transfers within a Brokerage• Christian Mendoza, REVEL Realty Inc., Brokerage, Niagara Falls to REVEL Realty Inc., Brokerage,

Niagara-on-the-Lake• Crystal Simons, REVEL Realty Inc., Brokerage, Niagara Falls to REVEL Realty Inc., Brokerage,

Niagara-on-the-Lake• Andrew Perrie, REVEL Realty Inc., Brokerage, Niagara Falls to REVEL Realty Inc., Brokerage,

Niagara-on-the-Lake• Matt Guthrie, Keller Williams Complete Niagara Realty, 87 Lake Street, St. Catharines to Keller Williams

Complete Niagara Realty, 87 Lake Street, Unit 113, St. Catharines• Marta Andre, Keller Williams Complete Niagara Realty, 87 Lake Street, St. Catharines to Keller Williams

Complete Niagara Realty, 87 Lake Street, Unit 113, St. Catharines

Member Departures• Kevin Healey, Peak Performers Realty Inc., Brokerage, Fonthill• Melanie McIntyre, Boardwalk Group Realty Inc., Brokerage, Niagara-on-the-Lake• Alison McGregor, RE/MAX Garden City Realty Inc., Brokerage, St. Catharines• Brian Volpato, RE/MAX Garden City Realty Inc., Brokerage, St. Catharines• Armando Marini, Peak Performers Realty Inc., Brokerage, Fonthill

Member Retirement• Perry Quinn, Royal LePage NRC Realty, Niagara-on-the-Lake• John Furnival, Coldwell Banker Momentum Realty Brokerage, St. Catharines

Member Change to Broker of Record• Susan Marie Schroers, Clarke Street Realty Ltd., Brokerage, Port Colborne to Broker of Record

New Offices• Keller Williams Complete Niagara Realty, 87 Lake Street, Unit 113, St. Catharines, L2R 5X5, 905-688-6688,

Lisa Taylor, Broker of Record – New Branch• Roxborough Realty Ltd., 6991 Dunn Street, Niagara Falls, L2G 2R6, 416-850-6809, kdaya @cliftonblake.

com, Qasim Daya, Broker of Record – New Brokerage


Office Departure• Boardwalk Group Realty Inc., Brokerage, 158 Anne Street, Niagara-on-the-Lake, Melanie McIntyre, Broker

of Record

Office Address Change:• REVEL Realty Inc., Brokerage, 347 Airport Road, Unit 2, Niagara-on-the-Lake moved to 1596 Four Mile

Creed Road, Niagara-on-the-Lake, L0S 1J0, new email - [email protected], Dean Serravalle, Broker of Record

• Irena Bell Real Estate Broker Inc., 19 Stonegate Place, Fonthill to 105 Vansickle Road, St. Catharines, L2S 0G4, Irena Bell, Broker of Record

Brokerage Renamed:• City Homes Realty name change to 12784106 Canada Inc. o/a City Homes Realty Brokerage, Niagara Falls,

Rashid Malik, Broker of Record


Membership Dues Breakdown

Niagara Association of REALTORS® Member Group

Join the private Niagara Association of REALTORS® Members Group, where NAR Members can share their insights,

communicate key issues, and discuss real estate related topics.

It’s a great opportunity to network with fellow REALTORS® and keep up-to-date with important issues, and events.

Join now: https://www.facebook.com/groups/NiagaraRealtors

NAR is doing what it can to support Members during these stressful times during the Global Pandemic. To provide some relief your Association is absorbing $14.78 per Member per

quarter through 2021 for the additional ITSO services introduced last summer.

https://www.facebook.com/groups/NiagaraRealtors

https://www.facebook.com/groups/NiagaraRealtors


CONTACT USExecutive OfficerExecutive Assistant, Professional StandardsGeneral InquiriesMLS® Forms and Interboards Membership Applications and RevisionsAccounting and Membership DuesNAR Shop and LockBox OrdersNAR Systems Support Communications, Media and Events

[email protected]@[email protected]@[email protected]@[email protected]@[email protected]

Additional Resources

HelpDesk Email – [email protected]

The Niagara Association of REALTORS® is pleased to remind all our members that we have a single dedicated email address for your questions and

inquiries.

Please never hesitate to email “[email protected]” where your question or inquiry will be directed to the appropriate department, and our helpful staff will happily assist you.

HOURS OF OPERATION

We are open Monday to Friday 8:30 a.m. to 4:30 p.m.

https://www.orea.com/

https://www.reco.on.ca/

https://www.crea.ca/

https://www.sentrilock.com/support/

https://rebbareform.ca/

https://www.remonline.com/

http://www.ontariorealtorparty.com/

https://www.crea.ca/ran/

THE FLASH -MAY 2021 | 1 THE FLASH

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