CREA Grows Globally
REALTORS® in Canada are continuing to grow their global presence. The Canadian Real Estate Association’s (CREA) last membership survey revealed nearly 39% of REALTORS® worked with at least one international client in the past year. CREA has a number of services and opportunities to support REALTORS® with their global business opportunities.
REALTOR Link®: your global real estate homepage
Visit realtorlink.ca/global, your one stop shop for all your global needs, including the following:
- Engaging webinars: Each month, tune in to learn more about hot topics in global real estate. Topics will range from Canadian market overviews to taxation and legal consideration to improving your referral base. If you miss out, don’t worry—all of our webinars are archived and accessible online.
- Professional development opportunities: CREA partners with boards and associations across Canada to host the Certified International Property Specialist (CIPS) courses. Find out when the next course is being offered and get the knowledge, research, network and tools to globalize and expand your business.
- Research and resources: Get the latest CREA insights from REALTOR.ca, including the quarterly reports on the Canadian cities international visitors are searching for most.
- And much more!
Join CREA Global Affiliates
In early 2017, we launched CREA Global Affiliates, a no-cost program allowing real estate professionals from around the world to become affiliates of CREA. By connecting Canadian REALTORS® to global real estate professionals, CREA Global can create new business relationships and referral opportunities.
Joining Global Affiliates gives you access to education about Canadian real estate, market research and news, templates to set-up transnational referral agreements, exclusive access to networking opportunities, and much more.
New Home for Videos and Virtual Tours on REALTOR.ca
Starting in October, videos and virtual tours will have a new home on your REALTOR.ca listings. All YouTube, Vimeo, iGuide and Matterport content will be featured in the main banner to the left of the image carousel.
This move will better promote your listing’s digital content and provides customers with an enhanced experience on REALTOR.ca.
To display content in this new area, tour URLs should be entered in the video tour field (field 64) of your board’s or association’s MLS® System.
All other video and virtual tour formats will be available via a new Virtual Tour icon replacing the previous Multimedia icon. All tours, regardless of format, can still be found on the REALTOR.ca listing via the Multimedia icon until the release, scheduled for October.
Don’t miss an opportunity to help potential buyers tour your listings 24/7. Ensure your virtual tours are added to your listings today.
No Summer Break on Parliament Hill
The Canadian government kept your CREA federal affairs team abuzz this summer with a number of different regulatory proposals affecting REALTORS® and the housing industry.
Proposed tightening of mortgage lending rules: In July, the Office of the Superintendent of Financial Institutions (OSFI) released a proposal for a stress test on uninsured mortgages. The proposal would mean lower-risk borrowers (those with a 20% down payment or more) would need to be approved at 2% above the rate offered to them by their lender. Coupled with the stress test introduced last fall, these regulations continue to push affordable homeownership further out of reach for Canadians.
CREA has made a submission to OSFI on the proposed regulations as well as launching a call-to-action on the REALTOR® Action Network. Participate in the call-to-action today, and send a letter to your Member of Parliament.
Tax changes for private corporations: This summer, the government released a proposal to reform taxation practices for personal corporations. In provinces where REALTORS® are presently able to incorporate, these changes may be impactful. CREA has made a submission to the government during the consultation process in the interests of personal and small businesses.
Marijuana legalization: The government’s proposal to legalize marijuana is moving forward this legislative session, and with it comes the ability for residents to grow up to four plants on their property. Personal cultivation has a number of housing-related impacts, including the provisions for legal disclosure, remediation standards, as well as the material impacts to the home itself. CREA is working with boards and associations to address and understand regulatory issues at the municipal and provincial levels that will unfold following legalization.
CREA Political Action Representatives will be descending on Parliament Hill on Oct. 16 and 17 to discuss all of these issues and more with their Members of Parliament. To keep up-to-date on all of CREA’s federal affairs activities, make sure to visit the REALTOR® Action Network.