THE FLASH - IN THIS ISSUE President's Message News Webinars Stats Membership Update Contact Us - Niagara Association of REALTORS
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THE FLASH -MAY 2021 | 1
THE FLASH
IN THIS ISSUE
President’s Message 2
News 4-5
Webinars 6
Stats 7-8
Membership Update 9-11
Contact Us 13
GET IN TOUCH
905-684-9459
nar@niagararealtor.ca
116 Niagara Street
St.Catharines, ON L2R 4L4
Connect with us
@NiagaraRealtors
THE FLASH -MAY 2021 | 2 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 Rempel President, Niagara Association of REALTORS® 905-688-4561 homes@dougrempel.ca
THE FLASH -MAY 2021 | 3 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: grant@niagararealtor.ca Grant Brown Executive Officer
THE FLASH -MAY 2021 | 4 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
THE FLASH -MAY 2021 | 5
News
Prospects Update
The latest release of
Prospects Mobile brings the
much-awaited Pending Price
to the application. would need to login to Matrix no longer need to juggle
to identify what the Sold Price between the systems for that
Previously, when a listing was. information.
was Pending, it would display
the last list price and users With this update, users will
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 anna@niagararealtor.ca
or call the office at (905) 684-9459.
If you are looking to purchase a lockbox from another REALTOR®, contact Anna Burdzinski : anna@niagararealtor.ca 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 anna@niagararealtor.ca
THE FLASH -MAY 2021 | 6
Webinars
MPAC Assessment 101 for Factors Affecting Real Thursday, May 20, 2021 MPAC Commercial Property
REALTORS® Property Value 10 a.m. to 12 p.m. EST Webinar
Register now
Training provides an overview This webinar is a continuation Tuesday, May 25, 2021 This webinar provides an
of how MPAC collects data, of the MPAC Assessment 101 1 p.m. to 3 p.m. EST overview of MPAC's methods
measures properties, and webinar series. MPAC takes a Register now for valuing commercial and
instructions on calculating more detailed look at the top 5 industrial properties. They will
property taxes. MPAC factors affecting real property MPAC Automated also take a detailed view at the
shows REALTORS® how to value when using mass Valuation Models (AVM) for data offered in sample reports.
access Assessment, Site, appraisal techniques. REALTORS® Participants will learn about
Structural, and Sales Data, assessment basics as well.
within GeoWarehouse, and Participants will also learn This webinar provides an Join MPAC for a more thorough
provides an overview of their about other property features overview of our real-time look at MPACs Commercial and
Automated Valuation Model that can significantly affect market value estimates, used Industrial data products.
(AVM) products customized for property value. for listing presentations, setting
REALTORS®. the listing price, supporting an Upcoming Commercial
These include elements offer, or simply as a second Property webinars
Upcoming Assessment 101 of primary and secondary unbiased opinion of value.
webinars structures, site details and Wednesday, May 12, 2021
locational influences. Join Upcoming AVM webinars 1 p.m. to 2 p.m. EST
Wednesday, May 19, 2021 MPAC for a more thorough look Register now
10 a.m. to 11:30 a.m. EST at MPAC's valuation process. Monday, May 10, 2021
Register now 1 p.m. to 2 p.m. EST Thursday, May 27, 2021
Upcoming Factors webinars Register now 10 a.m. to 11 a.m. EST
Register now
Tuesday, May 11, 2021 Tuesday, May 18, 2021
10 a.m. to 12 p.m. EST 11 a.m. to 12 p.m. EST
Register now Register now
THE FLASH -MAY 2021 | 7
MARKET REPORT: April 2021
Please 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
Niagara RESIDENTIAL Lincoln) that include: HPI Benchmark, days on market, number of sales
and number of new listings. The Market Comparison will include 2020
OVERVIEW - April 2021
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
Total New Listings
1,329 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.
RESIDENTIAL - year vs. year
Number of sales
1,082 April 2020 April 2021 % Change
Sales 276 1,082 292%
HPI Benchmark $456,400 $643,200 40.1%
Average DOM 37 15 -59.3%
RESIDENTIAL - month vs. month
HPI BENCHMARK
$643,200 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%
AVERAGE Dom
15
THE FLASH -MAY 2021 | 8
MARKET REPORT: April 2021
Municipality breakdown
Now includes West Lincoln!
HPI: $1,064,100
HPI: $613,800 New Listings: 74
New Listings: 359 Sales: 63
Sales: 288 DOM: 38
DOM: 9
HPI: $759,900
New Listings: 64 HPI: $562,900
Sales: 46 New Listings: 75
DOM: 12 Sales: 66
DOM: 10
HPI: $757,600 HPI: $578,900
New Listings: 37 New Listings: 268
Sales: 30 Sales: 216
DOM: 11 DOM: 14
HPI: $528,200
HPI: $841,900 New Listings: 173
New Listings: 43 Sales: 150
Sales: 40 DOM: 9
DOM: 21
HPI: $517,500 HPI: $509,300
New Listings: 84 New Listings: 152
Sales: 66 Sales: 117
DOM: 12 DOM: 14
Note: Number of sales represents 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
THE FLASH -MAY 2021 | 9
Membership Update - May 2021
As 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
THE FLASH -MAY 2021 | 10
• 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 BrokerageTHE FLASH -MAY 2021 | 11
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 - notl@revelrealty.ca, 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 RecordTHE FLASH -MAY 2021 | 12
Membership Dues Breakdown
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.
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/
NiagaraRealtorsTHE FLASH -MAY 2021 | 13
HOURS OF OPERATION
We are open Monday to Friday
8:30 a.m. to 4:30 p.m.
HelpDesk Email – helpdesk@niagararealtor.ca
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 “helpdesk@niagararealtor.ca” where your question or inquiry
will be directed to the appropriate department, and our helpful staff will happily assist you.
Additional Resources
CONTACT US
Executive Officer grant@niagararealtor.ca
Executive Assistant, Professional Standards sarah@niagararealtor.ca
General Inquiries nar@niagararealtor.ca
MLS® Forms and Interboards sue@niagararealtor.ca
Membership Applications and Revisions karen@niagararealtor.ca
Accounting and Membership Dues maria@niagararealtor.ca
NAR Shop and LockBox Orders anna@niagararealtor.ca
NAR Systems Support chelsea@niagararealtor.ca
Communications, Media and Events communications@niagararealtor.caYou can also read
