Join TREB at the TD Festival of South Asia on Saturday, August 15 and Sunday, August 16. Drop by the Toronto Real Estate Board festival booth, let them know that you’re a REALTOR®, and get your REALTORS® ONLY promo items!
Share your festival experience with us at #TREBEVENTS
The TD Festival of South Asia takes place on Gerrard Street East between Greenwood and Coxwell Avenues. For more festival details, go to festivalofsouthasia.com
A Member has reported an unusual occurrence that took place on August 5.
The Member recently represented a client, an Ontario numbered company, in the sale of a commercial property in W06.
Although only the company name was noted on the listing, the Seller received a telephone call at home from an individual who asked for her by name. The caller related information regarding the transaction, noted that the Seller was the signing officer for the company, and requested further details.
He claimed to be calling on behalf of a real estate marketing firm, indicating that he was collecting information for a database and requesting that the Seller provide her home address to be added to it.
The Seller did not provide any information and quickly noted the caller’s name and telephone number from call display.
When the Member was alerted to this concern, she recalled receiving a similar inquiry within the past year after selling her own property.
The Member then attempted to reach the individual to discuss the August 5 inquiry and found that the number is not in service.
A Member has reported an unusual occurrence that took place on August 5.
A Member has reported a concern regarding a Buyer who made an offer on an Oakville home listed for sale for $4 million, and failed to follow through with the deposit funds.
Prior to showing the home, the Listing Salesperson requested the Buyer’s financial documents through the cooperating Brokerage. The documents, which are confirmed to have been falsified, were from a major financial institution and reflected account balances from $3 to $6 million.
The Buyer provided two explanations as to how she acquired the funds, initially indicating she had received an inheritance and then stating she had been paid substantial funds for artwork she created.
After viewing the home on two occasions, she made an offer during the August holiday weekend, which was accepted. She failed to produce the agreed upon deposit of $400,000 on August 4, and on August 6, she signed a mutual release.
The Listing Salesperson subsequently learned that she also made an offer on a high-end condominium lease in C01 within the past month; however, it was not accepted. Additionally, she has recently viewed at least one other luxury condominium in downtown Toronto.
The individual is described as a 22-year-old woman, approximately 5’1” tall. She indicated that she is an art student who lives in Toronto with her parents.
Taking in Toronto’s landscape is like watching a scene through a vintage slide projector: signs of its metamorphosis are evident with the click of each new frame and every new sunrise.
A prime example of this growth exists throughout our city’s south core, or SoCo district, where several new office towers have sprung up in recent years, drawing some of the world’s biggest brands to their environs.
The new 31-story Bremner Tower, located just steps from the Metro Convention Centre, CN Tower and Rogers Centre, already houses Apple Canada Inc., and will soon be home to Amazon.
Next door is the 26-floor PwC tower, and neighbouring that is Telus House, a 30-storey office tower that in 2010 blazed a trail in businesses’ migration to the south core. Cisco Systems Inc., which last year announced a $100 million investment in Toronto as one of its four global innovation centres, is another key SoCo resident.
While corporations are drawn by modern office layouts, energy efficient features, and proximity to Union Station, aesthetics also play an important role in luring top talent; a point not lost on Royal Bank, which last year moved 4,000 employees to its new 30-floor headquarters, RBC WaterPark Place.
Sun Life Financial has also announced plans to move its offices to the south core next year. Its new headquarters will be a 35-storey building at One York Street.
Near Corus Entertainment’s waterfront headquarters, billions of dollars have been invested in mixed used developments planned for the East Bayfront, which in addition to condominiums and affordable rental housing units, will be home to an innovation centre and a creative industries hub.
Further east, on a former brownfield site adjacent to the Distillery District is Toronto’s newest neighbourhood, the Canary District. This $514 million West Don Lands development includes a mix of condominiums, rental apartment buildings, George Brown College student housing, and a YMCA. It is anticipated that the community, with its expansive sidewalks, awarding winning 18-acre park Corktown Common, and 46,000 square feet of health and wellness themed retail space, will eventually include more than 6,000 residential units. Its first role though, is to play host to the PanAm and Parapan Am Games’ 10,000 athletes, coaches and officials. After the Games come to a close, the buildings’ temporary walls and finishes will come down, to be readied for new permanent residents.
Another area that is home to sizable new condominium development lies near the foot of Yonge Street. In May, locals bid farewell to Captain John’s restaurant, a 90-metre ship moored at the base of Yonge Street for the last forty years. After a 15-year legal battle with the city, the ship was towed away to a marine scrapyard in Port Colborne. What lies ahead for this significant slip is as yet unknown, but one thing is certain: we can look forward to more exciting changes in our city’s landscape in the years ahead.
All of these changes are driven by that fact Toronto is regarded as one of the world’s most up and coming cities. As a stable and straightforward investment, Greater Toronto Area real estate can provide you with the opportunity to quietly grow your nest egg while being a part of one of the world’s most dynamic centres. To plan your next move, talk to a Toronto Real Estate Board Professional Member REALTOR®, and visit www.TorontoRealEstateBoard.com. If commercial property is what interests you, contact a TREB Commercial Professional Member REALTOR® by visiting trebcommercial.com.
Mark McLean is President of the Toronto Real Estate Board, a professional association that represents 41,000 REALTORS® in the Greater Toronto Area.
Follow TREB on www.twitter.com/TREBhome, www.Facebook.com/TorontoRealEstateBoard, pinterest.com/trebhome/,www.linkedin.com/company/treb and www.youtube.com/TREBChannel
The annual 25 Year & 50 Year TREB Member Dinner is scheduled for Thursday, September 24. Beginning August 17 through August 21, TREB is accepting Early Bird RSVP dinner registrations for NEW 25 Year TREB Members ONLY. The dinner will take place at the Toronto Congress Centre, North Building Ballroom located at 650 Dixon Road, Toronto M9W 1J1. This year’s entertainment will feature The Big Sound, a tribute to Motown.
If you have received a NEW 25 Year TREB Member EARLY BIRD invitation, please RSVP tomemberdinner@trebnet.com or TREB’s Special Event Line at 416-443-8179.
As this event fills to capacity each year, we are unable to provide additional tickets for spouses or guests, paid or otherwise.
Please note that this is an invitation only event, if you have not received an EARLY BIRD invitation and believe you qualify for NEW 25 Year TREB Member status, please complete the attached form and submit it to the Membership Department for verification as soon as possible.
All other qualified attendees will receive dinner invitations following the EARLY BIRD term.
On August 19, we email broadcast August's edition of the monthly, electronic Across The Board Member newsletter to all TREB Members. This issue features:
If you can’t find the email link to Across The Board in your Inbox, or you’ve accidentally deleted it, you may click here to open the newsletter.
If the link to open Across The Board doesn’t work on your computer, there is an alternate method to read the newsletter. To access Across The Board from within TorontoMLS/New Stratus:
To print Across The Board:
The annual 25 Year and 50 Year TREB Member Dinner is scheduled for Thursday, September 24. It will take place at the Toronto Congress Centre, North Building, Ballroom located at 650 Dixon Road, Toronto M9W 1J1. This year's entertainment will feature The Big Sound, a tribute to Motown.
If you have received an invitation to this year's 25 Year and 50 Year TREB Member Dinner, please RSVP to memberdinner@trebnet.com or via TREB's Special Event Line at 416-443-8179 by September 16.
As this event fills to capacity each year we are unable to provide additional tickets for spouses or guests, paid or otherwise.
Please note that this is an invitation only event. If you have not received an invitation and believe you qualify for 25 Year or 50 Year TREB Member recognition, please complete the corresponding form attached below and submit it to the Membership Department for verification as soon as possible.
TREB is hosting a FREE Federal Election Housing Forum on Thursday,September 17 at 11:00 a.m. at TREB's Office (1400 Don Mills Road).
Find out where major federal political parties stand on housing-related issues that matter to REALTORS® and the clients you serve.
This FREE event is EXCLUSIVE to TREB Members. Lunch will be provided.
TREB Members can also win 1 of 25 Starbucks gift cards ($20 value) with their RSVP/attendance at the event.
TO RSVP/ENTER THE DRAW:
CONTEST DETAILS
Prior to the event, winners will be chosen at random and contacted via email.
Notified winners may claim their prize at the forum at TREB on September 17 at the door.
Members must be in attendance the day of the forum to claim the prize.
The promotion closes September 16, 2015.
Also, don't forget to JOIN our Facebook event page for updates on the forum (http://on.fb.me/1E0SImY):
Event Details
On December 2, 2014, TREB released its new Online Agreement System which allows Brokers of Record and their Salespeople to complete DLA Agreements, IDX Agreements and VOW Agreements online instead of on paper. The TREB Online Agreement System provides a method of completing these agreements in less time, with less aggravation, and no paper waste.
Brokers of Record and their Salespeople now have more control over their agreements as the system also provides quick access to view their current active agreements, any agreements they have in progress, including where they are in the chain of process, and any active legacy paper-based agreements.
Accessible from the Forms/Clauses slider menu on the home page under REALTOR® TOOLS, this new system not only reduces the time it takes to get an agreement in place, but also the amount of paper it takes to do this, reducing TREB's environmental impact. Within the first four months of the Online Agreement System being available to TREB, over 1800 agreements were initiated online.
In March 2015, the Board opted to eliminate unnecessary paper waste by deciding to set a deadline for all DLA, IDX and VOW Agreements to be done online only. As of September 1, 2015 the use of paper-based versions of the DLA, IDX and VOW Agreements will come to an end and ONLY the agreements processed online will be accepted by TREB from then onwards.
CREA's FINTRAC materials and forms have been updated. Minor clarifications and additions have been made regarding issues that have been brought to CREA's attention since the materials and forms were last updated in 2014.
The changes include:
Revised CREA forms, which incorporate the changes, are available for download now onREALTOR Link® and will be available on WEBForms® on August 27, 2015.
TREB President Mark McLean continues to communicate TREB's Member message to consumers that "Home Ownership is a Great Investment, Consult with a Toronto Real Estate Board Member Professional." This installment of the campaign's consumer messaging will be featured on AM640, AM680, CFRB Newstalk 1010, CP24, City News at 6, City News Weekend, Breakfast Television and City News at 5. In addition, Mark McLean will also be the featured spokesperson on City TV's "Tuned In" with Lucy Zilio.
Members can access all promotional spots on the campaign's landing page.
Join us for TREB's 95th Annual Meeting featuring:
A pre-meeting continental breakfast and a boxed lunch will be served.
Location: Allstream Centre, Ballroom C, Exhibition Place, 105 Princes' Blvd, Toronto. Map
Time: 10:00 a.m. – 2:00 p.m.
Doors open at 8:30 a.m.
Please note that this is a Members only event.
Registration requires an authenticator or TREB eCard.
Mark McLean, President
Toronto Real Estate Board
Promoting REALTOR® interests with all levels of government is a priority for TREB. One of the ways that TREB does this is by supporting Members that are running as candidates for elected public office.
Inform TREB of Your Candidacy
The federal election will be held on October 19, 2015. If you are a TREB Member running as a federal candidate, please let TREB know by sending an email tocynthialee@trebnet.com or by calling 416-443-8176.
Please note that federal election financing rules prohibit TREB from making financial contributions to federal election candidates/ campaigns.