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Real Estate Professional | 10 Mar 2015, 09:04 AM Agree 0
Housing starts down in Canada... Realtors battle TREB over online data...Calgary housing market surviving oil price decline...
  • David Z | 10 Mar 2015, 09:39 AM Agree 0
    Regarding sales data and TREB issues. All the sales data information is available through the registry office. Teranet gives all sales data more complete then TREB or any board as they include all sales. Not just sales recorded by an association. Why does this battle continue. The information has always been available however realtors have organized all this information very well. Realtors have done this for the benefit or real estate professionals. Not for consumption of every and all consumers. Realtors should stop giving away all of their information free.
  • peter barbati | 10 Mar 2015, 09:39 AM Agree 0
    Passing out sold data is not an intrusion into privacy unless it identifies the specific property. When conducting CMA for our sellers, we regularly refer to sold data and so why is there a conflict? What is a conflict is when specific homes are mentioned in general mail-outs or emailed stat info. There is NO reason why a reputable realtor would need to identify specific homes. TREB should not stand against using general data as it is one of the tools we need to strengthen our position in the market place against FSBO sites nor should the data be made available to the general public as we (realtors) are paying heavy dues for the accumilation of this data. This is not a conflicting statement:
    -Sending out a general letter stating that the average det home sold for $xxxx is not and should not be a violation.
    -Sending out a general letter that identifies specific properties (that are not the selling agents/brokers, under specific conditions as per the privacy regulations) is and should be a violation.
    As it is, larger brokerages have an advantage over smaller ones in that they use "solds by our brokerage" stats that obviously do not mention that 95% or so of those were co-operative in their advertisements. This allowable distortion of facts works to further muddy the sellers understanding of exactly how the MLS works and the advantage a properly listed property would provide. TREB, if truly concerned for the long-term health of the industry and the realtors that support TREB's existance, would better the industry if it would strengthen the obtuse rules against listing properties that have been pre-sold (really, sold with "0" days on the market? How can the seller be assured of top-value if there is no competition?)
    Blocking the distribution of all "statistics" (general, without mentioning specific homes) will put smaller brokerages at a further dissadvantage.

    However... it is the realtors that are paying heavy dues to accumilate those stats and no-one should bully TREB into making it available to non-members. If it is made available, why are we paying dues at all?
  • | 10 Mar 2015, 10:24 AM Agree 0
    The issue with sales data is that the data from the MLS includes sales that haven't closed yet. That is the only issue on hand. I'm sure if these online brokerages scrubbed the data properly, there wouldn't be this discussion
  • Sandy Clark | 10 Mar 2015, 10:47 AM Agree 0

    In reference to the above "housing starts are down", this is NOT true here in Nanaimo, BC on Vancouver Island. We have experienced a surge of building activity! As noted in the Nanaimo Economic Development Corporation's (NEDC) Quarterly Economic Update 2014, compared to the 2013 quarterly report, Nanaimo has experienced a 5-7% increase in property prices and building permit issuance increased 18%. The report also states that at the end of the 3rd quarter in 2014 compared to the same period in 2013, housing starts increased by 118%; 40% more single family homes were built; semi and row housing increased by 35%; and apartments and other types increased by 384%! In addition to this, our vacancy rate has also decreased! 

    Growth in Nanaimo and our surrounding communities of Ladysmith and Parksville is increasing at a rapid pace. Newcomers are relocating to Nanaimo for our incredible year round climate, amazing scenery, beaches, lakes, mountains, year round outdoor recreation, golfing, fishing, hiking, ocean adventures, boating, central location, safe community, fresh air, economic sustainability, university, investing, retirement lifestyle and of course affordability! 

    If you would like more information on Nanaimo, Parksville or Ladysmith and the many benefits of relocating to or investing in central Vancouver Island, contact Sandy Clark on 250-668-9878. I am a realtor and long term resident of #Nanaimo, 
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