Archive for October, 2018

The latest Teranet Market Insights Report #MIR is hot off the presses.

In this issue we take a deep dive into the recent surge in private mortgage lending in the GTA. We hope you enjoy!

Click here to download now.

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October 25, 2018

Our GeoWarehouse® solution will be unavailable between:

Friday, October 26 at 9 p.m. to Saturday, October 27 at 2 a.m.

During this maintenance window, you will be unable to login to our online solution or make purchases through the e-store.

We apologize for any inconvenience this may cause.

If you have any further questions or need assistance, please call us at 1-866-237-5937 or email GeoWarehouseFeedback@teranet.ca.

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October 24, 2018

The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement.

This is the fifth interest rate increase since July of 2017, and the third in 2018.

The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA) as some of its reasons for the increase.

Other justifications included business investment and export projections, a stable inflation rate, and steady household spending.

There was only one mention of the Canadian housing market in the announcement.

“Households are adjusting their spending as expected in response to higher interest rates and housing market policies,” the BOC stated.

“In this context, household credit growth continues to moderate and housing activity across Canada is stabilizing. As a result, household vulnerabilities are edging lower in a number of respects, although they remain elevated.”

The October 24 rate increase was expected by many, especially once the USMCA deal was approved.

The BOC indicated there will be more increases on the horizon, though perhaps not as many as originally thought.

“In determining the appropriate pace of rate increases, Governing Council will continue to take into account how the economy is adjusting to higher interest rates, given the elevated level of household debt,” the BOC said.

There is one more interest rate announcement scheduled for 2018, on December 5.

The effects of the hike on real estate interest rates remain to be seen.

GeoWarehouse has tools for real estate professionals that can help navigate interest rate changes. Research the latest property data, comparable sales, and more.

Call 1-866-237-5937 or visit www.geowarehouse.ca to learn more.

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October 18, 2018

We are performing maintenance to our POLARIS database on the weekend, during the following period:

Saturday, October 20 from 9 a.m. to 6 p.m.

As a result, you will not be able to purchase statutory reports (Parcel Registers*, Instrument Images*, and plans) in the e-store. However, you will still be able to use GeoWarehouse to conduct property searches and purchase other e-store products.

If you have any questions, please call us at 416-360-7542 or 1-888-237-5937 or email us at GeoWarehouseFeedback@teranet.ca.

* An official product of the Ontario government pursuant to provincial land registration statutes.

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If you are looking for real estate training, GeoWarehouse is the place to go.

We offer many different types of training on how to use our property tools that make you the expert.

Three main ways we provide our training:

  1. Webinars — both for individuals and for groups.
  2. Live training sessions for groups of 20 people or more (this is a popular choice for real estate associations and the like).
  3. Classroom training in person at our 123 Front Street West location in Toronto.

These training sessions give you the opportunity to learn how to harness real estate technology for your business, in the way that you learn best.

If you’re interested in an upcoming training session, here’s what we have on the horizon:

Live Training

October 16, 2018: Kitchener-Waterloo Association of REALTORS®

November 5, 2018: Northumberland Hills Association of REALTORS®

November 9, 2018: Peterborough and the Kawarthas Association of REALTORS® Inc.

November 13, 2018: CENTURY 21 Green Realty Inc., Brokerage* MISSISSAUGA

November 15, 2018: Royal LePage Realty Plus in Mississauga

November 20, 2018: Manor Hill Realty Inc. in Toronto

If you would like to join any of these sessions, please contact the Real Estate Board or Organization directly to register.

Webinar: NEW GeoWarehouse – Tips & Tricks

In this webinar we will explore the top tips & tricks and best practices for using NEW GeoWarehouse.

  • October 23, 2018 from 3 p.m. to 4 p.m.
  • November 12, 2018 from 10 a.m. to 11 a.m.
  • December 3, 2018 from 1 p.m. to 2 p.m.

Webinar: All About NEW GeoWarehouse

In this session you will learn about all of the features available in your GeoWarehouse subscription.

  • October 29, 2018 from 10 a.m. to 11:30 a.m.
  • November 19, 2018 from 10 a.m. to 11:30 a.m.
  • December 10, 2018 from 1 p.m. to 2:30 p.m.

Webinar: NEW GeoWarehouse – All About Condos

In this webinar we will explore all of the unique features related to condo-type properties using the NEW GeoWarehouse.

  • November 19, 2018 from 3 p.m. to 4 p.m.
  • December 10, 2018 from 10 a.m. to 11 a.m.

Webinar: NEW GeoWarehouse – PDF Reports

In this webinar we will explore how to generate and customize the PDF Property Report, Comparable Sales Report, & Client Report.

  • October 23, 2018 from 10 a.m. to 11 a.m.
  • November 12, 2018 from 1 p.m. to 2 p.m.
  • December 3, 2018 from 10 a.m. to 11 a.m.

Webinar: The GeoWarehouse e-Store

In this webinar we will explore all additional due diligence opportunities available through the GeoWarehouse e-Store.

  • October 22, 2018 from 11:30 a.m. to noon
  • November 12, 2018 from 11:30 a.m. to noon
  • December 3, 2018 from 11:30 am. to noon

Interested in attending one of these sessions? Learn more about how to sign up on our website. Visit http://www2.geowarehouse.ca/resources/contact-our-trainers/.

Is there another session you’d like to see, or a custom training you would like to arrange? No problem! Theresa Corindia, our Training Program Leader, would be happy to help. Get in touch with her today. Email geowarehouse.training@teranet.ca or call 1-866-237-5937 ext. 2224.

With GeoWarehouse’s tools and our real estate training, you can become a true property expert. Visit www.geowarehouse.ca to learn more about how our technology helps.

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October 12, 2018

OCTOBER 12, 2018

National Composite Index: Flat in September

In September the Teranet–National Bank National Composite House Price IndexTM came in flat from the month before,1 matching the historical average for September since 2010. Only five of the 11 metropolitan markets surveyed showed gains, the weakest diffusion in six months. These were Winnipeg (1.1%), Montreal (0.5%), Victoria (0.5%), Hamilton (0.2%) and Ottawa-Gatineau (0.1%). For Hamilton and Montreal, it was the sixth consecutive monthly rise, for cumulative gains of 5.8% and 4.3% respectively. For Ottawa-Gatineau it was the fifth straight rise for a cumulative gain of 7.8%. Of course, these gains incorporate usual upward price pressure from April to August. For Montreal and Ottawa-Gatineau, the rising trend still persists even with correction of these seasonal effects.

The indexes for Vancouver and Edmonton came in flat on the month. For Edmonton it was a sixth straight month without a decline, for a cumulative gain of 3.4% over the period. Indexes were down on the month for Toronto (−0.1%), Calgary (−0.1%), Halifax (−0.2%) and Quebec City (−0.6%). If the Vancouver index were corrected for seasonal variation, it would have shown retreats in each of the last four months. If the Calgary index were so corrected it would have shown retreats in each of the last three months. This observation is consistent with declines in home sales reported by the real estate boards of these two markets.

Teranet-National Bank National Composite House Price Index™

In September the composite index was up 2.1% from a year earlier, a larger 12-month rise than in August because the composite index began declining in September 2017. Thanks to advances earlier this year, the 12-month rise was well above the countrywide average in Vancouver (6.2%), Victoria (5.5%) and Halifax (4.8%), while very recent advances resulted in relatively large 12-month gains in Ottawa-Gatineau (5.1%) and Montréal (4.8%). Gains over a year earlier were smaller in Winnipeg (2.8%), Hamilton (1.4%) and Quebec City (0.7%). Three indexes were down from a year earlier: Edmonton (−0.5%), Toronto (−0.8%) and Calgary (−1.3%).

Besides the Toronto and Hamilton indexes included in the composite index, indexes exist for the seven other metropolitan areas of the Golden Horseshoe. In July, two of these, Barrie and Oshawa, were, like Toronto and Hamilton, below their peaks of Q3 2017. Indexes not included in the composite index also exist for seven markets outside the Golden Horseshoe, five of them in Ontario and two in B.C. The 12-month rise of these indexes varied widely, from 0.9% in Sudbury to 11.3% in Abbotsford-Mission and Windsor.

For the full report including historical data, please visit: www.housepriceindex.ca

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Your Go-To Guide for Using Property Data for Background Checks, Real Estate Fraud Investigations, and More

When you need to conduct a property investigation, time is of the essence. You want as much information about a property as possible, as quickly as possible. And the data must be accurate.

With a GeoWarehouse Property Details Report, you can get all the information in one place.

A Property Details Report tells you:

  • Who owns the home.
  • The value of the home.
  • Mortgage registered against the home.

From this you can tell if your client appears to be honest, or if you need to dig deeper.

Red flags you’ll want to examine further include:

  • Other people on title who weren’t disclosed to you.
  • Many transfers of the property.
  • The values of these transfers.
  • Odd transferees – non-arm’s-length, companies, etc.
  • The mortgages registered – are there lots of them? Who are the mortgage lenders? Etc.
  • Is there enough equity for you to get paid?

The value of these property reports can go beyond your peace of mind. It’s important that you execute due diligence and catch potential problems. Even if there is a reasonable explanation for a red-flag item, it’s still better that you know about it early on.

Whether you’re conducting a background check, investigating potential real estate fraud, or conducting your due diligence, the property report is a vital part of the process. That’s why we’ve made GeoWarehouse property reports convenient for you.

With a GeoWarehouse Property Details Report, you:

  • Get your report sent to you instantly — no unnecessary wait times.
  • Can trust the data you’re getting. We take our property data from POLARIS, the Province of Ontario Land Registration Information System, so it is kept up-to-date, complete, and accurate.
  • Receive a comprehensive report. All of the above items are included, making it easy for you to know where to dig deeper.

Property investigation in 15 minutes (or less) is completely possible with GeoWarehouse. We help you save time and money by making you the property expert.

Get started today. Give us a call to begin your property investigation right away. Contact 1-866-237-5937 or visit www.geowarehouse.ca.

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October 2, 2018

Happy Thanksgiving weekend from all of us at GeoWarehouse!

This year we are thankful for being able to live and work in this beautiful country and getting to engage with all of our wonderful clients.

We hope you spend the holiday with family and friends. What are you thankful for?

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