You've worked hard and paid a lot to get your Ontario Real Estate license, and there is no reason to give that up.
We help agents across Ontario to keep their options open.
Karma Realty Inc. offers Real Estate License Parking services to Ontario Real Estate Sales Representatives and Brokers.
If you are leaving the business temporarily or permanently due to:
- Retirement
- Maternity Leave
- Illness
- Caring for an aging parent
- Travel
- You are a recent course graduate and not ready to start
- Any other purpose
It shouldn't cost you all your hard-earned savings.
By parking your license with us, you can:
- Keep your license so that you keep your options open
- Refer past clients, friends and relatives and collect the referral fee
- Move to Active selling again easily
- Be kept informed of industry changes
- Be notified of due dates for education and insurance
- Get a referral fee for any Sales Representative or Broker that you send to us
Karma Realty Inc. is not a member of the Canadian Real Estate Association (CREA), The Ontario Real Estate Association (OREA) or any other board. Registrants who park their license with us are still licensed Real Estate Representatives under the Real Estate Council of Ontario (RECO).
If you want to be able to do referrals and have the ability to re-instate your license, and pay a minimum for these benefits, then you have come to the right place.
It's not a difficult process, and we can walk you through every step.
Sign up to park my Ontario Real Estate license now!
CREA forecasts Home Sales to fall to 9 year low in 2019
- Details
- Karma Realty
Blaming both rising interest rates and tougher mortgage rules, CREA predicts that next years sales will fall to a nine-year low. However, CREA also believes that the average home sale price will rise a bit less than 2 percent.
While we expect sales activity to stabilize next year… we nevertheless anticipate that prices will slow even further to gains likely below that of inflation.- Canadian Real Estate Association
For more information, see the CREA News Release
If a slowing market is making you consider your options, contact us to see how we can help!
CREA says Home Sales fell over the last 3 months
- Details
- Karma Realty
Home sales fell again for the third month according to CREA with Toronto and Vancover leading the way.
Sales are down across the province, with the GTA and Hamilton-Burlington showing the biggest drops. CREA predicts that home sales will fall double digits to their lowest in five years.
“ The decline in homeownership affordability caused by this year’s new mortgage stress-test remains very much in evidence. Despite supportive economic and demographic fundamentals, national home sales have begun trending lower. ”
~ Gregory Klump, CREA Chief Economist
For more information, see CREA Stats
If a slowing market is making you consider your options, contact us to see how we can help!
GTA housings sales down 22.2 % in May
- Details
- Karma Realty
The Toronto Real Estate Board says that housing sales in the Greater Toronto Area were down 22.2 percent compared to May of last year. The decline is less than the February through April decline of 30 percent but continued the downward trend. The average selling price was down nearly 7 percent to $805,320. TREB beleaves that tighter market conditions may lead to increased buy competition leading to stronger price growth going forward into the year.
Nearly 10% drop in Canadian average home price last month
- Details
- Karma Realty
The Canadian Real Estate board said that the Canadian average home price has dropped 10% over last year. Sales of homes also plunged by nearly a quarter from the same month last year.
The real estate group blamed recent mortgage rule changes for wreaking havoc on the market, creating feverish demand for starter homes, but making it much harder to move up.
CREA's chief economist Gregory Klump said in a news release, "Recent changes to mortgage regulations are fuelling demand for lower-priced homes while shrinking the pool of qualified buyers for higher-priced homes,"
"Given their limited supply, the shift of demand into lower price segments is causing those sale prices to climb. As a result, 'affordably priced' homes are becoming less affordable while mortgage financing for higher priced homes remains out of reach of many aspiring move-up homebuyers."
If a slowing market is making you consider your options, contact us to see how we can help!