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!
Toronto in a Housing Bubble?
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- Karma Realty
According to the Swiss Bank, Toronto has the 3rd largest housing bubble in the world, beating out Vancouver, New York, Hong Kong and San Francisco. Placing 3rd in the Bank's score of world cities, only Munich and Frankfurt scored higher. This is the third year for Toronto to be in a housing bubble. The current high prices combined with the strong Canadian dollar could cause problems once the pandemic restrictions are lifted.
If a bubble bursting isn't in your plans and you are considering your options, contact us to see how we can help!
Uneven Housing Market Recovery - CMHC
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- Karma Realty
Housing market recovery from COVID-19 crisis will be uneven across the country according to Canada Mortgage and Housing Corporation's latest Housing Market Outlook. This report focuses exclusively on urban areas, says "The housing outlook is subject to unprecedented uncertainty due to the pandemic."
The CMHC said a combination of factors related to the pandemic will slow housing starts and push sales and home prices below pre-COVID levels. The housing market likely won't see a return to pre-pandemic levels before the end of 2022.
If a two-year market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!
CMHC - Housing market to feel COVID-19 symptoms until 2022
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- Karma Realty
"The housing outlook is subject to unprecedented uncertainty due to the pandemic." according to the CMHC in it's newly released special report. The Canada Mortgage and Housing Corporation says that large declines in all aspects of Housing sales, including new Construction will continue throughout this year and on until 2022. Although the current selling price is still consistent with past sales, this is unlikely to continue. Prices are likely to decline up to 18 percent in parts of the country.
If a two-year market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!
House prices to fall between 9% to 18% over the next 12 months
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- Karma Realty
The CMHC sees house prices in Canada falling between 9 per cent and 18 per cent over the next 12 months. Evan Siddall, CEO of the Canada Mortgage and Housing Corp relayed this fact to the members of the House of Commons finance committee today. The CMHC predicts that the ratio of household debt to disposable income will rise to well over 200%.
“The resulting combination of higher mortgage debt, declining house prices and increased unemployment is cause for concern for Canada’s long term financial stability.”
If a crashing market isn't helping your income and you are considering your options, contact us to see how we can help!