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!

 

     

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"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.

Read more here and here

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!

 

 

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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.”

Read More Here

If a crashing market isn't helping your income and you are considering your options, contact us to see how we can help!

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Sales have all but disappeared, but surprisingly prices remain steady. The Canadian Real Estate Association said today that home sales have fallen 56 percent from the May's levels. This makes April the worst month for home sales since 1984.

Home sales recorded over Canadian MLS® Systems dropped by a record 56.8% in April 2020 compared to an already weakened March, with a majority of sellers and buyers having seemingly moved off to the sidelines during the COVID-19 lockdown. - CREA

If the market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!

Read More Here

 

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According to a article at the CBC, As odd as it might be, banks and creditors are currently being patient with consumers loaded down by debit. The coronavirus pandemic has forced this uncharacteristic behavior on them as the world tries to survive. However, lawyers and insolvency trustees are expecting this unusual situation to end this fall, when many people will no longer be able maintain their debt.

"Insolvencies were on the rise before COVID-19 struck, and debt-to-income ratios of Canadians were near their peak," said Andre Bolduc, a board member of the Canadian Association of Insolvency and Restructuring Professionals.

This crushing debit will surely effect the Real Estate market when people can no longer afford their mortgages or be able to make a down payment.

Read More Here

If a crashing market isn't helping your income and you are considering your options, contact us to see how we can help!