Realtors Care Foundation

REALTORS? Help Families In Need

One of the most rewarding things a REALTOR? can do is to help families find the perfect home.? The REALTORS Care Foundation works on the same goal through our support of shelter related charities in Ontario.? Each year, we help families in need of emergency and permanent housing through our work with charities like Home Ownership Affordability Partnership (HOAP), Habitat for Humanity, Shelters (Cambridge Shelter, A Place called Home, Out of the Cold, Unity Project), Community Living and Hospices.?

The work of the REALTORS Care Foundation is made possible through the generous support of REALTORS? and local Real Estate Boards from across Ontario.? Our supporters contribute to the foundation in many ways:

  • Donating money to the Foundation (in lieu of gifts from birthdays, anniversaries and special occasions)
  • Arranging a planned gift of life insurance to the Foundation by naming the
  • Foundation as the benefactor
  • Providing us with fundraising ideas that you are willing to organize
  • Attending REALTORS Care Foundation special events
  • Helping to direct the Foundation as a member of the Board of Governors

In addition to the satisfaction of contributing to a good cause, when you make a donation to the REALTORS Care Foundation, you can receive tax receipts/credits, and the opportunity to reduce inclusion rates on capital gains or you can benefit a donors estate in the case of deferred gifts.

Monies donated to REALTORS Care Foundation each year, keep on giving; 100% of your donation to the Foundation is added to an Endowment Fund, and only the income from this fund is dedicated to our charities.? The capital funds are invested and continue to produce income for generations to come.

To help house families in need, or to learn more about the REALTORS Care Foundation, please contact the Foundation at 416-445-9910 ext. 377.

BOATHOUSES on CROWN LAKE/RIVER BED

By virtue of Section 2 of the Public Lands Act, the Ministry of Natural Resources (MNR) is responsible for the management of Crown land in Ontario, including the beds of most water bodies. Part of that responsibility is ensuring a fair return to the people of Ontario for the use and occupation of Crown land. From the perspective of MNR, Crown land is no less valuable than private land. In the private sector, if someone wants to occupy another persons property, a legal agreement between the two parties and often payment of a fee are normally required.

In May of 2000, MNR temporarily suspended the collection of rents for boathouse sites pending an MNR review of the practice to address concerns that the rental approach was not being implemented in a fair and equitable manner. The review has been completed and in recommending the resumption of rent collection, it recognized the need to reform the program in the following ways:

? Our Free Use of Crown Land policy was revised to better clarify the distinction between free use? boat storage facilities and boathouses containing living accommodation;
? The occupational authority, or tenure, to be issued for most boathouse sites will be standardized in the form of a Lease, which will provide a secure form of tenure for boathouse owners, and a more equitable rental rate structure;
? Rental rates will be established using credible and current market value information;
? The program will be implemented consistently throughout all of Ontario, not just in certain parts of the province.

Which boathouses do not require tenure and payment of rent?
The following uses of Crown land do not require land use occupational authority or the payment of a fee or rent:
.single storey boathouses provided they are used strictly for private use or commercial tourism non-revenue producing purposes and are in compliance with the following:
(a) are mutually considered to be a necessary adjunct to the use and enjoyment of the adjoining upland property:
(b) are located directly in front of the owners/occupiers adjoining upland property (or a shoreline road allowance or Crown shoreline reserve abutting the upland property) and do not interfere with a neighbours use and enjoyment of their waterfront property;
(c) have been approved or exempted by the Canadian Coast Guard under the Navigable Waters Protection Act, if applicable:
(d) are in compliance with applicable permitting requirements:
(e) and specific to docks and boathouses, are used only for the storage and docking of boats and related equipment.?

If a boathouse does not meet the above criteria, for example, it has a second storey, (regardless of its use), contains living accommodation or is located remote from the owners privately owned upland property, then occupational authority and the payment of an annual rent is required.

Effective January 1, 2006, MNR will again be collecting rent for all boathouses that do not meet the Free Use Policy.

Why doesnt our Free Use Policy recognize all boathouse/shoreline structures as a free use?
Our policy recognizes a riparian owners right to safe access to and from a water body by including docks and single storey boathouse structures used for boat docking and storage purposes as a free use. However, the owner of a two storey boathouse, or one containing living accommodation, is realizing significantly more benefit from their use of Crown land than the owner of a more conventional boathouse used strictly for boat docking and storage. Consistent with the strategic directions outlined in Our Sustainable Future, a fair return to the people of Ontario for this use of Crown land is warranted.

What forms of tenure are available?
The standardized form of tenure is a Crown Lease with a 20 year term for the following reasons:
? MNR policy recommends that a Lease should be used in cases where valuable improvements are involved and/or when the expected duration of the occupation is long term
? From a fairness and consistency perspective, all tenants will be treated the same in that rents for all tenants will be calculated using the same percentage (6%) of market value and all tenants will have to incur the cost of obtaining a Crown land plan of survey which is a necessary prerequisite to the issuance of a Lease
? By insisting on a form of tenure (Lease) that requires a survey, the extent, boundaries and area of the Crown land being occupied will be accurately confirmed.
? Leasehold title receives a title guarantee backed by the Land Titles Assurance Fund
? Leasehold title is transferable and can be used as security for a mortgage
? Since a Lease is recorded in Land Registry offices, its existence is obvious to conveyancers/title searchers when the associated upland property changes hands

As it usually takes several months for the preparation of a lease, an interim Land Use Permit will be issued and cancelled once the Lease is ready for registration.

Is the purchase of the site an option?
Sale (Letters Patent) may be offered where ALL of the following criteria are met:
? The site is located within an organized municipality
? The site shares a common boundary with the associated privately owned upland property
? The site is located between the projected sideline boundaries of the associated upland property
? The site is occupied by valuable improvements and the expected duration of the occupation is long term
? MNR does not wish to retain future options for the site

How is the annual rent or sale price determined?
Benchmark? appraisal reports are available for the three areas of the province where the largest number of sites are concentrated:
? Lake of the Woods/Winnipeg River
? District Municipality of Muskoka
? St. Lawrence River

The reports provide per square foot? values of various types and locations of waterfront properties within each study area. These benchmark values will then be applied to each site and multiplied by the square footage occupied (established by survey) to determine the market value. In the case of a sale, the resultant market value will be the sale price. In the case of a lease, the annual rent will be 6% of the market value.

Is a legal survey required?
Yes. The applicant is required to hire, at their expense, an Ontario Land Surveyor to prepare a Crown land survey of the subject water lot in accordance with Instructions Governing Crown Land Surveys and Plans, June 1, 1998. Surveys are a legal requirement when issuing a lease or letters patent.

What is a Quit Claim Letters Patent?
In situations where the occupant can prove that he/she and his/her predecessors in possession have been in adverse possession of the site for 60 years or more, he/she may qualify for Quit Claim Letters Patent (refer to Policy PL 2.02.01 Quit Claim Letters Patent). If a claimant qualifies, he/she may, at his/her discretion, obtain confirmation in the form of Quit Claim Letters Patent which would necessitate obtaining a Crown land plan of survey of the site and payment of the administrative fee of in effect at that time (currently $1,000.00).

If the occupant cannot prove 60 years of adverse possession, then the occupation is considered to be unauthorized, and tenure in the form of a Lease and payment of rent as of January 1, 2006 will be required.

Please contact the local MNR office for instructions on how to submit the required application information.

Nov. 25, 2005

The 7 Habits of A Highly Effective Realtor

A day in the life of a Realtor is a hectic mix of meetings, coffee, showings, emails, property tours, open-houses, offers, more coffee, negotiations, and a million other little tasks that keep the real estate buying and selling process looking seamless for our clients.

Following are the 7 traits of a top-performing agent, and the one that you should be seeking out for your next real estate deal.

A GREAT AGENT IS

Proactive and creative

Selling a home today requires a special combination of pricing, marketing, and in most cases, staging. A great agent will approach your sale with unique ideas to showcase the best aspects of the property and generate buzz.

An excellent communicator

You should never be left wondering where your agent is and what step you are in the process (whether buying or selling). A great agent keeps you in the loop, is proactive on follow-up and ensures that you are never overwhelmed.

Highly knowledgeable

A great agent will know the city, town, district, or neighbourhood like the back of their hand. And if for some reason they dont, they will make it their duty to learn it all for you! You should be able to get the full scope of the lifestyle that comes along with a new home; schools, neighbours, services, transportation. Beyond being a neighbourhood guru, a good agent knows exactly whats going on in the market and how to react appropriately based on whether you are buying or selling.

Friendly and positive

Your agent is someone you will be spending a lot of time with during the sale or purchase of your home. They should make the process as enjoyable as possible for you with a positive attitude and approachable demeanor.

100% trust-worthy

A great agent is someone you can trust whole-heartedly. They give you all the facts, they are honest about negative aspects of your transaction, and they look out for your best interests, not theirs.

A savvy negotiator

The sale/purchase negotiation is perhaps the most important step in the real estate process. You want a tough negotiator on your side who knows exactly what will entice buyers/sellers, and what will turn them off when to push, and when to retreat.

Incredibly organized

With so many moving parts: showings, marketing, preparing documents, running open houses, negotiating, market comparisons, the list goes on and on! A great agent has a step by step plan for executing each step, is clear in sharing their approach with you, and does not let any detail slip through the cracks.

*Key photo: TheHitBoard

Real Estate Q & A: what are some of the most important things to look at when buying a home?

Whether you have already looked at over 50 different homes, or you are just setting out on your house hunting journey, there are a few key things to keep in mind when touring each property. Although your emotional reaction can be an important element (after all, buying a home is one of the most significant investments of your life!), you should try to check that at the door, at least for your first visit. Focusing on the following 5 elements at each home viewing will keep feelings at bay so you can objectively evaluate the property.

1. Neighbourhood

There is a reason realtors are known for touting location, location, location!? Your community is one of the most important factors in feeling ?at home in your house. This includes access to public amenities like parks, restaurants, services, and schools. Dont forget to consider your commute as well as your potential to make friends in the area.

2. The Innerworkings

The internal systems; furnace, air conditioning, hot water tank, etc. are major factors in the efficiency, comfort and overall function of the home. These are elements that could require an additional investment to replace or repair after the sale if they are not up to date or code.

3. Finishes

The quality of materials used throughout the home should be in line with the asking price. Inspecting fine details like door frames, baseboards, and windows will ensure that you catch any areas where a builder could have cut corners.

4. Proof of past work

Ask your agent to inquire about past work done on the home renovations, additions, even new appliances. The previous owners should be able to present you with proof of any of these in the form of receipts, work orders, etc. Having a paper trail will a) ensure that work was done when stated, and b) that you are aware of any warranties for future repairs or replacements.

5. Ceilings

Roof and water damage are some of the costliest home repairs, so make sure to look up, way up at the ceilings in each room of the home in search of bubbles or any possible water damage. A?thorough home inspection?should also uncover any existing water damage in the home.