Personal Commentary by Darryl Mitchell,
Well, as predicted, it happened! One percent increase in July's inflation rate due to one simple, government lead, taxation change, the HST. Reports today show that the HST implementation in Ontario and in British Columbia have resulted in an inflation break in the Canada as a whole. The inflation rate went from 1.0% in June to 1.8% in July.
But wait a minute. Does that tell the whole story? Is the HST increase not a tax in only two of the provinces? Is the HST implemented on only a few extra services? We already had a Provincial Sales Tax, right? So the small increase in the items and services taxed have little impact on us right? Hmmmmm............ I think not.
The HST itself caused .8% incease in the inflation rate across Canada. So what does that mean the inflation rate increase in Ontario and British Columbia were last month? Two times that rate? Three times? WE may never know since they will never, I mean the politicians, will never give that rate. They are embarrassed to. It is much greater than you think. After all it impacted the inflation rate for the entire country. After all the HST is designed to make a huge decrease in the provincial deficit.
We now have a permanent inflation item in our economy that you and I will pay forever. And we did not even whimper at the new cost item that was wafted at us like a curve ball from Clemens. Oh, you know, Mr. Clemens, arguably the best pitcher to ever pitch in major league baseball. Clemens curve ball is noted to be very deceptive. By the way he did it with hidden steroids, or so they say. So what does Clemens have to do with the HST? They have one thing in common. They had a hidden aspect that we all did not know. In Clemens it was steroids. He lied and used the lie, that he did not take steroids, to gain accolades and a financial fortune. In the case of HST the lie is that it is only a small tax on items that will pay off the provincial debt and only cost us a little pain. Nothing is further from the truth.It is a burden that will last a long time to pay for Government folly such as a picture opportunity called the G20-G8 summit,an international war, international trips to nowhere and other such expensive ventures that eat away at our personal prospects for the future.
Inflationary pressures are very difficult to stop. Permanent inflationary pressure points, such as the HST, are almost impossible to control especially in the government circles where spending is rampant and uncontrollable. When will HST be increased? Well if you listen to the provincial politicians, never. One time pain for long term gain they would say.
But wait, in eastern Canada, there is already an HST. And, if my recent memory serves me right, they just increased their HST because of tehir budget shortfall. So, the Ontario HST could increase? You bet.
The permanence of the HST and the natural escalation of a so called "progressive tax" such as this are the greatest impact we will see. First, the HST is permanent. It is an immediate increase of cost to all of us that will stay in effect forever. When was the last time you saw a tax decrease? Income tax has gone down, right? Well only partly right. Compare the actual dollars paid by the average consumer in Income Tax today with ten years ago. The difference is staggering. The percentage of the tax has deceased but the amount of actual tax paid has escalated due to the natural inflationary effect of our wage increases over that period of time.
So, although the Federal and Provincial governments have told us they have decreased our tax burden, I question the actual decrease. The effective decrease is not real.
Plus we all should remember that Income Tax was a temporary tax put in to pay for a World War. Temporary? Hmmmm.....
What really burns me as a business person is the financial burden the tax places on businesses. The government gurus who sold the tax to large and small business stated it would remove the tax burden of the Provincial Sales Tax in Ontario from businesses. But wait, what about the collection of the tax? Government has now enlisted a permanent group of tax collectors, the business person, to collect 13% from everything you purchase. They hired these permanent tax collectors for free. Wow! Well not for free since the business person will pay the cost burden. They not only pay the tax on everything they purchase personally, but also on the extra costs they incur to be a tax collector. The cost of this collection is much greater than anyone has calculated. More capital is required simply to carry the tax through the business. Another group of tax collection staff is required by the business to keep track of the tax. Capital purchases of equipment is required to keep track of the tax. Extra costs and extra burden to businesses. No question this alone will prevent smart businesses to not establish their offices here in Ontario.
So the 8% increase in HST on some items is permanent. It is a permanent burden to our country. what can we do about it. Be vocal. Let people know how much it really is costing you. Let your local politician know. And, finally, let's get ready to change our governments both provincially and federally. That may be the only way they will listen.
Friday, August 20, 2010
What is the most searched real estate company? Check out Google trends to find out: http://ping.fm/I4Qob
Sam Corea of Calgary discusses the importnace of a business coach
Sam Corea coached by CKG International Real Estate Coaching discusses the importance he found in having a real estate coach to assist him in his business development. Enjoy his candid story of success. Copy write of CKG International, 2010
Thursday, August 19, 2010
Top Team Blueprint
Ken Goodfellow outlines the Blueprint to success for top real estate teams. Enjoy this informative video by one of the best international coaches available today.
Copy write to CKG International Real Estate Coaching, 2010
Copy write to CKG International Real Estate Coaching, 2010
Big Income in Referrals
By Darryl Mitchell, Managing Broker, RE/MAX Professionals Inc. Brokerage
Every seller becomes a buyer! Unless someone drops off the face of the earth, every seller generally has an 80% chance of also buying a property. You are the perfect person to benefit from this. If the purchase is local, it is easy to assume you should get the purchase as well as the sale.
What if the purchase is in another area, region, city or country? Can you refer this dedicated client to someone else? Of course you can. Usually your client will be glad to get a professional, like you from another city to work with them. Better yet, with an international brand like RE/MAX you know that your client will be well serviced, just like you were there yourself. RE/MAX professionals around the world are known as top producing agents with greater experience and more professionalism and ethics.
So do not think only of a sale think of the extra opportunity that the RE/MAX network provides you for your efforts.
Every seller becomes a buyer! Unless someone drops off the face of the earth, every seller generally has an 80% chance of also buying a property. You are the perfect person to benefit from this. If the purchase is local, it is easy to assume you should get the purchase as well as the sale.
What if the purchase is in another area, region, city or country? Can you refer this dedicated client to someone else? Of course you can. Usually your client will be glad to get a professional, like you from another city to work with them. Better yet, with an international brand like RE/MAX you know that your client will be well serviced, just like you were there yourself. RE/MAX professionals around the world are known as top producing agents with greater experience and more professionalism and ethics.
So do not think only of a sale think of the extra opportunity that the RE/MAX network provides you for your efforts.
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Thursday, August 12, 2010
RE/MAX Professionals launches new recruiting web site
Check out our new recruiting web site http://ping.fm/VXdss Awesome!
Tuesday, August 10, 2010
TREB Reports Drop in Sales and Inventory for July
Toronto Real Estate Board, Augsut 5, 2010 Release
Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
“The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring,” said Toronto Real Estate Board (TREB) President Bill Johnston.
Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009. Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.
“Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
“The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring,” said Toronto Real Estate Board (TREB) President Bill Johnston.
Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009. Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.
“Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Stop Managing and Start leading
Are you leading or managing?
LEADERS LEAD PEOPLE.......MANAGERS MANAGE THINGSSSSS.....
There is a misconception in business that a manager is one who manages people. Too bad that most people do not understand that a manager moves, manipulates, increases and decreases things, not people. I can buy property, office supplies, animals, services and manage them by sorting, burning, using and otherwise molding them into a business process.
But people, those most valued of assets, need to be lead. They need to be loved, listened to, petted, cared for and addressed with respect. That is leadership.
They do not need to be manipulated, moved ,increased or decreased. They need to be lead with a vision that provides a purpose. They need their ideas cultivated to prosper..
Notice I put love first. You do not need to like a person to love him. But if you love him, you most certainly will like him.
If you love a group of people you will most certainly listen to them. You will listen to their ideas. You will take their ideas and use these to create the vision that they can follow.
That is leadership. Plain and simple.
LEADERS LEAD PEOPLE.......MANAGERS MANAGE THINGSSSSS.....
There is a misconception in business that a manager is one who manages people. Too bad that most people do not understand that a manager moves, manipulates, increases and decreases things, not people. I can buy property, office supplies, animals, services and manage them by sorting, burning, using and otherwise molding them into a business process.
But people, those most valued of assets, need to be lead. They need to be loved, listened to, petted, cared for and addressed with respect. That is leadership.
They do not need to be manipulated, moved ,increased or decreased. They need to be lead with a vision that provides a purpose. They need their ideas cultivated to prosper..
Notice I put love first. You do not need to like a person to love him. But if you love him, you most certainly will like him.
If you love a group of people you will most certainly listen to them. You will listen to their ideas. You will take their ideas and use these to create the vision that they can follow.
That is leadership. Plain and simple.
Wednesday, August 4, 2010
Urbanation Reports Slower New Condo Sales in Q2 2010 in Toronto
Urbanation tracks the entire Toronto CMA condominium market—new, resale and future development—providing detailed analysis of sales, pricing and potential new projects on a quarterly basis.
Sales activity in the Toronto CMA condominium apartment market eased in Q2-2010 with 4,991 sales, an 8% decline over the first quarter, the first time since 1994 that Q1 sales have been higher than in Q2. Despite the quarterly decline the market over the past 12 months has sold 21,318 units, comparable to the 22,654 sales that occurred in record-breaking 2007. 272 projects were active across the Toronto CMA in Q2-2010.
The resale condominium apartment market set a market first in Q2-2010 with resales exceeding 5,000 units. The 5,076 resales in the Toronto CMA in Q2-2010 was yet another record high for existing condominium apartment sales, an increase of 18% over Q1-2010.
A record number of resale listings leading at the end of the first quarter, at 10,997 listings, were instrumental in stabilizing pricing in the resale market in the second quarter, when the average resale unit sold for $370 psf, a $1 psf increase over Q1-2010. Strong demand absorbed much of the record supply levels as listings declined 21% in Q2-2010 to 8,714 units. The flush supply conditions met the increased demand for resale units in Q2-2010 while allowing buyers greater choice and pricing stability. Annual price inflation for the resale market; however, remains 13% higher than in Q2-2009, when the average resale unit sold for $326 psf.
Urbanation publishes their “Condominium Market Survey” quarterly, see details below:
A subscription to Urbanation ($8,300 annually) includes 1 quarterly hard copy report (4 annually); the 400 page document includes: 15+ pages of analysis, 20+ pages of resale info, 25+ pages on future condominium projects (from application to launch), and 250+ profile pages on new condominium projects. All the data in the hard copy is available online and can be accessed via convenient searches. Urbanation also sends out “UrbanAction reports” which are emailed between the quarters and highlight newly launched projects. Urbanation also does 1 yearly market presentation at your office, summarizing the conditions of the condominium apartment market.
Contact myself, or Ben Myers, Urbanation Executive Vice-President and Editor, today for more info on Urbanation’s products and services.
Sales activity in the Toronto CMA condominium apartment market eased in Q2-2010 with 4,991 sales, an 8% decline over the first quarter, the first time since 1994 that Q1 sales have been higher than in Q2. Despite the quarterly decline the market over the past 12 months has sold 21,318 units, comparable to the 22,654 sales that occurred in record-breaking 2007. 272 projects were active across the Toronto CMA in Q2-2010.
The resale condominium apartment market set a market first in Q2-2010 with resales exceeding 5,000 units. The 5,076 resales in the Toronto CMA in Q2-2010 was yet another record high for existing condominium apartment sales, an increase of 18% over Q1-2010.
A record number of resale listings leading at the end of the first quarter, at 10,997 listings, were instrumental in stabilizing pricing in the resale market in the second quarter, when the average resale unit sold for $370 psf, a $1 psf increase over Q1-2010. Strong demand absorbed much of the record supply levels as listings declined 21% in Q2-2010 to 8,714 units. The flush supply conditions met the increased demand for resale units in Q2-2010 while allowing buyers greater choice and pricing stability. Annual price inflation for the resale market; however, remains 13% higher than in Q2-2009, when the average resale unit sold for $326 psf.
Urbanation publishes their “Condominium Market Survey” quarterly, see details below:
A subscription to Urbanation ($8,300 annually) includes 1 quarterly hard copy report (4 annually); the 400 page document includes: 15+ pages of analysis, 20+ pages of resale info, 25+ pages on future condominium projects (from application to launch), and 250+ profile pages on new condominium projects. All the data in the hard copy is available online and can be accessed via convenient searches. Urbanation also sends out “UrbanAction reports” which are emailed between the quarters and highlight newly launched projects. Urbanation also does 1 yearly market presentation at your office, summarizing the conditions of the condominium apartment market.
Contact myself, or Ben Myers, Urbanation Executive Vice-President and Editor, today for more info on Urbanation’s products and services.
Urbanation provides summary of the 2nd Quarter Condo Market for Toronto
Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
Cell 289-937-0367
Office 416-236-1241
dmitchell@remaxprofessionals.ca
Begin forwarded message:
> From: Pauline Lierman
> Date: 4 August, 2010 12:20:40 PM EDT
> To: undisclosed-recipients: ;
> Subject: Urbanation Press Release Q2-2010
>
> Please find attached (in PDF format) Urbanation’s latest Press Release on the Q2-2010 condominium apartment market in the Toronto CMA.
>
> Urbanation tracks the entire Toronto CMA condominium market—new, resale and future development—providing detailed analysis of sales, pricing and potential new projects on a quarterly basis.
>
> Sales activity in the Toronto CMA condominium apartment market eased in Q2-2010 with 4,991 sales, an 8% decline over the first quarter, the first time since 1994 that Q1 sales have been higher than in Q2. Despite the quarterly decline the market over the past 12 months has sold 21,318 units, comparable to the 22,654 sales that occurred in record-breaking 2007. 272 projects were active across the Toronto CMA in Q2-2010.
>
>
>
> The resale condominium apartment market set a market first in Q2-2010 with resales exceeding 5,000 units. The 5,076 resales in the Toronto CMA in Q2-2010 was yet another record high for existing condominium apartment sales, an increase of 18% over Q1-2010.
>
>
>
> A record number of resale listings leading at the end of the first quarter, at 10,997 listings, were instrumental in stabilizing pricing in the resale market in the second quarter, when the average resale unit sold for $370 psf, a $1 psf increase over Q1-2010. Strong demand absorbed much of the record supply levels as listings declined 21% in Q2-2010 to 8,714 units. The flush supply conditions met the increased demand for resale units in Q2-2010 while allowing buyers greater choice and pricing stability. Annual price inflation for the resale market; however, remains 13% higher than in Q2-2009, when the average resale unit sold for $326 psf.
>
> Urbanation publishes their “Condominium Market Survey†quarterly, see details below:
>
> A subscription to Urbanation ($8,300 annually) includes 1 quarterly hard copy report (4 annually); the 400 page document includes: 15+ pages of analysis, 20+ pages of resale info, 25+ pages on future condominium projects (from application to launch), and 250+ profile pages on new condominium projects. All the data in the hard copy is available online and can be accessed via convenient searches. Urbanation also sends out “UrbanAction reports†which are emailed between the quarters and highlight newly launched projects. Urbanation also does 1 yearly market presentation at your office, summarizing the conditions of the condominium apartment market.
>
> Contact myself, or Ben Myers, Urbanation Executive Vice-President and Editor, today for more info on Urbanation’s products and services.
>
> Don’t forget to follow us on Twitter for all the FREE market info you can handle!
>
>
>
>
>
> Pauline Lierman
>
> Research Analyst
>
>
>
> URBANATION Inc.
>
> 10 Price St, Suite 200, Toronto, ON M4W 1Z4 T: 416.922.2200 ext.211 F: 416.366.9028 W: www.urbanation.ca / www.twitter.com/urbanation
>
>
>
> PROVIDING MARKET RESEARCH, ANALYSIS AND CONSULTING SERVICES TO THE CONDOMINIUM INDUSTRY SINCE 1981.
>
>
>
>
Darryl Mitchell
Managing Broker
RE/MAX Professionals Inc. Brokerage
Cell 289-937-0367
Office 416-236-1241
dmitchell@remaxprofessionals.ca
Begin forwarded message:
> From: Pauline Lierman
> Date: 4 August, 2010 12:20:40 PM EDT
> To: undisclosed-recipients: ;
> Subject: Urbanation Press Release Q2-2010
>
> Please find attached (in PDF format) Urbanation’s latest Press Release on the Q2-2010 condominium apartment market in the Toronto CMA.
>
> Urbanation tracks the entire Toronto CMA condominium market—new, resale and future development—providing detailed analysis of sales, pricing and potential new projects on a quarterly basis.
>
> Sales activity in the Toronto CMA condominium apartment market eased in Q2-2010 with 4,991 sales, an 8% decline over the first quarter, the first time since 1994 that Q1 sales have been higher than in Q2. Despite the quarterly decline the market over the past 12 months has sold 21,318 units, comparable to the 22,654 sales that occurred in record-breaking 2007. 272 projects were active across the Toronto CMA in Q2-2010.
>
>
>
> The resale condominium apartment market set a market first in Q2-2010 with resales exceeding 5,000 units. The 5,076 resales in the Toronto CMA in Q2-2010 was yet another record high for existing condominium apartment sales, an increase of 18% over Q1-2010.
>
>
>
> A record number of resale listings leading at the end of the first quarter, at 10,997 listings, were instrumental in stabilizing pricing in the resale market in the second quarter, when the average resale unit sold for $370 psf, a $1 psf increase over Q1-2010. Strong demand absorbed much of the record supply levels as listings declined 21% in Q2-2010 to 8,714 units. The flush supply conditions met the increased demand for resale units in Q2-2010 while allowing buyers greater choice and pricing stability. Annual price inflation for the resale market; however, remains 13% higher than in Q2-2009, when the average resale unit sold for $326 psf.
>
> Urbanation publishes their “Condominium Market Survey†quarterly, see details below:
>
> A subscription to Urbanation ($8,300 annually) includes 1 quarterly hard copy report (4 annually); the 400 page document includes: 15+ pages of analysis, 20+ pages of resale info, 25+ pages on future condominium projects (from application to launch), and 250+ profile pages on new condominium projects. All the data in the hard copy is available online and can be accessed via convenient searches. Urbanation also sends out “UrbanAction reports†which are emailed between the quarters and highlight newly launched projects. Urbanation also does 1 yearly market presentation at your office, summarizing the conditions of the condominium apartment market.
>
> Contact myself, or Ben Myers, Urbanation Executive Vice-President and Editor, today for more info on Urbanation’s products and services.
>
> Don’t forget to follow us on Twitter for all the FREE market info you can handle!
>
>
>
>
>
> Pauline Lierman
>
> Research Analyst
>
>
>
> URBANATION Inc.
>
> 10 Price St, Suite 200, Toronto, ON M4W 1Z4 T: 416.922.2200 ext.211 F: 416.366.9028 W: www.urbanation.ca / www.twitter.com/urbanation
>
>
>
> PROVIDING MARKET RESEARCH, ANALYSIS AND CONSULTING SERVICES TO THE CONDOMINIUM INDUSTRY SINCE 1981.
>
>
>
>
Top Team Failures from Ken Goodfellow
Team Failures happen more than successes. Ken Good Fellow Addresses this fact and how to build a team fopr success.
copywrite Ken Goodfellow CKGInternational
copywrite Ken Goodfellow CKGInternational
Top Team Success Secrets from Ken Goodfellow
Here is the link to Ken Goodfellow's most recent video on Top Teaem Success. Enjoy!Top Team Blueprint Series
In anticipation of our New Top Team program launch on August 11th 2010, we have put together a complimentary video series called The Top Team Blueprint. Click the Agent button below to get immediate access.
Agent Top Broker Blueprint Series
Ken Goodfellow, CKG International
In anticipation of our New Top Team program launch on August 11th 2010, we have put together a complimentary video series called The Top Team Blueprint. Click the Agent button below to get immediate access.
Agent Top Broker Blueprint Series
Ken Goodfellow, CKG International
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