Topics:

NBREA Webinar Series

NBREA Update Memos

Financial Aid Links

Fraud Awareness

Toole Peet- General Liability Insurance Update

NBREA Affinity programs and COVID-19

CREA Updates

FCNB Updates

Frequently Asked Questions

Helpful Links

Canadian Mortgage Brokers Association

Service Canada Information Sheet

Live Tours Tip Sheet

NB Human Rights Commission-

COVID-19

 

NBREA is working to create a “Frequently Asked Questions” focused on Real Estate Practices during COVID-19. We invite our members to send your questions to communications@nbrea.ca and we will do our best to answer them in a future publication FAQ section. All questions sent will remain anonymous to the public.

 

For all communications from NBREA regarding COVID-19 please visit our website at www.nbrea.ca

 

We are monitoring the news closely as well as awaiting further direction from the Canadian Real Estate Association as to the possibility of a Federal State of Emergency declaration.

 

Please keep in mind that information is changing hourly and we are doing our best to keep our website updated.

 

 

GC- What you should know about COVID-19

 

Canadian Mental Health Association- New Brunswick

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Section 1

NBREA Webinar Series

Episode 1- Managing COVID-19

Episode 2- Risk Management

Episode 3- Home Inspections

Episode 4- Essential Real Estate Transactions during a State of Emergency 

Episode 5- Pre-closing

Episode 6- Reminders and Items for Next Week (April 3, 2020)

Episode 7- FAQ and other updates

Episode 8- Essential Transactions Guide

Back to Top

 

 

Section 2

Below is a list of financial institutions that are providing financial aid for those who are experiencing a loss during this time.

 

Business Development Bank of Canada

 

Scotia Bank


Royal Bank Canada

 

CIBC

 

UNI / Caisse Populaire Desjardins

 

Bank of Montreal

 

Credit Union

 

National Bank

 

TD Canada Trust

 

HSBC

 

The Bank of Canada

 

Business Loans: Atlantic Canada

Opportunities Agency

 

Back to Top

 

Section 3

Toole Peet- General Liability Insurance:

RealProSure and COVID-19

 

Back to Top

 

Section 4

An update and links from CREA:

“What REALTORS® Should Know about COVID-19”: CREA Resource Page

“CREA fully supports the recommendations made by many boards and associations as well as regulators across Canada that members avoid face-to-face real estate practices, including conducting or taking part in open houses.” 

 

  • 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Eligibility criteria for the wage subsidy has yet to be established, with government aiming to provide additional details on Monday. We will update members as information becomes available.
  • Bank of Canada lowered its target for the overnight rate to 0.25 per cent.
  • Deferral of GST and HST remittances and customs duty payments for businesses, including self-employed individuals, to June 30, 2020.
  • Launch of the new Canada Emergency Business Account, which will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs. The program will be implemented by eligible financial institutions in cooperation with Export Development Canada (EDC). Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
  • EDC will guarantee new operating credit and cash flow term loans that financial institutions extend to SMEs, up to $6.25 million.
  • Co-Lending Program for SMEs where the Business Development Bank of Canada works with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements.

 

Additional details about these measures can be found on the websites for the Prime Minister of Canada, the Department of Finance Canada, and the Bank of Canada.

 

The new measures announced today are expected to complement the CERB, a taxable benefit that will provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic and covers Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures.

 

The government has said CERB will apply to contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance. CREB will also be available to workers who are still employed but are not receiving income because of disruptions to their work situation due to COVID-19. The new benefit will be available through an online portal that is set to launch on April 6, with funds expected to flow within ten days of applying.

 

 

Times of uncertainty can be challenging for some. The most important thing you can do right now is take care of yourselves. If, for whatever reason, you are feeling overwhelmed, there are several resources we’d like to share with you:

 

Back to Top

 

 

Section 5

Frequently Asked Questions

For those of us that paid for the original AGM for the 30 March to -1st april, is there a plan to reimburse the cost already paid ?

We are still planning an event in the near future to cover all education credits as well as a member forum. This will include the Dave Hawkins Award Banquet and fundraiser (The current plan is for mid-August).  The plan is to send information about this event in April. We have held all registration payments from the previously planned AGM and Education Days as registration for this future event.

 

That being said, we are doing immediate refunds on a case by case basis as we know this is a difficult time for some. If you would like a refund now, you can still register for the future event again. Or you can choose to just stay registered. Please let me know what you decide. A refund is quick and easy!

 

Back to Top

 

Section 6

NBREA Update Memos

NBREA Update- May 20: Operational Plan Guidelines

 

NBREA Update- April 22: Acknowledgement Form for Showings

 

NBREA Update- April 17: Essential vs. Non-Essential Information Booklet

 

NBREA Update- April 14: 10 financial ideas for your consideration

 

NBREA Update- April 3: Week 3 Update

 

NBREA Update- April 1: $900 Provincial Government Benefit

 

NBREA Update- March 29, 2020: Real Estate Transactions in NB during a State of Emergency

 

NBREA Member Resources- March 28, 2020

 

NBREA Update- March 27, 2020: RealProSure General Liability Insurance and COVID-19

 

NBREA Update- March 25, 2020: Essential Real Estate in a State of Emergency

 

NBREA Update- March 24, 2020: Real Estate Transactions in NB during a State of Emergency & Home inspections

 

NBREA Update- March 19, 2020

 

NBREA Update – March 17, 2020

 

Back to Top

 

 

Section 7

Fraud Awareness:

 

How to spot phishing scams arising from COVID-19

 

World Health Organization- Beware of Criminals Pretending to be WHO

 

Caller Smart Resources: Fraud Awareness

Back to Top

 

Section 8

NBREA Affinity Program & COVID-19

https://www.tdinsurance.com/covid-19/

https://www.tdinsurance.com/covid-19/financial-relief

An update from NBREA Affinity Partner: Goodlife Fitness

 

Back to Top

 

Section 9

Update from Financial and Consumer Services New Brunswick:

Licensing and registration functions by FCNB will continue; however, there may be some delays.  New Brunswick’s emergency measures order has extended all licences, registrations, certificates and permits issued by the province. This means all real estate licences valid as of 16 March 2020 will remain valid until 31 May 2020 unless suspended by a court or by another authority under an Act of the Province.

http://fcnb.ca/FinancialConsumer.html

 

Back to Top

 

Section 10

Helpful Links:

 

CREA- What REALTORS® Should know about COVID-19

 

GNB- What you need to know about COVID-19

 

GC- What you should know about COVID-19

 

Canadian Mental Health Association- New Brunswick

Back to Top

 

 

 

Section 1

NBREA Webinar Series

Episode 1- Managing COVID-19

Episode 2- Risk Management

Episode 3- Home Inspections

Episode 4- Essential Real Estate Transactions during a State of Emergency 

Episode 5- Pre-closing

Episode 6- Reminders and Items for Next Week (April 3, 2020)

Episode 7- FAQ and other updates

Episode 8- Essential Transactions Guide

Back to Top

 

 

Section 2

Below is a list of financial institutions that are providing financial aid for those who are experiencing a loss during this time.

 

Business Development Bank of Canada

 

Scotia Bank


Royal Bank Canada

 

CIBC

 

UNI / Caisse Populaire Desjardins

 

Bank of Montreal

 

Credit Union

 

National Bank

 

TD Canada Trust

 

HSBC

 

The Bank of Canada

 

Business Loans: Atlantic Canada

Opportunities Agency

 

Back to Top

 

Section 3

Toole Peet- General Liability Insurance:

RealProSure and COVID-19

 

Back to Top

 

Section 4

An update and links from CREA:

“What REALTORS® Should Know about COVID-19”: CREA Resource Page

“CREA fully supports the recommendations made by many boards and associations as well as regulators across Canada that members avoid face-to-face real estate practices, including conducting or taking part in open houses.” 

 

  • 75 per cent wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. Eligibility criteria for the wage subsidy has yet to be established, with government aiming to provide additional details on Monday. We will update members as information becomes available.
  • Bank of Canada lowered its target for the overnight rate to 0.25 per cent.
  • Deferral of GST and HST remittances and customs duty payments for businesses, including self-employed individuals, to June 30, 2020.
  • Launch of the new Canada Emergency Business Account, which will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs. The program will be implemented by eligible financial institutions in cooperation with Export Development Canada (EDC). Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
  • EDC will guarantee new operating credit and cash flow term loans that financial institutions extend to SMEs, up to $6.25 million.
  • Co-Lending Program for SMEs where the Business Development Bank of Canada works with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements.

 

Additional details about these measures can be found on the websites for the Prime Minister of Canada, the Department of Finance Canada, and the Bank of Canada.

 

The new measures announced today are expected to complement the CERB, a taxable benefit that will provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic and covers Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures.

 

The government has said CERB will apply to contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance. CREB will also be available to workers who are still employed but are not receiving income because of disruptions to their work situation due to COVID-19. The new benefit will be available through an online portal that is set to launch on April 6, with funds expected to flow within ten days of applying.

 

 

Times of uncertainty can be challenging for some. The most important thing you can do right now is take care of yourselves. If, for whatever reason, you are feeling overwhelmed, there are several resources we’d like to share with you:

 

Back to Top

 

 

Section 5

Frequently Asked Questions

For those of us that paid for the original AGM for the 30 March to -1st april, is there a plan to reimburse the cost already paid ?

We are still planning an event in the near future to cover all education credits as well as a member forum. This will include the Dave Hawkins Award Banquet and fundraiser (The current plan is for mid-August).  The plan is to send information about this event in April. We have held all registration payments from the previously planned AGM and Education Days as registration for this future event.

 

That being said, we are doing immediate refunds on a case by case basis as we know this is a difficult time for some. If you would like a refund now, you can still register for the future event again. Or you can choose to just stay registered. Please let me know what you decide. A refund is quick and easy!

 

Back to Top

 

Section 6

NBREA Update Memos

NBREA Update- May 20: Operational Plan Guidelines

 

NBREA Update- April 22: Acknowledgement Form for Showings

 

NBREA Update- April 17: Essential vs. Non-Essential Information Booklet

 

NBREA Update- April 14: 10 financial ideas for your consideration

 

NBREA Update- April 3: Week 3 Update

 

NBREA Update- April 1: $900 Provincial Government Benefit

 

NBREA Update- March 29, 2020: Real Estate Transactions in NB during a State of Emergency

 

NBREA Member Resources- March 28, 2020

 

NBREA Update- March 27, 2020: RealProSure General Liability Insurance and COVID-19

 

NBREA Update- March 25, 2020: Essential Real Estate in a State of Emergency

 

NBREA Update- March 24, 2020: Real Estate Transactions in NB during a State of Emergency & Home inspections

 

NBREA Update- March 19, 2020

 

NBREA Update – March 17, 2020

 

Back to Top

 

 

Section 7

Fraud Awareness:

 

How to spot phishing scams arising from COVID-19

 

World Health Organization- Beware of Criminals Pretending to be WHO

 

Caller Smart Resources: Fraud Awareness

Back to Top

 

Section 8

NBREA Affinity Program & COVID-19

https://www.tdinsurance.com/covid-19/

https://www.tdinsurance.com/covid-19/financial-relief

An update from NBREA Affinity Partner: Goodlife Fitness

 

Back to Top

 

Section 9

Update from Financial and Consumer Services New Brunswick:

Licensing and registration functions by FCNB will continue; however, there may be some delays.  New Brunswick’s emergency measures order has extended all licences, registrations, certificates and permits issued by the province. This means all real estate licences valid as of 16 March 2020 will remain valid until 31 May 2020 unless suspended by a court or by another authority under an Act of the Province.

http://fcnb.ca/FinancialConsumer.html

 

Back to Top

 

Section 10

Helpful Links:

 

CREA- What REALTORS® Should know about COVID-19

 

GNB- What you need to know about COVID-19

 

GC- What you should know about COVID-19

 

Canadian Mental Health Association- New Brunswick

Back to Top