- Reaction score
- 6
- Points
- 230
We are getting the short end of the stick on this one. Effective 1 Dec 2009.
From my email:
Please note that as of December 1st, 2009, the maximum reimbursable rate for real estate commission within your employer's IRP program will change.
What does this mean?
If you currently have a contract with a REALTOR® signed before December 1st 2009, you will be reimbursed at the rate in table 2 attached, as per the maximum reimbursable rates prior to December 1st, 2009.
For all contracts signed after November 30th, 2009, including new contracts and contract extensions, the real estate commission will be reimbursable up to the maximum rates listed in table 1 attached. Please ensure that you take the new maximum rates into account when signing, renewing or extending any contract.
Yours truly,
Brookfield Global Relocation Services
Table 1 – Rates in effect for contracts signed, amended or extended after
Dec 1st, 2009
Province Rate
Alberta 3.500%
British Columbia 3.500%
Manitoba 3.800%
New Brunswick 4.400%
Newfoundland and Labrador 4.400%
Northwest Territories 4.000%
Nova Scotia 4.400%
Nunavut 4.000%
Ontario 4.100%
Prince Edward Island 4.400%
Quebec 4.400%
Saskatchewan 3.800%
Yukon 4.000%
Table 2 - Rates in effect for contracts signed, amended or extended before
Dec 1st, 2009
Province
RCMP and
Government of
Canada Canadian Forces
Alberta 6%* 6%*
British Columbia 6%* 6%*
Manitoba 6%* 6%*
New Brunswick 5% 5%
Newfoundland and Labrador 5% 5%
Northwest Territories 6%* 6%*
Nova Scotia 5% 5%
Nunavut 6%* 6%*
Ontario 5% 5%
Prince Edward Island 5% 5%
Quebec 5% 6%
Saskatchewan 6%* 6%*
Yukon 6%* 6%*
*On the first $100, 000, 3% on the balance
How can DND let this large of a change happen? My Realtor says that they will not go that low for the fees, it is not worth it to them . Next, they will want us to use Comfree or some other discount do-it-yourself company.
From my email:
Please note that as of December 1st, 2009, the maximum reimbursable rate for real estate commission within your employer's IRP program will change.
What does this mean?
If you currently have a contract with a REALTOR® signed before December 1st 2009, you will be reimbursed at the rate in table 2 attached, as per the maximum reimbursable rates prior to December 1st, 2009.
For all contracts signed after November 30th, 2009, including new contracts and contract extensions, the real estate commission will be reimbursable up to the maximum rates listed in table 1 attached. Please ensure that you take the new maximum rates into account when signing, renewing or extending any contract.
Yours truly,
Brookfield Global Relocation Services
Table 1 – Rates in effect for contracts signed, amended or extended after
Dec 1st, 2009
Province Rate
Alberta 3.500%
British Columbia 3.500%
Manitoba 3.800%
New Brunswick 4.400%
Newfoundland and Labrador 4.400%
Northwest Territories 4.000%
Nova Scotia 4.400%
Nunavut 4.000%
Ontario 4.100%
Prince Edward Island 4.400%
Quebec 4.400%
Saskatchewan 3.800%
Yukon 4.000%
Table 2 - Rates in effect for contracts signed, amended or extended before
Dec 1st, 2009
Province
RCMP and
Government of
Canada Canadian Forces
Alberta 6%* 6%*
British Columbia 6%* 6%*
Manitoba 6%* 6%*
New Brunswick 5% 5%
Newfoundland and Labrador 5% 5%
Northwest Territories 6%* 6%*
Nova Scotia 5% 5%
Nunavut 6%* 6%*
Ontario 5% 5%
Prince Edward Island 5% 5%
Quebec 5% 6%
Saskatchewan 6%* 6%*
Yukon 6%* 6%*
*On the first $100, 000, 3% on the balance
How can DND let this large of a change happen? My Realtor says that they will not go that low for the fees, it is not worth it to them . Next, they will want us to use Comfree or some other discount do-it-yourself company.