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Penetanguishene seeks real estate agent to manage municipal sales – OrilliaMatters



The Town of Penetanguishene is a lower-tier municipality within the County of Simcoe and located on the southeast shores of Georgian Bay, often referred to as North Simcoe or Huronia, approximately 165 kilometres north of the City of Toronto. The Town is noted for its small-town character, welcoming multilingual citizens, mix of housing and employment opportunities, natural landscapes and exceptional waterfront.

Penetanguishene recognizes its rich cultural history, dating back over 400 years, comprised of English, French, Métis and Indigenous communities. The Town is comprised of both urban and rural areas with an approximate population of 9,000 as per the 2016 census. The Town offers a robust economy with focuses on manufacturing, health care, tourism and service industries as well as being home to the Waypoint Centre for Mental Health and the Central North Correctional Centre.

The Town also sees a seasonal population of visitors and residents in the area and provides services to a broader population from the adjacent Town of Midland and Townships of Tiny and Tay.

The Town of Penetanguishene is seeking expressions of interest from licensed real estate agents to assist in the sale of surplus municipal property. Several properties have been identified for immediate sale which are generally single lots for residential development.

The successful candidate will be responsible for managing the entire sales process including all municipal sales requirements. This individual would manage property appraisals, list and show properties and negotiate on behalf of the municipality. Other duties may also include managing property surveys, servicing matters as well as identifying and assisting in mitigating encroachment matters.

The ideal candidate will have the following requirements: 

  • Experience with the Land Registry Office and Land Titles Office procedures, legal surveys and plans;  
  • Utilize industry experience and knowledge when assessing the value of municipal lands 
  • Promote and advertise properties via the appropriate channels including and other online resources, newspaper, flyers and utilizing the proponents own network of professionals to maximize exposure.  
  • Represent the Municipality in real estate negotiations, the sale process and prepare associated documentation. 
  • Demonstrated ability to read and understand legal documents;  
  • Thorough knowledge or real estate principles and real estate law;  
  • Excellent communication and interpersonal skills;  
  • Knowledge of the geography of the Town of Penetanguishene; and 
  • Excellent presentation skills.

Due to the complexity and variety of real dealings with the Municipality, the successful proponent shall be aware that they will not be involved in all real estate related matters and that there will be no guarantee in the amount of listings that will be offered over the term of the three (3) year agreement.

The contract shall commence upon award and remain in place for a period of three (3) years from the date of award announcement to the successful proponent.

The Municipality may terminate the contract at any time with sixty (60) days written notice. Any active listings that exist when a written notice is provided may remain listed with the proponent until the sixty (60) days has elapsed.

The proposal will be graded on the following criteria and weight:

Degree to which the proponent responded to the EOI Overview of Firm/Agent capabilities Any perceived advantages in comparison to competitors: 30 per cent

Qualifications/Experience of the proponent with municipal experience: 20 per cent

Commission structure:
Formula for evaluating commission
Lowest proponents commission divided by proponents commission multiplied by the evaluation weighting. Eg. 2.5 per cent(lowest) divided by 3 per cent(current) x 40 per cent = 33.3 per cent: 40 per cent 

Innovative approaches and value added: 15 per cent

Total: 100 per cent

Individuals having these qualifications are requested to submit a cover letter describing their interest, competency and resume. Please ensure that submissions are no larger than fifteen (15) pages in length. Expressions of Interest must be received by noon on Aug. 21, 2020 and can be submitted to:

Andrea Betty, MCIP, RPP – Director of Planning and Community Development
Town of/Ville de Penetanguishene
10 rue Robert Street West/ouest
P.O. Box 5009
Penetanguishene, Ontario L9M 2G2
Telephone: 705-549-7453 ext. 215
Fax: 705-549-3743


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LACKIE: Real estate market going through 'recalibration' of supply, demand – Toronto Sun



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Buyer confidence is always the wild card. We have seen this time and time again, but most recently in the early days of the pandemic: the market ground to a halt and the buyers brave enough to venture out were looking for deals.

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That momentary seize up was a blip, it turned out. Once people realized that the pandemic discounts weren’t holding, the market fired back up again.

If you look at the actual TRREB data, as Ackerley did, you will see that in spite of new listings more than doubling since Sept. 1, the number of sales once averaged out to account for the wild summer has stayed relatively consistent.

So, the main thing to watch now is what happens with the inventory balance on the condo market. We need to see how long it takes for this surge of new listings to slow and eventually absorb.

“It’s true the landscape is different, but rest assured, this market is very strong for many reasons, increased population, diverse economy, stable political system, etc. The market is going to rebound. This sort of thing has happened so many times in the past where something causes the market to stall, the media scares everyone, then there’s a period of adjustment, and by the time the masses figure it out, prices are [on the rise] again.”

Only time will tell, clearly, but I think we’d all do well to take a beat before declaring impending calamity on the real estate front.

In the meantime, you may have questions and if our chat is any indication, Rob Ackerley surely has answers. Shoot him a note at – I know I will be.

Brynn Lackie is a sales representative at Chestnut Park Real Estate Ltd.

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Boeing Prepares Deeper Cuts From Executive Ranks to Real Estate – BNN



(Bloomberg) — Boeing Co. is thinning its corps of vice presidents and winnowing real estate holdings, including a splashy outpost near the Massachusetts Institute of Technology, as the planemaker works furiously to counter plunging aircraft sales and mounting costs for the grounded 737 Max.

About 170 midlevel executives, 70 of them based at Boeing’s commercial airplane division, are taking a buyout offer that includes a year’s salary, according to people familiar with the matter. The first of the vice presidents and senior managers to accept the terms will leave the company Oct. 2, followed by a second wave later in the year.

The cuts go deeper and wider than the 19,000 jobs pared earlier this year when the coronavirus pandemic sent air travel into an unprecedented collapse. Stemming the cash outflow has become a paramount concern for Boeing, and the company is also wringing savings from investments in futuristic technology as well as its businesses and organizational structure.

Boeing is shedding assets “like King Midas in reverse,” said Richard Aboulafia, an aerospace analyst with Teal Group.

The biggest and most controversial of the cost-saving measures mulled by Boeing would be to build the 787 Dreamliner at a single site, most likely its South Carolina factory, and close a second final-assembly line in Everett, Washington.

The decision on production amid a steep plunge in wide-body jet deliveries is expected to be announced as soon next month, according to two of the people, who asked not to be named because they weren’t authorized to speak publicly.

Au Revoir Chateau

Boeing also is jettisoning holdovers from the days when it was flush with cash. One example: a lavish executive retreat, modeled after a French chateau, in the countryside near St. Louis. The Boeing Leadership Center is closing indefinitely, with 81 workers from chefs to waiters losing their jobs, according to a WARN report.

Chief Executive Officer Dave Calhoun and Chief Financial Officer Greg Smith warned in July that the company faced a shrinking market that’s likely to remain depressed for years. The Chicago-based company could see a staggering $23.3 billion cash outflow this year, according to an estimate by Melius Research analyst Carter Copeland, before the resumption of Max deliveries starts to fill the company’s coffers in 2021.

Smith, who’s orchestrating the shakeup, said in August that Boeing needs to be “clear-eyed about the market” and how to mitigate its risks.

Boeing signaled last month that a new voluntary exit offer would take workforce reductions well beyond the 10% it initially targeted. The package was aimed at the commercial aircraft and services businesses, the most damaged by the pandemic, as well as the corporate operation, which employed 37,862 people at the start of the year. Fewer employees in the company’s defense, space and government business were eligible for the buyouts.

NeXt Out

Boeing is trimming research and development spending in part by phasing out Boeing NeXt, a two-year-old unit focused on futuristic concepts from flying cars to a supersonic business jet.

Aurora Flight Sciences, among the highest profile of the ventures, remains a wholly-owned subsidiary with work proceeding “full steam ahead,” a Boeing representative said.

But the company has tapped the brakes on the Autonomous Flight Research Center it had planned to open this year in MIT’s Kendall Square Initiative in Cambridge, Massachusetts, near the university’s campus.

Boeing is trying to sublease about half of the 100,000 square-feet space it had secured, said Peter Conway, director of research for Boston-based Lincoln Property Co., which doesn’t represent Boeing or the landlord. Aurora no longer plans to move its Cambridge-based team to the building, Boeing said.

The company plans to decide by year-end whether to maintain or monetize its stakes in three ventures:

  • Aerion, which is developing a supersonic business jet
  • SkyGrid, which is making an air-traffic management system for drones
  • Wisk, a joint venture with Kitty Hawk Corp., an autonomous flight venture backed by Google founder Larry Page.

“It’s a different world now,” said Stephen Perry, an investment banker who specializes in aerospace and defense deals at Janes Capital Partners. “They’re all cash-draining businesses in the short run, with an uncertain future.”

Boeing, Perry said, needs to focus on its core businesses because it’s “in a fight for survival.”

©2020 Bloomberg L.P.

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Montreal startup uses AI to set real-estate prices – Montreal Gazette



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The pandemic has been devastating for so many businesses, but it has also provided opportunities for other entrepreneurs. Take the case of Montreal brothers Mark and Jordan Owen. Both saw their lives significantly altered by the COVID-19 crisis.

Mark, 28, was working for a local real-estate development firm and business had ground to a halt in the spring. Jordan, 26, was in a master’s program in real-estate development and city planning at the Massachusetts Institute of Technology (MIT) and had come back to Montreal in March because all in-person classes had been cancelled.

That’s when they had the idea of starting up a company to produce reusable masks. They founded Bien Aller, named in honour of the Quebec COVID catchphrase “Ça va bien aller.” They created the firm with a friend, Sean Tassé, who had been laid off from his job at a construction-management firm because of the pandemic.

Six months later, they’ve sold about 300,000 masks and they’re still producing them at facilities in Montreal and South Korea. Then the Owen brothers, Tassé and another friend, Benoit Thibeault, had a notion for a more unusual startup. The Owens’ background in Montreal real estate had them thinking that what developers and brokers could really use is a more reliable way to set prices for houses and condos that are going on the sales or rental markets.

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