Mississauga, ON (February 5, 2008) -Housing sales and average price weren’t the
only records being shattered across Canada in 2007.  RE/MAX realtors also set a
new benchmark in charitable giving, raising over $4 million for Children’s
Miracle Network. 

RE/MAX realtors generate donations through the RE/MAX Miracle Home Program®,
whereby a portion of their commission earned on the purchase or sale of each
home is given to Children's Miracle Network affiliated hospitals.  Children's
Miracle Network supports 14 children's hospitals and foundations across Canada.
Donations are often maximized through additional fundraising events including
golf tournaments, gala evenings with silent auctions, casual Fridays and much
more.  Funds raised in each community stay in that community to be invested in
the local Children's Miracle Network hospital.

'What many don’t realize is that the corporate and private sectors play a vital
role in making miracles possible,” says Marie Sheppy, Senior Coordinator,
Corporate Affairs, RE/MAX of Western Canada.  “With public coffers stretched to
the limit, it’s a fact that organizations like RE/MAX fund a significant portion
of the required cost to treat sick and injured children in pediatric facilities
across Canada.  We work so hard because we know our donations mean more than
dollars and cents—it's an opportunity for healthy, happy childhoods and hope for
promising futures.  There really is nothing more rewarding than watching kids
just be kids.”

In Canada, the funds raised on behalf of Children’s Miracle Network help support
outreach programs and fund advancements in critical research, as well as
upgrades to medical facilities and equipment.

“The outstanding generosity of RE/MAX Associates has helped more than 2.5
million Canadian children in  2007 alone – that’s 1 in 4 kids nationally,” says
John Hartman, Chief Operating Officer – Canada, Children’s Miracle Network. 
“RE/MAX has made Children’s Miracle Network hospitals a vital part of what they
do and continue to put giving back at the top of their agenda.  Since 1992,
RE/MAX has been a strong supporter of Children’s Miracle Network.  Their
dedication, passion and enthusiasm for the kids and families in their
communities across Canada is outstanding.  They continue to give and give more. 
We are very proud to be affiliated with RE/MAX. The progress being made thanks
to contributions like RE/MAX’s has been nothing short of astonishing.  While
care and outcomes have improved significantly, it also remains a reality that
the need has never been greater.” 

Newly Constructed Homes

Eligible first time buyers of newly constructed homes should continue to have their lawyers claim the refund under current procedures at the time of registration. The date the agreement of purchase and sale is entered into is a factor with respect to newly constructed homes.

Resale Homes

Until the proposed amendments become law, the following applies to first time home buyers of resale homes applying for a refund; land transfer tax must be paid at registration. The following documentation must be submitted to the Ministry of Revenue at the address at the end of this notice

- a properly completed form - Ontario Land Transfer Tax Refund. Affidavit for first time purchasers of eligible homes (resale)

- a copy of the registered instrument on which land transfer tax was paid (in the case of electronic registration, please include a copy of the docket summary which relates to the transaction)

- a copy of the agreement of the purchase and sale (only those agreements of purchase and sale entered into after December 13th, 2007 may qualify) along with a copy of the statements of adjustments.

Eligibility Requirements

The following eligibility requirements are proposed to apply for resale homes and continue to apply for newly constructed homes;

- the purchaser must be 18 years of age

-application for the refund must be made within 18 months after the date of the conveyance of disposition.

- the purchaser must occupy the home as his or her principle residence within 9 months of the date of closing.

- the purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world.

- a spouse of the purchaser cannot have owned a home or had any ownership interest in a home, anywhere in the world while he or she was the purchaser's spouse.