Take heart, agents, it could be much worse
Canadian women in their 30s are the best kind of borrowers when it comes to fulfilling their mortgage obligations, financial expert says
Agents are pointing to the value they offer in refuting a surprising claim; namely, buyers are more attracted to private listings than traditional ones.
Even agents in Canada’s priciest markets will be green with envy when they hear just how high prices have risen for something as small as 200 sq.-ft. in NYC – and that’s without marble countertops and hardwood floors.
It’s Saturday morning in the city and on this one day alone 253 home auctions will see 81 per cent of those properties sold. Paperwork will be signed, and agents will have earned their commissions in a few short weeks. At two per cent, those commissions will be well below the Canadian average even though the agent has worked with both buyer and seller. This isn’t Toronto or Vancouver or any city in this country yet. It’s Sydney, Australia. But could this trend, starting to take root in Canada, destroy our industry?
He has a full-time job, sells real estate in the afternoons and evenings, and is building a growing clientele. This is how Eric Chan juggles a day job, rude agents and working his network to get new business.
Toronto condo boom may be easing; new figures on housing starts and rentals… Calgary outpacing the rest of Canada on new home sales… Affordability is the hot election topic in Vancouver…
Real estate agents may increasingly need to adjust their listing price, as buyers are hamstrung by more stringently applied financing rules.