There is growing evidence of risk in the country's real estate markets as home prices have climbed faster than income and population growth, a report by Canada's federal housing agency says
Agents have been wondering just how wide-spread the impact of the new mortgage rules will be, and one leading economist has crunched those numbers
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.
One agent has ditched what many of his colleagues consider an essential marketing tool in an effort to align himself with a growing number of urban buyers and sellers.
Many home sellers are missing out on quick deals as they play the waiting game. And it’s a match plan that they will lose, says one Realtor.