Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
I find this type of fear mongering article irresponsible. In Calgary we are finding certain segments of the market have slowed, but others are still very active and even with multiple offers in still common in 300-500k segment. Please name sources "there is talk " ? There has been talk for months and years that the numerous regions of our country are 30% over valued. The Calgary market is not in a panic to sell. Maybe REP should source there comments from professionals in this market.
Interesting perspective. What is a U.S. style recession? What is the difference between it and a Canadian style recession? My wife is a residential realtor in Calgary. Two of her listings in January received multiple offers. One sold at list price and the other at over list price. There is excellent traffic at open houses. While we may see a correction in residential price ranges that are in over supply, and we do have a lot of listings on the market for this time of year, I haven't seen it happen yet. The top end of the residential market is active showing confidence in the economy and the City. I am a commercial agent and developers are still buying land and businesses are expanding. Seems to me that each recession is unique and people are affected differently. Some are affected negatively, some don't know it's happening and some prosper. Go figure!
These type of articles are not at all helpful or well researched. Shame on you!
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