Spurred by price escalation, the mayor mused joining Toronto and Vancouver by introducing a tax on foreign buyers.
Downtown Vancouver has the highest average price per square foot in the country
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.
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.
Housing starts pick up pace in September… Housing market correction would damage retirement funds… Calgary’s commercial real estate investment activity slows…
Agents had better get used to the growing phenomenon of offer-dates, a practice an increasing number of agents hope the winter will send into hibernation.
Are the days of brokerages accepting any agent with a license and a pulse numbered? Several Toronto-area players hope so, calling on big-name brokerages to do more to weed out bad agents.
Global real estate brand continues Canadian expansion with its first Whistler brokerage
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