Why the Luxury Housing Market Is Hot, Hot, Hot

October 18, 2019

The real estate market feels like it’s bouncing back. But the luxury housing market is downright hot in several markets.
Barring a stock market correction — unlikely given how investors reacted positively to the Federal Reserve reduction in bond purchases in December — the trend means the spring homebuying season could be a good one, especially for REALTORS® who are shrewd or lucky enough to have high-end properties in their portfolio.
Home sales throughout the country increased by more than ...

The REALTOR® Commitment.

October 28, 2019

You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you. Your REALTOR® is highly trained. REALTOR® training is so rigorous that candidates often fail the pre-registration courses. Those who do pass must master a long, diverse list of subjects ranging ...

No housing market hard-landing

October 22, 2019

All that talk of a hard landing for Canada’s housing market seems a distant memory now. The latest monthly data on existing home sales from Canada’s two biggest markets — Toronto and Vancouver — suggest demand for housing is still alive and well. Existing homes sales in the Greater Toronto Area rose 30% in September from a year ago and a strong ...

Scotiabank re-forecasts its outlook on the Bank of Canada once again

October 21, 2019

The Bank of Nova Scotia has reforecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2016. “The Bank of Canada probably now envisages spare capacity remaining into 2016,” the report stated. “It could well push out its forecast to return to the two per cent inflation target in the ...

A world without the CMHC

October 20, 2019

Imagine a world without Canada Mortgage and Housing Corp., writes the Financial Post‘s Garry Marr. What happens next if the government is no longer behind that mortgage, making sure the people loaning the money or the investors buying that loan get paid, should you not make your payments? For starters, you might gently be shown the door ...

Five Canadian mortgage market predictions for 2014

October 19, 2019

1. New mortgage rules Expect more rule tightening in 2019 designed to reduce mortgage risk for lenders, mortgage default insurers and the government. By definition, those rules will make it slightly harder to get approved for some mortgages and further slow the housing market. 2. Credit unions will steal market share Since they’re ...

What bubble? Canadians have their mortgage covered, study shows

October 17, 2019

A new Conference Board of Canada study says there’s no housing bubble about to burst and maintains Canadian are having no trouble handling their debt even as it sits close to record levels. The Ottawa-based group points out that mortgage arrears are actually going down in just about every market across the country — making a U.S.-style meltdown ...

Good news for investors

October 16, 2019

A recently released study points to an increased need for rental properties for Canadians, as home prices continue their upward trajectory. According to a Manulife Bank of Canada’s Debt Survey, published Thursday, 38% of Canadian homeowners feel that housing in their area is unaffordable. And two thirds of those expect housing prices to ...

Stanford publishes review, 'How Important Is Culture?: An Inside Look at Keller Williams Realty'

October 15, 2019

Company culture creates results: the Keller Williams formula A new Stanford School of Business analysis of Keller Williams Realty concludes that the Austin, Texas-based company takes a blended approach to corporate management and leadership, with a top-down business model but a bottoms-up approach to decision-making. “While its franchising ...

Crisis likely to thin Realtor ranks

October 12, 2019

If you think selling real estate is easy money, think again, say those who have spent their careers in the competitive business of listing and showing homes and conducting open houses. If you want to know why, just do the math. Last month there were 485 residential sales in Greater Victoria. Not a bad month, some would argue, considering the ...
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