After posting extraordinary gains in 2007, housing market performance will moderate in most major Canadian centres in 2008, says The Re/Max Housing Market Outlook 2008 report.   It examined residential real estate trends in 18 markets across the country. The report found that while economic prospects will continue to improve next year, few major markets [...]

Eight out of 10 (83 per cent) Canadian baby boomers, aged 41-61, are not hesitant to consider a real estate purchase despite U.S. housing market volatility, according to a new online survey by Angus Reid Strategies on behalf of Mortgage Intelligence.  Twenty-one per cent of boomers surveyed anticipate making a real estate purchase in the [...]

DTZ Holdings plc, a global property adviser with operations in 45 countries, has acquired J.J. Barnicke Limited, Canada’s largest independently owned, full-service commercial real estate services company.
The purchase price is $26.6 million, subject to a working capital adjustment. A further payment of up to $1.6 million is payable to the vendors contingent upon certain [...]

By Kathy Bevan
According to the presentation “rule of three” dictum, if you want to get important messages across effectively and gain support, condense what you want to say into three points, and explain each of them thoroughly.  The rule of three formula worked well for CREA at its October Assembly in Calgary, winning it strong [...]

Brookfield Real Estate Services, owner of the Royal LePage Real Estate network, has acquired Quebec-based La Capitale Real Estate Network, Quebec’s fourth largest real estate franchise services company with 68 locations serviced by 1,492 agents. The La Capitale brand will continue to operate independently in Quebec, with the current management headed by President and CEO [...]

Toronto discount brokerage Realtysellers has launched a $41 million lawsuit against the Toronto Real Estate Board (TREB) after the board blocked Realtysellers’ access to the MLS system.  An application by Realtysellers for an injunction to have MLS access restored was denied after a November 7 court hearing.
    “TREB disabled TorontoMLS access codes of Realtysellers in [...]

While fewer Canadian home owners are planning to renovate than in previous years, home improvement spending is on the rise, says a study by RBC/Ipsos Reid that shows renovation plans are down almost everywhere in Canada except for Saskatchewan and Manitoba.   According to the latest survey, 67 per cent of Canadian homeowners say they [...]

Richmond Realty Group of Markham, Ont. is expanding its property management services.   “With our combined expertise in residential property management and real estate brokerage services we are well positioned to provide the best in class, and most cost-effective property management services to our clients,” says Arun Mehta, president and CEO. “We will be providing [...]

Re/Max International recently held the first-ever conference designed specifically to support brokers and agents doing business as a team.  The Re/Max Team Leader Summit featured presentations by Re/Max co-founder and chairman Dave Liniger, CEO Margaret Kelly and industry consultant Brian Buffini, founder of Buffini and Company.   “Today, 27 per cent of our membership are [...]

Coldwell Banker is expanding again on Vancouver Island. Just weeks after opening the new Coldwell Banker First Victoria Office, Wayne Dumbrell has announced the opening of another office serving the northern area of Vancouver Island. It will be known as Coldwell Banker Island Coastal, located in Campbell River.   The new office is owned by [...]