Bridgemarq Real Estate Services announced “strong” year-end revenues on the back of rebounding real estate markets after a relatively weak earnings period in the first half of 2019.
The company posted fourth quarter revenues of $10.7 million, up 20.2% from $8.9 million in the fourth quarter of 2018, as markets rebounded in the last half of the year. On a full year basis, revenues for the year ended December 31, 2019, were $44.3 million, compared to $42.0 million in 2018.
Bridgemarq also credited an increase in the number of realtors in its network for its strong second-half performance.
“Our company posted strong results for the final quarter of the year, buoyed by a rebound in the residential real estate market,” said Phil Soper, president and chief executive officer of Bridgemarq Real Estate Services. “We are pleased with the company’s financial performance in 2019 overall, and with continued growth in the number of realtors across our network. We are optimistic that 2020 will be a solid year for the company. In particular, we are pleased with improvements in the Greater Toronto Area real estate market, which has recently shown promising signs of a sustained sales recovery.”
Mississauga real estate developer Ignat Kaneff dies at age of 93 – mississauga.com
One of Peel’s most influential real estate developers and philanthropists has died.
Ignat Kaneff, who founded Kaneff Corporation more than 60 years ago, died on Sunday, July 12, at the age of 93. His cause of death is unknown at this time.
Kaneff immigrated to Canada from Bulgaria in 1951 with only $5 to his name, but through years of hard work, he saved up enough money to purchase a building lot for his own home, which led to the creation of Kaneff Properties Limited in 1956.
His first housing development consisted of 27 homes in the Erindale Woodlands area of Mississauga.
His death has sparked an outpouring of messages from dozens of politicians who have passed on their condolences to the family through social media.
My deepest condolences to the Kaneff family, and to the @KaneffGroup, on the loss of Ignat Kaneff, a visionary businessman, community leader, and one of the greatest philanthropists in the history of the @regionofpeel. His legacy of serving others will never be forgotten. #RIP pic.twitter.com/ngHJUGAaHb
— Rudy Cuzzetto, MPP (@RudyCuzzetto) July 13, 2020
On behalf of the Town of Caledon Council, residents and staff, we offer our deep condolences to the Kaneff Family.
— Allan Thompson (@Caledon_Mayor) July 13, 2020
Deeply saddened by the news of the passing of a great philanthropist, visionary, Brampton community leader and one of the most prominent Bulgarian-Canadians Mr. Ignat Kaneff. My thoughts and prayers are with his family and loved ones. May he Rest In Peace 🕯 pic.twitter.com/WpuNyBRbDA
— Sonia Sidhu (@SoniaLiberal) July 13, 2020
Kaneff has helped build hospitals, schools, community centres, homes and apartment buildings across Peel. He also established the Ignat Kaneff Charitable foundation in 1986 to support education, health, the arts and social services of local communities.
Kaneff has contributed greatly towards organizations and institutions such as Community Living Mississauga, Credit Valley Hospital Foundation and the University of Toronto-Mississauga.
A passionate golfer, he has also built several golf courses, including the Lionhead Golf Club and Conference Centre in Brampton.
In 2017, he was awarded the Order of Canada.
— With files from Rachael Williams
Real estate sales and sales volume are up in Estevan; time spent on market is down – Estevan Mercury
The Saskatchewan Realtors Association says the province’s real estate market is showing strong signs of recovery.
Data released last week shows sales from across the province were up close to 50 per cent from June of last year, and down only .3 per cent for the first six months of the year.
Sales in southeast Saskatchewan were up 35.1 per cent, going from 37 in June 2019 to 50 in June 2020. It’s also up 20.2 per cent from the five-year average (and 8.3 per cent below the 10-year average).
The total number of sales in Estevan rose 57 per cent, going from seven to 11, and 14.3 per cent in Weyburn, from 14 to 16. Sales in Estevan were 17.0 per cent above the five-year average, but 35.7 per cent below the 10-year average
So far this year, sales in Estevan have grown from 40 to 51.
Sales volume in Estevan rose 13.9 per cent from $9.2 million to $10.5 million in 2020.
The number of new listings in Estevan was down from 44 last year to 35 this year, which is a 20.5 per cent decrease. Active listings are down 35 per cent in Estevan, from 226 to 147.
The sales to listing ratio was 31.4 per cent, suggesting to the Realtors association that market conditions favour buyers.
Homes in Estevan stayed on the market 105 days on average in 2020, down from an average of 140 days last year
Median home prices in Estevan went from $247,000 in 2019 to $290,000 (an increase of 17.4 per cent) and were approximately two per cent above the five-year average.
10 Real Estate Tools Entrepreneurs Should Be Familiar With – Forbes
The real estate market is a great place for entrepreneurs looking to be their own boss or counter the risks they take with their new businesses. I got involved in real estate at a very young age, and that experience taught me a lot about business and was the driving force in my ability to start my own successful company.
Whether you’re looking to fully commit to the real estate industry or are an entrepreneur in another field looking to diversify, you should be aware of these 10 tools and what they can do for you:
Keeping in touch with potential clients helps them along the sales journey, which is important for every industry. Happy Grasshopper specializes in automated messaging in the real estate world, from emails and text messages to handwritten cards.
The best thing about Happy Grasshopper is the professional writers hired to create content that you can use in your communications. As an entrepreneur looking to invest on the side, having this help can be a game changer.
When you’re looking to make an investment, you could end up in a bidding war with others, driving up the price and costing you the property. You can’t always avoid it, but DealMachine steps in to help you locate potential investment properties that no one else knows about.
It accomplishes this by helping you drive leads off market. Not every property is listed for sale, but contacting owners and making offers could lead to great deals for both sides. DealMachine will help you receive informed prospects and convert them to investments.
As the real estate realm continues to evolve, so does consumer behavior. Knowing the best way to communicate with potential buyers and sellers is critical to your success. That’s why Lead Sherpa designed a text messaging platform specifically geared toward the real estate industry.
Text messaging gets higher response rates than cold calls and direct mail and is a faster way to communicate. Hardly anyone will leave a text without reading it, so you’ll be comfortable knowing that almost everyone gets the messages you send.
InvestorPO forms a part of RealEstateInvestor.com, serving as one of its primary tools for helping investors with real estate. It offers a cloud-based customer relationship management solution; as an entrepreneur, you know just how important customer relationships are.
Investors tend to have other things on their plate. Using software like this, they can effectively manage and guide leads, even when their attention is elsewhere.
A vital part of successful business in 2020 is a well-designed and functional website. A good website attracts interest, generates leads, and helps your business succeed, even outside of a brick-and-mortar establishment.
Hoozip provides website design specifically for generating and converting leads on real estate properties. It helps investors with both buying and selling, making it faster and easier to find what you need. Keep track of your website’s data analytics, and you’ll be able to visualize the impact Hoozip has on your success.
Another easy place for generating leads is through Facebook. It’s one of the world’s largest social media sites for a reason. With people glued to their news feeds now more than ever, smart targeting can lead you to hopeful buyers and sellers with perfectly placed ads. This is where StreetText comes in.
Social media allows you to expand your reach, which is helpful for those in the real estate industry looking for new clients. There’s little you can do, after all, without a client base. StreetText uses AI to target the right people with your ads so you can establish relationships and strike deals.
Maybe* expands your social media reach among real estate entrepreneurs by taking your social media accounts and consolidating them in one control board. This will generate reports and statistics about your social media efforts to help you plan campaigns and reel in deals.
With detailed analytics, you can see when and what terms are trending in order to push content that gets high levels of engagement. Keeping up with real estate trends allows you to capitalize on opportunities.
When dealing with real estate, it’s important to effectively manage capital reserves. To beat the curve in this industry, SmartProperty developed a cloud-based service to help you track and manage your capital revenue expenditures for effective budgeting and forecasting.
Staying on top of all this can be a handful, especially if you’re an entrepreneur looking to do real estate on the side. SmartProperty will help you save time and money and avoid surprises that can leave you flat on your back.
Take the future into your hands with Hauzd. It provides interactive 3D images of real estate properties for an in-depth look, no matter where you are. This unique approach at real estate marketing captures attention and leads to increased engagement and progression with clients.
This is particularly valuable, given the hesitancy people may have due to the coronavirus. In-person showings and meetings are on the decline due to health and safety measures. Learning to navigate this difficult time while closing deals is essential to keeping the economy, and your personal finances, afloat.
Meet RAP Success Systems’ AI bot, REN. This wonderful piece of software works around the clock to make your real estate ventures succeed. It’ll track and score leads, letting you know which ones are ready to be taken on.
Artificial intelligence is heading the charge of innovative industries. It works hard without needing a break, allowing you to get needed rest while continuing to manage your business. RAP Success Systems harnesses the power of artificial intelligence to make managing the real estate industry a breeze.
Real estate is a fickle beast, even in the most lucrative of times. During a global pandemic, it pays to have as many efficient tools at your disposal as possible. Not only will they make your real estate ventures a success, but they’ll also make your work manageable — something every entrepreneur can appreciate.
Mississauga real estate developer Ignat Kaneff dies at age of 93 – mississauga.com
What you need to know about COVID-19 in Alberta on Monday, July 13 – CBC.ca
The Politics of a Pandemic: Interview with Sen. Chris Coons – GZERO Media
Silver investment demand jumped 12% in 2019 – report – MINING.com
Iran anticipates renewed protests amid social media shutdown
Richmond BBQ spot speaks out about coronavirus rumours Vancouver Is Awesome
- Health20 hours ago
Ontario reports 129 new COVID-19 cases, majority in Toronto and Peel regions – CBC.ca
- Science24 hours ago
Albertan skywatchers share photos of Comet NEOWISE as it soars past Earth – Globalnews.ca
- Politics23 hours ago
Politicians leave Stampede duds on the shelf for 2020 – CBC.ca
- Science8 hours ago
Three different spacecraft bound for Mars this month – CP24 Toronto's Breaking News
- Tech22 hours ago
Assassin’s Creed Valhalla: Gameplay demo preview – Polygon
- Business23 hours ago
Tesla Model Y Price Drops — New Cost of Ownership vs. Lexus RX – CleanTechnica
- Health4 hours ago
More calls to 811, long lines after officials tell Montreal bargoers to test for COVID-19 – Globalnews.ca
- Sports20 hours ago
The details behind the postponement of Sunday’s D.C. United-Toronto match – The Athletic