A 30-year veteran in the Sudbury real estate market is bringing a cloud-based brokerage to Northern Ontario.
A team of “elite agents” will join Dan Gray in the transition to eXp Realty, which includes sales representatives Danielle Aubrey, Melissa Fuller, David Mallette, and Quentin Seeley, according to a release.
As a second-generation real estate professional, Gray said he has built his brand in the Sudbury community by providing fair and honest advice, consistent and clear communications, and a thorough understanding of the business.
He worked his way from his first year as a realtor when he didn’t sell a home worth more than $100,000 to his previous role as a broker-of-record and owner of a prominent real estate company.
“When I sold the agency a few years ago, other agents kept calling to ask for help. I enjoy mentoring agents, helping them learn effective ways to create the best deals for their clients,” he said.
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“One of the things I’m really excited about with eXp Realty is the massive amount of training and marketing materials available. These resources will help me help more people, and because they don’t have the massive overhead of a brick-and-mortar operation, their pathway to success is a bit smoother than when I was first getting started.
“Combined with the revenue sharing and access to stocks, smart performers will do very well for themselves.”
In addition to his role in the real estate market, Gray is also an active member of the local community.
He has served as the chair of the Health Sciences North Foundation and as a committee member of the Ontario and Canadian Real Estate Association.
Gray also served as the president of the Sudbury Real Estate Board five times in the past.
“Dan’s commitment to developing people and community has helped him become a leading realtor in Sudbury,” said Phil Hahn, a real estate investor and mentor.
“His experience in closing deals, mentoring talent, and building relationships work well with the eXp vision, and we’re looking forward to the continued success of Dan and his team of professionals.”
The cloud-based real estate brokerage eXp Realty and its holding company, eXp World Holdings Inc., is one of the fastest-growing real estate tech companies in the world with more than 46,000 agents around the world, according to the release.
It is a publicly traded company that provides real estate agents an opportunity to earn equity awards for production goals and contributions to overall company growth.
The company offers a full suite of brokerage and real estate tech solutions, including its residential and commercial brokerage model, professional services, collaborative tools, and personal development.
The cloud-based brokerage is powered by a 3D platform that is “deeply social and collaborative, enabling agents to be more connected and productive.”
Realtors interested in learning about opportunities to join eXp Realty can connect with Gray at 705-698-7330 or dan@dangray.ca.
TORONTO – One expert predicts Ottawa‘s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market.
The federal government’s changes, set to come into force mid-December, include a higher price cap for insured mortgages to allow more people to qualify for a mortgage with less than a 20 per cent down payment.
The government will also expand its 30-year mortgage amortization to include first-time homebuyers buying any type of home, as well as anybody buying a newly built home.
CIBC Capital Markets deputy chief economist Benjamin Tal calls it a “significant” move likely to accelerate the recovery of the housing market, a process already underway as interest rates have begun to fall.
However, he says in a note that policymakers should aim to “prevent that from becoming too much of a good thing” through policies geared toward the supply side.
Tal says the main issue is the lack of supply available to respond to Canada’s rapidly increasing population, particularly in major cities.
This report by The Canadian Press was first published Sept. 17,2024.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
