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Local Moose Jaw real estate agents join forces – moosejawtoday.com

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Gayland Panko and Trevor McPherson have known each other for about four years, and knew each other first as competitors.

After careful consideration and some initially cautious collaboration, they realized business would be better for both themselves and their customers if they joined forces to create the real estate team of Panko & Associates. 

Gayland was born and raised in Moose Jaw. After a successful career as a cattle rancher, he retired and began investing in real estate throughout Canada and the US.

“(Being a real estate agent) was initially supposed to be a hobby,” he says.  

He has been a licensed realtor for two years now. It “just made sense” to him to start helping his many contacts with buying and selling commercial, farm, and ranch properties because, as an investor who believes in thorough research, there were properties and leases which might make sense for someone else even if they did not make sense for him. 

Trevor is from Regina, lived in Saskatoon for eight years, and has lived in Moose Jaw since 2009.

“I’m here in Moose Jaw now,” he states firmly, “I’m not moving around anymore.”

A well-known professional golfer who has been a full-time real estate agent since 2015, Trevor focuses his real estate interests in residential and commercial properties. He also obtained his broker’s license in April 2021, contributing another level of real estate expertise to what he and Gayland are able to leverage. The partners are happy with how their corresponding strengths and interests add up.  

“In real estate,” Gayland says, “customers benefit from agents being in contact with each other.”

This enables each respective buyer or seller to find the property that is most suited to them.

“Our goal is to create an atmosphere in our office with a collaborative, solution-based approach. Trevor and I work as a team, meeting and working together to find space for our clients and matching buyers with sellers.” 

McPherson and Panko both immediately ran into puzzlement regarding their affiliation with Royal LePage Regina Realty.

Gayland says, “I keep encountering confusion about that, just potential customers noticing the name and assuming we’re based in Regina.” Trevor agrees wryly, stating that, “With real estate regulations, you have to be registered and affiliated with a brokerage to practice real estate.”

As Trevor has his broker’s license, they could have started their own brokerage, but as he says, “The economics… didn’t make sense.” He explains that with today’s cloud-based real estate market, they could have worked under the auspices of virtually any brokerage in the province, and chose Royal LePage Regina after “a lot of due diligence.” 

They both want to assure potential clients that they are local Moose Jaw agents. “We work and live here,” they agree, “we’re a Moose Jaw firm.”   
When asked if they have any advice for those needing a real estate agent, they are unambiguous. “You should be interviewing agents, shopping around.” Trevor affirms, “Our advice is free, and we’re happy to just chat, so call us up.”

Gayland expresses that, “You should pick your agent based on who you get along with, and who you trust, maybe you have a history with them or maybe it’s someone you know.”

Trevor chimes back, “I’ve said to people, ‘maybe a different agent would be better able to help you?’ but for both of us, the goal is to assist our clients in obtaining their goals.” 

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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