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Royal LePage downgrades Q4 housing price forecast; expecting seven per cent increase

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Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

The decrease reflects a sluggish third quarter in which the national aggregate home price rose 3.6 per cent year over year to $802,900, but fell 0.8 per cent on a quarterly basis.

More than half of the 63 regional markets analyzed by the company for its latest house price survey posted a quarter-over-quarter price decline in the third quarter as sales activity softened.

“While many Canadians have adjusted to the increased cost of borrowing, elevated interest rates continue to impact activity in markets across the country,” stated the report, released Thursday.

Aggregate home prices in the Toronto and Vancouver regions fell 2.8 per cent and 1.8 per cent, respectively, compared with the previous quarter, while the Greater Montreal Area posted a 0.6 per cent aggregate price increase.

“Prices remain up on a year-over-year basis, with today’s stable market standing in sharp contrast to the steep declines experienced in the third quarter of 2022,” said Royal LePage president and CEO Phil Soper in a press release.

“While trading volumes in most regions remain sluggish, Canada’s housing market is on solid footing, with pent-up demand building. We don’t anticipate a material change in property prices through the remainder of the year.”

Along with the national year-end forecast downgrade, Royal LePage also revised its regional forecasts downward in the Greater Toronto Area, Edmonton and Regina. It maintained its previous forecasts in the greater regions of Montreal, Vancouver, Ottawa, Winnipeg and Halifax.

Calgary bucked the trend as the only city whose year-end aggregate price forecast increased, which the report attributed to sustained activity through the summer and a strong start to the fall. Royal LePage is forecasting that the aggregate price of a home in Calgary will go up by 9.5 per cent in the fourth quarter compared with a year earlier.

“The region, which continues to attract buyers from across the country, saw more moderate yet steady appreciation through the pandemic-fueled boom, and has experienced smaller fluctuations through the recovery, keeping prices stable,” the report said.

Broken down by housing type, the national median price of a single-family detached home increased 3.4 per cent to $833,600 in the third quarter, compared with the same period in 2022, while the median price of a condominium increased 3.8 per cent to $587,400.

On a quarter-over-quarter basis, the median price of a single-family detached home fell one per cent, while the median price of a condominium rose by just 0.1 per cent.

This report by The Canadian Press was first published Oct. 12, 2023.

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You Can Minimize the Odds of Being Ghosted

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When job seekers complain about being ghosted—a form of silent rejection where candidates hear nothing after submitting an application or having been interviewed—I wonder if they’re unaware of the changes in social norms and mannerisms. Do they not know that social norms and the workplace are intertwined? Since the advent of social media, manners, courtesy, and empathy have significantly diminished.

If there’s one thing job seekers can be certain about, they’ll be ghosted multiple times throughout their job search. It wouldn’t be a stretch to say ghosting candidates has become a norm. It’s worth pointing out that companies don’t ghost candidates; the company’s employees ghost candidates. When the recruiter or hiring manager is of a generation that finds ghosting an acceptable way to terminate a relationship, romantic or otherwise, it shouldn’t come as a surprise when they ghost candidates.

 

Bad News: You can’t change or control other people’s behaviour.

 

Good News: You can take proactive steps to minimize—as with all human interactions, there are no guarantees—the chances of being ghosted.

 

Build a strong relationship. Focus on being likeable.

Understandably, hiring managers—recruiters less so since they won’t be working with the candidate—look to hire candidates they can envision getting along with; hence, most job seekers would significantly boost their chance of job search success by focusing more on being likable.

By likable, I mean being pleasant, respectful, and expressing genuine interest in the company and the role. I’ve yet to meet a hiring manager who hires candidates they don’t like. As I’ve mentioned in previous columns, likeability supersedes your skills and experience. Most job seekers don’t focus enough on being likeable.

The stronger the relationship (read: bond) you establish with the recruiter or hiring manager, the more likely they won’t ghost you. From your first interaction, focus on creating a rapport beyond just transactional communication.

Personalizing your correspondence can make a significant difference. Use the hiring manager’s name instead of a generic ‘To Whom It May Concern.’ Find commonalities such as place of birth, hobbies, schools attended, associations you belong to, favourite restaurants, and people you know.

 

Avoid appearing confrontational.

Anyone reading this can relate to the number one reason why people ghost: to avoid confrontation. Today, many people feel entitled, resulting in job seekers being frustrated and angry. You only need to scroll through LinkedIn posts and comments to see that bashing employers has become an unproductive trend. Hence, it’s likely that a candidate will become confrontational if told they don’t get the job.

Smile throughout your interview! Avoid appearing desperate! My best interviews have been those in which I was nonchalant; I was indifferent to whether or not I got the job. In addition to being a turn-off, showing signs of desperation will raise questions about how you’ll react if told you don’t get hired.

Lastly, tell your interviewer how much you enjoyed talking with them and that you look forward to hearing back.

 

  • “I really enjoyed our conversation, Khloe. Thank you for taking the time to meet with me. I look forward to hearing your hiring decision.”
  • “Either way, please call or email me to let me know about my application status.”

 

You’re more likely to receive a response by asking explicitly for communication.

 

Earn your interviewer’s respect.

People tend not to ghost someone they respect.

Respect must be earned, starting with one of life’s golden rules: Treat others how you want to be treated. In other words, give respect to get respect.

Throughout your job search, be professional and courteous. Respond promptly to emails and calls and thank people for their time. Approaching recruiters and hiring managers politely and professionally improves your chances of being treated similarly.

 

Ask for advice, not feedback.

Asking for advice encourages communication. As your interviewer is wrapping up the interview, mention that you’d welcome their advice. “Given your extensive background in project management, any advice you may have for me wanting to advance my career would be greatly appreciated.”

Why ask for advice and not feedback? The first problem with asking for feedback is it puts the other person on the spot. The second problem is feedback can lead to disagreement, hurt feelings, or defensiveness, a common reaction resulting in confrontation. On the other hand, asking for advice is asking for guidance and suggestions to achieve a better result. Essentially, you’re acknowledging the other person’s experience and massaging their ego. Do you know anyone who doesn’t like being asked for advice?

 

Send a thank you note.

Sending a thank you note expressing appreciation for the interview and the insights you gained reinforces your interest and keeps the lines of communication open. Conclude with a forward-looking statement, encouraging the recipient to respond.

 

  • “I look forward to hearing from you regarding the next steps.”
  • “I look forward to staying in touch.”

 

Job searching aside, direct, open, and honest communication—say what you mean, mean what you say—which I highly value, has become rare, which explains the prevalence of ghosting. When you’re ghosted, assume the company isn’t enthusiastic about hiring you. Silence may be golden in some things, but ghosting is not one of them.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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Tatiana Tarot – Make Money Online Reading Tarot

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Product Name: Tatiana Tarot – Make Money Online Reading Tarot

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I’ve always loved reading tarot for myself and for friends, but I
never even thought about doing it professionally. After taking Tatiana’s step-by-step course I
picked up my first client within a few weeks, and my business hasn’t stopped growing since!

I’ve always felt like I’m a bit “psychic” and wanted to work within
this area since I can remember. I never took it seriously though until my friend introduced me to
Tatiana. I’ve been successfully reading online for 18 months and finally feel like I’ve found my
calling in life.

I’m a stay at home mom with to two young children. Last year when my
husband’s income dropped due to lockdown, I started looking online for jobs that I could do. I’m a
Sagittarius, so I’m not the most entrepreneurial of people, but in just 1 year, I’m now making more
than my hubby, all from home + whilst looking after my kids!

I went backpacking for 6 months when I was younger and ever since
then I’ve wanted to find a job I could do online whilst travelling the world. Becoming an online
tarot card reader has allowed me to do just that! I’ve spent the last few years travelling the
world, working from beaches – all whilst earning six figures online!!

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Empire Blueprint Book – Your Guide to Business Growth and Leadership

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Product Name: Empire Blueprint Book – Your Guide to Business Growth and Leadership

Click here to get Empire Blueprint Book – Your Guide to Business Growth and Leadership at discounted price while it’s still available…

 

Discover practical strategies, proven techniques, and real-world insights to navigate challenges, boost sales, and lead with confidence. This book empowers you to turn your vision into reality and achieve lasting success.

Gain access to the marketing, sales, and leadership tactics used by top entrepreneurs to drive growth and outperform competitors.

Discover the best guidance that you can implement immediately to solve challenges and accelerate your business’s success.

Learn how to develop the mindset needed to innovate, take calculated risks, and build a resilient business in any market.

This book provides actionable strategies and real-world insights directly from successful entrepreneurs. It focuses on practical steps you can implement immediately in marketing, sales, and leadership to overcome challenges and grow your business.

Yes, it offers practical steps on becoming a more effective leader, motivating your team, and fostering a culture of accountability and growth. Learn how to build a team that’s engaged, aligned, and committed to achieving your vision.

By providing proven techniques to enhance your marketing, boost sales, and build a strong team, this book helps you attract more customers, increase revenue, and create sustainable growth in your business.

Absolutely. It offers fresh perspectives and new strategies to address common challenges, improve performance, and drive growth, whether you’re just starting or looking to take your business to the next level.

A passionate entrepreneur who built a successful business from the ground up. When his team began struggling with communication and engagement, he turned to new strategies to transform his leadership style, reignite his team’s motivation, and drive his business to even greater success.

This is Brendan, a driven entrepreneur who had built a thriving business from the ground up. His company was growing fast, and customers loved his products. But as his team expanded, Brendan started noticing cracks in the foundation. Employees were missing deadlines, communication was breaking down, and worst of all, his once-enthusiastic team seemed disengaged and resistant to his direction.

Brendan felt frustrated and overwhelmed. Despite all his hard work, his business was slipping out of control. He knew he had to find a way to turn things around—or risk losing everything he had built.

That’s when Brendan picked up Empire Blueprint. Diving into the chapters on leadership and motivation, he discovered powerful strategies to rebuild trust, improve communication, and inspire his team. Brendan realized that to create lasting change, he needed to lead with empathy, set clear expectations, and foster a culture of accountability and recognition.

He began by holding open, honest conversations with his team, listening to their concerns, and involving them in the decision-making process. Brendan also implemented the book’s strategies for motivating employees, from setting clear goals to celebrating small wins. Slowly but surely, he noticed a shift. His team started taking ownership of their tasks, communication improved, and morale soared.

Within months, Brendan’s business was back on track. His employees were not only following his lead but were also excited to contribute to the company’s vision. Brendan saw higher productivity, a stronger sense of teamwork, and even more growth than before.

Thanks to the strategies in Empire Blueprint, Brendan didn’t just save his business—he transformed it into a place where employees are motivated, aligned, and passionate about achieving greatness together.

Now, Brendan leads with confidence, knowing he has the tools to overcome any challenge that comes his way.

A determined entrepreneur who faced significant challenges entering a male-dominated industry. With resilience and strategic insights, she turned her struggles into opportunities, building a successful business and inspiring others to follow their dreams.

Olivia, a passionate entrepreneur with a bold vision to create a business in an industry traditionally dominated by men. From the very beginning, she faced constant challenges. Investors doubted her capabilities, potential partners overlooked her ideas, and even her own network questioned her decision to venture into such a competitive field.

Feeling isolated and overwhelmed, Olivia often wondered if she was on the right path. But deep down, she knew she had something valuable to offer—a unique perspective and a drive to bring her vision to life. Determined to succeed, she sought guidance and stumbled upon Empire Blueprint.

As she read through the book, Olivia found herself absorbing invaluable insights on marketing, sales, and—most importantly—how to stand out and lead in a world that wasn’t always welcoming. She learned how to leverage her strengths, build confidence, and position herself as an expert. The chapters on leadership showed her how to create a powerful personal brand and build a network of allies and mentors who believed in her vision.

Inspired by the stories of other entrepreneurs who had defied the odds, Olivia began to apply what she learned. She refined her pitch, started targeting the right audiences, and turned every “no” into an opportunity to learn and improve. She focused on building authentic relationships and found creative ways to showcase the value she could bring to the table.

Within months, Olivia’s confidence grew, and so did her business. She began securing key partnerships and attracting clients who recognized her unique approach and passion. Her determination and newfound strategies helped her break through the barriers and make a name for herself in her industry.

Today, Olivia is not just running a thriving business; she’s also inspiring other women to step into the entrepreneurial world with courage and conviction. The insights from Empire Blueprint were the game-changer she needed to turn her challenges into triumphs.

Olivia now knows that she has the tools to succeed, no matter the obstacles, and she’s leading with the confidence and vision she always knew she had.

Serial entrepreneur who transitioned from saving money for his first startup to achieving major success with two profitable exits. With a transformed mindset and a passion for teaching, he now shares his insights through masterclasses, inspiring others to innovate and lead with confidence.

Jonathan always dreamed of being an entrepreneur. Fresh out of college, he saved every penny from his first job, determined to one day launch his own startup. His first venture was a modest one, but through grit and relentless effort, Jonathan grew it into a thriving business. After a few years, he sold it for a profit and quickly dove into his next venture.

His second startup took off even faster. Jonathan applied everything he learned from his first experience—strategic planning, calculated risks, and a strong work ethic. Once again, he found success, selling this startup for an even larger sum. On paper, Jonathan had achieved what many entrepreneurs dream of: two successful exits. But something was missing.

Despite his achievements, Jonathan felt he had hit a ceiling. He realized he had been relying on hard work and persistence alone. To reach the next level, he needed to change his mindset—to think bigger, innovate boldly, and lead with confidence. That’s when he found Empire Blueprint.

The book opened his eyes to new possibilities. It taught him the importance of vision-driven leadership, building a brand with purpose, and creating scalable processes. Jonathan began to see entrepreneurship not just as a path to profit but as a way to make a meaningful impact.

Embracing this new mindset, Jonathan launched a masterclass to share his knowledge and experiences with aspiring entrepreneurs. He used insights from the book to structure his courses, emphasizing the importance of strategic thinking, resilience, and the power of a growth-oriented mindset.

Now, Jonathan isn’t just a two-time founder; he’s an educator, mentor, and thought leader. His masterclasses are filled with entrepreneurs eager to learn from someone who has not only succeeded but has evolved his thinking to achieve even greater impact.

Thanks to the mindset shift he gained from Empire Blueprint, Jonathan has found a deeper purpose in his work and continues to inspire others to chase their dreams and redefine their own paths to success.

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