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Sam McDadi has been the top Mississauga and GTA real estate team for 11 years | insauga – insauga.com

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Published October 25, 2022 at 12:58 pm

For Sam McDadi Real Estate Inc. based in Mississauga, being ranked the top real estate team in the GTA comes as no surprise – it’s their 11th year in a row in that top spot, after all.

But what exactly is McDadi doing that sets them higher than other brokerages? For many homeowners, it’s the fact that they’re essentially a one stop shop handling every single aspect of the home buying and home selling process.

They call it the McDadi Difference: A guarantee that their brokerage will do everything it can for its clients, from marketing to professional photography and much more.

Here’s what the McDadi Difference entails:

Over 30 years of real estate experience and billions of dollars in sales.

There are few other real estate teams with as much experience as Sam McDadi Real Estate, which as of 2022 has sold over 14,763 homes – more than $9 billion in real estate sales. It’s no wonder they’ve ranked first in the GTA for 11 years in a row (based on dollar volume sold -exclusive sales, builder sales & sales on the Toronto Real Estate Board for 2011-2022).

Sam McDadi opened the brokerage in 2012 with the aim of providing exceptional real estate services. Until 2012, he had spent the past 14 years with RE/MAX, during which he and his team won almost every possible real estate award and was the #1 RE/MAX team in Mississauga (top 5 in all of Canada). With decades of experience, McDadi and his team know all the ins and outs of the real estate industry, and work to fulfill every client’s needs whether they’re buying or selling any type of property.

A team of 70+ agents speaking more than 25 languages.

Starting from humble beginnings, Sam McDadi’s team has since expanded to include more than 70 experienced agents, all of which specialize in real estate in different parts of the GTA. Clients are matched with agents that best fit their needs and their local community.

McDadi’s diverse team members come from all sorts of different backgrounds, reflecting the multiculturalism found in Mississauga and its surrounding cities. They speak over 25 languages and dialects – including English, Arabic, Cantonese, Croatian, Dari, Farsi, French, German, Greek, Haryanavi, Hebrew, Hindi, Hungarian, Italian, Indonesian, Korean, Mandarin, Polish, Portuguese, Punjabi, Russian, Spanish, Urdu and Vietnamese – ensuring each client gets help in the language they’re most comfortable with.

Full service and marketing to an audience of thousands of potential buyers.

Homebuyers and home sellers who work with Sam McDadi Real Estate Inc. get access to their full service, which takes care of every step of the process. Sellers work with a full-time marketing team that covers every base when it comes to advertising property: Free home evaluations, staging including furniture and accessories, pre home-inspections and reports, ads placed locally, nationally or internationally, full-time photographers/videographers, drone videos, floor plans and virtual tours, complimentary home cleaning and detailing services, storage, moving services, and access to lawyers, mortgage advisors and other important services.

On top of all of that, marketing includes having the property displayed on Sam McDadi’s social media channels where it is seen by McDadi’s 35,000+ followers. With such a wide audience and a range of effective marketing tools, clients typically have no problem selling their properties at a good price.

Seven office locations serving residents across the GTA.

Sam McDadi Real Estate Inc. has opened seven locations across the GTA to keep up with their growing success and clientele. With offices in north and south Mississauga, Toronto, Burlington, Oakville, Hamilton and Milton, most residents don’t have to go too far to find the office closest to them.

The brokerage was founded by real estate mogul Sam McDadi, who was raised in Mississauga. McDadi graduated with an honors Bachelor of Science degree in Finance at Nicholls State University in Louisiana, then enrolled at the University of South Carolina where he completed his Masters of Business Administration degree with honors.

When he returned to Canada, McDadi spent two years working as a financial analyst for two large multinational companies before realizing his true calling was in marketing and sales.

In addition to all his work in the real estate sector, McDadi and his team regularly give back to the community via charity events, donations to charity organizations, and supporting numerous local youth sports organizations and players.  Past events have included clean-ups at Mississauga parks and fundraisers to help provide funds to Ukraine.

Residents who need help buying or selling their property can contact McDadi 24/7 for a quick and easy consultation.

More info on everything related to Sam McDadi Real Estate Inc. is available at their website, Facebook, Twitter, and Instagram.



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Former B.C. Realtor has licence cancelled, $130K in penalties for role in mortgage fraud

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The provincial regulator responsible for policing B.C.’s real estate industry has ordered a former Realtor to pay $130,000 and cancelled her licence after determining that she committed a variety of professional misconduct.

Rashin Rohani surrendered her licence in December 2023, but the BC Financial Services Authority’s chief hearing officer Andrew Pendray determined that it should nevertheless be cancelled as a signal to other licensees that “repetitive participation in deceptive schemes” will result in “significant” punishment.

He also ordered her to pay a $40,000 administrative penalty and $90,000 in enforcement expenses. Pendray explained his rationale for the penalties in a sanctions decision issued on May 17. The decision was published on the BCFSA website Wednesday.

Rohani’s misconduct occurred over a period of several years, and came in two distinct flavours, according to the decision.

Pendray found she had submitted mortgage applications for five different properties that she either owned or was purchasing, providing falsified income information on each one.

Each of these applications was submitted using a person referred to in the decision as “Individual 1” as a mortgage broker. Individual 1 was not a registered mortgage broker and – by the later applications – Rohani either knew or ought to have known this was the case, according to the decision.

All of that constituted “conduct unbecoming” under B.C.’s Real Estate Services Act, Pendray concluded.

Separately, Rohani also referred six clients to Individual 1 when she knew or ought to have known he wasn’t a registered mortgage broker, and she received or anticipated receiving a referral fee from Individual 1 for doing so, according to the decision. Rohani did not disclose this financial interest in the referrals to her clients.

Pendray found all of that to constitute professional misconduct under the act.

‘Deceptive’ scheme

The penalties the chief hearing officer chose to impose for this behaviour were less severe than those sought by the BCFSA in the case, but more significant than those Rohani argued she should face.

Rohani submitted that the appropriate penalty for her conduct would be a six-month licence suspension or a $15,000 discipline penalty, plus $20,000 in enforcement expenses.

For its part, the BCFSA asked Pendray to cancel Rohani’s licence and impose a $100,000 discipline penalty plus more than $116,000 in enforcement expenses.

Pendray’s ultimate decision to cancel the licence and impose penalties and expenses totalling $130,000 reflected his assessment of the severity of Rohani’s misconduct.

Unlike other cases referenced by the parties in their submissions, Rohani’s misconduct was not limited to a single transaction involving falsified documents or a series of such transactions during a brief period of time, according to the decision.

“Rather, in this case Ms. Rohani repetitively, over the course of a number of years, elected to personally participate in a deceptive mortgage application scheme for her own benefit, and subsequently, arranged for her clients to participate in the same deceptive mortgage application scheme,” the decision reads.

Pendray further noted that, although Rohani had been licensed for “a significant period of time,” she had only completed a small handful of transactions, according to records from her brokerage.

There were just six transactions on which her brokerage recorded earnings for her between December 2015 and February 2020, according to the decision. Of those six, four were transactions that were found to have involved misconduct or conduct unbecoming.

“In sum, Ms. Rohani’s minimal participation in the real estate industry as a licensee has, for the majority of that minimal participation, involved her engaging in conduct unbecoming involving deceptive practices and professional misconduct,” the decision reads.

According to the decision, Rohani must pay the $40,000 discipline penalty within 90 days of the date it was issued.

 

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Should you wait to buy or sell your home?

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The Bank of Canada is expected to announce its key interest rate decision in less than two weeks. Last month, the bank lowered its key interest rate to 4.7 per cent, marking its first rate cut since March 2020.

CTV Morning Live asked Jason Pilon, broker of Record Pilon Group, whether now is the right time to buy or sell your home.

When it comes to the next interest rate announcement, Pilon says the bank might either lower it further, or just keep it as is.

“The best case scenario we’re seeing is obviously a quarter point. I think more just because of the job numbers that just came out, I think more people are just leading on the fact that they probably just gonna do it in September,” he said. “Either way, what we saw in June, didn’t make a big difference.”

Here are the pros of buying/ selling now:

Pilon suggests locking in the rate right now, if you don’t want to take a risk with interest rates going up in the future.

He says the environment is more predictable right now, noting that the home values are transparent, which is one of the benefits for home sellers.

“Do you want to risk looking at what that looks like down the road? Or do you want to have the comfort in knowing what your house is worth right now?” Pilon said.

And when it comes to buyers, he notes, the competition is not so fierce right now, noting that there are options to choose from.

“You’re in the driver seat right now,” he said while noting the benefits for buyers.

Here are the cons of buying/ selling now:

He says one of the cons would be locking in the rate right now, then seeing a rate cut in the future.

The competition could potentially become fierce, if the bank decides to cut the rate further more, he explained.

He notes that if that happens, the housing crisis will become even worse, as Canada is still dealing with low housing inventory.

An increase in competition would increase the prices of houses, he adds.

Selling or buying too quickly isn’t the best practice, he notes, suggesting that you should take your time and put some thought into it.

Despite all the pros and cons, Pilon says, real estate remains a good investment.

According to the latest Royal LePage House Price Survey for the second quarter of this year, the average home price in Canada is $824,300. That’s up 1.9 per cent from the same time last year, and up 1.5 per cent from the first quarter of 2024.

In the Ottawa Housing Market Report for June 2024, the average price of a home was up 2.4 per cent from this time last year to $686,535, but down 0.6 per cent from May 2024.

Experts believe many potential buyers are still hesitant of jumping into the housing market and waiting for another interest rate cut of 50 to 100 basis points.

“I don’t think it’s going to be the rush that we see in the past, because people are used to more of a conservative approach right now,” said Curtis Fillier, president of the Ottawa Real Estate Board. “I think there’s still a bit of a hold back, but I definitely do think with another rate cut, we’ll probably see a very positive fall market.”

With files from CTV News Ottawa’s Kimberly Fowler

 

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Real estate stocks soar to best day of year on rate cut bets

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(Bloomberg) — The stock market’s worst group notched its best day of the year as a cooler-than-expected inflation report stoked bets that the Federal Reserve will start cutting interest rates in September.

Shares of real estate companies jumped 2.7% Thursday for their biggest gain of 2024, climbing to their highest level since March as investors snapped up homebuilder, digital and commercial real estate stocks alike. Real estate also was the best-performing group in the S&P 500 Index Thursday, with volume that was around 30% higher than the 30-day average, according to data compiled by Bloomberg.

Arguably the most significant news to come from the latest consumer price index reading was a pullback in housing-related inflation. Shelter costs rose just 0.2% for the slowest monthly increase in three years. Homebuilders, which have risen 7.1% this year, were up 7.3% for the session, the most since 2022. Shares of D.R. Horton Inc., which is scheduled to report earnings next Thursday, gained 7.3%.

“Housing has really been the last shoe to drop in terms of winning the battle against high inflation,” Preston Caldwell, chief U.S. economist at Morningstar wrote in a note to clients Thursday. “Leading-edge data has strongly indicated for some time now that a fall in housing inflation was in the works.”

A rally in real estate stocks is bad news for short sellers who have been piling into the group, which is the worst performer in the S&P 500 this year. To start the week, short interest as a percentage of float hovered near 49% in the SPDR Homebuilders ETF, the highest level since February for the exchange-traded fund, according to data from S3 Partners.

Property owners are rallying as well. Real estate investment trusts, which were brutally penalized during the two-year run up in borrowing costs, advanced by as much as 3%. And the outlook for the group appears to have turned a corner, according Rich Hill, senior vice president and head of real estate strategy and research at Cohen & Steers Capital Management.

“We think this is a compelling backdrop for listed REITs especially as fundamental growth remains on solid footing,” he said, referencing the latest inflation data and rate outlook. “The rally that started in October of 2023 pushing returns more than 20% above their trough looks set to continue if inflation cools and interest rates continue to decline.”

Shares of industrial REIT Prologis Inc., which reports second-quarter results on Wednesday, rose 3.3% to hit their highest level since April. U.S. Treasury yields tumbled, with the 10-year bond falling to 4.2% and the policy-sensitive two-year note slipping to 4.5%.

(Updates indexes and stock prices for market close.)

 

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