Sergio El-Azzi: From Runways to Real Estate in an Impressive Rebrand - Storeys | Canada News Media
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Sergio El-Azzi: From Runways to Real Estate in an Impressive Rebrand – Storeys

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When Sergio El-Azzi announced he had joined elite real estate brokerage Cohen Homes & Estates a year ago, he did so with an editorial-worthy photo that looked like it was straight from a luxury magazine cover.

The over-the-top photoshoot was snapped by famed celebrity photographer George Pimentel and features a sprawling Bridle Path mansion as the backdrop. Front and centre is an (always) impeccably dressed El-Azzi, alongside his heavy-hitting real estate colleagues Barry and Justin Cohen.

The shoot seemed only fitting for El-Azzi, who had become a well-known fixture in the global fashion and society worlds for nearly a decade as an award-winning editor, content creator, and marketer. No stranger to the spotlight, El-Azzi also appeared on The Real Housewives of Toronto

Fashion started as a hobby when the Toronto native was just 18 years old. “Most people get fake IDs so they can party; I got mine so I could get into fashion shows,” he says of his long-time passion for the fashion world. Still, it was something he saw as “just for fun” at the time. 

But, as the years went on, El-Azzi started to carve out an inevitable business for himself in the fashion industry — one that would prove to be exceptionally lucrative. “I started to get bigger and bigger clients that wanted to work with me for promotions and brand expansions,” says El-Azzi. “I got to work directly with some of the top CEOs, vice presidents, and heads of companies — from LVMH to Versace and Cavalli. I was kind of on top of the world.”

After eight years in the industry, El-Azzi’s world was rocked when the pandemic hit. He “lost everything” and went into survival mode. As he points out, fashion was already struggling before the pandemic.  “Add a pandemic to that and it shifted everything,” says El-Azzi. Now, the already fragile industry was virtually at a standstill.

So, El-Azzi turned to a longtime passion and quietly put his head down to focus on getting his real estate license. It was the first step to reinventing himself in a new career. At the time, El-Azzi told only a handful of close friends. “I wanted to do it without other people’s opinions getting in the way,” he says. “I felt like many people saw me as this fashion character out and about at events…but I did want to change my life and be taken more seriously in business.” 

Once licensed, he got the coveted gig with big shot luxury Toronto realtor Barry Cohen — whose brokerage has facilitated some $6B in real estate transactions — through “some great connections” he had made along the way in the fashion world. And then came the big splashy announcement, which (not surprisingly) was a hit on social media. 

“With me, if I am doing something, I am going to do it big;  I didn’t want to do a typical announcement,” said El-Azzi. “I wanted to incorporate some of my fashion connections and make it as glam as possible. Real estate is a very serious industry — you’re working with people’s biggest assets and impacting major life choices — but it’s also a very glamorous industry when you’re selling these multi-million dollar houses. So, I wanted to incorporate both of my worlds with the shoot.”

Photo: George Pimentel

Of course, El-Azzi isn’t the only one to get his real estate license during the pandemic. The red-hot market made the profession more appealing than ever. But it’s also a lot more competitive than it’s ever been; new realtors need to stand out in a sea of others. 

“There are thousands of realtors in Toronto; you need to differentiate yourself and think outside the box with branding,” says El-Azzi. “For example, maybe you’re really strong with numbers and are able to show all of your transaction history, or maybe you’re really good with social media.” When it comes to branding, he advises to start by focusing on your strengths and working on your weaknesses along the way.

“Through fashion I was able to find ways to stick out from the crowd and kind of make myself into my own brand,” says El-Azzi. “That was useful getting into real estate, because I think outside of the box and don’t do what the average person would necessarily do.”

After the big announcement, El-Azzi hit the ground running, soaking up all the could about the industry. Although he says it was a bit of a change to go from “this big, loud, fashion persona” to being “a little more professional” (not to mention, starting his career in a climate of lockdowns), El-Azzi quickly realized that there were many skills that transferred over from fashion to real estate — including (but certainly not limited to) being a natural in front of the camera in videos promoting his brokerage.

“Both fashion and real estate are careers that require a lot of work and time and energy,” says El-Azzi. “People see the final product and what you’ve accomplished but they don’t realize all of the leg work and time — from countless emails to brainstorming — that goes on behind the scenes. So, I sort of had those habits from fashion because I was doing it all on my own. Leading up to New York Fashion Week, I would send about 400 emails pitching myself and following up. With real estate, you’re also constantly pitching yourself; why should someone work with you compared to another person?”

As El-Azzi highlights, the fashion industry also has a lot of interconnecting clients with real estate — especially in the luxury space. “A lot of CEOS and financiers or their spouses are involved in the charity circuit, are at these fashion shows, or shopping at these boutiques and your network crosses over,” he says. “The people who have the money to buy a $50,000 handbag are going to be living in multi-million-dollar homes.”

High-profile connections or not, after one year in the business, El-Azzi says it’s clear that you get what you give. “If you’re not putting your entire self into it, you’re not going to see results,” he says, underscoring the importance of being passionate about the job. “A lot of people don’t make it past the first few years because they realize it’s not for them; you need to be passionate about it,” he adds.

El-Azzi cites a partnership with Forbes Global Properties as a milestone when it comes to global recognition for the Barry Cohen brand. He also highlights how the brokerage currently has the Mean Girls house listed for a cool $27M. “It’s one of the most iconic homes in pop culture,” he says of the sprawling home of central character Regina George. 

While El-Azzi is most interested in luxury real estate, he’s not limited to it. He’s done transactions that aren’t luxury and even started to dip his toes into the commercial space. “I find mansions, estates, and penthouses super interesting,” says El-Azzi. “But at the end of the day, real estate is so much bigger than that; there are so many little pockets and windows and cool things you can learn about.” 

As for fashion, it’s still a big part of who El-Azzi is as a person — rebrand or not. “Fashion will obviously be part of my identity,” says El-Azzi. “I like to think of fashion as my hobby and real estate as my career.”

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Two Quebec real estate brokers suspended for using fake bids to drive up prices

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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.

The Canadian Press. All rights reserved.

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Montreal home sales, prices rise in August: real estate board

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MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.

The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.

The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.

The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.

QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.

Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.

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

The Canadian Press. All rights reserved.

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Canada’s Best Cities for Renters in 2024: A Comprehensive Analysis

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In the quest to find cities where renters can enjoy the best of all worlds, a recent study analyzed 24 metrics across three key categories—Housing & Economy, Quality of Life, and Community. The study ranked the 100 largest cities in Canada to determine which ones offer the most to their renters.

Here are the top 10 cities that emerged as the best for renters in 2024:

St. John’s, NL

St. John’s, Newfoundland and Labrador, stand out as the top city for renters in Canada for 2024. Known for its vibrant cultural scene, stunning natural beauty, and welcoming community, St. John’s offers an exceptional quality of life. The city boasts affordable housing, a robust economy, and low unemployment rates, making it an attractive option for those seeking a balanced and enriching living experience. Its rich history, picturesque harbour, and dynamic arts scene further enhance its appeal, ensuring that renters can enjoy both comfort and excitement in this charming coastal city.

 

Sherbrooke, QC

Sherbrooke, Quebec, emerges as a leading city for renters in Canada for 2024, offering a blend of affordability and quality of life. Nestled in the heart of the Eastern Townships, Sherbrooke is known for its picturesque landscapes, vibrant cultural scene, and strong community spirit. The city provides affordable rental options, low living costs, and a thriving local economy, making it an ideal destination for those seeking both comfort and economic stability. With its rich history, numerous parks, and dynamic arts and education sectors, Sherbrooke presents an inviting environment for renters looking for a well-rounded lifestyle.

 

Québec City, QC

Québec City, the capital of Quebec, stands out as a premier destination for renters in Canada for 2024. Known for its rich history, stunning architecture, and vibrant cultural heritage, this city offers an exceptional quality of life. Renters benefit from affordable housing, excellent public services, and a robust economy. The city’s charming streets, historic sites, and diverse culinary scene provide a unique living experience. With top-notch education institutions, numerous parks, and a strong sense of community, Québec City is an ideal choice for those seeking a dynamic and fulfilling lifestyle.

Trois-Rivières, QC

Trois-Rivières, nestled between Montreal and Quebec City, emerges as a top choice for renters in Canada. This historic city, known for its picturesque riverside views and rich cultural scene, offers an appealing blend of affordability and quality of life. Renters in Trois-Rivières enjoy reasonable housing costs, a low unemployment rate, and a vibrant community atmosphere. The city’s well-preserved historic sites, bustling arts community, and excellent educational institutions make it an attractive destination for those seeking a balanced and enriching lifestyle.

Saguenay, QC

Saguenay, located in the stunning Saguenay–Lac-Saint-Jean region of Quebec, is a prime destination for renters seeking affordable living amidst breathtaking natural beauty. Known for its picturesque fjords and vibrant cultural scene, Saguenay offers residents a high quality of life with lower housing costs compared to major urban centers. The city boasts a strong sense of community, excellent recreational opportunities, and a growing economy. For those looking to combine affordability with a rich cultural and natural environment, Saguenay stands out as an ideal choice.

Granby, QC

Granby, nestled in the heart of Quebec’s Eastern Townships, offers renters a delightful blend of small-town charm and ample opportunities. Known for its beautiful parks, vibrant cultural scene, and family-friendly environment, Granby provides an exceptional quality of life. The city’s affordable housing market and strong sense of community make it an attractive option for those seeking a peaceful yet dynamic place to live. With its renowned zoo, bustling downtown, and numerous outdoor activities, Granby is a hidden gem that caters to a diverse range of lifestyles.

Fredericton, NB

Fredericton, the capital city of New Brunswick, offers renters a harmonious blend of historical charm and modern amenities. Known for its vibrant arts scene, beautiful riverfront, and welcoming community, Fredericton provides an excellent quality of life. The city boasts affordable housing options, scenic parks, and a strong educational presence with institutions like the University of New Brunswick. Its rich cultural heritage, coupled with a thriving local economy, makes Fredericton an attractive destination for those seeking a balanced and fulfilling lifestyle.

Saint John, NB

Saint John, New Brunswick’s largest city, is a coastal gem known for its stunning waterfront and rich heritage. Nestled on the Bay of Fundy, it offers renters an affordable cost of living with a unique blend of historic architecture and modern conveniences. The city’s vibrant uptown area is bustling with shops, restaurants, and cultural attractions, while its scenic parks and outdoor spaces provide ample opportunities for recreation. Saint John’s strong sense of community and economic growth make it an inviting place for those looking to enjoy both urban and natural beauty.

 

Saint-Hyacinthe, QC

Saint-Hyacinthe, located in the Montérégie region of Quebec, is a vibrant city known for its strong agricultural roots and innovative spirit. Often referred to as the “Agricultural Technopolis,” it is home to numerous research centers and educational institutions. Renters in Saint-Hyacinthe benefit from a high quality of life with access to excellent local amenities, including parks, cultural events, and a thriving local food scene. The city’s affordable housing and close-knit community atmosphere make it an attractive option for those seeking a balanced and enriching lifestyle.

Lévis, QC

Lévis, located on the southern shore of the St. Lawrence River across from Quebec City, offers a unique blend of historical charm and modern conveniences. Known for its picturesque views and well-preserved heritage sites, Lévis is a city where history meets contemporary living. Residents enjoy a high quality of life with excellent public services, green spaces, and cultural activities. The city’s affordable housing options and strong sense of community make it a desirable place for renters looking for both tranquility and easy access to urban amenities.

This category looked at factors such as average rent, housing costs, rental availability, and unemployment rates. Québec stood out with 10 cities ranking at the top, demonstrating strong economic stability and affordable housing options, which are critical for renters looking for cost-effective living conditions.

Québec again led the pack in this category, with five cities in the top 10. Ontario followed closely with three cities. British Columbia excelled in walkability, with four cities achieving the highest walk scores, while Caledon topped the list for its extensive green spaces. These factors contribute significantly to the overall quality of life, making these cities attractive for renters.

Victoria, BC, emerged as the leader in this category due to its rich array of restaurants, museums, and educational institutions, offering a vibrant community life. St. John’s, NL, and Vancouver, BC, also ranked highly. Québec City, QC, and Lévis, QC, scored the highest in life satisfaction, reflecting a strong sense of community and well-being. Additionally, Saskatoon, SK, and Oshawa, ON, were noted for having residents with lower stress levels.

For a comprehensive view of the rankings and detailed interactive visuals, you can visit the full study by Point2Homes.

While no city can provide a perfect living experience for every renter, the cities highlighted in this study come remarkably close by excelling in key areas such as housing affordability, quality of life, and community engagement. These findings offer valuable insights for renters seeking the best places to live in Canada in 2024.

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