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Toronto's Real Estate Industry Unites for a Breezy Brokerage Launch – Storeys

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Written By
Erin Nicole Davis

The who’s who of Toronto’s pre-construction real estate scene united in celebration at the Lake House at Budweiser Stage on July 25 for a high-profile brokerage launch.

Brokers, developers, and real estate marketers — many of them old friends and long-time industry colleagues — were in their finest form for the breezy brokerage launch party for Pivot Real Estate Group in collaboration with the launch EMT Consulting Inc. 

With the former helmed by celebrated brokers Louis Nguyễn and Rose Ha Le and the latter founded by industry veteran Elliott Taube, the two new companies are giving Toronto’s real estate industry something to talk about. Since its launch just over a month ago, Pivot Real Estate Group has already become a major player in the pre-construction condo world. 

brokerage launch

With the backdrop of Toronto’s skyline and the shoreline of Lake Ontario, the new members-only venue felt decidedly special — an appropriate one for the occasion.

“If you’ve ever done business with Elliott, Louis, or Rose over the years, you know they sell some of the absolute greatest real estate in the city,” said Danny Roth, publisher of STOREYS, when welcoming the crowd. “If Elliott is involved, it’s the place to be. We’re here tonight to celebrate the best of the best.”

brokerage launch
Danny Roth, Publisher of STOREYS

Taube has made a name for himself in Toronto’s real estate marketing industry over the years. While he’s no stranger to industry events, this was the most meaningful for him. 

“I’ve been so fortunate over the years to host many great real estate events, but tonight is so special because we are here to celebrate a collaboration that was years — decades — in the making,” said Taube. “I am so pleased to share this moment with everyone because this night wouldn’t have happened without you. The main reason we are here is because of the partnerships we have formed over the years as we continue to build this amazing city that sits so proudly behind us.” 

brokerage launch
Elliott Taube

Taube documented his start into real estate — back at a time “without computers and when interest rates were double digit” and he was doubling a bartender — and how a girl who would one day become his wife suggested he try selling new homes after re-sale didn’t exactly go well for him. “This was the best advice I ever took,” he says of his now-wife Tracy’s words of wisdom. 

Taube’s career in the pre-construction condo world saw him move from a sales rep to management to vice president and to president, working on some of the Greater Toronto Area’s most important and most iconic projects. 

In what he calls the final stage of his career, Taube said he is looking forward to continuing to work with “the best in the business,” but under a new identity and new company banner. Taube will advise Pivot Realty Group and its clients through EMT Consulting. 

“Pivot is an old company, but with a long history and has already become one of the largest sales and marketing companies in the city,” said Taube on a call with STOREYS. “This is the result of the continued collaboration of decades of experience of work in the field.”

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Louis Nguyễn

When addressing the crowd at the launch, Pivot’s Louis Nguyễn expressed his gratitude for having signed over 10 well-known Canadian developers in their first 30-days of business. “And for potential clients in the room, we still have more capacity,” he said, half-jokingly.

He describes the “key success” of Pivot as something that has stemmed from the fact that the entire Pivot Realty Group senior executive team started from the bottom and worked their respective ways up Toronto’s ever-competitive real estate ladder. 

“We understand what our sales staff needs, what our co-op agents need, what our head office needs, what our developer needs, and — most importantly — what our buyer needs and that’s how we’ve been successful in delivering these services to you,” said Nguyễn. 

brokerage launch
Rose Ha Le

The high-energy brokerage launch left guests well-fed, inspired, and excited for the future of real estate and city-building in the GTA. 

Written By
Erin Nicole Davis

Erin Nicole Davis is a born and raised Toronto writer with a passion for the city and its urban affairs and culture.

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Real estate markets slow in most nearby communities – Calgary Herald

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Slowing demand and rising supply in outlying communities like Airdrie have set in along with cooler temperatures of late summer, recent data shows.

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Calgary Real Estate Board statistics from last month show sales falling year over year in most communities while supply is rising.

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“In all those markets, we’ve seen improvements in inventory,” says Ann-Marie Lurie, chief economist with CREB.
“Still these markets remain quite tight, but we are seeing some price adjustments and that’s because they came up so high during the pandemic.”

Airdrie is the largest and most in-demand market with the highest sales last month, 169 transactions, down almost eight per cent year over year. Still, the community saw inventory rise more than 10 per cent with now more than 1.69 months of supply, an increase of nearly 20 per cent from last year.

Other communities have also seen sales fall and supply rise. These include Cochrane, which had 75 sales, down about 17 per cent from August last year. Its supply is now more than two months, up about 26 per cent year over year.
Okotoks had 53 sales in August, down about 19 per cent year over year while supply grew to more than 1.8 months.

Despite falling demand and growing supply, prices still grew year over year in these communities. The benchmark price in Airdrie increased almost 19 per cent to $493,500. In Cochrane, the benchmark price grew by more than 16 per cent to $517,400 while the benchmark reached $549,300 in Okotoks, also an increase of more than 16 per cent.

Chestermere saw the biggest drop in sales year over year at more than 48 per cent.

Only High River experienced a slight increase in activity with sales last month up 2.5 per cent versus the same span last year.

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Spotlight: Making sense of the current real estate market in Newmarket – NewmarketToday.ca

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Buying a home at any time is a huge undertaking. It requires a lot of preparation, time and access to expertise.

Homeowners—and those who wish to become one for the first time—have it even harder right now, with conditions seeming to change from month to month.

REALTOR® Dave Starr specializes in home buying and selling in Newmarket and the surrounding areas. With over 35 years of experience in the real estate industry, he is happy to share what he’s learned with others.

Slowing things down

So how would he describe the current state of the market in Newmarket? “It’s finally more normal and realistic,” he says. “A prospective buyer has a little more breathing room to make sure that their financing is in place and they can also consider a home inspection.”

A seller will benefit by working with a more seasoned agent, he says, because they have had prior experience with similar markets. He likens the situation to a professional athlete who has played in the playoffs before or competed in a large-scale event like the Masters in golf.

Earlier in the year, the market was not realistic.

That tended to leave buyers, sellers and agents scrambling. “The end result can be a situation with buyer’s remorse, where the buyer no longer wants to close on their purchase. The banks sometimes struggle with appraisals, which can also result in a non-closure,” he says. “In the fast-paced market that took place earlier, some agents potentially made more mistakes, especially since they weren’t experienced enough to handle multiple offers.”

Home inspections and interest rates

While some homes may not require a home inspection, there are lots that definitely need one. “In an extremely busy market, buyers could potentially end up with an unwanted surprise—at a great expense,” says the REALTOR®.

He likens it to the necessity of having speed limits on our roadways. The faster you go, the more chances you have of getting into an accident.

“We are now facing an increased mortgage rate, which many would not like to see, but the truth is it will help balance the market overall. Lower interest rates basically were one of the reasons for the inflated house prices and homeowners were simply taking on larger mortgages than ever,” he says.

For years many homeowners would tell him the same thing: that mortgage money was cheap to them. His answer to that never varied: “You do know you have to pay it back at some point.” If the rate were guaranteed for a lifetime, it would be a different story, but of course that’s not the way it works.

The market over the summer was slower but typical; that has become the norm over the past few years.

The fall market is already starting to pick up, with increased activity, though the number of listings in Newmarket is quite low. Rental availability is both quite expensive and experiencing a shortage.

Says Starr, “The market moving forward should remain stable. Buyers and sellers will have more time to make the best educated decision for their needs and wants.”

Whether you’re a buyer or a seller, he welcomes any calls or emails.

Let Dave Starr Real Estate help you make your next move. Call 416-520-3231 and get the Starr treatment you deserve.

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Commercial Real Estate Sector Faces Risks as Financial Conditions Tighten – International Monetary Fund

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Commercial Real Estate Sector Faces Risks as Financial Conditions Tighten  International Monetary Fund



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