In the News

  • The Globe and Mail - Jun. 30, 2021

    Toronto’s hot housing market calms as economy reopens, attentions shift to summer revelry

    John Lusink, president of Right at Home Realty Inc., says sales remain strong at the firm’s 12 branches throughout Ontario, but the pace is less frantic than it was in February and March.

    “I think fatigue has definitely set in to some extent,” he says. Typical competitions often saw 10 or 15 bidders vying for a property in the early months of 2021, he says. Now three to five buyers might submit bids on offer night in many places.

    But this summer may not be as slow as usual, he adds, because the province is just coming out of lockdown and some companies are starting to open up their offices. Prices may ease off from their meteoric rise, but he expects sales will continue to be strong.

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  • Canadian Real Estate Wealth Magazine - Jun. 29, 2021

    Here’s what to expect in the market this summer

    The GTA real estate market has been on fire for about a year now, but latent cooling signs that have emerged in the last couple of months should last through summer.

    “I don’t think we’re going to see a repeat of last year and part of that is because of the frantic pace we’ve seen since 2020,” said John Lusink, president of Right at Home Realty. “Some of the excess demand has probably been take out of the market, and from what I can see from our Right at Home stats, which I track daily, I see a decline of new incoming deals, which is very gradual but it’s there, and it signals a combination of what you see in the media about buyer fatigue and the new stress test. As people look forward to being able to do stuff, I think you’ll see a more moderate pace throughout the summer, not a repeat of last year.”

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  • Yahoo Finance Canada - Jun. 24, 2021

    What Canadians need to know about moving to the U.S. for more affordable real estate

    Like many real estate markets around the world, U.S. home prices have run up during the pandemic to the point of some saying it's in bubble territory.

    But the whole time and for years before, Canada has said "hold my beer" as prices rocket through the stratosphere in a number of major markets.

    The situation has gotten so bad for first-time buyers that many may have given up. Ontario is home to markets with the biggest recent run-ups. A survey by Right at Home Realty found 74 per cent of younger Ontarians aged 18 to 34 say they may never be able to afford a home where they currently live.

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  • Toronto Sun - Jun. 7, 2021

    Pandemic-driven exodus from cities ‘overstated’

    Though the dust has yet to settle on the full impacts of COVID-19 on the housing market, one survey suggests the mass exodus from cities to the suburbs and beyond is exaggerated

    “While the work-from-home outcome of the pandemic is undoubtedly impacting the housing market, we believe calls for a significant exodus from larger city centres and drastic shifts in the urban housing dynamic during and post pandemic are overstated,” says John Lusink, president of Right at Home Realty Inc.

    The future of work, of course, remains up in the air. Some employers expect their employees to work remotely at least part of the time once the pandemic ends, while others expect them to return fulltime to the office. Until those decisions are carved in stone, even people who’ve thought about moving out of the city to a smaller municipality are willing to staying put.

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  • Canadian Real Estate Wealth Magazine - Jun. 7, 2021

    74% of Ontarians 18-34 don’t think they can buy home: survey

    “Having worked in this industry for 35 years now, I have seen one group among the 18-34 age group able to get into the market, and that’s thanks to assistance from parents who are able to do it, and certainly low-interest rates don’t hurt, but you do have to have a good job,” said John Lusink, President of Right at Home Realty

    “It’s challenging all around. If it’s their first time purchasing, and with mortgage qualification rules tightening up yet again, it is discouraging and tough for young folks, so I empathize greatly with them.” Asked if easing mortgage qualification rules, including rescinding the 200 basis point stress altogether, for younger buyers might help them get a foothold in the housing market, Lusink noted that the rules exist for a reason, and as a parent himself he’s glad they do.

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  • Daily Hive Urbanized - Jun. 3, 2021

    Here’s how to become a luxury real estate agent in Toronto

    If you ever thought you’d be great at selling any one of Toronto’s many luxury properties (or just want a job where you can oogle jaw-dropping homes all day), then becoming a luxury real estate agent may be the thing for you. But getting into the luxury real estate game can seem difficult and confusing, especially for anyone with no experience in the field. So, Daily Hive asked Bryan Nunes, co-owner of ListingsTO and sales representative at Right at Home Realty, to share insights on how to break into the industry.

    “Your first year or two as a realtor will be focused on gaining experience as a new agent and networking with potential clients,” Nunes said. An agent who has opted to join a luxury real estate team can get paid a salary to help with administrative tasks while gaining experience. Nunes says this can range anywhere from $25,000 to $75,000. Another option is to work independently, the salary for which will be entirely dependent on sales. Nunes also notes that it’s important to keep in mind that luxury properties typically aren’t valued in the same cost-per-sq-ft way that average homes are.

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