Real Estate Management Industry News - Sep. 1, 2021
Realtors scrutinize proposed blind bidding ban
Unaffordable market is ultimately issue of supply and other causes many concur. Contrary to the popular belief, a ban wouldn’t necessarily equate to a cooler market, adds John Lusink, president of Right at Home Realty. As he says, blind binding doesn’t create or impact the housing demand that already exists.
Contrary to popular belief, a ban wouldn’t necessarily equate to a cooler market, adds John Lusink, president of Right at Home Realty. As he says, blind binding doesn’t create or impact the housing demand that already exists. In Canada, open auctions of properties are already available and real estate agents already have the means to conduct open bidding, says Lusink.
One-of-a-Kind Toronto Laneway House + Studio Sells for Record Amount
While it’s not unusual to stumble upon a great laneway house in Toronto, it’s rare to come across one that boasts an exceptionally spacious layout with ample garden space and exposure in a prime location.
Interestingly, the home sale ended up being the most expensive detached freehold ever sold in the c01 area on MLS, according to listing agent Paul Johnston, who is a salesperson for Right at Home Realty Inc.
“No other freehold properties have sold at this price in the c01 area, which encompasses downtown south of Bloor, west of Yonge, and east of Dufferin down to the water,” explained Johnston.
We Got to the Bottom of Adam Weir’s Absence from ‘Renovation Island’
Adam Weir was Bryan Baeumler’s project manager on Renovation Island (also known as Island of Bryan). As fans called out, Adam has not appeared on season 3 of the show. Bryan revealed that Adam is forging his own path in Canada. As a refresher, Adam had long been Bryan Baeumler’s project manager. In episode two of season three, however, it’s revealed that he’s no longer going to be part of the show — but the family has made sure to note that he’ll always be part of the Baeumler family.
Just because Adam is no longer working with the Baeumlers doesn’t mean he’s left the home space for good, though. As he revealed on Instagram in April, he’s now working as a real estate agent with Right at Home Realty, “the largest independent real estate brokerage in Canada.”
ShowingTime Adds 50 Team Members in Canada To Serve Its Growing Customer Base
"ShowingTime provides Right at Home Realty's members with management tools that enhance their productivity and allow them to quickly schedule and confirm showings, so they never missing a showing,” said Branch Manager Richard Weima, who himself has 48 years in residential real estate. “ShowingTime’s suite of features are easy to use and enable Right at Home Realty to streamline showing management. It has elevated our business.”
Right at Home Realty President John Lusink said they selected ShowingTime for its focus on technology and its all-in-one approach to handling showing management and agent/client communications.
Real Estate Professional - Jul. 21, 2021
How COVID-19 changed real estate forever
Real estate agents adapted to unprecedented circumstances in the immediate aftermath of the COVID-19 pandemic, credits one of Ontario’s largest brokerages.
Scott MacPherson, VP of professional development at Right at Home Realty in Toronto, says that in acclimatising so seamlessly, brokers and agents helped usher in changes that will permanently remain part of agents’ repertoires, particularly virtual tours, which consumers took to quickly.
“Real estate is honestly a person-to-person business and agents had to rely more on tools they weren’t using before. Once open houses got suspended, they went to virtual platforms and learned how to use software like Matterport,” said MacPherson.
Canadian Real Estate Wealth Magazine - Jul. 21, 2021
GTA condo rents declined in Q2 despite rising demand
Bidding wars for leases, commonplace in pre-pandemic Toronto, have returned to the city’s downtown core.
“If it’s a good unit and offered at a good price, you get multiple offers on the lease,” said Scott MacPherson, VP of Professional Development at Right at Home Realty. “We see it in the core of Toronto—a one-bedroom, 700 sq ft unit or a two-bedroom, which is hard to find, and close to amenities, get multiple offers.”
MacPherson added that Mississauga’s city centre condo cluster, as well as downtown Burlington, also see bidding wars for leases. Moreover, MacPherson says that as downtown Toronto becomes more vibrant by the day, many people who fled during the onset of the pandemic are seen to be returning.
- In the News