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Low Inventory a Challenge for Canada’s Luxury Real Estate Market
This article was reposted from The Calgary Herald, May 5, 2023, by Joel Schlesinger, Article Here
Calgary’s luxury sales are declining, yet the segment’s relative affordability in Calgary is generating steady interest.
Luxury remains relatively hot in Calgary’s resale real estate market compared with other major markets in Canada, a new report suggests.
Although activity in the $1 million-plus price range is not as high as it was last spring, the Top-Tier Real Estate: Spring 2023 State of Luxury report by Sotheby’s International Realty Canada points to Calgary’s luxury market being the healthiest among Canada’s largest cities
“Demand is certainly there,” Don Kottick, president and chief executive office of Sotheby’s International Realty Canada. “What’s holding it back really is the low number of properties coming on.”
Low inventory is a challenge in every major city from Vancouver to Montreal, particularly in the luxury markets, the report notes.
In fact, supply is even lower than last year when all resale markets were faced with unprecedented demand.
In part, the low inventory is a result of fewer sellers listing homes, Kottick adds.
While sales are down 64 per cent in the first three months of 2023 in Toronto, year over year, and 53 per cent in Vancouver in their luxury segments, Calgary’s high-end market has fared slightly better, down 36 per cent.
When compared with activity in the years before the pandemic, however, luxury market activity in Calgary so far this year is 223 per cent higher than the first quarter of 2020.
What’s more, activity remains far above the 10-year average sales activity for Calgary’s $1 million-plus market, the report adds.
“We may not be seeing more sales, but we are seeing the velocity (of sales) change with buyers’ time to make a decision shortening,” says Rachelle Starnes, a realtor with Coldwell Banker Complete Real Estate.
Driving the pace is low inventory among resales and even new homes.
In particular, prices in the new homes market for luxury are higher than they were before the pandemic as both material and labour costs have increased over the last year. At the same time, builders are also hampered by higher financing costs, Starnes adds.
The end result is less choice among both new builds and resales for luxury buyers.
While sales are down, demand in the Calgary market is still being driven by out-of-town buyers, mostly from Ontario, Kottick adds.
These are often buyers from the Greater Toronto Area where the average price of a home still exceeds $1 million. There, the luxury segment starts at $4 million, the Sotheby’s report notes.
In turn, buyers from Toronto who would have been looking in the mid-price ranges there may find themselves luxury buyers here, as the Sotheby’s report points out that Calgary’s luxury market starts at $1 million.
Yet Starnes cautions that threshold, after the last two years of strong activity, is now more like $1.5 million.
She adds that demand for acreage homes in the Rocky View and Foothills regions have fuelled price growth.
“Many of the luxury homes selling are in Springbank, Elbow Valley, Stonepine,” she says. “These communities are about eight minutes out of the city, so they are essentially like the suburbs.”
Sales for luxury homes — like other price ranges — is likely to see consistent growth in the coming months and years, Kottick forecasts.
This will largely be the result of ongoing low supply and anticipated demand growth in the face of federal government policy that aims to bring about 500,000 newcomers to Canada annually through to 2025.
“That means more people coming to Alberta, which means more buyers and more pressure on the inventory,” he says.
“But that’s not just a problem in Alberta; it’s a problem universal to Canada.”
Unleash Your Personality: 5 Tips to Infuse Authenticity into Your Home Design
Does your home feel like you, or does it feel like someone else designed your space?
It’s easy to get caught up in TikTok trends and new design ideas, but it is important to remember that our homes should be a reflection of ourselves.
If you’re struggling to find balance between following trends and being authentic, here are some tips!
Showcase Your Favourite Art
Art is one of the easiest home décor pieces that adds a personal touch to a space. Maybe you’re a world traveler and you collect a new piece of art every time you go somewhere. Or maybe you collect thrifted knickknacks. Whatever it is, showcase it throughout your home to add your personality and flair!
Highlight What You’re Passionate About
Are you a photographer? Do you have a plant obsession or do pottery as a hobby? Highlight these passions in your home! Create a gallery wall of some of your favourite photos. Add plants to every corner of your house. Display your pottery creations!
Paint!
Adding a fresh coat of paint, a feature wall or painting the ceiling can instantly add your personality to a space. Whether you opt for a bold accent wall or a subtle pop of colour, your unique style will make your space feel authentically you.
Only Buy Items That You Absolutely Love!
Sometimes we get tempted by sales and deals and end up buying items that we aren’t in love with, they’re just convenient. In the long run, it’s better to spend a bit of extra money on a piece that you actually love.
Be Creative and Confident!
Search for design inspiration outside of the internet. When you see a design style that you like or an item that you are drawn to- buy it! Trust your instincts and use items that you like to build your own unique style and design.
Information referenced from:
https://www.thespruce.com/how-to-make-your-home-feel-like-you-7094198
Trends for Commercial Real Estate in 2023
The real estate market and interest rates have been very hot topics over the last year. We have seen house prices rise and fall and inflation is the highest it has been since the 1980’s. While interest rates are still high, we have now witnessed the Bank of Canada hold the overnight rate for two consecutive announcements, but there are still many hurdles in the real estate world. Curious what will be trending in Commercial real estate in 2023? Let’s take a look!
The 3 areas that will have the biggest focus for 2023 are:
- Sustainability and focus on Environmental, Social and Governance (ESG)
- Supply issues and inflation
- Housing affordability crisis
Focus on Sustainability and Environmental, Social and Governance (ESG) Concerns
Focus on climate change and sustainable development has been trending for a while now as companies hope to achieve net-zero emissions in the coming years. It is imperative that companies and developers have an ESG plan as achieving net-zero emissions is the new standard. Having an ESG strategy will not only help companies to assure investors and employees that they are forward-looking and see the value in sustainability. It is common now for investors to demand to see a net-zero strategy before moving forward, as expectations toward ESG best practices are emerging. With higher interest rates, it’s not as easy for companies to gain capital as it was in previous years, which is why having a strong ESG strategy will be beneficial. Companies need investors in order to further development projects and having a focus on climate change and sustainability will give some companies an edge against their competitors.
Supply Issues and Inflation
In a time of uncertainty and rising costs, it is difficult to know when to take risks and when to play it safe. With interest rates still high and potentially climbing, along with the rising cost of building supplies, commercial real estate is being impacted. With building and material costs being on the rise, labour costs have also been making development projects much more expensive than they were in the past. Not only do developers need to take price increases into account, but they will also need to consider climate change and sustainability when choosing building materials. In fact, according to Statistics Canada, in the first quarter of 2022, construction costs were 12.8% higher than they were in the first quarter of 2021. As a result, some investors and developers are choosing to take a pause to allow inflation and the supply chain to readjust.
Housing Affordability
Higher interest rates and lack of supply have created a housing affordability crisis in Canada, which has caused Canadians to look at renting rather than buying homes. Higher rates and inflation have made it more difficult for Canadians to buy property and increased the costs associated with new construction. Across Canada, the average minimum income required to purchase a home now requires an additional $5,000 to $21,000, the amount varying by city.
As a result, we are seeing buyers continue to wait on the sidelines, causing the rental market and prices to inflate.
An opportunity that has been discussed is office building conversions. With the shift to working from home, there are plenty of office buildings that are either empty or at very low capacity, making these buildings great candidates for rental conversions.
What’s Next?
Government involvement and assistance along with developers creating strong ESG strategies will offer some relief in the short term. As the real estate market resets and recovers, we are going to need to see government solutions to help with the affordability crisis in Canada and lack of housing supply and if developers want to see money from investors, they are going to need to have net-zero strategies in mind.
Information referenced from:
https://www.loopnet.com/learn/what-to-expect-in-canadian-commercial-real-estate-in-2023/1725921854/
https://www.pwc.com/ca/en/industries/real-estate/emerging-trends-in-real-estate.html
https://dailyhive.com/canada/home-prices-in-canada-income-march-2023
What It Takes to Be a Successful Realtor
What skills do successful Realtor’s have?
- Communication skills
- Understanding of real estate
- Knowledge of your local market
- Time management skills
- Negotiation skills
- Marketing skills
Communication
Being able to communicate with your clients is the #1 key to being a successful Realtor. Whether it be a verbal conversation, a written document, or simply being able to actively listen to their requests or concerns, communication is extremely important.
Communcation skills can be broken down into 4 categories:
- Verbal Communcation: How you speak to your clients and the terminology you use will impact your level of verbal communication. Speak with confidence and avoid using technical or overly complicated language.
- Nonverbal Communication: Body language and eye contact are very effective forms of communication. It is key to ensure that your clients feel important and that you care.
- Active Listening: Listen to your clients will ensure that you understand your clients. Listen, ask questions, and repeat their answers so your clients feel that you understand.
- Written Communication: Being professional in all written communication is necessary in real estate.
Understanding of Real Estate
Similar to most other industries, keeping up with the latest trends and continuing to educate yourself will make you more confident and comfortable in your career. Utilize local or national news sources to keep up with the latest market updates.
Knowledge of Local Market
Local knowledge of the market makes all the difference in real estate. Your clients want to know the neighbourhood information including schools, taxes, public transportation, and more.
Time Management
A career in real estate offers plenty of flexibility but being able to manage your time effectively is imperative given the lack of structure. Scheduling showings, meeting with clients and any other day-to-day activities can be very sporadic and can often involve working on weekends or outside normal working hours.
Marketing
Being tech and social media savvy acts as an advantage in today’s real estate market. Using social media, personal websites and other digital assets are great ways to market your listings and you! Having a digital presence will help you get found and will show your clients that you truly are an expert in your field. Social media has been a huge advantage for individuals in not only real estate, but business in general. It has allowed people to build a business and generate income from the comfort of their home.
Do you have what it takes to be a successful Realtor?
Information referenced from:
https://www.theceshop.com/agent-essentials/real-estate-agent-encyclopedia/real-estate-skills
Things to do in Vancouver While You’re Here for Gen Blue Canada!
This spring, Coldwell Banker Canada will be bringing our blue pride to the beautiful city of Vancouver. Blessed with majestic mountains, the sparkling ocean, lush rainforests, and an array of notable attractions, Vancouver is one of Canada’s most desirable places to visit.
We have guests from across Canada flying in for this special event, and we want to make sure everyone makes the most of their visit! Whether this is your first time travelling to Vancouver or you’re a local looking for new adventures, we’ve curated a list of the best things to do in this bustling city.
Explore Stanley Park
Stanley Park is Vancouver’s largest and most adored park! This green oasis is located right along the Seawall and offers 400 hectares of luscious rainforest, kilometers of trails, stunning beaches, wildlife, delicious food, cultural landmarks, and unlimited scenic views of Vancouver’s beautiful landscape. Stanley Park offers something unique for everyone!
Visit the Richmond Night Market
The Richmond Night Market is the largest in North America and is the perfect spot to eat, play, and shop! With 70 food vendors and 100 retail stalls, you can fully indulge in this epic tradition. Feast on some of the most delicious Asian food while shopping for handmade, local merchandise.
Take an Aquabus to Granville Island
It comes as no surprise that Granville Island is a favorite spot for many visitors and locals alike! The Granville Island Public Market is a bustling hub of activity AND an important cultural district. The area is home to an endless number of restaurants and food stands, two breweries, a spirits distillery, and many theatres, workshops, and craft studios.
Cycle or Walk the Vancouver Seawall
The Seawall in Vancouver extends from the Vancouver convention Centre to the Spanish Banks Park, but the most popular section is the 10-km loop around Stanley Park. The Seawall caters to both walkers and cyclists so you can choose how would like to experience the lush greenery, the ocean views, and the freshest air around.
Tour Gastown
Gastown is located along the north of the downtown Vancouver peninsula and is the city’s oldest neighborhood. You’re going to want to explore this neighborhood by foot to admire the Victorian architecture, adorable boutiques, and unique galleries while enjoying some of the best food in the city!
Visit the Vancouver Aquarium
The Vancouver Aquarium is Canada’s very first public aquarium and contains the country’s only dedicated marine mammal facility. It is home to thousands of incredible ocean species and aquatic life and provides an educational, awe-inspiring experience for guests of all ages.
Take a Foodie Tour
Vancouver’s culinary scene is one of the most vibrant in Canada, offering a huge variety of quality cuisine. You can expect to find some of the finest restaurants in the world, superb street food, and everything in between. If you consider yourself a foodie, you should consider taking a Foodie Tour for a guided experience where you’ll get to try incredible food from multiple vendors!
Enjoy Live Music at The Commodore Ballroom
The Commodore Ballroom is an award-winning venue that has hosted some of the most legendary talent for the past 90 years, including KISS, David Bowie, the Tragically Hip, Lady Gaga, and so much more. Named one of the Top 10 Most Influential Clubs in North America and Vancouver’s favorite live venue, it’s definitely worth the visit!
Admire the Van Dusen Botanical Garden
If you consider yourself a nature lover, you’re going to want to check out the Van Dusen Botanical Garden, a 55-acre oasis in the heart of Vancouver. There are over 7,500 plant species and varieties from around the world to admire, and you’ll likely encounter some local wildlife as well. The garden features an Elizabethan hedge maze, a delicious care and restaurant, and a lovely garden themed gift shop!
Catch the Sunset at Kitsilano Beach
Vancouver’s mountain landscape make for some incredible sunsets. If you don’t believe me, then you should head over to Kitsilano Beach to see for yourself! Kitsilano Beach is one of the most popular beaches in Vancouver, offering panoramic views of downtown, Burrard Inlet, and the North Shore Mountains, making this the ideal spot to wind-down and enjoy a sunset.
Walk Across the Capilano Suspension Bridge
The 450-foot Capilano Suspension Bridge is a sight to see, surrounded by the rich rainforest, rushing river, and incredible views from every angle. The park also features towering platforms, 6 other suspension bridges and a thrilling cliff walk high above Capilano Canyon. There is tons of exploring to be had here, and if you’re lucky, you’ll even spot an eagle.
Go Whale Watching
With thousands of whales migrating through the ocean each year from March to October, Vancouver is one of the world’s best locations for whale watching. There are a number of tour operators offering whale watching expeditions from boats, kayaks, or seaplanes. You’ll have to opportunity to see humpback whale, orcas, gray whales, and even mini whales, so make sure to pack your binoculars! .
Information referenced from:
https://vancouver.ca/parks-recreation-culture/stanley-park.aspx
https://www.visitrichmondbc.com/things-to-do/night-market/
https://www.destinationvancouver.com/vancouver/neighbourhoods/granville-island/
https://vancouver.ca/parks-recreation-culture/seawall.aspx
https://vancouver.ca/parks-recreation-culture/stanley-park-seawall.aspx
https://www.destinationvancouver.com/vancouver/neighbourhoods/gastown/
http://www.commodoreballroom.com
https://vancouver.ca/parks-recreation-culture/vandusen-botanical-garden.aspx
https://www.capbridge.com/west-coast-experiences/
https://www.destinationvancouver.com/activities/whale-watching/
Welcome Coldwell Banker Star Real Estate!
COLDWELL BANKER STAR REAL ESTATE IS BORN FROM THE M&A OF TWO SUCCESSFUL COLDWELL BANKER CANADA BROKERAGES IN ONTARIO
Coldwell Banker Appleby Real Estate merges with Coldwell Banker At Success Realty as they re-brand to Coldwell Banker Star Real Estate, Brokerage, Which Now Has Offices in Grand Bend, Strathroy, Aylmer, and St. Thomas, Ontario.
(Grand Bend, ON – March 15, 2023) Coldwell Banker Canada is delighted to announce the merger & acquisition of two existing brokerages, Coldwell Banker Appleby Real Estate and Coldwell Banker At Success Realty, which will now be collectively known as Coldwell Banker Star Real Estate, Brokerage. Robin Tiller, previous owner of Appleby Real Estate and current owner of Star Real Estate, is thrilled with the M&A, and is ready to better serve the areas of Grand Bend, Strathroy, Aylmer, and St. Thomas.
Robin Tiller started her career in real estate with Coldwell Banker Canada in 2011, purchasing Appleby Real Estate in 2015. In 2022, she opened herself up to new opportunities as she was ready to expand her brokerage. At the same time, the previous owners of At Success Realty were looking for a change but wanted to ensure the new owner shared the same values, vision, and culture. Tiller met with the previous owners of At Success Realty a few times in the late fall of 2022 to confirm that this M&A was the right move. The process took approximately 6 months, as Appleby Real Estate re-branded to Star Real Estate, which then merged with At Success Realty on February 1, 2023.
Robin Tiller, who is the second-year director on her local board, LSTAR, and serves on various committees, including the Arbitration Committee, Discipline Committee, Interboard Relations Task Force, and Brokers Issues Advisory Group, has two goals for Star Real Estate in 2023: continuous improvement and culture enrichment.
“My first goal for 2023 is to focus on the current and future needs of the agents so they, in turn, can focus on their clients. It is important that clients experience a seamless transaction by knowledgeable professionals, competent in the latest technology. My second goal is related to culture. The Coldwell Banker Canada network has a strong pride in giving back to their communities. I hope to continue this tradition by encouraging involvement in our service areas and beyond. The Coldwell Banker Star agents have a long history of embracing the spirit of volunteering and community sponsorships, which should make this second goal easy for us. It is such a joy to work with such inspiring agents,” Tiller explains.
All four offices have a renewed sense of momentum, optimism, and plenty of fresh signs as we enter the spring market, and we couldn’t be more excited to see Star Real Estate continue to grow in the year ahead.
About Coldwell Banker Canada: Founded in 1906, the Coldwell Banker brand is the most established residential real estate franchise system in North America. Fast forward over 100 years and the Coldwell Banker network is one of the most trusted in the world, with a global presence across over 40 countries and territories worldwide. The Coldwell Banker brand made its way to Canada in 1989 and has since gained a legacy of serving the real estate needs of Canadians from coast to coast for over 30 years. Since being acquired in 2021 by Canadian entrepreneurs Steve Houle and Karim Kennedy, the company strives to grow the brand’s presence on a national level. Coldwell Banker Canada is ready to make their mark in the Canadian Real Estate Market and transform the industry along the way.
For further information about Coldwell Banker Canada, please contact:
Summer Scott
Coldwell Banker Canada
Direct line: (780) 619-0664
summer.scott@coldwellbanker.ca
For further information about Coldwell Banker Star Real Estate, please contact:
Robin Tiller
Coldwell Banker Star Real Estate, Brokerage, Owner/Broker of Record
(226) 973-5596
info@robintillerproperties.com
6 Things to Consider When Choosing a Realtor
Choosing the right realtor can be stressful and overwhelming, but it is important to work with a realtor that shares your goals and mindset when it comes to buying or selling your home.
Here are 6 things to consider when trying to find the right realtor for you!
1. Knowledgeable about local market
Having an agent who is knowledgeable about their local market will be beneficial whether you’re buying or selling. They might know some selling tips for your current neighbourhood or be able to advise you on your upcoming neighbourhood.
2. Experience
Knowledge is usually tied to experience, but what’s really important is the number of transactions. A realtor with less experience might have more transactions than a realtor with more experience.
3. Commission
If you’re selling your home, the commission you pay your realtor is negotiable, however, a lower commission might mean less services. So, if you’re looking for a realtor that offers professional services like photography, videography and staging, it will come at a price.
4. Compatibility
You want to trust your realtor and feel comfortable around them. Whether you’re buying or selling a home, it’s a big commitment, so you should be on the same page and have a good relationship.
5. Commitment
You want a realtor that is committed to you and your home buying or selling needs. This means being available to answer your questions and concerns, while also making time to show you new homes and bring buyers to your current home.
6. Marketing
Marketing is what attracts buyers, so your realtor should be able to market your property using professional photography and an alluring listing description. Check out other listings that they have on the market to determine if their marketing skills meet your standards. In today’s market, having an online presence is absolutely necessary, so ensure that the realtor that you choose is utilizing social platforms and other online advertising tools.
In terms of finding a realtor, ask your family and friends for referrals, check out ads and do some online research about the agent. Active listings can also tell you a lot about an agent by showing you what types of homes they currently represent and how long they have been on the market.
Information referenced from:
How Canada’s Foreign Buyer Ban is Impacting the Commercial Real Estate Sector
January 1 marked the beginning of the Prohibition of the Purchase of Residential Property by Non-Canadians Act, a temporary ban to prevent investors from purchasing Canadian homes for two years. According to the Fall Economic Statement released by the Canadian Government in November 2022, the ban “is about curbing speculation and ensuring that houses are used as homes for Canadians to live in– and not used as financial assets for foreign investors.”
What started as an attempt to make housing more affordable for Canadians is now creating uncertainty surrounding the commercial real estate market. The Act now prohibits a broad range of commercial transactions and is forcing commercial projects to be put in hold.
How Canada’s Foreign Buyer Ban Might Prohibit your Commercial Transaction
The Prohibition on the Purchase of Residential Property by Non-Canadians Regulations states who is a “non-Canadian”, what constitutes a “residential property”, and what is a “purchase”, and it appears that the Act does in fact bar a range of commercial transactions.
First, a “residential property” is not limited to homes. According to the Regulations, it includes any land, vacant or developed, that does not contain any habitual dwelling, that is zoned for residential or mixed use, and is located within a census agglomeration or a census metropolitan area. This could include commercial assets, such as office buildings, shopping centres, industrial buildings, and farmland that meet the above criteria.
Second, the Regulations consider the “purchase” of residential real estate to include the direct or indirect acquisition of any legal or equitable interest (with some exceptions), meaning that the acquisition of a lease or mortgage in a residential property by non-Canadians could be barred. Since this applies to direct and indirect purchases, the ban may catch share purchases and asset purchases as well.
Lastly, the Regulations suggest that even a minor element of foreign ownership/control (3% or more) can result in a corporation/entity to be considered “non-Canadian”, even if it would ordinarily be thought of as being Canadian.
How Canada’s Foreign Buyer Ban is Forcing Commercial Projects to be Put on Hold
The Prohibition on the Purchase of Residential Property by Non-Canadians Act has inadvertently put a halt on many commercial projects. According to Kevin Lee, head of the Canadian Home Builders’ Association, hundreds of commercial real estate transactions have scuttled so far, with deals falling through daily.
The issue stems from the broad scope of the Regulations discussed in the above sections. Because of all three of those definitions, many commercial real estate deals have been cancelled or are on hold even though they have nothing to do with residential housing.
What Now?
Until more clarification is provided by the government, real estate professionals in the commercial sector should remain extra cautious with their transactions.
Breaching the Act is considered a criminal offence and those who violate it can be fined up to $10,000, so agents should exercise a heightened degree of caution and consider additional due diligence while we await further clarification from the government.
Information referenced from:
https://www.dentons.com/en/insights/articles/2023/february/7/does-canadas-new-foreign-buyer-ban
Welcoming Coldwell Banker Elite Realty to the CB Family!
COLDWELL BANKER CANADA CONTINUES TO GROW, ANNOUNCING THE OPENING OF THEIR THIRD NEW FRANCHISE THIS YEAR, COLDWELL BANKER ELITE REALTY!
Jay Gajjar opens new brokerage, Coldwell Banker Elite Realty, in Manitoba, to better serve the city of Winnipeg and surrounding areas.
(Winnipeg, MB – March 1, 2023) Coldwell Banker Canada is excited to announce the opening of their third new franchise this year, Coldwell Banker Elite Realty. Owner and Broker of Record for Coldwell Banker Elite Realty, Jay Gajjar, who has been in the industry since 2015, is thrilled to be taking this next step in his career. Gajjar specializes in new home sales and will be continuing to sell in Winnipeg and surrounding areas while he recruits new agents and sets up his new office, which is located at 5-172 St Anne’s Road.
Jay Gajjar has been in real estate from the young age of 19, has been a top-producing agent since 2018, and is now one of the youngest Brokers in Winnipeg. During his time as a real estate professional, his focus has been in the residential market, specifically as a new home sales representative for one of the largest builders in Winnipeg. As a strong critical thinker and influential leader, Gajjar knew it was time to open his own brokerage with Coldwell Banker Canada.
“I truly see and believe the vision Coldwell Banker Canada has for the future of their company. Their modern thinking will be revolutionary, and I want to be a part of it. The services they offer are unmatched, the environment they’ve created is warm and welcoming, their corporate team is extremely helpful, and the technology they offer to their network is truly exceptional.” – Jay Gajjar
Jay Gajjar’s initial goal for Elite Realty is to build a team of top-producing agents who he will work hard to train and support. He envisions his brokerage to be diverse and open to anyone willing to go that extra mile and intends to create a positive environment for all his agents. Gajjar believes anyone can be a top-producing agent with the right tools and guidance.
Kim Carmichael, Vice President of Franchise Development, is delighted for the opening of Coldwell Banker Elite Realty. “We’re most excited to bring on an expert in the Winnipeg market. Jay brings an ethical, motivating, and innovative knowledge of real estate to the CB Group. His ultimate level of service and mentorship programs will be a huge impact on his team’s success.” – Kim Carmichael
The sky is the limit for Jay Gajjar, who is extremely eager and motivated to grow his business.
About Coldwell Banker Canada: Founded in 1906, the Coldwell Banker brand is the most established residential real estate franchise system in North America. Fast forward over 100 years and the Coldwell Banker network is one of the most trusted in the world, with a global presence across over 40 countries and territories worldwide. The Coldwell Banker brand made its way to Canada in 1989 and has since gained a legacy of serving the real estate needs of Canadians from coast to coast for over 30 years. Since being acquired in 2021 by Canadian entrepreneurs Steve Houle and Karim Kennedy, the company strives to grow the brand’s presence on a national level. Coldwell Banker Canada is ready to make their mark in the Canadian Real Estate Market and transform the industry along the way.
For further information about Coldwell Banker Canada, please contact:
Summer Scott
Coldwell Banker Canada
Direct line: (780) 619-0664
summer.scott@coldwellbanker.ca
For further information about Coldwell Banker Elite Realty, please contact:
Jay Gajjar
Coldwell Banker Elite Realty, Owner/Broker of Record
(204) 952-5255
204sold@gmail.com
Coldwell Banker Essential Realty Celebrates 20 Years
Coldwell Banker Essential Realty celebrates their 20-year anniversary!
President & Broker of Record, Owen Crampsie
We are so excited to congratulate Coldwell Banker Essential Realty on celebrating their 20-year anniversary this February! This is a huge accomplishment and a very exciting milestone for Owen and his team, along with all of us at Coldwell Banker Canada. Paul Abbott and Hashim Arthur from our corporate team had the pleasure of attending the celebration and congratulating Owen and his team on this great success. This milestone along with a newly renovated office, has Coldwell Banker Essential Realty feeling a re-energized sense of pride in the Coldwell Banker Brand. Essential Realty has received the Premier Office Award multiple times, along with the Premier Office Gold Award. Owen believes that this type of growth and strength is all thanks to the quality work that is achieved by his exceptional team of Realtors.
“Very excited to be celebrating the 20-year Anniversary of our Brokerage, Coldwell Banker Essential Realty. I have been a Realtor for 28 years and my entire tenure as a Broker/Owner has been with Coldwell Banker. There have been many very high highs and some very low lows, but I have never regretted aligning myself and my office with the Coldwell Banker brand. For over 20 years now Coldwell Banker has been proven to be the highest character, highest integrity brand in the Real Estate business, and I plan to be part of it for years to come.”- Owen Crampsie
We wish Owen and his team at Coldwell Banker Essential Realty the utmost success and look forward to celebrating many more milestones!
