Tag: estate

2 real estate agents fired over their ‘you could do worse’ ad campaign double down on their brand

A pair of real estate agents in London, Ont., who were fired from a realty firm for taking their advertising campaign, “You could do worse,” to billboards and social media have doubled down on their mantra.

Tristan Squire-Smith, 42, and Johnny Hewerdine, 43, were fired in December from a real estate business they don’t want to publicly name, but were quickly snapped up by the Realty Firm. CBC News has seen a copy of their termination letter, which cites “professional differences.”

We might not be for everybody, but the people who like us, really love us.– Tristan Squire-Smith, real estate agent

“They fired us for excessively using the phrase, ‘You could do worse,'” said Hewerdine, a Realty Firm broker who previously worked as an electrician. ‘We just stuck with it and actually doubled down on it, and now it’s just completely taken off.”

The mantra is polarizing, Hewerdine admitted.

… Read More Continue reading

March Reflects Victoria Real Estate Consumer Confidence

GRADEN SOL

VICTORIA – A total of 590 properties sold in the Victoria Real Estate Board region this March, 29.2 per cent fewer than the 833 properties sold in March 2022 but a 28.3 per cent increase from February 2023. Sales of condominiums were down 29.4 per cent from March 2022 with 197 units sold. Sales of single-family homes decreased 31.8 per cent from March 2022 with 281 sold.

“We’ve seen our sales numbers this month almost double from January,” said Victoria Real Estate Board Chair Graden Sol. “As we move further into spring, we expect that the return to confidence we’ve seen in the market will continue. What we can’t predict is what the overall impact on pricing will be if we continue to see quite low inventory across our community. Some pockets of our market are busier than others – by working with your realtor you can

… Read More Continue reading

BC Sees Lowest Industrial Real Estate Absorption in Nearly a Decade

In the past half-decade or so, the industrial real estate market in BC has been increasingly defined by the high demand and low supply of such space, which makes what occurred in Q1 that much more notable: Vancouver just saw the lowest amount of industrial space absorbed in nearly a decade.

According to a Q1 2023 national report published by Colliers last week, 710,000 sq. ft of new supply was added to the market in Q1, but just 36,116 sq. ft of that was absorbed, which the real estate services firm says is the lowest in nearly 10 years. Accordingly, the industrial vacancy rate more than doubled compared to Q4 2022.

It must be noted, however, that although the vacancy rate tripled from 0.2% to 0.6%, Vancouver still has one of the lowest vacancies in Canada, second only to Victoria and Toronto, which both had rates of 0.4% (up from

… Read More Continue reading

Morguard Real Estate Investment Trust 2023 First Quarter Results Conference Call

MISSISSAUGA, ON, March 30, 2023 /CNW/ – Morguard Real Estate Investment Trust (the “Trust”) (TSX: MRT.UN), expects to announce its financial results for the first quarter ended March 31, 2023 and 2022 on Wednesday, April 26, 2023.

The Trust invites you to participate in a conference call on Thursday, April 27, 2023 at 4:00 p.m. (ET).  An overview of the Trust’s results will be provided by Andrew Tamlin, CFO.  A question and answer session will then follow.

To participate in the conference call, please dial 416-764-8688 or 1-888-390-0546.  Please quote conference ID 98285742.  To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3yuvDsd to receive an instant automated call back.

For those unable to participate, a taped replay will be available after the completion of the call from 7:00 p.m. (ET) until midnight on May 27,

… Read More Continue reading