The Agency expands into Outaouais region of Quebec

With the new location in Outaouais, the luxury brokerage continues to strengthen its reach across Canada. This marks The Agency’s 13th office located throughout the provinces of Quebec, Ontario, Alberta and British Columbia. Continue reading

OJO nets $200M via sale of Canadian operations, new debt raise

The company is selling its Canadian operations to Royal Bank of Canada, while also raising new funds from Vista Credit Partners. Continue reading

The Agency 2022 Red Paper: A softening, but still strong market

“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading

Want to buy a home in Canada? You’ll likely have to be Canadian

As of Jan. 1, homes in Canada can only be purchased by the nation’s citizens and a few other groups after a new law went into effect. The step’s a campaign promise of Prime Minister Justin Trudeau. Continue reading

‘This is the shift everybody has been predicting’: Agents at Connect Now

Matt Lionetti and Jason Cassity said during Inman Connect Now that on Thursday that the market shift has been fast and furious, and agents must start stepping up their games to survive. Continue reading

37% of real estate agents couldn’t pay rent in October

Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey. Continue reading

Oh Canada: Luxury market poised for continued normalization

“In the next half of the year, buyers are in a rare position to negotiate prices and deal terms,” a new Canadian luxury market report from Engel & Völkers stated. “Some homes will still command multiple offers, but they will be fewer in number.” Continue reading

From ballet to real estate: ‘Workin’ Moms’ star joins Engel & Völkers

Actor and Realtor Jessalyn Wanlim stars on the Netflix show “Workin’ Moms,” but she’s also been a practicing real estate agent in-between acting gigs since 2016. Continue reading

The Agency acquires Triplemint, raises $35M

The deal and funding come amid rapid expansion for Los Angeles-based The Agency. And the firm plans to use the new money to grow even more. Continue reading

The average Canadian home now costs double what it does in the US

Between 2020 and 2022 Canadian home prices have surged 30 percent — an increase described as “nothing short of stunning” by economist Robert Hogue in a report for the Royal Bank of Canada. Continue reading