As interest rates increase and mortgage rules shut some would-be buyers out of the housing market, there are less real estate leads available for business. But there are still the same number of real estate sales professionals — and perhaps even more. So, with more people going after less business, how can you stay competitive?...

January 14, 2019
When it comes to determining property valuation, many of today’s real estate professionals are turning to online tools. It makes sense. Online property value technology is faster and more convenient than a full appraisal. (Note: online property valuation is a nice complement to an appraisal but shouldn’t replace an appraisal entirely.) Depending on the information...

January 14, 2019
JANUARY 14, 2018 Home prices trended down in the second half of 2018 The Teranet–National Bank National Composite House Price IndexTM for December was down 0.3% from the previous month.[1] It was the third consecutive monthly retreat. The component indexes were down for seven of the 11 metropolitan markets surveyed: Edmonton (−1.4%), Vancouver (−1.2%), Winnipeg (−0.9%), Calgary (−0.6%),...

Good news for those who have resolved to buy a house in 2019: the Bank of Canada overnight rate is staying the same for now. On January 9, 2019, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% (the rate set in October of 2018) for the time being....

2019 is right around the corner. A new year means a new approach — especially for property searches. We’ve written about how the Canadian real estate market is in a state of flux. And that’s likely to continue in 2019. This means you need to evaluate the methods you’re using in your real estate business...

December 19, 2018
MediaCorp Canada Inc. recognizes Teranet for its exceptional workplace culture Teranet has been named one of Greater Toronto’s Top Employers for 2019! MediaCorp Canada Inc. holds an annual competition to recognize the best places to work in the Greater Toronto Area — and Teranet’s was deemed one of the top employers. See the reasons why...

It can be a real estate agent’s nightmare. You’ve taken the time to arrange a great deal for your client who is selling their home… but then they can’t pay you the commission. Suddenly, you’re out money and time. You could take the client to court to try to recoup the costs, but again that...

DECEMBER 12, 2018 Home price indexes down in November in all markets except Quebec City, Halifax and Victoria In November the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] A November decline is not the norm – this was only the fourth in 20 years of index history. It was the...

Happy Holidays from GeoWarehouse

Author: GeoWarehouse
December 10, 2018
Happy holidays from all of us at GeoWarehouse! We hope you have a fantastic holiday season with family and loved ones and a prosperous new year....

The Bank of Canada interest rate is staying at 1.75% for the remainder of 2018. On December 5, 2018, the Bank of Canada (BOC) announced that it would hold the overnight rate at the amount set on October 24, 2018 of 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%. In...

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