Saturday, Oct 05, 2019
Volume 28 Number 40
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The Number of Realtors Declined in 2018 for the first time since 2008 VANCOUVER, B.C.: Data compiled by Roomvu, a Vancouver-based real estate marketing and analytics firm, that shows that the number of realtors in the Greater Vancouver area nearly doubled from 2000 to 2017. Roomvu’s team of data scientists, in collaboration with UBC Sauder School of Business, showed that there were nearly 7,000 realtors operating in Metro Vancouver in the year 2000. Seventeen years later, that
number had jumped to 13,000, with numbers increasing each year apart from a small decrease in 2008. Sam Merhbod, CEO of Roomvu and Ph.D. researchers at UBC, said that this increase, though staggering, seems to correlate with Vancouver’s every-hot housing market. “Cities like Vancouver, where housing is expensive, have a higher number of realtors than cities like Halifax, for example,” explained Sam
Merhrbod, CEO of Roomvu, and a realtor in the Greater Vancouver Area. “As home prices go up, so does the financial incentive to take advantage of higher commission prices.” However, despite the dramatic increase, the years 2018 and 2019 (so far) we have actually seen a decrease in the number of agents for the first time since 2008 and only the second and third time this century. The entire article based on
the research, for your publishing consideration, can be found here: The Number of Realtors Declined in 2018 for the first time since 2008. Sam Merhbod and his team are available for interviews to add further insight to these and many other Vancouver housing-market trends. In Roomvu’s subsequent article, we found that in Ottawa there is 1 realtor for every 496 citizens, whereas, in Langley, there is 1 for every 6.
Should You “High Ball” Your Listing Price? Manufacturers Of Quality Cabinetry “Celebrating 30 years in Business” Sohan Singh Bhogal
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One of the most important decisions you make when selling your home is setting the listing price. It can be tricky. After all, if you price your property too low, you leave money on the table - perhaps thousands of dollars. On the other hand, if you price your home too high, many buyers won’t even bother to view it because they believe it is too expensive. Even with that reality, there are some sellers who contem-
plate setting a high listing price in the hopes of a windfall. They want some unsuspecting buyer to fall in love with the home and buy it - even though it’s overpriced.
That rarely, if ever, happens. Instead, the listing often languishes on the market because its listing price is conspicuously much higher than its market value. Think about it. If two similar homes, side-by-side, are for sale, and one is priced $40,000 higher than the other, wouldn’t you wonder what was going
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