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Are you looking to build a career in a field that allows you the liberty to experiment and be your own boss? Do you enjoy being competitive, facing challenges, and using tactical strategies to develop solutions? If you said yes, the real estate industry is ideal for you to build a satisfying career.

As a top property management company that provides bespoke real estate services to customers in Lower Mainland, British Columbia, we continually expand our team by recruiting more real estate agents for our firm.

While many of us can't wait to say “buh bye” to 2020 there's no doubt the pandemic, and how the property management industry has had to adapt to ensure business growth and tenant safety, has altered what’s ahead in 2021. If you are looking to get ready for the upcoming year, here are 10 key trends we expect to see in the near future for property management companies: 1. The Customer is King The key to revenue is superior customers service. It helps tenants stay longer and delivers noticeable value to owners. Throughout the pandemic, management operations have had to shift how…

Eight months and counting, the Fraser Valley has set yet another record for monthly home sales in April, beating a streak previously set during the boom times of 2015-16. But there seems to be a new calmness in a real estate market that has recently been so hot that it’s drawn the worried attention of bank economists, credit analysts and national policy-makers. “We are still seeing multiple-offers situations, but instead, for example, of 10 to 20 ​offers, it’s sometimes only two or more offers that come in,” said John Corrie of Abbotsford, who’s been a real estate agent since 1967. There’s also been a slight…

It’s status quo on the country’s list of most expensive cities to rent. Despite seeing its rental prices drop, Vancouver still ranks No. 1, with Toronto a close second. The rental rates there and in many other cities have fallen, following from pandemic changes many residents made to their lifestyles. According to rental search site PadMapper.com’s March rent report for Canada, prices in Toronto and Vancouver as of March 2021 have hit four-year lows. Vancouver’s one-bedroom rent was at $1,900, down 13.6 per cent year over year, a low it hasn’t been at since March 2017, while Toronto’s one-bedroom rent was at $1,750,…

As open houses and presentation centers reopen with COVID-19 safety measures, developers wonder how the pandemic lockdown might affect the features that homebuyers look for and how the economic fallout will hit the real estate market. Benchmark housing prices released by the real estate industry held firm, and even nudged slightly higher, in May compared to a year earlier. But at least one major bank has joined Canada Mortgage Housing Corporation in predicting there will be price drops to come. “Pre-virus, a good chunk of the market buying condos were mom-and-pop investors.” Now, with the collapse of the short-term rental market and stalled immigration, there…

  But the pandemic and the subsequent ban on short-term rentals has led to such a sharp decline in the number of Airbnb bookings in major urban centres that those furnished units have migrated to the long-term rental market, according to data obtained by the Post from various condo rental sites and a real estate analytics company. “The 2020 numbers are for the first 12 days of June. The 2019 numbers are for the entire month of June 2019. So, as you can see, there has been an explosion of listings (on the long-term rental market) in the first 12 days this year…

The economic uncertainty surrounding COVID-19 has contributed to contradictory estimates of future housing prices and sales. Leading the bears is the Canada Mortgage Housing Corporation (CMHC), projecting average housing prices to fall by nine to 18 per cent. Others, including economists at the Canadian Real Estate Association (CREA), are not convinced prices will fall as steeply as the CMHC projects. Many homebuyers and sellers have been left perplexed by these conflicting forecasts — much can go wrong if they rely on the wrong estimates in their buy and sell decisions. Will real estate prices plunge? That may depend on the sellers Regardless of…

How long has it been since we began hearing these words every day: COVID-19, coronavirus, pandemic? How long before we try to forget them? Who knows – it could be awhile. But the new words will probably change us – change the way we live, play and work, and will possibly bring a more massive digital transformation closer to home sooner than predicted. Take housing, renting, and all that’s associated with the search, the transactions and the move. Post-COVID-19 could bring about some changes to enhance the process, making it more efficient, easier and maybe even more enjoyable. People are searching for rentals again,…

Given the rapid spread of COVID-19 throughout the country, and the lack of a suitable cure or vaccine to fight the pandemic, our safest option is to

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The financial situation of every rental property is as different as a fingerprint. Every operator applies their level of experience, understanding, operating sophistication and personal values of what’s most important to them in owning and operating a rental property. Therefore, the numbers below can only very roughly approximate the breakdown of costs of owning and operating a rental property. Nevertheless, the overarching conclusion, regardless of what numbers you use, is that the net profit from a rental property is much less than tenants, media and the government believe, and it’s these same entities who collectively think residential landlords are rich and…

I’m Vince Eidsness, proud owner of Sutton Group Showplace Realty.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

Thanks for stopping by our blog. If you’re looking for more information about Sutton Group Showplace Realty, you’ve come to the right place.

The reasons why people have to buy or sell is still the same now as it was before the COVID-19 virus hit but the process has changed. Perhaps a buyer bought earlier this year and now needs to sell, or a seller sold their home within the last 60 days and now needs to buy. Flattening the curve, however, means that there are no more open houses, no or limited in-person showings and definitely no sealing the deal with a handshake. Here are four creative and technologically advanced ways to showcase a home. Virtual tours: There are a few ways to go about…

I often hear “it’s not like the old days” when a person’s word was as good as an ironclad written contract. Unfortunately, Health Quest Inc. v. Arizona Heat Inc. reminds us that the “good old days” are far behind us. The case provides several important lessons about the dangers of miscommunication and not putting everything into a lease, despite written emails and good intentions. Health Quest (HQ), the tenant, leased a unit for its business from the landlord, Arizona Heat (AH).  As Justice Donald H. Burrage succinctly described, “In the lease, AH agreed to use its ‘best efforts’ to have the premises ready for…

Can you imagine running your real estate business without the internet or your smart phone? How about no emails, social media or search engines? Many of us also rely on the conveniences of the Internet of Things (IoT) such as Alexa, robotic vacuums or Nest thermostats, which allow us to control things remotely. Welcome to the world of proptech (property + technology), which is loosely described by some experts as the shift in mentality fuelled by these technological innovations. Others say it refers to the startups and new digital technologies themselves. I think it encompasses both. More importantly, I predict we are at…

Vancouver has fewer vacant properties and the mayor is crediting the city’s empty homes tax. Figures show the number of vacant homes declared in the city last year dropped by almost 15 per cent from 2018 and 30 per cent from 2017, the first year of the program. Mayor Kennedy Stewart says the tax is working and it shows that more homes are being returned to the rental market. Stewart says the city would like to see even more homes available and that’s why it’s increasing the tax to 1.25 per cent of assessed taxable value this year. The largest percentage of empty homes…

https://youtu.be/sF7YXhxLJxE Tenants in Metro Vancouver looking for housing specifically built as rentals faced tight vacancy and skyrocketing rents in 2019, according to an annual survey by the Canada Mortgage and Housing Corporation. But, there was one notable change to the region’s rental housing market that the CMHC is hoping to research in greater detail. For the first time since the CMHC has tracked this information, the number of long-term rental condos added, at 11,118, exceeded the number of new condo units added, at 9,142. It means a number of existing units that were either being occupied, left empty or used as short-term rentals were…