Blog by Andrew Peck

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Can we compete? Just ask Colby Sambrotto

Can we compete? Just ask Colby Sambrotto, owner of www.forsalebyowner.com

For the past month, I’ve been thinking a lot about Competition.

Our profession faces some very tough competition from a variety of sources, including online FSBO websites. What this means is that we need to continually:

  • re-invent ourselves;
  • be as consumer-centric as possible; and
  • help property buyers and sellers understand what we bring to the table that can benefit them – including our extensive skills and knowledge, our experience, and our professionalism.

This works.

When property buyers and sellers understand the complexity of buying and selling property, they seek us out and use our services.

Just ask Colby Sambrotto, founder and chief operating officer of ForSalebyOwner.com.

Sambrotto spent six months attempting to sell his Manhattan condominium through ForSalebyOwner.com and classified ads. He couldn’t do it.

In the end, he used the services of a professional REALTOR® according to this report in the Wall Street Journal.

Is there good news for 2012?

Residential property sales across Canada are forecast to reach 451,200 units, a 0.5% decline compared to 2011.

Sales Activity Chart

In BC, 80,000 homes are forecast to change hands in 2012, an increase of 4 per cent over the 77,000 2011 home sales.

“A number of factors will keep Canada’s housing market in check as interest rates remain low,” said Gregory Klump, CREA’s Chief Economist.

“These include tightened mortgage regulations and high household debt levels, together with slower economic and job growth. Positive, employment levels and income growth in Canada should remain supportive for the housing market.”

Q3 Average Price Forecast

Q3 Average Price Forecast

Q3 Sales Activity Forecast

Q3 Sales Activity Forecast

Is our housing market at risk?

May 31st, 2017
Is our housing market at risk? Today, the International Monetary Fund reported that Canadian households are highly indebted and housing affordability, particularly in Vancouver and Toron...Click here to read more detail about 'Is our housing market at risk?'

Moving towards a National Housing Strategy

May 1st, 2017
Moving towards a National Housing Strategy The Canadian Real Estate Association and its member real estate boards and associations across Canada have long advocated for better access to ...Click here to read more detail about 'Moving towards a National Housing Strategy'

What are the key challenges we face as a profession?

February 18th, 2016
What are the key challenges we face as a profession? If someone were to ask me what one characteristic Realtors® share, I'd say - adaptability.  Take a minute and think about i...Click here to read more detail about 'What are the key challenges we face as a profession?'

Will a luxury or speculation tax create more affordable housing?

February 2nd, 2016
Will a luxury or speculation tax create more affordable housing? In the last month, both the Mayor of Vancouver and economists from the University of British Columbia and Simon Fraser Un...Click here to read more detail about 'Will a luxury or speculation tax create more affordable housing?'