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Broker License Change

 

Effective today, May 30, 2017 RECA has confirmed the registration of John Carter as your Broker.

"I'm very excited to serve you, and proud to represent such an amazing group of people. We are top performers, leading the industry in all we do.

I'm proud to support you in your business and personal growth. I'm passionate about helping you achieve your goals, with you helping others reach their's in turn. Everybody Wins! "

 

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We are proud of the contributions all of our Associates make to the greater Edmonton community that we sell real estate in and live. This year in 2015, we raised over $102,000 for Children's Miracle Network and the Stollery Children's Hospital here in our city. They do tremendous work and several of our REALTORs have had direct experience with the hospital with their children or loved ones. 

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PRESS RELEASE

(Thursday, October 15, 2015)  Edmonton, AB - Shami Sandhu, Broker/Owner of RE/MAX River City is pleased to announce the merger of RE/MAX Real Estate Beaumont with RE/MAX River City.  

RE/MAX Real Estate Beaumont has recently merged with RE/MAX River City to provide better service and faster sales to the community. RE/MAX River City is one of the top performing brokers in the city, totaling almost seven percent of all Edmonton residential home sales. “As one company, that’s very close to all of Century 21, so we’re a very strong organization,” said broker Shami Sandhu. “We bring a lot of traditional values, but at the same time, we’re on the forefront of technology and marketing.”

The Brokerage started 25 years ago in their location on Saskatchewan Drive on the south side of Edmonton’s River Valley. From there, the group has expanded into the south side of the city, Sandhu said. “Two years ago an opportunity came up for us to purchase the South Edmonton office on Calgary Trail just north of 23 Avenue,” Sandhu said. “There were some great synergies, and it was a great advantage for our Associates to have two locations to work out of.” After witnessing Beaumont’s expanding market and the success of the REALTORS in the RE/MAX Real Estate Beaumont office, Sandhu decided Beaumont would be the perfect market to enter into.

RE/MAX is the largest real estate agency in Edmonton, having almost 43 percent of the total market share with only 25 percent of the agents. Their Associates on average sell approximately 24 homes per year, compared to the regional average of 7. The reason for their success is the training and advanced marketing programs, Sandhu said. “RE/MAX has a great marketing program both as an organization and what’s available to the individual Associate and that just helps them get their homes sold faster, and attract more clients.” With the merger, Sandhu is promising to bring their Associates diverse experience along with their new marketing and sales tools that they have available in Edmonton.

Aside from selling homes, RE/MAX is also a part of the community. RE/MAX River City alone contributed $110,000 to local charities, including the Stollery Children’s Hospital in Edmonton in 2014. Internationally, RE/MAX Real Estate Beaumont is a major supporter of Children’s Miracle Network. “We believe that corporations play very important role in community development,” Sandhu said. “In the Edmonton area, we’re very active with the Stollery Children’s Hospital, and we’ll do the same from this office.”

RE/MAX River City is one of Edmonton’s premier real estate brokerages, serving the greater Edmonton area since 1990. With three locations (one central on Saskatchewan Drive, south Edmonton and Beaumont) and over 130 REALTORS, we provide services for those buying, selling or investing in residential real estate, as well as commercial property transactions.

-          End        -

 

For further information/comments/photos:

Contact Shami Sandhu, Broker/Owner – RE/MAX River City at 780-439-7000 or email here...

www.RiverCityRealEstate.ca or www.JoinRiverCity.ca

For Edmonton real estate industry updates, market news, reports and other valuable information:

Twitter: https://twitter.com/remaxrivercity
Facebook: https://www.facebook.com/remaxrivercity.edm
Youtube: https://www.youtube.com/user/remaxrivercity
Google+: https://plus.google.com/+REMAXRiverCityEdmonton/about
Linkedin: http://ow.ly/Rd6oy

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For immediate release

REALTOR Reviews by validated third party provider – RankMyAgent.com

PRESS RELEASE

(Monday, September 14, 2015)  Edmonton, AB - Shami Sandhu, Broker/Owner of RE/MAX River City is pleased to announce REALTOR Reviews by validated third party provider – RankMyAgent.com.  

In conjunction with RE/MAX of Western Canada’s partnership with RankyMyAgent.com (article), RE/MAX River City is amongst the first in Edmonton to adopt an independent third party online review site to allow their real estate clients to provide feedback and review their experience with their REALTOR.

As with many other popular online review sites such as YELP, Google, and Facebook, consumers are relying on these types of rating systems more to make a decision about which company they would like to do business with. This is most common for restaurants or other day to day retail establishments. For other home services the most successful site in Edmonton is HomeStars. But until now, this has not existed for reviewing REALTORS in a commonly used and easily searchable platform.

Since it was launched in July, RE/MAX River City REALTORS had an average rating of 4.91 out of 5 on 50 reviews. This is the most reviews of any other REMAX brokerage in Edmonton and continues to grow daily. In 2015 to date, our REALTORS have completed over 2300 real estate transactions on behalf of their clients with total sales volume of over $730 Million. 

“We are excited about the opportunity for clients to more easily provide feedback on their experiences working with our quality REALTORS. We actively request this feedback from every real estate client, and are hoping this will help the public in their search for the best REALTOR to help them with their real estate needs.” said Shami Sandhu.

See the latest reviews here:

Website - http://rivercityrealestate.ca/agents.html

Facebook - http://bit.ly/1hu2qE9


RE/MAX River City is one of Edmonton’s premier real estate brokerages, serving the greater Edmonton area since 1990. With two locations (one central on Saskatchewan Drive and one south Edmonton) and over 130 REALTORS, we provide services for those buying, selling or investing in residential real estate, as well as commercial property transactions.

-          End        -

 

For further information/comments/photos:

Contact Shami Sandhu, Broker/Owner – RE/MAX River City at 780-439-7000 or media@rivercityrealestate.ca

www.RiverCityRealEstate.ca or www.JoinRiverCity.ca

 

For Edmonton real estate industry updates, market news, reports and other valuable information:

Twitter: https://twitter.com/remaxrivercity

Facebook: https://www.facebook.com/remaxrivercity.edm

Youtube: https://www.youtube.com/user/remaxrivercity

Google+: https://plus.google.com/+REMAXRiverCityEdmonton/about

Linkedin: http://ow.ly/Rd6oy

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2015 Elevate & Awards Event

RE/MAX River City – February 26, 2015 at the Royal Glenora Club, Edmonton, Alberta.

#RRCAwards

 

FEATURED GUEST SPEAKER

Brad Ferguson from Edmonton Economic Development Corporation
Twitter: @EEDC_BRAD 

Brad spoke about the economy in Edmonton moving forward from 2014 through 2017 outlook. He started his presentation with this exceptional promotional video. We are excited to be a part of Edmonton's phenominal growth and properous future.

Visit www.eedc.ca or www.edmonton.com/buildithere for more.

Build it here | www.edmonton.com from Edmonton Economic Development on Vimeo.

 

TRIP ON 10 CONTEST WINNER – Taylor Hack, won the $1500 travel voucher!

With the addition of 22 new Associates at RE/MAX River City in 2014, we appreciate and recognize those Associates that have referred Realtors they thought would be a good fit for River City. As a growing team, we continue to provide the best level of professional service to all our real estate clients.  

 

CMN/Stollery Contributions – Top 5 for 2014

Not only did all of these Realtors also earn other sales awards, but they did so by doing good in the community and being the top five who contributed to the annual total of $93,292.00 raised by all RE/MAX River City Associates in 2014. This contributed to the over $2 Million through all RE/MAX Western Canada Realtors. The official cheques presentation was done with Stacey Johnson, Director, CMN & Senior Development Officer

#1 Sara Kalke

#2 Ricky Hill

#3 Ryan Dutka

#4 Brenda King

#5 Kerri-Lyn Holland & Jason Holland (Tied)

 

SALES AWARDS

See all the photos from the event here: www.facebook.com/remaxrivercity.edm

 

RE/MAX River City Awards

Spirit of River City – Taylor Hack

Rookie of the Year – John Taggart


Top 5 Individual Transactions

#1  Ricky Hill

#2  Christy Cantera

#3  Sara Kalke

#4  Sukhi Randhawa

#5  Jeff Golka

 

Top 5 Team Transactions

#1  Ryan Dutka

#2  Jessie McCracken & Sara Jones

#3  Kerri-Lyn & Jason Holland

#4 Christopher Albanese

#5 Curtis Singh

 

Top 5 Commercial Transactions

#1  Sukhi Randhawa

#2  Wayne Paradis

#3  Jeff Golka

#4  Jeff Michaud

#5  Dan Breier

 

Top 30 Individual Associates

For individual commission earned in 2014 based on firm date.

  1. Ryan Dutka
  2. Ricky Hill
  3. Sukhi Randhawa
  4. Jessie McCraken
  5. Sara Jones
  6. Sara Kalke
  7. Robin Hage
  8. Taylor Hack
  9. Loida Lumanlan
  10. Curtis Singh
  11. Glen Ewanchuk
  12. Kerri-lyn Holland
  13. Jeffrey Scott
  14. Jason Holland
  15. Rhonda Navtratil
  16. Jakie Ng
  17. Chris Hedstrom
  18. Jeff Golka
  19. Christy Cantera
  20. Carolyn Knispel
  21. Kim Stubbs
  22. Bev O’Shea-Thomas
  23. Timothy Regnier
  24. Mark Malcolm
  25. Jesse Loader
  26. Graham Ogden
  27. Robert Biddlecombe
  28. Sharon Ryan
  29. Sarah Leib
  30. Tyler Ellis

 

MILESTONES HIT IN 2014

 

5 Years with RE/MAX

  • Christy Cantera
  • Sara Kalke
  • Carter Masse
  • Allison McDougall
  • Tim Regnier
  • Kalan Savill
  • Trevor Wilson

10 Years with RE/MAX

  • Kelly Grant
  • Jeff Michaud
  • Dave Pon

15 Years with RE/MAX

  • Anu Khullar (include photo)
  • Loida Lumanlan (include photo)

20 Years with RE/MAX

  • Jim Erickson  (include photo)
  • Dan Weiss (include photo)

 

RE/MAX Career Awards

 

RE/MAX Hall of Fame - $1 Million in total commissions

  • Cheryl Bobbie
  • Chris Broadhurst
  • Tyler Ellis
  • Ricky Hill
  • Sara Kalke
  • Anu Khullar
  • Jakie Ng
  • Angie Resendes
  • Sharon Ryan
  • Kim Stubbs

See all the photos from the event here: www.facebook.com/remaxrivercity.edm 

 

THANK YOU TO OUR SPONSORS

TD Commercial

Specialized Benefits

TD Residential Mortgages

Jackie, Handerek, & Forester

Sheppard Insurance

KRP Accounting

Mortgage Tailors

McGlashan & Mackinnon

To continued success in 2015... we'll see you all next year!

 

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"Many in our industry measure their success by agent count, marketshare and sales volume. In business you are taught to focus on these points. We are truly excited to be named the #1 Contributor in Edmonton and #3 Contributor in all of Western Canada to Children's Miracle Network Hospitals! This is a reflection on the commitment of our Associates and Staff to give back to the community through Stollery Children's Hospital Foundation."

   - Shami Sandhu, Broker/Owner

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RE/MAX River City Broker/Owner Earns Regional Award

Shami Sandhu Recognized as Broker/Owner of the Year for RE/MAX of Western Canada

 Edmonton, AB February 2012 – RE/MAX of Western Canada presented Shami Sandhu, with the Broker/Owner of the Year Award for the RE/MAX of Western Canada at last week’s annual conference. This prestigious award recognizes outstanding Broker/Owner(s) who demonstrate extraordinary commitment and loyalty to their RE/MAX Associates, employees and clients.

 Shami acquired his RE/MAX brokerage in March 2008 and since that time has proven to be a great leader, mentor and business owner, growing his brokerage over the years, and expanding the presence of RE/MAX throughout the Edmonton area.  As an advocate for continuing education, community service, and nurturing an amazing corporate culture, this young Broker sets a great example for others in his profession.  “Shami is a valued and trusted member of the RE/MAX network and demonstrates daily why he deserves this distinguished recognition,” said Elton Ash, Regional Executive Vice-President. “We’re proud to have Shami as a member of our region and we look forward to the future of RE/MAX River City under the leadership of Shami.

 Shami was selected from a number of RE/MAX Broker/Owners in RE/MAX of Western Canada and he is one of a select few across the country, out of the entire RE/MAX network, to be given the Broker/Owner of the Year Award.

 In addition to this year’s Broker/Owner of the Year Award, Shami has also achieved the Community Service Award in 2010.

 RE/MAX is Canada’s leading real estate organization with over 18,700 Sales Associates in 700 independently-owned offices. The RE/MAX franchise network is a global real estate system operating in over 80 countries.  More than 6,200 independently-owned offices engage over 87,000 member Sales Associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral and asset management. For more information visit: http://www.remax-western.ca/         

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The customers have spoken!

I'm pleased to announce that buyers and sellers realize what we have always known, RE/MAX agents are the ones that consumers trust most when it comes to navigating a sometimes challenging real estate market. In the 2011 J.D. Power and Associates Home Buyer/Seller Study released Wednesday, buyers and sellers award RE/MAX the highest rankings in customer satisfaction.

View the buyer survey results

View the seller survey results 

"I want to personally thank and congratulate every one of you for contributing to this prestigious recognition," says RE/MAX Chairman and Co-Founder Dave Liniger. "It truly reflects your professional excellence, your enthusiasm for education, your commitment to distressed sellers, your individual drive, and many other qualities that serve the interests of your clients. Your efforts change lives, and those people have spoken."

 

Obviously Dave Liniger is very proud of our associates and I am too.  Thank you to our RE/MAX agents for your hard work and dedication to the highest level of customer satisfaction.  As well, thank you to the hundreds of cooperating agents we do business with regularly.  Without the continued teamwork of all the great agents in the marketplace we could never continue to achieve all of our dreams, aspirations, and lofty goals.  Thank you!

 

Shami Sandhu, FRI, CRES |  Broker/Owner

301, 10171 Saskatchewan Drive | Edmonton, Alberta T6E 4R5
T 780 701 2500 | F 780 439 7248
shamis@remax.net | www.rivercityrealestate.ca

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RE/MAX Recognized as the Most Trusted Real Estate Brand in Canada

April 28, 2010

(Kelowna, BC) – RE/MAX has been awarded Most Trusted Residential REALTOR® as voted on by readers of Reader’s Digest magazine.  The survey conducted for the annual awards revealed that the majority of Canadians trust RE/MAX for all their residential real estate needs, ranking RE/MAX associates five-times more ‘trusted’ than the second most trusted brand.                                              

“Our associates should be proud and honoured to receive the confidence of Canadian consumers as the Most Trusted Residential REALTOR®,” says Elton Ash, Regional Executive Vice President for RE/MAX of Western Canada.  “It’s an inspiring merit that the best trained and most experienced agents have received for providing valuable assistance to so many families.” 

Ash believes that this distinction awarded to Canadian RE/MAX associates is due in part to two notable attributes.  The first being “Premier Community Citizenship” - a quality that RE/MAX associates share by being ever-mindful of the impact they make locally as they are involved with their communities through volunteering, fund-raising and more.  

The second is that RE/MAX associates carry more professional designations than any other REALTOR® in Canada.  RE/MAX agents are invested in additional education in specialized areas such as Senior’s representation, commercial brokerage and luxury homes.

RE/MAX is Canada's leading real estate organization with over 17,500 sales associates situated throughout its more than 680 independently-owned and operated offices across the country.  The RE/MAX franchise network, now in its 37th year, is a global real estate system operating in more than 70 countries.  Over 6,500 independently-owned offices engage over 115,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management.  For more information, visit: www.remax.ca.
 
Shami Sandhu|  Broker/Owner
RE/MAX river city| 301, 10171 Saskatchewan Drive | Edmonton, Alberta T6E 4R5
T
780 439 7000| F 780 439 7248
shamis@remax.net| www.rivercityrealestate.ca
 
 
RE/MAX River City Fan Page          RE/MAX River City Channel          Follow Shami on Twitter
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March 10, 2010- Welcome to March and hopefully the end of the winter months!  I would like to take a moment and talk to you about the highlights of the Edmonton and area real estate market in February and compare it to what we have seen last year.  As a large portion of our market is either single family homes or condominiums, my stats and figures are going to be based on these two segments.

 

Market Activity...

Starting with homes coming on the market.. February 2010 saw a total of 2478 new listing hit the market.  This is down by 3.4% compared to the 2564 in 2009.  This is still however up 13.8% from January 2010. The length of time that homes listed in February 2009 was seen spending on the market was 61 Days.

 

Selling trends... January 2010 had 926 homes and condo that sold.  In February we saw a jump of 38.6% to 1283 units.  February 2009 was a much softer month for sales with 1082 units successfully selling – or 15.7% less.  The speed at which homes are selling has definitely improved as well.  IN 2009 only 15.6% of units were selling in 15 days or less on the market.  In 2010 we saw huge jump to 24.9% of listings were selling in the same time frame.  The lower inventory levels have also increased the number of properties selling over list price by 96.7% - that’s almost double!

 

Along with units coming to market and units sold there are other stats that we look at to gauge the market.

 

                                    Jan 2010       Feb 2010       Feb 2009                   2009 vs 2010

Day on Market          52                    45                    62                                - 27.4%

Avg List $                   $327,655       $331,280       $328,969                   +0.7%

Avg Sale $                 $318,507       $321,888       $314,394                   +2.4%

List/Sale $ ratio         97.2%             97.2%             95.6%                         +1.7%

 

With inventory levels at where they are, a huge drop in average days on market and a slightly higher average sale price compared to 2009, I see a healthy real estate market for the coming months.  An increase in average list price to sale price ratio indicates that homes are either being priced better and that buyer confidence in future house values is improving.

 

 

RE/MAX Associates still number one!

RE/MAX Associates continue to excel and were the number one choice of Consumers in the area.  RE/MAX Associates account for 42.8% of the transactions recorded by the MLS system in 2009 - an increase from 2008.  This is a major accomplishment as all other major franchises in the area combined for only 39.4% of the market.  This includes Realty Executives, Royal Lepage, Century 21, Coldwell Banker, and Sutton.

 

 

 

Shami Sandhu

Broker/Owner

780-439-7000

 
RE/MAX River City Fan Page           RE/MAX River City Channel          Follow Shami on Twitter
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For Immediate Release

 

RE/MAX River City Plays Role in Helping RE/MAX Network Raise $100 Million for Children’s Miracle Network

 

 

Edmonton March 10, 2010— RE/MAX Associates at RE/MAX River City have been supporters of Children's Miracle Network since 1992 and have made regular donations to the children’s charity. These funds have helped RE/MAX, a leading real estate franchisor, arrive at an amazing milestone: $100 million dollars raised over the past 18 years for Children’s Miracle Network, which raises funds for more than 170 pediatric hospitals. In doing so, RE/MAX became one of the top three Children's Miracle Network donors of all time.

 

The funds raised by RE/MAX River City go to the Stollery Children's Hospital to help treat children needing expert medical care. “Supporting our local Children's Miracle Network hospital is part of the RE/MAX ethic. Our agents are immensely proud to support the Stollery Children's Hospital,” said Shami Sandhu.”We all feel it is important to give back to this community in which we earn our living and raise our families.”

 

The donations from hundreds of RE/MAX offices and thousands of RE/MAX Associates amount to millions of dollars each year for children’s hospitals. RE/MAX primarily raises funds through the Miracle Home® program where Associates make a contribution to Children’s Miracle Network with each closed transaction. RE/MAX offices and agents also sponsor golf tournaments, host art auctions and organize a variety of other fundraising activities throughout the year.

 

“When you take into account that the real estate industry was hit harder than any other by the economic recession, it’s overwhelming that RE/MAX Associates raised $7 million for Children’s Miracle Network in 2009 alone, bringing their total to a landmark $100 million,” said Scott Burt, president and CEO, Children’s Miracle Network.

 

”Knowing that children’s hospitals have been impacted deeply by the downturn in philanthropic giving, RE/MAX Associates worked harder than ever to support Children’s Miracle Network and the children in our communities,” said Vinnie Tracey, president, RE/MAX International, Inc.

 

RE/MAX has been a corporate fundraising sponsor since 1992 and has raised $100 million for children’s hospital over the past 18 years.These much needed funds given to Children’s Miracle Network hospitals may be used for specialized medical care, research and education.

 

###

About Children's Miracle Network

Children’s Miracle Network is an international non-profit organization that raises funds for more than 170 children’s hospitals. Countless individuals, 90 organizations and 400 media partners unite with Children’s Miracle Network hospitals to help sick and injured kids in local communities. Donations to Children’s Miracle Network create miracles by funding medical care, research and education that saves and improves the lives of 17 million children each year. To learn more go to ChildrensMiracleNetwork.org.

 

About RE/MAX
RE/MAX was founded in 1973 by Dave and Gail Liniger.  From a single office in Denver, Colorado, it has grown into a global network of nearly 100,000 Sales Associates in more than 70 countries, an international presence greater than any of its competitors.
 
RE/MAX has been honored as the leading real estate franchise for 9 of the last 11 years in the oldest and most respected ranking, “The Franchise 500 Survey,” published by Entrepreneur Magazine.
 
Today, all the home listings in thousands of cities and towns can be found at www.remax.com
<http://www.remax.com> , which is the most visited real estate franchise web site.
(ComScore, Jan.-Oct. 2009; Compete.com, Feb. 2008-Oct.2009; Hitwise, Jan.- Oct. 2009)

RE/MAX International is proud of its Premier Community Citizenship, which has raised over $100 million for deserving organizations like Susan G. Komen for the Cure®, Children’s Miracle Network and The Sentinels of Freedom Foundation.   
 
For information on RE/MAX International visit:  
http://www.remax.com
 

Press Contacts:         

 

Shami Sandhu

Broker/Owner

780-439-7000

 
                   
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For Immediate Release

 

RE/MAX River City Receives Award from Children's Miracle Network

 

Edmonton, Alberta 15 February, 2010— Even as the housing crisis continues to impact the economy and the real estate market, RE/MAX agents continue to live up to their motto “Outstanding Agents, Outstanding Results®” in their support of Children’s Miracle Network.  RE/MAX River City was recognized for being the top contributing office for the Stollery Children’s Hospital for the fourth consecutive time during an exclusive awards event on Saturday, February 13th at the annual RE/MAX Western Canada conference in Edmonton.

 

The award was presented by John Hartman, Chief International Officer in recognition of RE/MAX River City achieving Top Contributor for the Northern Alberta Area.

 

“I am so honored to receive this award, on behalf of my office. We are passionate supporters of Children's Miracle Network and are pleased to help the Stollery Children’s Hospital provide local children with the facilities, services and expertise they deserve. It is our privilege to be able to give back to the community where we live and work.”

 

Since 1992, RE/MAX agents in Western Canada raised over $35 million for Children’s Miracle Network hospitals.  “Year after year, and despite the challenges that face their industry, RE/MAX agents prove that their compassion for the community defines who they are and how they do business. Through the Miracle Home® program, where donations are made with each real estate transaction, agents’ cumulative efforts enable our network of hospitals to bring expert care to millions of deserving children,” said Scott Burt, president and CEO of Children’s Miracle Network.  

 

###

About Children's Miracle Network

Children's Miracle Network is a non-profit organization dedicated to saving and improving the lives of children by raising funds for children’s hospitals. Each year the 170 Children's Miracle Network hospitals provide the finest medical care, life-saving research and preventative education to help millions of kids overcome diseases and injuries of every kind. To learn more go to www.childrensmiraclenetwork.org.

 

About RE/MAX International

RE/MAX was founded by Dave and Gail Liniger in 1973. It has grown from a single office in Denver, Colorado, to be a global network of nearly 100,000 real estate agents in more than 70 countries. Today, nearly all U.S. home listings can be found at remax.com, the most visited Web site of any real estate network. No one in the world sells more real estate than RE/MAX.

 

 

Press Contact:      Shami Sandhu

                                shamis@remax.net

                                780.952.7755

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RE/MAX joins the exclusive ranks of the most successful franchise chains in the world after being named to the 2009 Franchise Times Top 200. RE/MAX makes its debut on the list in the No. 12 position, in front of all other real estate competitors and in the company of top franchises such as McDonalds, 7-Eleven and Marriott Hotels.  
 
The Franchise Times Top 200 is an annual financial snapshot of the 200 most successful U.S.-based franchise companies as measured by worldwide sales. The complete list of honorees appears in the October issue of Franchise Times.
 
"The RE/MAX Network continues to grow because we offer so much value to our franchise owners," says Margaret Kelly, CEO of RE/MAX International. "Global brand recognition, the industry's most extensive educational resources, and all the support our offices need to be productive and successful. We like to tell our owners that 'at RE/MAX, you're in business for yourself, but not by yourself.'"

Since the beginning of 2009, nine countries have joined the network, and RE/MAX International has sold nearly 400 franchises worldwide. There's a presence in over 70 countries, more than any other real estate network.  

The Franchise Times honor is the second time this year that RE/MAX has been recognized by the franchise community. In January, RE/MAX was the highest-ranked real estate franchise in Entrepreneur Magazine's 30th Annual ÒFranchise 500 Survey," a tribute the company has received in nine out of the last ten years.

RE/MAX has also been recognized as one of the "Top 25 Franchise Opportunities" by Hispanic Enterprise, and one of the "Top 50 Franchises for Minorities" by the National Minority Franchising Initiative.

And in 2009, for the third year in a row, RE/MAX was ranked on the list of America's "Top 10 Military Spouse-Friendly Employers," according to Military Spouse Magazine.

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5 January, 2010- As we look back at the real estate market in 2009 I can say that it was a better than expected year for real estate.  As we ended 2008 the market had cooled off from earlier in the year and the pundits were doing media interviews that the "big crash" was coming and the market was going to see a reduction in activity and pricing through till the end of 2009 or beginning of 2010.  I am glad to say that they were wrong.

 

The Inventory...

The market saw high levels of inventory at the start of 2009 and a small number of transactions.  In December 2008 only 599 homes sold. As we went through the first quarter, we saw the activity levels start rising and peak in June. Activity peaked in June with 2654 homes sold - up 3.8% from the same month in 2008. Essentially, after the first quarter every month saw a positive increase in transactions compared to the same month in 2008.

 

Market Activity...

As the inventory levels started trending down in the second quarter more and more reports of multiple offers occurred.  In 2009, July saw the most homes sell over list price with just over 13% of listings selling for more than 100% of list price.  This was great improvement from the low seen in December 2008 of 5.2%.  When inventory goes down and market activity raises another indicator of market strength is the sold price-to-list price ratio.  With all the activity in June and July, the sold-to-list ratio peaked at just over 96.80%.  This compares to 94.85 in December 2008.  This means that a home listed at $350,000 would essentially sell for 1.95% or $6,825 more in July '09 than December '08.

 

Pricing turned the corner as well in late 2009.  In September we saw the median price rise above the same 2008 month prices.  All in all the average price of homes and condos in Edmonton alone was lower in 2009 ($321,972) than in 2008 ($334,753) for all homes sold that year. 2009 December average sale price for homes only in Edmonton was $318,513.

 

RE/MAX Associates still number one!

RE/MAX Associates in Edmonton continue to excel and were the number one choice of Consumers in the area.  RE/MAX Associates account for 42.8% of the transactions recorded by the MLS system in 2009 - an increase from 2008.  In second, Realty Executives accounted for almost one-third the transactions of RE/MAX at 16.14%.  The other real estate franchises (Royal Lepage, Century 21, Coldwell Banker, and Sutton) accounted for a combined 23.26% of all homes listed or sold in 2009.

 

Now for my forecast...

As I look at where we have come and all the indicators that I've talked about, I see 2010 to be a very strong market through to the end of the year.  We will definitely see an increase in mortgage rates in the first quarter, but not enough of an increase to have a substantial effect on activity.  The feds have also thrown out rumours that they may increase minimum down payment requirements and/or reduce amortization periods.  Based on the nation real estate market activity, I don't see this happening as the country, as a whole, is quite stable at this time, and they do not want to risk any actions that may hinder the economic recovery.

 

My forecast for the market activity sits at a 7-8% increase in the number of transactions and a 4.5-5.5% increase in the average price of homes.

 

Well, I wish you a healthy and prosperous 2010 and please continue to visit our blog for regular market updates and industry news.

 

Shami

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With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX.

The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record for real estate. Low interest rates, pent-up demand, and improved affordability levels have all played a role in the recovery now well-underway. Percentage increases in sales from January to August 2009 were led by Vancouver, (up a substantial 14 per cent to 23,158), Victoria (up 7.4 per cent to 5,266), Edmonton (up 6.2 per cent to 13,691), Regina (up five per cent to 2,597), Ottawa (up 2.4 per cent to 10,830) and Toronto (up 1.8 per cent to 58,421). Housing values are already ahead of record-breaking 2008 levels in seven of the 11 markets surveyed, including Newfoundland-Labrador (18.1 per cent year to $203,584), Regina (6.4 per cent to $244,088), Halifax-Dartmouth (3.5 per cent to $239,633), Winnipeg (3.5 per cent to $207,006), Ottawa (3.3 per cent to $301,684), and Toronto (up 0.3 per cent to $385,978). Nationally, average price hovers at $312,585, up 0.5 per cent over one year ago.

“The strength of the residential housing sector cross-country has taken many economists and housing analysts by surprise once again,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “In terms of its impact on the resale market, by historical standards, this recession was one of the mildest. The resilience of bricks and mortar has been demonstrated time and again. While there may still be some challenges down the road, the worst is definitely behind us in the housing industry.”

The recovery of Canada’s resale housing markets speaks to the tremendous value Canadians place on the importance of owning a home. The number of Canadians overall who own a home has increased since 1981 from 62.1 per cent to 68.4 per cent, with some markets posting even higher homeownership rates — Calgary (74.1), St. John’s (71.5), Regina (70.1), and Edmonton (69.2). Significant gains have also been made over the same period in markets such as Ottawa — where homeownership levels rose from 51.4 per cent to 66.7 per cent — and Toronto, where levels rose fro m 57.3 to 67.6 per cent.

“Markets are heating up across the country,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “Purchasers are clearly taking advantage of affordable prices and rock bottom interest rates. Those who missed the boat in years past have found that sitting on the sidelines can be a costly move. Prices are on the upswing and inventory levels are tightening, so the push toward homeownership is expected to continue throughout the Fall and possibly into early 2010.”

Over the past thirty years, the Canadian residential real estate market has experienced three major downturns – 1981, 1989, and 2008. While there have also been regional fluctuations throughout the years, return on investment over this period has been substantial, with Vancouver, Victoria, Toronto, Regina and Ottawa leading the country in terms of price appreciation.

The overall stability of real estate as an investment has also played a role. Markets like Halifax-Dartmouth, Regina, Ottawa, Winnipeg and London have provided steady returns (especially in recent years), with minimal fluctuation.

Public sentiment can best be illustrated by a recent Angus Reid Omnibus Survey* that asked the question “In which do you feel more comfortable investing your money? The stock market or real estate.” Out of 1,000 respondents from coast-to-coast, 77 per cent chose real estate. The results of the RE/MAX Bricks and Mortar Report are clearly representative of this national dynamic at work.

RE/MAX is Canada’s leading real estate organization with over 17,000 sales associates situated throughout its more than 677 independently-owned and operated offices across the country. The RE/MAX franchise network, now in its 36th year, is a global real estate system operating in more than 70 countries. Over 6,700 independently-owned offices engage nearly 100,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management. For more information, visit: www.remax.ca.

* The Angus Reid Omnibus Survey was conducted on September 15, 2009 and yields a margin of error of +3.1 per cent, 19 times out of 20.

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Welcome to my official blog.  I’ve been quite active over the last few months in expanding my activities on social networking site FACEBOOK.  After hearing all the hype about blogging and wanting to share my knowledge and experience as the Real Estate Broker at RE/MAX River City.  There is just so much happening to the real estate landscape nowadays with the market place, financial “crisis”, and changes to all the various legislative bodies that change the way this business operates.  What I plan to do here is use this venue as my sounding board on the real estate market and everything else that effects the “business” of real estate.

Please come back regularily to see what-is-what in Edmonton real estate!

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