Redline Canada’s Expansion Into Ontario

Redline Real Estate Group Celebrates Their Expansion into Ontario

Forward thinking, high service real estate brokerage expands into the Ontario Market

Calgary, Alberta: Today, Redline Canada, a high service, forward thinking real estate brokerage, announced that they have expanded their model with the opening of their first office outside of Alberta, in Brantford, Ontario.

On Redline Canada’s recent expansion, Redline CEO Darren Langille said, “We are very excited to take the full service brokerage model to a different part of the country where we can expose the consumer to an amazing buying or selling experience. The consumer deserves better, the Realtor® deserves better.”

Redline’s brokerage model takes a concierge approach to ensure the consumer is well serviced, while also focused on making sure their Realtors® have more time to dedicate to those clients by streamlining their businesses through technology, systems and processes.

Redline Real Estate Group was founded in 2009 with a focus on improving the consumer’s journey through buying or selling real estate. Eight years later, that focus remains and has gone through multiple evolutions where the brokerage can provide an unparalleled level of customer service to the consumer through the Redline agent.

Now with our expansion to Ontario we are excited to bring Redline’s unique model to more Realtors and consumers.  From Redline Properties Inc Owner, Jeff Thibodeau, “The Redline brand is exactly what we were looking for in growing our business. Redline’s focus on ultra-high service and marketing excellence fit exactly with our goals!”

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Calgary Real Estate Market Update October 2017

How was the Calgary Real Estate Market in October?

To watch this video on Facebook Click Here Now

We saw an inventory drop in October and coupled with sales holding steady with September numbers, the Calgary real estate market is becoming more and more stable.

The Calgary real estate market drives in cycles and we are now approaching the slow time of the year when sales begin to drop.

With sales dropping slightly and a strong indication of inventory dropping, we should see a fairly normal market for Calgary moving through the winter months.

We feel that the winter months are one of the best times to sell your home as you will see a lot of your neighbours pull their homes off the market during the Christmas and holiday season. If there is still demand for your area, you will no longer be 1 of 10 listings, you might be 1 of 3 or 4.

What is the Latest Mortgage Rule Change and How Does it Affect Me?

I think Darren spells it out best in this video so watch the video below as he gets into what the changes are and if you will be affected by them.


Calgary’s Hottest Real Estate Communities

The three hottest communities in Calgary were:

Ogden, Cliff Bungalow and Acadia.

“All of them had quite a few properties hit the market but almost doubled down on the properties sold.”

There are other communities that have low inventory so if you are looking in any of the communities listed below, you should be ready to jump on that home that pops up on the market that matches your criteria:

North Haven, Christie Park, Upper North Haven, Maple Ridge and Charleswood

Full Video is below with clickable indexed timelines

INDEX (clickable):

0:00:37 October Expectations

0:01:34 Inventory Shift

0:02:08 Inventory vs Sales

0:02:58 the Feds

0:05:32 Headlines vs Reality

0:06:27 Potential of the “Rule Change Rush”

0:07:34 Advice for Sellers

0:09:17 Advice for Buyers

0:10:57 Summary

0:11:19 Calgary’s Hottest Real Estate Markets

0:12:40 Calgary’s Hottest Communities

0:14:43 Wrap Up


September 2017 Canada Real Estate Market Report

How’s the Market in September 2017?

This may be a surprise to some but the Canada real estate market begins to slow starting in October. In fact, it is a trend we see at this time every year.

This is nothing to be concerned about, sales drop off a little bit at the same time each year and typically, inventory drops as well.

The Good News about the Canada market

The good news story about 2017, from Q1 right through to Q3 has been an overall increase in sales activity from 2016. With the exception of the apartment sector, currently there is 8 months worth of supply on the market.

Which means there is an abundance of product currently listed.

Of course we know what the law of supply and demand dictates.

To learn more about the market, watch the video below and if you like, skip ahead to the points that interest you the most:

0:00:00 September Market Update

0:01:40 High Level Overview

0:03:00 2017 Overview

0:04:07 Steady Market

0:05:12 Year Over Year Price Comparison

0:06:38 Trends to Watch

0:08:20 Sellers

0:10:28 Buyers

0:11:36 Apartments

0:12:23 Hottest Canada Markets

0:13:42 Wrap Up


Canada Real Estate Market Update for August 2017

Real Estate Market Update for August

Our CEO Darren Langille hosts a Facebook Live at the beginning of every month to review the previous months real estate market statistics.

Redline’s goal with these real estate market update’s is to ensure that our clients and customers are well looked after with respect to being educated about the local market. As a consumer it is important for you to know all of the facts and not to just follow blindly when a Realtor® tells you it’s a good time to buy or a good time to sell.

In this video, Darren walks us through:

  • Inventory Trends
  • what the apartment sector is doing
  • what price points are performing the best
  • Advice for sellers in a shifting market
  • And so much more…

To learn more, watch the video below.


Canada Real Estate Market Update: July 2017

Watch the full market update here

July’s Numbers are in: The Canada Real Estate Market Update

The bad news: July’s numbers have slumped from this same time last year.

The Good news: Our sales are up overall, year over year, from 2016.

The market seems to have balanced itself out, which is a good thing. If you have been in Canada for a decade or more, you know the peaks and valleys the real estate market has been going through.

Balance is good.

There are certain segments of the market that are performing well, it seems that we have seen double digit gains in sales in the $600,000 to $1.5M price brackets.

Where we are seeing a slow down in sales numbers is in the $600,000 and below price brackets.

Why is that? This is entry level and move up price points, these segments almost always perform better than the higher end.

Why the Slowdown in Sales in the Middle

In one of our last articles, we talked about interest rates increasing, well that has come to fruition.

The BoC has increased their overnight rates by a quarter point or .25%.

As a result, all of the major lenders followed suit and increased their rates as well.

They have also tightened up the lending rules, one change has to do with people putting down 20% or more.

With 20% down, previous to August 1st 2017, you would have been able to qualify at the rate that the lender was offering you, let’s say that was 2.89%.

Now, the lenders require you to qualify at the Bank of Canada’s benchmark rate of 4.84%.

This is almost a 2% difference and drastically decreases your ability to purchase a home. (If you’d like more information on the effects of this, I suggest you reach out to one of our mortgage brokers at MortgageLine)

Both of these items can contribute to a slowdown in the market, particularly in those segments.

Higher interest rates will affect the entry level market where the rule change will affect the move up market.

Performance of Home Types

The apartment sector continues to get hammered as there is a massive oversupply in the market.

Non condo attached townhouse infills are outperforming their counterparts as there continues to be highs and lows in the attached condo market.

The bright shining star in all of this is that the detached market continues to be strong and stable.

So for sellers how does this matter to you?

Knowing that inventory is higher now, and sales activity has started its slow down for the year, it means a few things as buyers will have more time to make the selection because of less urgency in the market.

So if I was selling my home I would ensure all the little things are taken care of, don’t leave things undone, or incomplete.

Also – curb appeal is huge. With more on the market, and with the majority of places online using the front image of the home, make sure you are doing the little things to make your house stand out.

To watch the July Market report click play on the video below.


Are Foreign Buyers Moving to Canada?

Foreign Buyers Have no Interest in the Canada Real Estate Market

Interest Rates are rising.

The Toronto real estate market is ‘imploding’.

RBC is cutting 450 jobs.

Foreign investors ignoring Canada, Edmonton & Montreal Real Estate Markets.

What does all of this have in common?

These are headlines from various articles from around the web. The two most important though are the rising interest rates and the foreign investors ignoring us.

First, rising interest rates.

The Bank of Canada looks 18-24 months in advance at various aspects of the Canadian economy and makes projections or estimations based on the data that they collect.

The fact that they are looking to raise interest rates is actually good. It means they feel that our economy can handle a small rise in the overnight lending rates.

As a caveat to that, if oil prices continue to soften, we likely won’t see or hear anymore ‘hawkish’ talk coming from Poloz, the BoC governor.

Now, don’t panic.

Rates in Canada have a tendency to rise by .25% or 25 basis points. This means that the overnight lending rate at the BoC would come to .75%.

To give you some context, 10 years ago the best 5 year fixed rate was 5.7%. The BoC overnight lending rate was 4.25% in June of 2007. Over the course of 2008, the overnight lending rate dropped to 1.5%.


Because their analysts could see what was coming over the next couple of years. They knew that the economy was going to need stimulating.

For rates to get back to those numbers we would have to see consecutive increases by .25% for the next 15 quarters.

That’s 5 years.

My Advice?

If you don’t like the rollercoaster ride and are on a variable interest rate, maybe have a talk with your mortgage broker about locking in over the next few years.

No Foreign Buyers: Who cares

A recent article in the Globe and Mail suggested that the Asian buyer (that was accused of driving prices up in Vancouver and Toronto…not true, btw.) is not interested in our market.

The governments of BC and Ontario were looking for a scapegoat to blame for the falling inventory (lack of supply) and the increased demand for housing in their two major centres in Vancouver and Toronto.

According to TREB and Teranet, approximately 2% of all MLS sales were attributed to foreign buyers in the Toronto market in 2016.

This is a market that saw 113,000 sales last year. This would be a total of 2260 sales.

That number doesn’t even come close to shorting the supply to a level that we could attribute a mass amount of blame onto one segment of the buying market.

If we had those same stats, our supply wouldn’t drop. Our demand wouldn’t be increased, therefore, our prices would not rise by 30% year over year.

No foreign buyers? Who cares.


Canada Market Stats for March 2017

What Happened in the Canada Real Estate Market in March?

Some really positive news in the market for March in Canada.

Here are some of the highlights but make sure you watch the video below to get in 2 minutes or less!

  • Sales were up 20% from this same time in 2016
  • Sales in March were up 42% month over month and a big improvement from February’s numbers
  • Inventory jumped 13.5% from February
  • Inventory levels were down 16% from March of 2016 keeping in line with a balanced market

Canada’s Detached Housing Market

If you have a single family detached home, we have some very good news for you:

  • Overall months of supply is 1.97
  • All price points for detached homes are seeing improvements in sales numbers as well as slight improvements in prices
  • The entry to luxury and early luxury markets of $800,000 – $1.25M saw 50% of its total sales in March alone
  • The West side of the city is seeing the highest appreciation so far this year with an increase in prices of 2.5%

The Hottest ‘Hoods in the City

Here are the hottest neighbourhoods in the city, do you live in one of them??

  • Cougar Ridge and West Springs in the $500,000 – $600,000 market
  • Chinatown had a whopping 200% of its new listings sell in March
  • Upper Mount Royal had 167% of its new listings sell, and over half of the its sales for the year in March
  • Eagle Ridge saw 200% of its new listings sell in March, and 100% of the total sales for the year
  • Two communities are seeing extremely low inventory right now, with 0.3 months of supply for Riverbend & Southview.

Want more information on the Canada real estate market? Watch the video below