Recently, real estate in Canada has reached an all-time high, but it is worth noting that many analysts, including those at the Financial Post (http://dtn.fm/6v2Zh), are convinced that price acceleration in Canada will slow without experiencing a hard landing. The article also reports significantly elevated prices in both Vancouver and Toronto, although these are slowly dropping. In addition, a report entitled ‘Vancouver still top real estate market to watch in Canada: report’ (http://dtn.fm/D2nYz) names Vancouver the top Canadian real estate market to watch in 2017 thanks to millennials.
The article (by News 1130) says that, although housing prices could drop slightly in 2017, Canada is in for a year of continued stability. Not only this, the PWC report ‘Emerging Trends in Canadian Real estate 2017’ (http://dtn.fm/321Sz) states that “the main message is that every regional market offers opportunities for savvy developers and investors—as long as they embrace technology and anticipate their future buyers’ needs.”
With the technological factor in mind, it is no surprise that companies such as eXp World Holdings, Inc. (OTCQB: EXPI) are set to capitalize on Canada’s real estate market. With potential tenants and buyers more informed than ever thanks to the Internet, real estate firms are having to adapt to customer’s growing tech needs, a point brought to light by a respondent of the PWC report. The respondent stated, “We’re getting to the point where if people don’t recognize technologies are existing and, moreover, how to integrate them, opportunities are being missed.”
EXPI is the holding company for a number of subsidiaries, most notably, eXp Realty LLC and eXp Realty of Canada. eXp Realty, the Agent-Owned Cloud Brokerage®, is a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization through a 3-D cloud office environment. This breakthrough in technology is allowing EXPI to create a business model that increases brokers and agent listings and sales while reducing overhead capital requirements.
For more information, visit the company’s website at www.eXpWorldHoldings.com
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