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September 2016

Found 8 blog entries for September 2016.

International premium real estate firm celebrated Canadian shop opening in Ottawa, the first location in the nation’s capital.

OTTAWA, Canada  – Engel & Völkers North America announced the official launch of its newest premium brokerage in Ottawa, marking the occasion with a grand opening celebration held at their Engel & Völkers Ottawa Central shop, located at 1433 Wellington Street West. The event included a ribbon cutting ceremony followed by a reception at Beckta Dining & Wine Bar, located at 150 Elgin Street, Ottawa.

Presiding over the event was John King, Engel & Völkers Ottawa Central owner and Broker of Record, as well as top Engel & Völkers representatives. Brief presentations were made by Anthony Hitt, Engel & Völkers North America CEO,

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NEW YORK, NY  – Engel & Völkers North America, the North American operations for the European based, premium real estate firm, announced the addition of seven new members to its exclusive Private Office network at an induction ceremony held at the firm’s Park Avenue offices in New York City.

“With the rapid rate of expansion in key North American markets, we have attracted the very best in real estate, which has given us the ability to strengthen our Private Office network in North America,” said Anthony Hitt, CEO of Engel & Völkers North America. 

The newly inducted Private Office Advisors are:

  • Anne Comarda, Engel & Völkers New Orleans Metairie
  • Leslie Hirsch, Engel & Völkers New York City
  • Jessica Kelly, Engel & Völkers Savannah
  • David
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    September 7, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,813 sales through TREB's MLS® System in August 2016.   While this sales result was 23.5 per cent above the number of transactions reported for August 2015, it is important to note that the majority of sales are reported on working days and there were two additional working days in August 2016 compared to 2015. When the year-over-year discrepancy in working days is accounted for, the annual percentage change in sales is closer to 13 per cent.   "The conditions underlying strong demand for ownership housing remained in place, including a relatively strong regional economy, growth in average…
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By JOSH GORDON, Special to The Globe and Mail (Published Thursday, Sep. 01, 2016)

Toronto-based commentators have been eager to weigh in on the recent foreign-home-buyer tax in Vancouver. Unfortunately, many of them have been confused about the issue, perhaps due to the novelty of the debate there.

The issue deserves better consideration in Toronto. There is ample evidence of foreign capital’s influence in Canada’s largest city. Not getting it right with policy on this issue could leave it in Vancouver’s unenviable position, where only a substantial price correction will get the city back to affordability, leaving many first-time home buyers underwater on their mortgages.

So it should be helpful to alert

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International premium real estate firm expands Southeast presence with first locations in Lafayette and Lake Charles

LAFAYETTE/LAKE CHARLES, LA – Engel & Völkers, a European-based premium real estate brand, announced today the opening of two new Louisiana shops in Lafayette and Lake Charles, bringing the firm’s global network and renowned level of service to real estate buyers and sellers of the dynamic areas. The opening comes with the union between Engel & Völkers and PAR Realty, a leading real estate company serving Lafayette, Lake Charles and the surrounding communities.

“Following Engel & Völkers’ launch in New Orleans earlier this year, partnering with PAR Realty offers an opportunity to meet the growing Louisiana marketplace demand by

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