VANCOUVER, B.C., Oct. 2019 / Macdonald Realty, Western Canada’s largest independent full-service real estate company, today announced the re-opening of its office in North Vancouver, B.C., Canada. This office is one of Macdonald’s 20 offices throughout British Columbia.
The freshly renovated office in North Vancouver will bring to the team and clients more space and comfort. The space provides everything Macdonald’s real estate agents need to keep improving and growing their business.
Macdonald Realty was founded in Vancouver back in 1944 and has continued to grow through the years and the changes in the real estate market. We’re solid, established and respected, with 20 offices throughout British Columbia. Today, we’re Western Canada’s largest independent full-service real estate company, with Residential, Commercial, Property Management, and Project Marketing divisions. And we’re still proudly BC owned and operated.
VANCOUVER, B.C. – (September 24, 2019) – Macdonald Realty, one of Canada’s largest independent brokerages and a market leader in British Columbia, is pleased to announce that it has acquired Bay Realty, an award-winning brokerage specializing in the White Rock Peninsula. The acquisition further strengthens Macdonald Realty’s position as a brokerage that holds significant luxury market share and demonstrates a commitment to serving the high-end mrket.
“We are excited to have a company with the quality and history of Bay Realty join the Macdonald family,” says Dan Scarrow, President of Macdonald Realty. “We continue to be open to working with great BC companies and agents who want to take their business to the next level.”
Founded in 1978, Bay Realty has been the premier real estate brokerage in the White Rock community for nearly 40 years. With 40 licensed real estate agents, including several top teams, Bay Realty has significant luxury market share in the Fraser Valley and have been recent winners of the Highest Sales Achievement per person in the Fraser Valley 26 to 40 agent category. Louise McKnight, part-owner of Bay Realty and leader of one of the Fraser Valley’s top-selling teams, Team McKnight, believes that Macdonald was the best fit for her company and for her future business.
“We’re really excited about joining a great, local organization like Macdonald Realty,” says McKnight. “Through its affiliations with the global Leading Real Estate Companies of the World™ network, and corporate presence in Hong Kong and China, Macdonald will give our clients unparalleled market exposure moving forward.”
“Macdonald’s 75-year track record speaks for itself,” adds Geof Glazier, part owner of Bay Realty. “They’ve successfully navigated every business cycle over that time and have continued to grow, without compromising high, professional standards.”
Bay Realty agents will be joining nearly 100 of Macdonald’s own agents at their South Surrey office under Managing Broker Drew McLean. In addition, Macdonald Commercial and Macdonald Property Management have also recently expanded their Surrey offices to better service the Fraser Valley.
CLICK HERE to visit our Property Search tool today and find fantastic listings in South Surrey and White Rock, B. C. CLICK HERE to see our agents in South Surrey Office.
About Macdonald Real Estate Group:
Founded in Vancouver in 1944, Macdonald Realty (macrealty.com) has grown to become BC’s largest full-service corporately owned real estate company, with over 20 offices, 1,000+ agents and staff in the province, and nearly $10 billion in annual sales.
In addition to residential sales, Macdonald Commercial has over 40 dedicated commercial agents with a head office in Vancouver and a new Fraser Valley office in Surrey; Macdonald Property Management currently manages over $5 billion in BC properties; and Macdonald Platinum Marketing has sold over $2 billion in luxury new construction.
VANCOUVER, B.C. – (August 8, 2019) – Macdonald Realty, one of Canada’s largest independent brokerages and a market leader in British Columbia has partnered with Inside Real Estate to provide the industry’s most sought after technology platform, kvCORE, to agents in their corporately-owned residential offices. The platform will serve as a comprehensive, central platform, driving profitability and growth amongst Macdonald Realty’s growing footprint of offices, agents and top teams.
Macdonald Realty’s unique implementation of kvCORE will empower their agents and teams with the industry’s most robust set of productivity tools, maximizing valuable face-time with both new and existing clients, while offering additional targeted solutions for top performing agents and teams in a fully integrated Marketplace.
“Macdonald is excited to give our agents the most powerful lead generation tool on the market,” said Rosey Hudson, Vice President of Operations for Macdonald Real Estate Group. “We have been working with Inside Real Estate as our technology partner since 2016. The innovations and AI capabilities they offer in the new kvCORE platform is a phenomenal advantage for our agents.”
Key features of the platform, include:
Lead Engine: the most comprehensive set of lead generation tools on the market today, allow agents to generate leads organically or supercharge their results with built-in paid advertising solutions boasting record low cost-per-lead.
Custom Websites: highly customizable websites including real-time IDX home search deliver a beautiful consumer experience while capturing valuable behavioral insights.
Smart CRM: sophisticated lead validation and lead routing ensure leads are responded to by the right agent, right away. AI driven, automated, task plans take the guesswork out of staying in touch, so agents can focus on what they do best: building great relationships.
Marketing Autopilot: behavioral nurturing delivers unique, relevant and timely content, driving up to 10X higher engagement across both new leads as well as personal sphere of influence contacts.
“We’re thrilled to be partnered with Macdonald Realty. Their commitment to providing best-in-class technology for their organization re-affirms their leadership position in the industry and we’re proud to have been chosen as the long-term technology partner supporting their future innovation and growth. ” said Joe Skousen, President of Inside Real Estate.
About Macdonald Real Estate Group: Founded in Vancouver in 1944, Macdonald Realty (macrealty.com) has grown to become BC’s largest full-service corporately owned real estate company, with over 20 offices, 1,000 agents and staff in the province, and nearly $10 billion in annual sales.
In addition to residential sales,Macdonald Commercial has over 40 dedicated commercial agents with a head office in Vancouver and a new Fraser Valley office in South Surrey; Macdonald Property Management currently manages over $5 billion in BC properties; and Macdonald Project Marketing has sold over $2 billion in luxury new construction.
About Inside Real Estate:Inside Real Estate is a fast growing, independently-owned real estate software firm that serves as a trusted technology partner to over 200,000 top brokerages, agents and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable and flexible architecture, kvCORE enables every brokerage to create their own unique technology ecosystem through custom branding, robust integrations and high-quality add-on solutions. With an accomplished leadership team and over 175 employees, Inside Real Estate brings the resources, scale and vision to deliver ongoing innovation and success to their growing customer base.
Macdonald Realty #2 in 2019 list of “Biggest BC businesses owned by women” | BIV
In the July 30, 2019 edition of Business in Vancouver, Macdonald Realty was ranked #2 on their annual list of the biggest BC businesses owned by women. With 1,100 employees in BC, Macdonald Realty’s Owner and CEO Lynn Hsu was second to only Leslie Meingast of TPD which provides HR managed services.
Business in Vancouver newspaper is the flagship publication of Business in Vancouver Media Group. Since its creation in 1989, the weekly newspaper has been an essential source of news, features, analysis and data for Vancouver business leaders and influencers. It remains a must-read source of unique, unduplicated business insight.
As protests continue to rock Hong Kong, real estate brokers in Canada and the U.K. are fielding a flood of inquiries from investors in the former British colony who are eager to get out.
Dan Scarrow, president of Macdonald Real Estate Group in Vancouver, said many of his Chinese agents saw an uptick in interest for both sales and rentals this month from Hong Kong. One of his agents is putting off her planned retirement this year to capitalize on the opportunity.
Before, it was usually a ratio of five mainland Chinese to one Hong Kong buyer coming to open-houses, he said. “It has completely flipped now,” said Scarrow. “Whether or not that actually translates into deals, that comes down to what continues to happen in Hong Kong.”
People have begun scouting for properties in cities including Toronto, Vancouver and London as the unease surrounding Hong Kong’s political future grows amid China’s increasing influence. A drop in residential property prices is making some of these cities attractive.
“Hong Kong money could become a major source of capital,” said David Ho, a broker at CBRE Ltd. who deals with Asian investments. “People are shocked, given Hong Kong was always branded as a stable, rule-of-law financial hub, and now want to move their capital to other cities to mitigate the risk and also to look for other homes.”
A look at few of the markets that are of interest to the Hong Kong buyers:
Vancouver, where housing prices have been in a slump for the past year, may be the first city to benefit from the upheaval in Hong Kong.
Changes in Vancouver tax laws have pushed property prices lower since 2018, Knight Frank LLP said in a report, adding that investors will also benefit from currency-adjusted discounts of 17% over the last year. Luxury homes were hit hardest by property tax changes causing the price of mansions to fall in the last few months leading to more incentives for buyers. With the city being home to a large Asian population, Vancouver is an appealing choice for many Hong Kong buyers.
“The tsunami tide of capital coming overseas in the last 10 years displaced a lot of old Hong Kong money,” CBRE’s Ho said. “Now, Hong Kong capital is looking at the price correction in Vancouver as an opportunity to get back in the market.”
Ho’s team is working on more than $400 million worth of potential deals for the likes of high-net worth individuals and publicly listed companies who want stability and attractive yields from the city’s real estate boom.
Canada’s biggest city is emerging as a popular choice for commercial and residential property investors given the strength of its housing market, which is partly driven by growth in technology and financial services industries. A weaker Canadian dollar may also mean attractive yields on some deals.
“People are looking at the future, especially people who are young professionals in their late 20s or 30s,” Robert Veerman, a CBRE sales representative who works with Ho, said. “They still have 50 or so years of professional life ahead of them essentially and the question is where’s the market, jobs, growth going to happen?”
Demand for the top five per cent most expensive London residential properties has surged from Hong Kong this year, representing about six per cent of all prospective purchasers registering in the market, according to Knight Frank. Investment from Hong Kong is bound to grow in the next 12 months as more clarity around Brexit emerges, the property consultancy firm said.“We have suddenly had a lot interest from our clients in Hong Kong,” Joe Bond, an FX Counsellor at Citigroup Inc., said at a luxury property event hosted by Harrods Estates, Taylor Wimpey Plc and Citigold Wealth Management in London earlier this month, noting that the recent instability encouraged potential buyers to make offers.
Thanks to uncertainties around Brexit, including a weak pound and cheaper prices, London offers the greatest residential price discounts relative to the other major markets reviewed by Knight Frank. Prime residential costs in London are 28% lower for Hong Kong buyers than they were five years ago.
“Just eight months ago, Hong Kong clients were telling me Brexit Britain was too unstable to buy in,” said Bruce Dear, head of London Real Estate and Institutional Investment at law firm Eversheds Sutherland. Now, “a swan-diving pound, mass marches and a pillaged Legco have made British bolt-holes compelling again.”
Sydney and Singapore are also attractive bets for investment as government-cooling measures have limited price growth, providing opportunities for Hong Kong buyers to jump in, Knight Frank said. Increased supply in Manhattan’s prime housing market have also stunted price growth and investors can find discounts in that space over a longer-term basis, the consultancy said.
Riot police use tear gas during a protest in Hong Kong on July 21. Photographer: Justin Chin/Bloomberg