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Derek K. Hubbard is Manager of Public Relations for Southwest Airlines. In his role, Derek shares the story of Southwest with audiences across a variety of channels. For more than 10 years, Derek has been a sought after expert on how to craft compelling stories and influence audiences. He believes stories can change the world and everyone has one waiting to be told. We discussed all of this and more this week on the On Brand podcast. About Derek K. Hubbard Derek K. Hubbard is the Manager of Public Relations for Southwest Airlines, where he helps share the airline's story across a variety of channels. This year, he served as a jury member for Brandstorytelling 2025, a sanctioned event of the Sundance Film Festival, evaluating top films, podcasts, and episodes. With a background as a television producer in Dallas and experience in financial communications in London, Derek's expertise spans media, storytelling, and brand strategy. He's been recognized as a PR News 30 and Under Rising PR Star and has contributed to outlets like The New York Times, The Washington Post, and The Today Show. An avid communicator and entertainment enthusiast, he's even made an appearance on Carpool Karaoke! From the Show Want more on that Herb Kelleher Malice in Dallas arm-wrestling match? Check out the full story on the Southwest website! What brand has made Derek smile recently? “During my time at (Sundance's) Brand Storytelling (Festival), I had the pleasure of watching and and an episode of a series called Celebrity Substitute, which I believe is streaming on YouTube. What was really cool about about this series is that they went into classrooms and highlighted education, highlighted teachers and the incredible work that they are doing within our classrooms.” Connect with Derek on LinkedIn and check out Southwest's social channels and their website. As We Wrap … Listen and subscribe at  Apple Podcasts, Spotify, Amazon/Audible, Google Play, Stitcher, TuneIn, iHeart, YouTube, and RSS. Rate and review the show—If you like what you're hearing, be sure to head over to Apple Podcasts and click the 5-star button to rate the show. And, if you have a few extra seconds, write a couple of sentences and submit a review to help others find the show. Did you hear something you liked on this episode or another? Do you have a question you'd like our guests to answer? Let me know on Twitter using the hashtag #OnBrandPodcast and you may just hear your thoughts here on the show. On Brand is a part of the Marketing Podcast Network. Until next week, I'll see you on the Internet! Learn more about your ad choices. Visit megaphone.fm/adchoices

Abbie Fink and Terrie Ard discuss the 2025 M.Cast™ Trends Report and the importance of forward-looking thinking and data-driven insights for business leaders and communications professionals alike. Terrie shares how the M.Cast™ Trends Report was initiated as a guide to help leaders think like futurists, equipping them with the insights to foresee and adapt to inevitable industry transformations. The report encourages leaders to balance technological advancement with maintaining genuine human connections, a critical aspect for organizational success.Key Takeaways The M.Cast™ Trends Report was created to help leaders anticipate future trends and challenges by adopting a futurist mindset. In 2025, Artificial Intelligence is a "mega-trend" that is shaping business strategy and decision-making in nearly every industry, from healthcare to finance to marketing, education and entertainment. Successful leaders balance technology solutions with the essential human connection in their organizations. Organizations are shifting from customer service to customer care, emphasizing the need for a more empathetic approach and authentic interactions. Embracing convergence—the merging of distinct industries and technologies—will lead to innovative business models and solutions. About the Guest Terrie Ard is Partner, President & COO of The Moore Agency, a full-service marketing communications agency in Tallahassee, FL with a 31-year track record of building trusted influence and delivering impactful results. Terrie leads the strategic direction of the firm, including key initiatives, partnerships and client and business development. With a passion for collaboration and culture building, Terrie oversees the Moore Team, boasting a 92% retention rate.Terrie is a specialist in corporate positioning and branding with a keen focus on strategy and creativity. Her expertise includes crisis communications, communications strategy and employee relations. Through Terrie's leadership, the agency has achieved a 98% client retention rate and is ranked a top 50 agency in the U.S. and top 200 globally. Terrie has been recognized by Florida Trend as one of the top 500 most influential leaders. She is a recipient of the Florida Public Relations Association Stanley Tait Award for Leadership, the American Advertising Federation Silver Medal for outstanding industry contributions and recognized by PR News as a Top Changemaker in the U.S.About the Host Abbie Fink is president of HMA Public Relations in Phoenix, Arizona and a founding member of PRGN. Her marketing communications background includes skills in media relations, digital communications, social media strategies, special event management, crisis communications, community relations, issues management, and marketing promotions for both the private and public sectors, including such industries as healthcare, financial services, professional services, government affairs and tribal affairs, as well as not-for-profit organizations. PRGN Presents is brought to you by Public Relations Global Network, the world's local public relations agency. Our co-host and executive producer is Adrian McIntyre with

"You have to master the art of seeing things unseen. Whether you're looking at trends, whether you're looking at data - the data, the trends - tell a story." In this episode, WomenHeard host Julie Hochheiser Ilkovich sits down with Brandi Boatner, incoming 2025 President of New York Women in Communications! Brandi has been recognized and named by PR News as a Changemaker and one of the Top Women in PR. She also received an Honorable Mention for PR Week's Outstanding In-House PR Professional. In her current role in Corporate Affairs, she supports Global Influencer Marketing for IBM's consulting business, helping to drive market education and brand relevance around IBM's AI for Business.  Upon college graduation, Brandi knew she wanted to work for a global brand - little did she know this instinct would turn to 15 years at IBM! She observed the needs of the company - along with the evolving tech landscape and new media platforms - and made a business case to design roles for herself that supported those solutions. Listen to this episode for advice on career mobility and why being in  communications means being in the "relationships business". Plus, her vision for NYWICI in 2025 and beyond with reputation, reach, and relationships. 

Nurturing Creativity and Marketing Mindsets for AuthorsIn this episode of the All Things Book Marketing Podcast, host Corinne Moulder, Vice President of Smith Publicity, discusses book marketing strategies and author coaching with expert Jennifer Graybeal, a Certified Creativity Coach. Jennifer shares insights from her 10 years of experience in coaching, workshops, and editing, having helped over a thousand authors.  The conversation covers: the value of industry conferences such as NINC and AuthorNation,exciting new trends in book marketing and social media to build visibility,the importance of effective marketing strategies versus tactics, andguidance on nurturing creativity, emphasizing self-care, community support, and understanding individual needs.  About our Guest: Jen Graybeal (she/her) is dedicated to empowering authors through encouraging feedback, collaborative problem solving and gently-applied tough love. In ten years of coaching, workshops, and editing projects, she has helped over a thousand authors create stories they are proud of and businesses that align with their individual vision of success. Jen is a Certified Creativity Coach with a degree in English, an ever-expanding TBR pile, and a furball assistant that is usually on her lap. Visit her website for client testimonials at www.jengraybeal.com or follow her on Instagram, Threads, Blue Sky, and TikTok: @JenTheEditor.About Smith Publicity: Since 1997, Smith Publicity has been a global leader in creative publicity and public relations, helping authors and experts expand their influence and build authority beyond the pages of a book. Their clients include New York Times bestsellers, debut authors, CEOs, speakers, academics, and subject matter experts. Smith Publicity secures media appearances that boost visibility, build credibility, and fuel business and platform growth. Recognized in PR News' “Agency Elite Top 100” and as top publicists by Qwoted, Smith Publicity's team continually innovates with clients and their teams to build strategies that amplify their ideas for lasting impact. Recognized in PR News' “Agency Elite Top 100” and as top publicists by Qwoted, the team speaks at events worldwide like Frankfurt and London Book Fairs, continually innovating to amplify their clients' voices and impact. Sign up for their newsletter.

In this episode of "Smith Publicity's All Things Book Marketing," host Sandy Smith, CEO of Smith Publicity, welcomes Annie Oswald, the former Vice President of Publishing at Franklin Covey, now a motivational speaker and publishing consultant.Annie and Sandy discuss insights on the power of international rights and their significance for authors and publishing professionals. Throughout the conversation, Annie discusses:the critical role of international rights in expanding an author's reach and credibility,the various elements that authors need to consider when exploring foreign rights for their work, including market-specific strategies,the importance of reputable foreign rights agents, and the nuances of translation.the growing demand for English-language books in India, the rising interest in Spanish-language books in the U.S., and the powerful impact of audio books.She emphasizes the importance of thorough research, building a strong social media presence, and the potential opportunities that foreign rights can unlock, such as speaking engagements and global training programs.Listeners will gain practical tips on navigating the international book market, safeguarding their rights, and boosting their global presence. Annie's extensive knowledge and passion for the publishing industry make this episode a must-listen for authors and publishing professionals looking to expand their horizons and achieve greater success.Tune in to discover how to turn your book into a global phenomenon!ABOUT OUR GUEST: Annie Oswald recently retired (May 2024) from FranklinCovey where she served as the Vice President of Publishing. She retired to pursue her passions as a motivational speaker and publishing consultant. Her role at FranklinCovey included everything frombook proposal writing and presenting to major publishing houses, rights management, and sales and marketing. Currently, she is working with Sean Covey on The 7 Habits of Teens Graphic Novel. Annie graduated from Brigham Young University with a bachelor's degree in English and a minor in Communication. Annie has accepted numerous invitations as a keynote speaker for various groups around the world. Annie and her husband reside in Lehi, Utah, and are the proud parents of four daughters.ABOUT SMITH PUBLICITY: Since 1997, Smith Publicity has been a global leader in creative publicity and public relations, helping authors and experts expand their influence and build authority beyond the pages of a book. Their clients include New York Times bestsellers, debut authors, CEOs, speakers, academics, and subject matter experts. Smith Publicity secures media appearances that boost visibility, build credibility, and fuel business and platform growth. Recognized in PR News' “Agency Elite Top 100” and as top publicists by Qwoted, Smith Publicity's team continually innovates with clients and their teams to build strategies that amplify their ideas for lasting impact. Recognized in PR News' “Agency Elite Top 100” and as top publicists by Qwoted, the team speaks at events worldwide like Frankfurt and London Book Fairs, continually innovating to amplify their clients' voices and impact.

Ken Harris, CEO and founder of Plusgrade — an ancillary revenue solution for the global travel industry — is Canada's EY Entrepreneur Of The Year® 2024. After initially receiving the provincial title on October 9, Harris was honoured at the awards show in Toronto on Wednesday night. He was selected by an independent panel of judges for his business being rooted in global transformation and innovation and his dedication to enhancing customer experiences, said EY in a news release. “Ken's journey is a testament to the power of innovation and perseverance. His leadership at Plusgrade has revolutionized the way travel companies approach ancillary revenue, creating new opportunities for growth and enhancing the overall travel experience for millions of passengers,” says Rachel Rodrigues, EY Entrepreneur Of The Year® Canada Program Director. “His proactive approach to addressing industry challenges and dedication to inclusivity have set a new standard for entrepreneurial excellence in Canada.” EY said Harris' journey began with a simple observation during his travels: the potential to monetize empty premium seats. Now partnering with over 200 companies across airlines, hotels, cruises and railways in 60 countries, Plusgrade's innovative solutions have changed how travel operators generate additional revenue while enhancing customer experiences. The company's strategic growth includes the acquisition of Points, a global leader in loyalty commerce, and UpStay, a provider of upgrade and ancillary revenue solutions for the hospitality industry. At the award ceremony hosted at The Royal Conservatory of Music, four National Award winners were also recognized, along with three National honouree recipients. Next up, Harris will represent Canada on the global stage, competing against winners from more than 50 other countries for the title of EY World Entrepreneur Of The Year™ in Monaco in June 2025. EY Entrepreneur Of The Year National Award winners: Tobyn Sowden | Redbrick (Pacific) Denis Jones | Deveraux Group of Companies (Prairies) Clive Kinross | Propel Holdings (Ontario) Hakan Uluer | The Bertossi Group (Atlantic) Ken Harris | Plusgrade (Québec) National Honouree Citations: Jeff Dirks | KBL Environmental Ltd. Terry Raymond | Fire & Flood Emergency Services Ltd.  Mina Mekhail | Freshr Sustainable Technologies Inc. The Canadian entrepreneurs in the EY Entrepreneurial Winning Women™ North America Class of 2024 and the EY Entrepreneurs Access Network Canadian Class of 2024 were also honoured at the awards show. These programs support high-potential women entrepreneurs and Black and Indigenous leaders by providing access to networks, advisors, learning and resources to help scale their businesses. All three entrepreneur programs are part of EY's 30-year commitment to fostering entrepreneurship in Canada at every stage of the growth journey. The 2024 National independent judging panel comprised Tania Clarke, Corporate Director; Andreea Crisan, President and CEO, ANDY Transport; Arlene Dickinson, General Partner, District Ventures Capital; Joanna Griffiths, Founder and President, Knix and Kt by Knix; Ashif Mawji, Managing Director, ScaleGood Fund LP; Kristi Miller, Managing Partner, Krystal Growth Partners; Imran Siddiqui, Managing Director, Ontario Teachers' Pension Plan. This year's program national sponsors are TSX Inc., Air Canada, The Printing House, The Globe and Mail and Hillberg & Berk. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #smallbusiness #EntrepreneurOfTheYear2024 #CanadasNumber1PodcastforEntreprenuers

With Financial Literacy Month in November, non-profit Business Link, in partnership with Nail The Numbers, is launching the Cashflow Canvas – a FREE program designed to address financial management challenges, a key factor in the failure of 71% of small businesses. As entrepreneurs face increasing pressure in today's economy, the Cashflow Canvas simplifies financial concepts, offering essential tools for personal and business financial success. The program begins with a free Financial Wake-Up Call webinar on November 20th, which will guide participants through common financial pitfalls and strategies to manage debt, cash flow, and growth. In this video, Taunya Woods Richardson, creator of the Cashflow Canvas, discusses how financial literacy can be the difference between success and failure. Anyone interested in the webinar must sign up by the November 19 deadline. More information can be found at: businesslink.ca/programs/cash-flow-canvas-program. #business #smallbusiness #entrepreneurs #debt #finances #entrepreneurship  Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. Stay Connected with #CanadasPodcast! Join our growing community of entrepreneurs across Canada! Don't miss out on inspiring interviews, expert insights, and the latest business trends from the people shaping the future of our economy.

270 Leveraging Human Interaction for Authentic CEO Branding with Raoul Davis, CEO of Ascendant Group; Newark, DE, USA Raoul Davis, the CEO of Ascendant Group, is a pioneering advocate for the institutionalization of CEO branding, emphasizing its critical role in building trust and authentic connections. He advocates for executives to actively manage their personal brands, ensuring alignment with their company's ethos to enhance long-term market presence. Raoul underscores the importance of humanizing businesses through executive branding, leveraging platforms like LinkedIn and strategic partnerships to weave personal narratives that resonate globally, respecting cultural nuances. By championing CEO branding, Raoul positions leaders as chief storytellers who, by sharing their stories and values, can not only enhance market trust but also inspire others by demonstrating authentic leadership. Highlights of our conversation: - CEO branding is essential for building trust and authenticity by positioning CEOs as the chief storytellers of their businesses, emphasizing human interaction over products or logos. - Highlighting the power of human connection in branding, CEOs can set their companies apart in a competitive market and establish deeper connections with consumers by sharing personal stories and values. - Emphasizing the importance of showcasing the human side of CEOs, positioning them as industry leaders and fostering organic relationships with their target audience. - Amplifying a CEO's strengths and aligning their personal brand with the company's values can enhance shareholder perception, marketplace trust, and establish them as industry thought leaders. Raoul Davis is CEO of the Ascendant Group, an award winning, global leader in CEO branding firm. PR News top 100 ranked elite agency, #1 ranked minority owned PR firm celebrating 20 years working with CEOs and executives of leading businesses in the world. Ascendant offers one of the most integrated agency models in the world including brand strategy, PR, literary representation, design, social media, video, photography, and strategic relationships. Clients include Fortune 500 executives, INC 5000 CEOs, Venture Capitalists, high performing entrepreneur brands, and bestselling self-help Authors looking to amplify their reach. Davis regularly writes content for Forbes and Entrepreneur and has been invited to small business summits at the White House, U.S. Chamber of Commerce, and the U.S. Senate. He is the author of the book Firestarters: How innovators, initiators and instigators can inspire you to ignite your own life. Connect with Raoul: Website: https://www.ascendantgroupbranding.com/ Connect with Allison: Feedspot has named Disruptive CEO Nation as one of the Top 25 CEO Podcasts on the web and it is ranked the number 10 CEO podcast to listen to in 2024! https://podcasts.feedspot.com/ceo_podcasts/ LinkedIn: https://www.linkedin.com/in/allisonsummerschicago/ Website: https://www.disruptiveceonation.com/ Twitter: @DisruptiveCEO #CEO #brand #startup #startupstory #founder #business #businesspodcast #podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Karen Greve Young is the CEO of Futurpreneur, a national non-profit organization that has provided support to over 18,700+ young entrepreneurs across Canada since its establishment in 1996. Karen Greve Young, CEO, Futurpreneur Karen Greve Young, CEO, Futurpreneur In this video interview, she discusses what the organization does and some recent developments with it. Check out the previous news story here. BIO With her extensive background in finance and strategy, Karen is an accomplished leader in the non-profit sector, committed to driving inclusive economic and social prosperity through innovative approaches and strategic partnerships. She leads a committed team at Futurpreneur, working to empower diverse young entrepreneurs and foster sustainable, inclusive economic development within communities across Canada. Before joining Futurpreneur in 2018, Karen held the position of Vice President, Corporate Development & Partnerships at MaRS Discovery District, where she played a pivotal role in shaping corporate strategies, managing global innovation partnerships, and overseeing community engagement initiatives. Her earlier career encompasses various finance, management, and strategy roles in organizations such as Bain & Company, Gap Inc., and the Institute of Cancer Research in San Francisco, New York, and London. Karen's passion for making a difference extends beyond her professional endeavors. She co-authored a book with her mother titled “Love You So Much, A Shared Memoir,” documenting their journey through her mother's battle with ovarian cancer. Karen also serves as Chair of the Board of Ovarian Cancer Canada, further demonstrating her commitment to supporting important causes. She holds an MBA from Stanford University's Graduate School of Business and a BA in Economics from Harvard University, both with honours. With her exceptional leadership, diverse experience, and unwavering dedication, Karen Greve Young continues to drive positive change and inspire the next generation of entrepreneurs in Canada. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story

RE/MAX Canada has released its 2024 RE/MAX Canada Condominium Report. In this video interview, Samantha Villiard, Regional Vice President, RE/MAX Canada, discusses the key findings from the report. PRESS RELEASE TORONTO, Oct. 9, 2024 /CNW/ — Despite fears of leaving money on the table, sellers have returned to housing markets across the country in large numbers as the promise of future interest rate cuts draw skittish buyers back into the fray, according to a report released today by RE/MAX Canada. The 2024 RE/MAX Canada Condominium Report examined condominium activity between January – August 2024 in seven major markets across the country including Greater Vancouver, Fraser Valley, City of Calgary, Edmonton, Greater Toronto, Ottawa and Halifax Regional Municipality, and found that condo listings have soared in anticipation of increased demand in the fourth quarter of 2024 and early 2025. Growth in inventory levels was highest in the Fraser Valley (58.7 per cent), followed by Greater Toronto (52.8 per cent), City of Calgary (52.4 per cent), Ottawa (44.5 per cent), Edmonton (17.7 per cent), Halifax Regional Municipality (8.1 per cent) and Vancouver (7.3 per cent). Values have held up surprisingly well given the influx of listings, with gains posted in Calgary (15 per cent), Edmonton (four per cent), Ottawa (2.3 per cent), Vancouver (1.9 per cent), Fraser Valley (1.9 per cent), and Halifax (1.2 per cent). Meanwhile in Greater Toronto, the average price fell two per cent short of year-ago. While sales were robust in Alberta thanks to in-migration from other parts of the country, Edmonton led the way in terms of percentage increase in the number of condos sold, up just close to 37 per cent from year-ago levels, marking the region's best performance in the previous five-year period. This is followed by a more tempered Calgary market, which was up 2.6 per cent over 2023. Remaining markets saw home-buying activity soften in the condominium sector. “High interest rates and stringent lending policies pummeled first-time buyers in recent years, preventing many from reaching their home-ownership goal, despite having to pay record high rental costs that mirrored mortgage payments,” says RE/MAX Canada President Christopher Alexander. “The current lull is the calm before the storm. Come spring of 2025, pent-up demand is expected to fuel stronger market activity, particularly at entry-level price points, as both first-time buyers and investors once again vie for affordable condominium product.” SOURCE: Greater Vancouver REALTORS, Fraser Valley Real Estate Board, Calgary Real Estate Board, REALTORS Association of Edmonton, Toronto Regional Real Estate Board, Ottawa Real Estate Board, Nova Scotia Association of REALTORS. *Apartments Only **Estimated average price for Greater Vancouver Edmonton and Calgary remain firmly entrenched in seller's market territory, while conditions are more balanced in Greater Vancouver, Fraser Valley, Ottawa and Halifax. These markets will likely transition in 2025. Toronto may be the last to emerge from more sluggish conditions, however, Alexander notes that it's a market that has been known to turn quickly. Absorption rates will be a key indicator. Certainly, the market forces of supply and demand always prevail, so some neighbourhoods will fare better than others. Of note in Toronto, prices have likely bottomed out and that's usually evidence that a turnaround is in sight. The current uptick in inventory levels is drawing more traffic to listings, yet buyers remain somewhat skittish across the country. The first two Bank of Canada interest rate cuts did little to entice prospective homebuyers to engage in the market, given the degree of rate increases that took place. However, with further rate reductions expected and policy adjustments to address affordability and ease entry into the market, activity will likely start to climb, particularly among end users. “Even in softer markets, hot pockets tend to emerge,” says Alexander. “In the condominium segment we're seeing a diverse mix among the most in-demand areas, ranging from traditional blue-chip communities to gentrifying up-and-comers, as well as suburban hot spots. Condominiums in choice recreational areas were among the markets posting stronger sales activity—a trend that was also reflected in our single-detached housing report issued earlier this year.” In each market, there are condominium pockets that defied overall trends. In the Greater Toronto Area, condominium sales were up by double digits in the first eight months of 2024 in midtown communities such as Toronto Regional Real Estate Board (TRREB)'s Yonge-Eglinton, Humewood-Cedarvale, Forest Hill South (C03) where activity increased 25.3 per cent (114 condo sales in 2024 compared to 91 sales in 2023) and Bedford-Park-Nortown, Lawrence Park, and Forest Hill North (C04) rose 13.3 per cent (128/113). The west end's High Park, South Parkdale, Swansea and Roncesvalles (W01) communities experienced a 15.7-per-cent upswing in units sold (206/178) while neighbouring W02 including High Park North, Junction, Lambton Baby Point, and Runnymede-Bloor West Village climbed 25.2 per cent (189/151). In the east end, the Beaches (E03) reported a 20.3-per-cent increase in sales activity. In Greater Vancouver, an uptick in apartment sales was noted in suburban markets including Port Coquitlam where the number of units sold was up 11 per cent (263 in 2024 compared to 237 in 2023) while more moderate increases were posted in New Westminster (up 0.4 per cent) and recreational communities such as Whistler/Pemberton (up 3.3 per cent). In Fraser Valley, Mission was the sole market to experience an increase in apartment sales, according to the Fraser Valley Real Estate Board, up just over 74 per cent year-over-year (68 in 2024 compared to 39 in 2023). Strong sales were also reported in Calgary neighbourhoods such as Eau Claire (up 59.1 per cent) and Downtown East Village (up 17.3 per cent). Meanwhile, RE/MAX found that investor activity has stalled in most markets. The slowdown has been most notable in Greater Toronto, where up to 30 per cent of investors have experienced negative cashflow on rental properties as mortgage carrying costs climbed, according to analytics by Urbanation and CIBC Economics. Investor confidence is expected to recover in the months ahead, as interest rates fall and return on investment (ROI) improves. Edmonton bucked the trend in investor pullback. With supply outpacing demand in Canada's most affordable condominium market, savvy investors in Edmonton have been actively revitalizing tired condominium stock and subsequently renting it out for top dollar. Affordability has been a significant draw for out-of-province investors, particularly those from Ontario and British Columbia who are seeking opportunities further afield to bulk up their portfolios. Out-of-province developers and builders have been similarly motivated by Edmonton's lower development costs and lack of red tape. Halifax to a lesser extent has drawn investor interest, with affordability, low vacancy rates and upward pressure on rents being the primary factor behind the city's appeal. “In many markets, end users are in the driver's seat right now,” explains Alexander. “While investors are an important part of the purchaser pool, this point in time is a unique opportunity for aspiring condominium buyers who, for a short window of time, will likely see less competition from investors and a better supply of product. This is especially true in Toronto and Vancouver, where the impact of monetary policy has hit investor profit margins to a greater extent despite high rent and low vacancy rates. With values set to rise, this is arguably the most favourable climate condominiums buyers have seen in recent years.” In the longer term, immigration to Canada and in-migration/out-migration from one province or region to another will continue to prop up demand for condominiums in the years to come, as condominiums now represent both a first step to home ownership, and increasingly—in Canada's most expensive markets—the middle step as well. Although population numbers are forecast to contract in the short-term, overall growth will resume, with Statistics Canada's projections falling just short of 44 million to as high as 49 million by 2035. Increasing density and urbanization, along with continued population growth is expected to support the long-term outlook for condominium activity nationally. Canada's urban population has been climbing consistently since the post-WWII period with an estimated 80 per cent of Canadians residing in urban centres. Downtowns are growing fast, and more rapidly than ever before. “The housing mix is evolving very quickly as a result of densification and urbanization. Condominiums now represent the heart of our largest cities, and it is inevitable that further development will see condos become the driving force accounting for the lion's share of sales in years to come,” says Alexander. “It's a physical and cultural shift that Canadians are not only adjusting to but are embracing, as younger generations redefine urban neighbourhoods, sparking demand for vibrant and robust amenities, infusing new life in Canada's urban cores in the process.” Market by market overview Greater Vancouver Area and Fraser Valley Softer market conditions prevailed throughout much of the year in the Greater Vancouver Area and the Fraser Valley, with fewer sales of condominium apartments occurring across the board in 2024. In Greater Vancouver, year-to-date apartment sales between January and August were well off year-ago levels at 9,248, according to Greater Vancouver Realtors, down just over eight per cent from the same period in 2023. Neighbouring Fraser Valley reported just 3,130 apartments changing hands between January and August of this year, down 8.5 per cent from year-ago levels. Values continue to climb in the Fraser Valley, where the overall average price year-to-date for apartment units is up two per cent year-over year ($559,215/$548,658) according to the Fraser Valley Real Estate Board, while Vancouver has edged up two per cent to $823,550 in 2024, compared to $807,085 in 2023. Home-buying activity started with a bang in both Greater Vancouver and the Fraser Valley this year as the anticipation of interest rate cuts in April fuelled momentum. When it became evident that interest rates would hold steady until June or July, the wind was sucked from the market sails. Several areas in Greater Vancouver have reported an increase in year-to-date sales, including Port Coquitlam (263 sales in 2024 compared to 237 sales in 2023), New Westminster (546/544) and Whistler/Pemberton (186/180). Despite several interest rate cuts to date, however, buyers are still skittish, holding off on purchasing their home until rates decline further, while sellers are reluctant to list their homes for fear of leaving money on the table. The catch-22 situation has been frustrating for buyers and sellers alike, but buyers who pull the trigger now on a purchase, may ultimately find themselves in a better position come spring. Selection is good with more than 2,100 apartments currently listed for sale in Greater Vancouver and another 2,080 available in the Fraser Valley, and buyers have the luxury of time to make thoughtful decisions. Come spring, the number of purchasers in the market is expected to increase, placing upward pressure on values. Some of the most popular areas for condominium sales in Greater Vancouver in recent years are in East Vancouver. Its culturally diverse and artsy neighbourhoods, top-shelf restaurants and cafés, including Michelin Star Published on Main, as well as craft breweries and entertainment, have served to draw a younger demographic. False Creek, Mt. Pleasant, Kits Point, Fairview, Pt. Grey and Dunbar offer condo buyers a spectacular view of North Vancouver and the Burrard Inlet and easy access to the Skytrain, bike and walking paths, parks and recreational facilities. A one-bedroom apartment in an established building in Mt. Pleasant can be purchased for approximately $650,000, while newer product can be picked up for as low as $490,000 to a high of $928,000. Prices in nearby Kits trend higher with a one-bedroom hovering at $715,000 on average. The lion's share of apartment sales in both Greater Vancouver and Fraser Valley are occurring under the $800,000 price point for a one-bedroom apartment, while a two-bedroom priced below $1 million will generate solid interest. The Valley tends to offer greater selection under the $800,000 price point, and typically has more appeal with first-time buyers. As demand rises in tandem with the Bank of Canada's interest rate cuts, absorption levels should increase. Spring of 2025 is expected to be characterized by strong demand and dwindling supply, with modest increases in average price. Strong economic fundamentals going into the new year will support an increase in home-buying activity, with lower interest rates and longer amortization periods helping to draw first time buyers into the market once again. City of Calgary While interprovincial migration has slowed from year-ago levels, overall net migration to Alberta continues to climb, sparking demand in the province's affordable real estate market. In Calgary, the sale of condominium apartments experienced a modest increase of almost three per cent in the first eight months of the year, with 5,722 units changing hands compared to 5,577 sales during the same period in 2023. Year-to-date average price has climbed 15 per cent year-over-year to just over $347,000, up from $301,868 in 2023, according to the Calgary Real Estate Board. Growth has been noted in virtually all areas of the city, with the greatest percentage increases in sales occurring in Eau Claire (59.1 per cent), Killarney/Glengary (46.7 per cent), Garrison Woods (64.7 per cent) Garrison Green (23.5 per cent) and Currie Barracks (18.2 per cent). Most condominium apartment sales are occurring in the downtown district, where walkability plays a major role. Younger buyers tend to gravitate toward the core area, which allows residents to walk to work and amenities. Not surprisingly, the highest number of sales occurred in the Downtown East Village, where 129 units have been sold year to date, up from 110 sales one year ago. Significant gains have also been posted in average price, with Saddle Ridge experiencing an increase in values close to 36 per cent, rising to $317,997 in 2024, followed by Hillhurst, which increased 21.4 per cent to $423,873. Out of the 12 key Calgary markets analyzed by RE/MAX, seven posted double-digit gains in values. Seller's market conditions prevailed in the city throughout much of the year, with strong demand characterizing home-buying activity. Luxury apartment sales are on the upswing, with 49 apartments selling over $1 million so far this year compared to 41 during the same period in 2023, an increase of 19.5 per cent. Empty nesters, retirees and oil executives are behind the push for high-end units, most of which are in the downtown core offering spectacular views of both the Bow River and the mountains. First-time buyers are most active in the suburbs, where they can get the best bang for their buck in communities such as McKenzie Town, Panorama Hills and Saddle Ridge. Apartment values in these areas average around $300,000, making them an attractive first step to home ownership, but also an affordable entry point for small investors. After a heated spring market, inventory levels have improved substantially, with a relatively good selection of condominiums available for sale. Inventory levels hover at close to 1,500, up substantially from year-ago levels, with the sales-to-new listings ratio now sitting at 60 per cent. With interest rates trending lower, more buyers and a greater number of investors are expected to enter the market in the year ahead. Rather than waiting for next spring, when rates are lower but prices are higher, buyers may want to consider making a purchase today when supply is healthy and market conditions are less heated. Buying with a two-month closing could also capture the expected Bank of Canada rate cuts in October and December. Edmonton Home-buying activity in the Edmonton's apartment segment exploded in 2024, with year-to-date sales almost 37 per cent ahead of year-ago levels. Affordability continues to be the catalyst for activity, with 3,351 units changing hands, up from 2,452 sales one year ago, making 2024 the best year for apartment sales in the past five years (for the January to August period). The average price of an apartment in Edmonton year-to-date is $200,951, up four per cent over year-ago levels, according to the Realtors Association of Edmonton, making Edmonton the lowest-priced major market in the country. Immigration and in-migration have seriously contributed to the uptick in sales, with Edmonton reporting record population growth in 2023. Statistics Canada data for Alberta in the second quarter of 2024 show net interprovincial migration continues unabated, up almost 11 per cent, with 9,654 new residents coming from other Canadian centres – the majority hailing from Ontario and British Columbia. During the same period, immigration numbers remained relatively constant at 32,000. The sales-to-new-listings ratio now sits at 65 per cent—clear seller's territory. Many condominiums are now moving in multiple offers. The influx of newcomers has buoyed the city, with growth evident in neighbourhoods from the downtown core to the suburbs. Most are buying up properties, as opposed to renting, as they may have done in years past. Home ownership is more-easily attainable in Edmonton relative to other major cities, with the cost of a condominium apartment as low as $100,000. Newer condominiums are available for less than $300,000. Condominiums vary in shape and size in Edmonton, with row house condominiums featuring a backyard and a garage being a major attraction. Investors have also entered the picture, buying up older, tired condo units, fixing them up and renting them out for top dollar. Lower development costs have also prompted an influx of out-of-province builders and developers who can quickly construct 20- and 30-floor high-rise towers or townhouse developments that fill the missing middle. Well-known builders in Ontario and British Columbia are moving into the Alberta market because of the lack of red tape. Several condominium buildings are currently underway, with many more in various stages of planning. With demand currently outpacing supply, the quicker these units come on stream, the better. By 2027, more balance market conditions are expected. First-time buyers are also exceptionally active in the condo segment. Affordable price points and a notable lack of provincial and municipal land transfer taxes allow younger buyers to easily enter the market. Purchasers who are coming from other provinces quickly realize how far their dollar stretches in Edmonton, as the low cost of housing allows for more disposable income. Homeowners can pay their mortgage, go out for weekly dinners, and have an annual vacation, without too much stress. Amenity-rich Oliver remains one of the most coveted hubs in Edmonton. West of 109th St. and the downtown core, the diverse neighbourhood offers a mix of new condominium development including walk ups, mid- and high-rise buildings, and peripheral spin off including retail shops, restaurants and entertainment, all within a short walk to the River Valley. Demand is especially high thanks to the walkability of the area and close proximity to the ICE District. Old Strathcona and Whyte Avenue are also sought-after. The trendy arts and cultural area boasts a mix of funky, bohemian-style and historic buildings, galleries, boutiques, shops, restaurants, cafes and a vibrant nightlife. Edmonton's housing market continues to be driven from the bottom up. Renters move into condo apartments, who move into condo row housing, who move into townhomes and eventually make their way to single-detached homes. The cycle is expected to be supported by a strong local and provincial economy heading into 2025 as monetary policy continues to ease, households and businesses increase spending, and oil prices climb. Greater Toronto Area Demand for condominium apartments and townhomes in the Greater Toronto Area has softened year-over-year, with sales off 2023 levels by eight per cent. Close to 16,800 condo apartments and townhomes changed hands between January and August 2024, down from 18,263 sales during the same period in 2023. Overall condominium values fell almost two per cent, with average price now sitting at $732,648 for apartments and townhomes, down from $747,039 during the same period in 2023, according to data from the Toronto Regional Real Estate Board (TRREB). Two buyer pools are impacting the condominium market at present—investors and end users. The investment segment has stalled, as a growing number of condominium investors find themselves unable to cover their carrying costs when closing, despite a relatively strong rental market. In a July 2024 report, Urbanation and CIBC Economics examined the distribution of cash flow by dollar amount and found that 30 per cent of investors of new condos completed in 2023 were cash flow negative by $1,000 or more. End users, especially those seeking larger one-bedroom-plus-den or two-bedroom units, are active in the condo market, particularly in the Forest Hill South, Yonge-Eglinton, Humewood-Cedarvale (C03) and Bedford-Nortown, Lawrence Park and Forest Hill North (C04). Several new buildings in these areas have prompted a 25.3- and 13.3-per-cent uptick in sales activity respectively, while average price has edged slightly higher in Forest Hill South, Yonge-Eglinton, Humewood-Cedarvale ($871,839 in 2024 compared to $863,681 in 2023). Double-digit increases in year-to-date condominium sales in the 416 were also reported in west end communities such as High Park, South Parkdale, Swansea and Roncesvalles (up 15.7 per cent), High Park North, Junction, Lambton- Baby Point, and Runnymede-Bloor West Village (up 25.2 per cent); and in the east, the Beaches area (up 20.3 per cent). In the 905-area code, an uptick in condo activity was noted in Halton Hills (up 21.6 per cent) and Milton (up 13.3 per cent); and in Newmarket (up 30.6 per cent). Close to 43 per cent of TRREB districts in the 416-area code reported modest gains in average price between January and August of 2024, led by the Annex, Yonge-St. Clair (C02), with a close to 14-per-cent increase in values. One in four markets in the 905-area code have posted gains in condominium values year-over-year. Inventory levels continued to climb throughout much of the year as available resale units were joined by an influx of new completions on the Multiple Listing Service (MLS). Selection has vastly improved over year-ago levels, with over 8,300 apartment units actively listed for sale at the end of August, compared to 5,455 units during the same period in 2023. Almost 1,700 active listings were reported in the condo townhouse segment, up 53 per cent from the 1,110 posted in 2023. Pre-construction condominium assignments are still occurring as investors look to sell their units before registration, but the pace has subsided since 2023. New completions have slowed in the second quarter of this year in Greater Toronto–Hamilton in large part due to the lack of investor interest, with starts off last year's level by 67 per cent, according to Urbanation. Repercussions in the short-term will be negligible but the longer-term impact is expected to be substantial. Twenty-thousand new condominium units are planned for the GTA in 2025; 30,000 in 2026; and 40,000 in 2027. In 2028, the figure falls to 5,000 units. At that point, construction will heat up, but not fast enough to meet demand. With a six-month supply of condominiums currently available for sale, the GTA market is heading into clear buyers' territory. With values at or near bottom and Bank of Canada overnight rates trending lower, the fall market may represent the perfect storm for first-time buyers. As rates drop, more buyers are expected to enter the market in the months ahead. As absorption rates increase, the current oversupply will be diminished and demand will take flight, placing upward pressure on average prices once again. Ottawa Although downsizing empty nesters, retirees and first-time homebuyers fuelled steady demand for condominium apartments and walk-ups in Ottawa in 2024, the number of units sold between January and August fell short of year-ago levels. The Ottawa Real Estate Board reported just over 1,400 condominium apartments changed hands year to date, down less than one per cent from 2023. Meanwhile, values rose 2.3 per cent over last year, with average price rising to $447,042. Affordability remains a major concern in Ottawa, despite changes to monetary policy in recent months. First-time buyers find themselves locked out of the freehold market, given high interest rates and stringent lending policies. Fixed mortgage rates have dropped in recent weeks and are expected to continue to decline for the remainder of the year and into 2025, but potential buyers are still wary. Inventory levels have increased year over year as a result, with active listings in August hovering at 636, approximately 44.5 per cent ahead of 2023. First-time buyers who choose to move forward with a purchase are typically looking for condominiums with low monthly maintenance fees and a parking spot priced from $500,000 to $550,000. The downtown core to Centretown and Dows Lake are popular destinations, given the proximity to the workplace, shops and restaurants. Those seeking to spend less could find a lower-priced unit in an older building for $350,000 but monthly condominium fees would be significantly higher. Suburban condominiums in areas such as Kanata, Barrhaven, and Orleans are also an option, priced from $375,000 to $400,000. Tighter inventory levels exist in the luxury segment, where fewer condominium apartments are available over the $850,000 price point. Empty nesters and retirees are responsible for the lion's share of activity in the top end of Ottawa's condominium market. Westboro, the Golden Triangle, and Centretown, as well as neighbourhoods undergoing gentrification including The Glebe, Lansdowne, and Old Ottawa East, are most sought-after by buyers, many of whom are downsizing. Walkability is a major factor in these communities, with condominium apartments within walking distance to top restaurants and cafes, unique shops and picturesque walking paths. As consumer confidence grows with each interest rate cut, more and more buyers should return to the market. Fourth-quarter sales are expected to be comparable to year-ago levels, but the outlook for spring of 2025 appears to be bright. Pent-up demand is building and those first into the market will reap the rewards. Halifax Regional Municipality After three consecutive interest rate cuts and the prospect of two more by year end, optimism is finally building in the Halifax Regional Municipality housing market. Average condominium values have edged ahead of year-ago levels in the first eight months of the year, now sitting at $484,491, up one per cent over the $479,558 reported during the same period in 2023. Condominium sales, however, declined year over year, with 510 properties changing hands between January and August, down close to seven per cent from last year's levels, according to data compiled by the Nova Scotia Association of Realtors. The trepidation that existed earlier in the year is subsiding and confidence is starting to grow as inflation is curtailed. The most competitive segment of the overall housing market remains under $600,000 in the Halifax area, with first-time buyers most active at this price point. Entry-level condominiums priced between $300,000 and $400,000 are most sought after, while semi-detached and townhomes tend to be the preferred choice over $400,000. At the top end of the market, condominium sales over $750,000 have experienced a modest uptick, with 35 properties sold so far this year, compared to 34 during the same period one year ago. Year-to-date average price in the top end of the market has softened from year-ago levels, sitting at almost $940,000, down from $957,300 during the same timeframe in 2023. Young professionals and retirees are largely behind the push for higher-end condominiums, with most sales occurring within the city's downtown core. Downward pressure on interest rates has prompted more sellers to list their condos in recent weeks, but there are no liquidation sales occurring. Inventory levels are up just over eight per cent from 2023. The vast majority of condominium apartments are found on the peninsula's northeast quadrant, central and downtown cores. Some developments are situated on the waterfront in Dartmouth (near the ferry) and in Bedford, but supply is less plentiful in these areas. Investors are also active in Halifax's condominium market with an eye toward rental properties. Multi-unit housing remains exceptionally popular, with most investors interested in buildings with eight to 10 units. Four-plexes and duplexes are also an option, given the city's low vacancy rates and upward pressure on rent. In-migration and immigration have continued to play a role in the city's growth, although the influx of newcomers has abated somewhat from peak levels. Positive international immigration, coupled with interprovincial migration, contributed to a net increase of 6,000 people in the second quarter of 2024. Major improvements are planned for the Dartmouth waterfront that will make it more pedestrian friendly in the coming years, including public spaces and cruise ships. The redevelopment hopes to mirror the success of Halifax's vibrant waterfront area that continues to attract both visitors and residents to the area's restaurants and cafes, outdoor kiosks, retail shops, playgrounds, museums, and the ferry terminal.  With continuous investment and a bold new vision for the municipality, Halifax is expected to thrive in the years ahead, given the city's affordable real estate and spectacular topography. About the RE/MAX Network  As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario–Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #Condo Market #Condos #entrepreneurs #entrepreneurship #Homes #Housing #RealEstate #small business

Royal LePage has released its Q3 Home Price Update and Market Forecast. In this video interview, Phil Soper, President and CEO of Royal LePage, discusses the state of house prices in Canada, demand in the market, inventory levels and what to expect in the future. PRESS RELEASE TORONTO, Oct. 10, 2024 /CNW/ – According to the Royal LePage House Price Survey released today, the aggregate1 price of a home in Canada increased 1.6 per cent year over year to $815,500 in the third quarter of 2024. On a quarter-over-quarter basis, however, the national aggregate home price decreased 1.1 per cent, following sluggish activity in most – though not all – markets through the summer months. Coast to coast, sales volumes began to pick up in September, and more than one third (38%) of regional markets covered in the report recorded positive aggregate price gains in the third quarter over the previous quarter. “Despite three cuts to the Bank of Canada's overnight lending rate, buyer demand nationally remains weak, particularly among two key groups: first-time homebuyers and small investors,” said Phil Soper, president and chief executive officer, Royal LePage. “First-time buyers, who are more sensitive to interest rates, are adopting a wait-and-see attitude. With home prices essentially flat and interest rates steadily declining, they perceive no penalty in postponing their purchase. _______________________________ 1 Aggregate prices are calculated using a weighted average of the median values of all housing types collected. Data is provided by RPS Real Property Solutions and includes both resale and new build. “Similarly, small investors who typically buy condominiums to rent out and supply much of Canada's rental housing, are also hesitant. Elevated rates have made the financials unworkable, with carrying costs surpassing rental income. While historically some landlords accept negative cash flow temporarily when properties are appreciating in value, the current flat prices do not justify many investments,” said Soper. “We believe that both groups will re-enter the market in significant numbers as property values begin to rise again. With further rate cuts from the Bank of Canada likely this year, we anticipate prices will appreciate more quickly, eliminating the advantages of waiting for first-time buyers and making calculations more favourable for investors. “Total listings on royallepage.ca, Canada's most visited real estate company website, reached a historical high in September, up 19 per cent year over year,” continued Soper. “Clearly, existing homeowners are ready to move. And, all buyers have more choice and less competition than is typical in our growing nation. The market recovery is underway and will continue to gain strength into 2025.” The Royal LePage National House Price Composite is compiled from proprietary property data nationally and regionally in 64 of the nation's largest real estate markets. When broken out by housing type, the national median price of a single-family detached home increased 2.0 per cent year over year to $850,400, while the median price of a condominium increased 0.5 per cent year over year to $590,200. On a quarter-over-quarter basis, the median price of a single-family detached home decreased modestly by 1.2 per cent, while the median price of a condominium decreased 1.1 per cent. Price data, which includes both resale and new build, is provided by RPS Real Property Solutions, a leading Canadian real estate valuation company. “With rates dropping, we see positive signs for sidelined buyers. As confidence grows and buyers anticipate rising prices, we expect a significant increase in activity. Given the building demand – both organic and from immigration – the 2025 spring market may start as early as late January or early February, a pull-ahead phenomenon we've seen in previous market turnarounds. The stage is set for a busy year ahead.” New lending rules will ease affordability challenges and unlock opportunity for homebuyers In recent weeks, a series of new regulations impacting mortgages and lending practices in Canada were announced. Starting on December 15th, all purchasers of new construction homes and all first-time buyers will be able to acquire an insured mortgage with a 30-year amortization period.2 In addition, the federal government announced an increase to the insured mortgage cap from $1 million to $1.5 million. ______________________________ 2 Federal government announces landmark adjustments to mortgage rules for first-time buyers in Canada, September 17, 2024 Following the announcement of these changes, the Office of the Superintendent of Financial Institutions (OSFI) revealed that, beginning November 21st, it will eliminate the mortgage stress test for uninsured borrowers who plan to switch lenders upon renewing their loan, provided they maintain the same amortization schedule and loan amount.3 “These changes will have more impact on the early 2025 market than many anticipate. Expect a material bump in activity,” said Soper. “In addition to assisting first-time buyers, raising the cap on insured mortgages expands opportunities for move-up buyers in higher-priced markets, thereby freeing up inventory for new homeowners entering the market. “While these updated mortgage rules are a timely strategy to alleviate some affordability pressure, they are not a silver bullet for the fundamental issue that persists: Canada urgently needs more housing supply. Continued efforts to boost inventory are essential for fostering a sustainable and healthy real estate market for future generations.” According to a recent Royal LePage survey, conducted by Hill & Knowlton,4 84 per cent of Canadians belonging to the adult generation Z and young millennial cohort – those aged 18 to 38 – believe that home ownership is a worthwhile investment. Among those who do not currently own a home, 75 per cent say they are planning to purchase a property as a primary residence; nearly half (40%) of them say they plan to do so within the next five to ten years. In the report, Soper noted: “The youngest cohort of homebuyers in Canada have no shortage of barriers on their path to ownership. Though the cost of borrowing has begun to come down, chronic supply shortages have kept housing prices from dropping, even as demand softened under the weight of high interest rates. Despite these hurdles, the next generation of homebuyers remains committed to their pursuit of owning real estate, and are remarkably optimistic that they can make their dream a reality.” According to The Conference Board of Canada's latest report,5 consumer confidence is on the rise. In September, the Index of Consumer Confidence increased 3.3 per cent over the previous month, reaching its highest level in over a year. Furthermore, the percentage of Canadians who believe now is a good time to make a major purchase rose. Loans renewing at higher rates Even as interest rates soften, millions of Canadians who secured fixed-rate mortgages in the period of ultra-low borrowing conditions prior to March of 2022, have seen their monthly carrying costs increase upon renewal, or they will soon. _________________________________ 3 OSFI to drop mortgage stress test for uninsured borrowers who switch lenders at renewal, October 3, 2024 4 Gen Zs and young millennials still believe in home ownership, and they're willing to make sacrifices to achieve it, August 22, 2024 5 Canadian Consumers are Regaining Confidence, September 25, 2024 “The Bank of Canada will not be able to cut rates quickly or deeply enough to take away all of the renewal pain for those still on pandemic-era, low-rate mortgages,” noted Soper. “While a small percentage of these families may be forced to relocate to more affordable regions or to a less expensive property, the majority of Canadians are well-positioned to weather this situation, thanks to the strict lending practices and safeguards implemented by our highly-regulated financial institutions.” Currently, the Bank of Canada's key lending rate sits at 4.25 per cent.6 The central bank's governing council has hinted at further rate cuts to come, noting that they are working to balance the risk of stimulating economic growth – specifically inflating shelter prices – with the possibility of weakening labour markets.7 The next interest rate announcement is scheduled for October 23rd. Regional trends vary from coast to coast As was true of the pandemic-era real estate boom, the recovery is not unravelling evenly. Just as two of Canada's largest and most expensive markets reached higher highs and lower lows between 2020 and 2023, Toronto and Vancouver are now lagging behind in the recovery as well. Meanwhile, regional markets in the province of Quebec and in the Prairies have shown greater resilience through the period of elevated interest rates. “It's taking longer for activity and home prices to bounce back in major cities where affordability challenges are greatest. Following subdued activity this spring and summer in the Greater Toronto Area, we've begun to see a turnaround in the fall market with an increase in buyer demand and a boost in sales. Greater Vancouver has yet to catch up,” noted Soper. “The higher cost of living in these regions continues to result in residents migrating to other parts of the country, offset by newcomers who continually choose these cities upon arrival in Canada. Alberta continues to record population growth – made up in large part by inter-provincial migration from Ontario and British Columbia – while gains in Atlantic Canada have stalled since the pandemic rush to the Maritimes.” Forecast Royal LePage is forecasting that the aggregate price of a home in Canada will increase 5.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. The previously upgraded forecast has been revised down to reflect current market conditions, specifically in the greater regions of Toronto and Vancouver, which recorded lower-than-anticipated activity through the spring and summer months. “The market recovery, albeit uneven across the country, is well underway in a majority of markets. While we may not see significant price appreciation in the typically-slower fourth quarter of this year, we believe our previous forecast will come to fruition in the anticipated early spring market of 2025.” ____________________________________ 6 Bank of Canada reduces policy rate by 25 basis points to 4¼%, September 4, 2024 7 Summary of Governing Council deliberations: Fixed announcement date of September 4, 2024, September 18, 2024 Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 REGIONAL SUMMARIES Greater Toronto Area The aggregate price of a home in the Greater Toronto Area (GTA) increased 0.7 per cent year over year to $1,155,800 in the third quarter of 2024. On a quarterly basis, however, the aggregate price of a home in the GTA decreased 2.9 per cent. Broken out by housing type, the median price of a single-family detached home increased 1.6 per cent year over year to $1,421,000 in the third quarter of 2024, while the median price of a condominium dipped 0.4 per cent to $722,200 during the same period. “Activity in the third quarter was muted overall. The slower-than-expected spring market gave way to a soft start to fall in Toronto and the GTA, although the tide began to turn in mid-September. While inventory levels continued to rise and the average days on market sat higher than usual, prices came down only slightly in parts of the region in Q3,” said Karen Yolevski, chief operating officer, Royal LePage Real Estate Services Ltd. “This indicates that while sellers have come off the sidelines faster than buyers, they're not desperate to sell.” In the city of Toronto, the aggregate price of a home decreased 2.3 per cent year over year to $1,128,900 in the third quarter of 2024. During the same period, the median price of a single-family detached home declined 1.3 per cent year over year to $1,672,400, while the median price of a condominium decreased 3.2 per cent to $682,800. “Trends in Toronto's condo market have been marching to a different beat, compared to other property segments of late. A wave of new units has hit the market amid a near-record number of completions this year. And, with some investors offloading rental units that have become too expensive to carry, prices have softened. This could spell opportunity for first-time buyers, with borrowing rates on the decline and new 30-year amortization legislation set to come into effect that will ease the burden of monthly carrying costs,” noted Yolevski. “Looking ahead, as we move further into the fall market and lending rates continue to ease, sales activity and prices will start to edge upward modestly, and housing inventory will get consumed. I believe Toronto, along with most of the country, is set to see a brisk spring housing market in 2025.” Royal LePage is forecasting that the aggregate price of a home in the Greater Toronto Area will increase 6.0 per cent in the fourth quarter of 2024, compared to the same quarter last year. The previous forecast has been revised downward to reflect current market conditions. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Greater Montreal Area The aggregate price of a home in the Greater Montreal Area increased 5.2 per cent year over year to $605,400 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region rose 1.0 per cent. Broken out by housing type, the median price of a single-family detached home increased 7.1 per cent year over year to $691,500 in the third quarter of 2024, while the median price of a condominium posted a more modest increase of 4.0 per cent to $467,700 during the same period. “Despite three Bank of Canada rate cuts, we have yet to see a buyer rush. On the one hand, buyers are standing by, confident that further rate cuts are imminent and will create a more opportune time to buy. On the other hand, sellers are fine-tuning their strategies, counting on a wave of motivated buyers in the next few months,” said Dominic St-Pierre, executive vice president, business development, Royal LePage. “The Greater Montreal Area real estate market is performing well, with healthy growth in activity and prices, considering that Canada's other two major markets are stagnating.” With another announcement by the Bank of Canada due on October 23rd, additional pent-up demand is expected to be released into the market. According to the latest predictions by economists, October will bring the fourth and penultimate drop in the key lending rate for 2024. “The dilemma that seems to be keeping buyers awake at night is whether to jump in now before prices go up due to higher demand, or keep waiting and take advantage of even more attractive mortgage rates,” St-Pierre added. “We're already seeing an uptick in activity, which began in September.” In Montreal Centre, the aggregate price of a home increased 3.9 per cent year over year to $732,900 in the third quarter of 2024. During the same period, the median price of a single-family detached home increased 8.1 per cent to $1,147,000, while the median price of a condominium increased 4.4 per cent to $570,700. St-Pierre welcomes the federal government's action to improve access to home ownership for first-time buyers by extending the amortization period on mortgages to 30 years. However, this measure is likely to boost real estate demand and property prices. “The housing affordability issue is a top priority for many, and we owe it to ourselves as a society to provide solutions for future generations who will be faced with the realities of a higher cost of living. That said, these new measures raise the age-old question: what impact will they have on real estate demand in terms of rising property prices in Canada in the context of a chronic housing shortage? In the short term, these measures are likely to fuel existing demand and drive up prices. However, in the long term, this easing of mortgage rules will help many first-time buyers access home ownership and build wealth.” Royal LePage is forecasting that the aggregate price of a home in the Greater Montreal Area will increase 8.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Greater Vancouver The aggregate price of a home in Greater Vancouver increased a modest 0.5 per cent to $1,233,900 year over year in the third quarter of 2024. On a quarterly basis, however, the aggregate price of a home in the region decreased 1.4 per cent. Broken out by housing type, the median price of a single-family detached home increased 0.4 per cent year over year to $1,754,500 in the third quarter of 2024, while the median price of a condominium increased 0.2 per cent to $768,600 during the same period. “The Greater Vancouver market has remained relatively steady through the third quarter, with September showing similar patterns to the summer months. We didn't see a significant bump in activity and prices dipped just slightly compared to the second quarter,” said Randy Ryalls, general manager, Royal LePage Sterling Realty. “The slow activity across all segments can largely be attributed to buyers sitting on the fence waiting for further interest rate reductions, without any real urgency to make a move just yet.” Ryalls noted that the detached home segment in particular continues to experience weaker demand, and remains firmly in buyer territory today. “Interest rates are anticipated to continue their downward trend, and while the cuts so far haven't sparked a surge in activity, a more substantial drop – a 50 basis point decrease – could have a more noticeable impact on the market. Many potential buyers are waiting for the bottom before making their move,” added Ryalls. “With inventory continuing to grow, this is an optimal environment for those who are ready to buy – prices are holding flat and there are more properties to choose from.” In the city of Vancouver, the aggregate price of a home increased 0.6 per cent year over year to $1,409,800 in the third quarter of 2024. During the same period, the median price of a single-family detached home decreased 1.1 per cent to $2,244,400, while the median price of a condominium remained virtually flat, increasing 0.2 per cent to $839,600. “Between now and the end of the year, I expect activity to remain fairly flat. However, Vancouver's market trends tend to shift quickly, and if buyer urgency and activity reverse course, I wouldn't be surprised to see an uptick in prices as well.” Royal LePage is forecasting that the aggregate price of a home in Greater Vancouver will increase 3.0 per cent in the fourth quarter of 2024, compared to the same quarter last year. The previous forecast has been revised downward to reflect current market conditions. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Ottawa The aggregate price of a home in Ottawa increased 1.6 per cent year over year to $775,100 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region remained virtually unchanged, decreasing 0.3 per cent. Broken out by housing type, the median price of a single-family detached home increased 1.8 per cent year over year to $894,400 in the third quarter of 2024, while the median price of a condominium increased modestly by 1.0 per cent to $400,300 during the same period. “At the end of the summer, the Ottawa real estate market had approximately three months worth of inventory, teetering between a balanced and a seller's market. Properties tend to stay online for a little over a month these days, which signals a healthy marketplace for both buyers and sellers,” said Jason Ralph, broker of record and president, Royal LePage Team Realty. “Home prices have continued to hold steady in recent months as sellers stick with their listing strategy; they remain confident that they will secure the price they want, even if they have to wait. Buyers are still hunting for a bargain, and are comfortable taking their time to find the property that best suits their needs. Those who are under a time constraint are moving because they have to – many others continue to wait until borrowing rates become more affordable.” Ralph noted that new mortgage legislation is generating some buzz in the market, making first-time buyers more optimistic. Busy open houses and an increase in showing requests proves consumers' confidence in the trajectory of the market is improving. “We expect home prices to trend upward slightly throughout the rest of the year as new borrowing rules improve affordability for first-time buyers,” said Ralph. “Rising prices could be exacerbated if an election is called this year. Whenever there is a changeover in government, the Ottawa housing market tends to react more markedly than other major cities.” Royal LePage is forecasting that the aggregate price of a home in Ottawa will increase 4.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Quebec City The aggregate price of a home in Quebec City increased 10.5 per cent year over year to $388,600 in the third quarter of 2024. This represents the highest year-over-year price increase in Canada in Q3, and the highest price gain among the report's major regions for the second consecutive quarter. On a quarterly basis, the aggregate price of a home in the region remained virtually flat, increasing 0.4 per cent. Broken out by housing type, the median price of a single-family detached home increased 11.0 per cent year over year to $413,400 in the third quarter of 2024, while the median price of a condominium increased 14.5 per cent to $291,100 during the same period. Historically, Quebec City's real estate market has rarely stood out on a provincial or national scale. Due to the stability of its labour market, which is mainly driven by the provincial civil service, demand for real estate has rarely led to major price surges. “Overall, the province's markets have been relatively unaffected by the post-pandemic correction in real estate prices, compared to Ontario and British Columbia. Where declines did occur, they were slight and short-lived,” said Michèle Fournier, vice-president and certified real estate broker, Royal LePage Inter-Québec. “In Quebec City, the real estate correction simply never materialized. Instead, local and out-of-town demand continued to fuel rising prices without tiring, until late September. Now, buyers seem to have taken a breather, awaiting a possible further boost from the Bank of Canada with a rate cut this autumn, before repositioning themselves in the market.” This pause in activity is likely to be short-lived. With interest rates continuing to fall, and the federal government providing an additional leg-up by extending the mortgage amortization period for first-time buyers by a further five years, activity is expected to pick up quickly. “We view this initiative positively, since young buyers need additional assistance more than ever to be able to access a first home, even if this support will increase the interest portion of their mortgage bill,” said Fournier. “However, this initiative raises concerns about the impact on a real estate market characterized by high demand and limited supply. I think we're in for a very busy start to the year, particularly in the entry-level property market, which will be highly coveted by first-time buyers.” Royal LePage is forecasting that the aggregate price of a home in Quebec City will increase 9.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Calgary The aggregate price of a home in Calgary increased 6.9 per cent year over year to $698,700 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region increased a modest 0.7 per cent. Broken out by housing type, the median price of a single-family detached home increased 6.7 per cent year over year to $799,200 in the third quarter of 2024, while the median price of a condominium increased 8.2 per cent to $274,100 during the same period. “Calgary's real estate market saw a slight uptick in activity following the most recent interest rate cut by the Bank of Canada, just as the fall market got underway. We're seeing more inventory come onto the market, especially in the $700,000-and-up segment – many sellers who pulled their properties off the market in August re-listed in September to capitalize on the fall market momentum,” said Corinne Lyall, broker and owner, Royal LePage Benchmark. “While this hasn't fully converted to sales just yet, agents are certainly staying busy, which suggests more transactions will occur in the months ahead.” Lyall noted that competition in the lower end of the market remains tight and some homes are attracting multiple offers. While the region remains in a seller's market, conditions are gradually shifting toward more balance. “Looking ahead, we expect prices to remain fairly stable through the remainder of 2024. There is potential for modest growth if further interest rate cuts occur. I expect the region will stay in a seller's market right through the spring across most price points, particularly with continued demand for lower-priced homes.” Royal LePage is forecasting that the aggregate price of a home in Calgary will increase 8.0 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Edmonton The aggregate price of a home in Edmonton increased 5.4 per cent year over year to $456,300 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region increased 1.3 per cent. Broken out by housing type, the median price of a single-family detached home increased 5.7 per cent year over year to $498,900 in the third quarter of 2024, while the median price of a condominium increased 3.1 per cent to $201,000 during the same period. “Edmonton's real estate market is on track to have one of the most productive years on record. We had an extraordinarily busy summer. Typically, activity dips in July and August, but this year we saw a steady stream of sales right through the summer months. And, it looks like that momentum is being carried into the fall,” said Tom Shearer, broker and owner, Royal LePage Noralta Real Estate. “Inventory remains very tight – among the lowest levels we've seen in nearly two decades – as buyer demand continues to rise, driven in large part by first-time buyers from other cities and provinces relocating to the region. Our healthy job market and access to nature are a huge draw.” Shearer noted that while sales remain strong, the slow and steady pace of the Bank of Canada's rate cuts has helped to keep price gains in check. “Affordability remains a challenge, especially for those purchasing their first home with no equity to leverage. The gradual easing of borrowing rates is beginning to make an impact, and will continue to do so, but we have yet to see a dramatic boost in prices as a result,” added Shearer. “While consumer confidence is up overall, buyers remain cautious and many are waiting for more listings to come online. Activity should begin to plateau in the coming weeks. I expect a strong spring is on the horizon, especially with further rate cuts expected.” Royal LePage is forecasting that the aggregate price of a home in Edmonton will increase 6.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Halifax The aggregate price of a home in Halifax increased 2.2 per cent year over year to $510,100 in the third quarter of 2024. On a quarterly basis, however, the aggregate price of a home in the region decreased 0.7 per cent. Broken out by housing type, the median price of a single-family detached home increased 1.7 per cent year over year to $574,000 in the third quarter of 2024, while the median price of a condominium increased 4.0 per cent to $422,900 during the same period. “The recent cuts to the overnight lending rate have yet to meaningfully stir up activity in the housing market. Home sales in late summer were quite slow, which is to be expected that time of year. Only in the last few weeks as we've entered the early fall market have we seen an uptick in inquiries. Despite this quieter pace, buying and selling activity remains up compared to 2023 levels,” said Matt Honsberger, broker and owner, Royal LePage Atlantic. “Housing inventory continues to rise throughout the Halifax region, but not enough to meet the backlog of demand. Competition for homes in the lower end of the market remains tight, while those shopping in the move-up segment have the advantage of more listings to choose from. More properties are needed to satisfy the high demand from first-time buyers.” Honsberger noted that population growth in the Atlantic region has slowed to 2015 levels, ending the wave of migration that defined the pandemic real estate boom in 2020 and 2021. This has helped to soften market conditions for locals. “We are anticipating a busy fall market. The new 30-year mortgage amortization rules announced by the federal government, in addition to further rate cuts expected by the Bank of Canada, will help to keep the market steady throughout the coming months and into the spring of 2025,” added Honsberger. “Home prices will start to show upward movement when more move-up buyers jump back into the market, freeing up entry-level inventory for eager first-time purchasers.” Royal LePage is forecasting that the aggregate price of a home in Halifax will increase 6.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Winnipeg The aggregate price of a home in Winnipeg increased 4.4 per cent year over year to $402,600 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region remained virtually flat, decreasing 0.2 per cent. Broken out by housing type, the median price of a single-family detached home increased 3.9 per cent year over year to $441,000 in the third quarter of 2024, while the median price of a condominium increased 3.2 per cent to $264,400 during the same period. “Buying and selling activity in Winnipeg remained brisk throughout the late summer months and heading into the early fall; home sales are up compared to this time in 2023. Available inventory is down compared to typical levels for this time of year, which could result in steeper price increases in the months ahead as momentum builds heading into the fall,” said Michael Froese, broker and manager, Royal LePage Prime Real Estate. “The recent cuts made to interest rates, though they have improved consumer confidence, have not had a material impact on activity just yet. Rather, much of our market demand continues to be fuelled by a strong local economy and a growing population driven by new Canadians, as well as residents from Toronto and Vancouver who have relocated to Winnipeg in search of more affordable housing.” Froese added that new housing starts have improved from last year's levels as borrowing rates come down, giving builders some much needed financial relief. However, new development remains short of what is needed to meet current market demand. “We expect activity will continue to outperform 2023 levels for the remainder of the year,” said Froese. “Thanks to a combination of falling interest rates and new mortgage incentives announced by the federal government, buyer demand will only continue to grow heading into the new year. Given the amount of demand that will continue to come off of the sidelines as well, now is an ideal time for sellers to enter the market.” Royal LePage is forecasting that the aggregate price of a home in Winnipeg will increase 7.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 Regina The aggregate price of a home in Regina increased 5.0 per cent year over year to $387,100 in the third quarter of 2024. On a quarterly basis, the aggregate price of a home in the region increased modestly by 0.6 per cent. Broken out by housing type, the median price of a single-family detached home increased 6.6 per cent year over year to $424,600 in the third quarter of 2024, while the median price of a condominium remained virtually flat, increasing 0.2 per cent to $220,300 during the same period. “We continue to see robust sales activity in our housing market, as demonstrated by frequent bidding wars and homes selling over the asking price. Demand far exceeds the number of new listings, which is keeping prices on an upward trajectory,” said Shaheen Zareh, sales representative, Royal LePage Regina Realty. “All of this demand predates the recent cuts to the overnight lending rate – new immigrants, investors and buyers from more expensive cities in Canada have been major drivers of activity for some time. Though Regina has not historically had a strong condo market, we also continue to see momentum build in this segment, especially as young buyers seek affordable housing options.” Zareh added that Regina's rental market is experiencing strong demand as well, particularly for duplex and low-rise housing types. The majority of development in the region is currently in the rental segment. To prevent an overflow of supply, builders have kept a consistent pace when bringing new rental product to the market. “Based on current conditions, Regina will no doubt record a strong fall market performance. With additional interest rate cuts likely on the cards in the coming months, we expect buyer demand to increase as their borrowing power expands. This will put further upward pressure on home prices, unless we see a material increase in supply.” Royal LePage is forecasting that the aggregate price of a home in Regina will increase 6.5 per cent in the fourth quarter of 2024, compared to the same quarter last year. Royal LePage House Price Survey Chart: rlp.ca/house-prices-Q3-2024 Royal LePage Forecast Chart: rlp.ca/market-forecast-Q3-2024 For other regional releases, click here. Royal LePage Royalty-Free Media Assets: Royal LePage's media room contains royalty-free assets, such as images and b-roll, that are free for media use. Media room: rlp.ca/mediaroom Royalty-free assets: rlp.ca/media-assets About the Royal LePage House Price Survey The Royal LePage House Price Survey provides information on the most common types of housing, nationally and in 64 of the nation's largest real estate markets. Housing values in the Royal LePage House Price Survey are based on the Royal LePage Canadian Real Estate Market Composite, produced quarterly through the use of company data in addition to data and analytics from partner company, RPS Real Property Solutions, the trusted source for residential real estate intelligence and analytics in Canada. Additionally, commentary on housing market trends and data on price and forecast values are provided by Royal LePage residential real estate experts, based on their opinions and market knowledge. About Royal LePage Serving Canadians since 1913, Royal LePage is the country's leading provider of services to real estate brokerages, with a network of approximately 20,000 real estate professionals in over 670 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage® Shelter Foundation™, which has been dedicated to supporting women's shelters and domestic violence prevention programs for 25 years. Royal LePage is a Bridgemarq Real Estate Services® Inc. company, a TSX-listed corporation trading under the symbolTSX:BRE. For more information, please visit www.royallepage.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #entrepreneurs #entrepreneurship #HousePrices #smallbusiness

In this episode of the PR Wine Down, April and Laura welcome special guest Gini Dietrich! Gini is the founder, CEO, and author of Spin Sucks, host of the Spin Sucks podcast, and author of Spin Sucks (the book). She is also the creator of the industry-famous PESO Model.   Together, they dive into Gini's impressive career and discuss the future of PR across an expanding digital landscape, including the changes brought on by the rise of AI and the challenges associated with the increasing fractionalization of the news media. Plus, in this week's PR News segment, the hosts tackle a recent news story about a Colorado man who was left behind by co-workers on a corporate hiking retreat, and had to be rescued. April and Laura break down how this incident played out in the media and discuss what this unfortunate situation reveals about workplace culture today. Follow Gini's work here: https://spinsucks.com/  Read the PR  News of the Week here: https://www.si.com/onsi/adventure/hiking-feed/colorado-man-rescued-after-being-left-behind-by-co-workers-on-hiking-retreat  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. ⁠Visit the TR website here.: https://trustrelations.agency/  Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  

Explore the transformative power of self-reliance with communications expert Maha Abouelenein, as she shares insights from her book Seven Rules of Self-Reliance: How to Stay Low, Keep Moving, Invest in Yourself, and Own Your Future. Maha redefines self-reliance, not as isolation, but as empowerment — enabling you to serve others and create value. Drawing from her 30-year career with brands like Google and Netflix, she offers practical steps for mastering decision-making, adaptability, and resilience. Maha emphasizes the value of lifelong learning, nurturing relationships, and actively pursuing opportunities —  making this episode a powerful guide for anyone seeking personal and professional growth. Maha Abouelenein is a Personal Branding Expert, CEO and Founder of Digital and Savvy, and author of 7 Rules of Self-Reliance (October 2024). With over 30 years of experience, she has led strategic communications for global brands like Google, Netflix, and Careem (Uber Middle East), as well as high-profile startups and government entities. Maha helped PR giant Weber Shandwick establish a strong presence in the Middle East, leading the Cairo office and overseeing 18 regional offices. Raised in the U.S. to Egyptian parents, she bridges cultural divides, supporting companies navigating the Middle East market. Maha is also the host of the Savvy Talk Podcast and has been recognized by PR News and Forbes for her industry contributions. —Maha's Book: 7 Rules of Self-Reliance https://www.penguinrandomhouse.com/books/760285/7-rules-of-self-reliance-by-maha-abouelenein/  —Maha's Instagram: https://www.instagram.com/mahagaber/  —Maha's Website: https://www.mahaabouelenein.com/ —Maha's Twitter: https://x.com/mahagaber —Maha's LinkedIn: https://linkedin.com/in/maha-abouelenein —Maha's TikTok: https://www.tiktok.com/@maha.gaber If you want to dive deeper into Mark's content, search through every episode, find specific topics we've covered, and ask him questions, go to his Dexa page: https://dexa.ai/markgroves Themes: Self-Reliance Tips, Maha Abouelenein, How to be Self-Reliant, Personal Growth and Success, Building Resilience, Career Advice and Self-Reliance, Lifelong Learning Strategies, Entrepreneur Tips and Mindset, Adapting to Change, Professional Development Insights, Success in Turbulent Times, Investing in Yourself, Reputation Management, Creating Opportunities, Self-Awareness and Decision-Making This episode is sponsored by: —Organifi: Use code CREATETHELOVE for 20% off sitewide at http://www.organifi.com/createthelove —Cozy Earth: Use code GROVES for 40% off sitewide at http://www.cozyearth.com Contact us at podcast@markgroves.com for sponsor product support, questions, comments, or just to say hello! Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott Barras, Head of Work Dynamics, Canada, for JLL, discusses a recent survey by the commercial real estate company on the Future of Work. The video can be seen here. Press Release JLL's Future of Work Survey uncovers new opportunities for corporate real estate as two-thirds of business leaders expect their CRE budget to increase between now and 2030  CHICAGO, Sept. 9, 2024 – Despite the challenging commercial real estate landscape and mixed economic environment, global business leaders are bullish on the future, with two-thirds (65%) expecting their CRE budgets to increase between now and 2030, as revealed in JLL's (NYSE: JLL) Future of Work survey. The biennial, global survey explores the evolving world of work by assessing the key priorities, challenges and strategies that are top of mind for more than 2,300 business and CRE decision makers. This year's findings are unveiled through a series of articles exploring key areas of focus for corporate real estate teams: Managing the implications of shifting work patterns; Partnering with the C-suite to support CRE investment; Identifying CRE activities for ‘AI copiloting'; Moving from ambition to action on sustainability commitments; and Defining the future-fit CRE function. The first two articles, launched today, dive into the effects of shifting work patterns on workplace expectations, and what the changing world of work means for the way the CRE function operates as more than 64% of leaders expect to increase and rebalance their headcount by 2030, in an attempt to recruit the right skills for the future. “Since our 2022 survey, the CRE landscape has become increasingly complex and dynamic, evolving toward better office use. We see that in these results, and in our conversations with clients,” said Neil Murray, Global CEO, Work Dynamics, JLL. “Looking ahead, business and CRE leaders working to drive talent and efficiency throughout their organization must consider the unique needs of their organization, and leverage tools such as tech, AI, and upskilling, as well as strategic partnerships across the value chain to enable the CRE function to reach its full potential as a powerful agent of transformation.” Competing visions on the most efficient workstyles create renewed CRE challenges Business leaders are mainly focused on three corporate goals over the next five years: growing revenue through expansion and M&A (57%), attracting and retaining talent (53%) and achieving organizational efficiency (54%). However, the juxtaposition that lies between driving revenue growth through top talent and increasing efficiency requires leaders to delicately balance priorities and assess the role of offices as places that enable employees to deliver their best work. Strong momentum toward office-based work since 2022 has brought forth expectations among respondents to increase use of office space (62%), where more than half of leaders plan to grow their total footprint over the next five years. Today, 44% of organizations are considered “office advocates,” who would like to see staff in the office five days a week – as compared to 2022, when just 34% of employees were working in the office full time. Hybrid work is here to stay, but the office is central to work again. Today, 85% of organizations have a policy of at least three days of office attendance per week, and 43% expect the number of in-office days to increase by 2030 Globally, hybrid work is more likely to take place at large organizations in EMEA, where hybrid workstyles are considered a key part of the employee value proposition, and largely in sectors including e-commerce, energy & renewables, technology and life sciences. Office advocates alternatively tend to be small-to-medium sized companies in APAC or the Americas, across sectors such as healthcare, retail and manufacturing. Beyond those big trends, the reality is often more complex, with different workstyles coexisting within many organizations. Today's office advocates also make a concerted effort to address diverse workplace needs – they are more focused on making accessible workplaces (49% vs. 36% of hybrid adopters), tailored to meet the needs of different generations, cultures, and neurodiversity specificities, and may even pay a premium to occupy buildings with leading health and wellbeing credentials. With office attendance may also come new opportunities for compensation and career advancement– more than a third (39%) of respondents could envision introducing different pay and benefits to employees who attend the office regularly. “The future of work looks different across companies and regions, reflecting the unique nature of organizations and employee needs. It keeps shifting and requires building evolutionary office programs and spaces, able to adapt to continuous changes in the workstyles,” said Cynthia Kantor, CEO, Project & Development Services, JLL. “Globally, as CRE budgets and footprints receive new investment, the corporate real estate function must effectively partner with the C-suite to demonstrate the desired value.” The corporate real estate function can serve as a powerful agent of transformation, particularly with the use of technology, AI and the support of strategic partners  The value the corporate real estate function can deliver will vary depending on the needs of the organization and regional priorities. Globally, business leaders believe CRE can add the most value by supporting business growth (41%), enabling organizational efficiency (38%) and reducing operating costs (37%). Environmental, social and governance (ESG) factors are also an area in which the CRE function is expected to add value, especially in EMEA. Organizations in the Americas are more likely to expect CRE to support business growth, innovation and efficiency, while companies in Asia Pacific are more focused on digitization. These varying expectations around value require agility throughout CRE functions, in a context where 41% of CRE decision makers report challenges with thinking and investing for the long term due to the pace of organizational change. The same percentage believe CRE is perceived as a cost center, rather than a value driver. Identifying the right metrics and ways to demonstrate value, in addition to strengthening relationships with the C-suite, will ensure CRE is more integrated into the wider business and positioned to quickly adapt to changing priorities – 46% of CRE leaders say influencing and leadership will be critical skills in the future. Technology is also emerging with greater impacts for CRE, as more decision-makers expect to report to business transformation or technology by 2030. CRE leaders believe that 70% of their activities will be at least partially supported through the use of AI by 2030, and a quarter of the CRE function could be initially completed through automation – freeing up time for more strategic work. Nearly two-thirds (62%) of decision makers see technology and AI adoption as critical for enhancing the value that CRE delivers in the future. A ‘future fit' CRE team should focus on high value-add tasks internally, while automation and AI take on routine and repetitive tasks and outsourcing partners are brought in for specialist tasks and individual projects. About JLL For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for EntrepreneursCommercial Real EstateentrepreneursentrepreneurshipOfficesmall business

Welcome to today's episode where we're going to talk about advanced strategies in branding and communications with Nikki Festa O'Brien, CEO of Greenough Communications. We're going to explore how brands can articulate their stories more effectively, manage financial communications, and about the critical relationship between marketing and communications. Nikki Festa CEO, Greenough Agency With more than 20 years of agency and in-house experience, I am a seasoned brand marketing and communications professional who specializes in the Technology, Healthcare/Life Science, and Energy/Climate Tech sectors. I have successfully led integrated campaigns for clients ranging from startups to public companies, helping them achieve their business goals and elevate their brand reputation. As CEO of Greenough Communications, I oversee the strategic direction, operations, and growth of the firm. I work with a talented team of experts who deliver creative and impactful strategies for our clients. I am also passionate about teaching and mentoring the next generation and have shared my insights and best practices at several universities and industry events. I am also honored to be recognized as one of the Top Women in PR by PR News. RESOURCES Greenough Agency website: https://www.greenoughagency.com/ Register for the Medallia CX Day webinar: Building Loyalty: How Top Brands Create Forever Customers with CX - https://bit.ly/3M7dkQM Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick Palucci, Senior Director, Home Equity Finance Acquisition & Distribution, RBC, discusses a recent report indicating home ownership is still a goal for many Canadians despite affordability challenges and inflation. The video interview can be seen here. Nick Palucci PRESS RELEASE TORONTO, April 23, 2024 – Despite affordability challenges and inflation continuing to impact how and when Canadians buy a home, confidence in making the move to purchase a home is rising. According to RBC's 30th annual Home Ownership Poll, conducted among Canadians under the age of 65, 60% believe owning a house or condo is a good investment (up from 53% in 2023) and 29% are looking to buy in the next two years (up from 22% in 2023). Two-thirds (64%) say they have always dreamed of owning a home. At the same time, the research found that half (50%) of Canadians say inflation is eroding their ability to save for a home. This challenge is acutely felt among those planning to purchase a home within the next two years. Among these potential buyers, there has been a 37% decrease in the total amount they have saved to put towards buying a home. Among those who have saved some amount, 36% say they aren't putting aside money every month for a home purchase (up from 8% in 2023). Even with this setback, 41% of overall potential home buyers say it will take them four years or less to save enough for a down payment. “Canadians have a lot of headwinds to face as they look to purchase a home today, whether they are a first-time buyer or searching for their next home,” says Janet Boyle, senior vice president, Home Equity Finance & Newcomer Strategy, RBC. “While affordability anxiety remains, our research found that many home buyers are exploring different approaches to realize their dream of home ownership.” Canadians explore various strategies to cover the cost of home ownership Despite it being harder to save for a home, potential buyers are searching for additional ways to supplement their savings. The majority (57%) say they would need a side hustle or second job and more than a quarter (27%) have had to or would have to live with their parents longer to afford a home. Almost half (45%) also say they would need to overhaul their spending and saving habits to buy a home. Family also continues to play a big role, with 62% saying financial support from family is necessary to buy a home and 19% saying they have or will need to buy a home with their family/parents. But support from family might not always be available with 39% of respondents saying they want to give family members money for housing or rent, yet can't afford to do so. The majority (54%) also say they would prefer to have their child/family live with them to help them save money rather than provide financial support. Mounting costs and inflation putting pressure on next-time home buyers Two-thirds (66%) of next-time home buyers (i.e. those who currently own a home and are likely to buy again in the next two years) are concerned about covering the costs of home ownership. Additionally, half (51%) of next-time home buyers say they are worried about their ability to buy their next home due to inflation. The research also found that three-quarters of next-time home buyers (76%) believe the housing market in their community is overpriced. Two-thirds (64%) say they wouldn't be able to purchase their first home in today's market and the same proportion (64%) believe they would need to move out of the city they are currently living in if they wanted to buy a larger home. Newcomers are eager to buy in the near future Among newcomers who arrived in Canada in the past five years, 73% say they have always dreamed of owning a home and 65% say they are likely to purchase one in the next two years (compared to 29% nationally). The majority also believe there is only a small window of time to take advantage of lower house prices (56%). “Whether it's your first or next home, with so many decisions to make it's easy to feel overwhelmed when thinking about buying a home,” adds Boyle. “Whether in person or online, getting expert advice and having conversations early can help take a lot of the unknowns and stress out of the home buying process. Having a financial expert on your side who has a full picture of your finances can also help you build a home buying plan that aligns with your finances, goals and lifestyle.” RBC resources to help home buyers at every step: RBC True House Affordability Tool: See how much home you may be able to afford and learn about different mortgage options. RBC Home Value Estimator: See what your current home may be worth today. My Money Matters: Whether you are looking to buy your first home, second home, or even an investment property, you can find answers to all your mortgage financing and refinancing questions and helpful resources through RBC's new online resource hub. Houseful, an RBC Company: From finding a home to financing one, Canadians can simplify their home buying experience with everything they need in one place. Get access to customized home searches, local real estate agents, affordability tools, RBC mortgage specialists and financing under one roof. 2024 RBC Home Ownership Poll RESPONSE CAN BC AB SK / MB ON QC AC NTHB Newcomers % Agree – Base: All Respondents Always dreamed of owning a home 64 % 64 % 54 % 66 % 66 % 64 % 65 % 66 % 73 % Rising inflation is causing me to save less for buying a home 50 % 51 % 51 % 58 % 50 % 51 % 44 % 64 % 68 % Would need a side hustle or second job to afford a home 57 % 62 % 58 % 62 % 60 % 47 % 53 % 51 % 75 % Have/will need to live with my parents longer to save enough to buy a home 27 % 32 % 25 % 30 % 31 % 20 % 19 % 30 % 46 % Would need to overhaul my spending and saving habits to buy a home 45 % 52 % 43 % 50 % 45 % 38 % 48 % 51 % 49 % Financial support from family is necessary to buy a home nowadays 62 % 67 % 64 % 58 % 68 % 51 % 56 % 64 % 69 % Have/will buy a home with my family/parents (co-ownership) 19 % 23 % 13 % 20 % 22 % 14 % 13 % 33 % 41 % Prefer to help my family/child save money by letting them live with me rather than help them directly financially 54 % 51 % 53 % 55 % 58 % 51 % 51 % 64 % 61 % We only have a small window of time to take advantage of lower house prices 34 % 36 % 32 % 36 % 39 % 26 % 36 % 50 % 56 % Housing market in my community is overpriced 77 % 85 % 65 % 76 % 79 % 73 % 82 % 76 % 72 % % Selected – Base: All Respondents Buying a house or condo is a good investment 60 % 67 % 60 % 59 % 62 % 50 % 59 % 79 % 79 % Likely to buy in the next two years 29 % 31 % 31 % 31 % 30 % 27 % 21 % 100 % 65 % In terms of inflation, concerned about covering the costs of home ownership 58 % 60 % 61 % 65 % 63 % 43 % 60 % 66 % 76 % In terms of inflation, concerned about my ability to buy a home 44 % 52 % 40 % 41 % 47 % 36 % 39 % 51 % 71 % Would give family members money for housing or rent, but can't afford to do so 39 % 40 % 40 % 32 % 39 % 42 % 39 % 30 % 40 % % “Agree” – Base: Homeowners While I already own a home, I don't believe I would be able to purchase my first home in today's market 69 % 75 % 64 % 63 % 72 % 65 % 76 % 64 % 54 % If I want to own a home/larger home, I likely will have to move out of the city I'm living in now 51 % 67 % 44 % 43 % 56 % 43 % 47 % 64 % 57 % *NTHB – next-time home buyers (i.e. those who currently own a home and are likely to buy again in the next two years) About the Survey An online survey of 2,824 Canadians aged 18 to 64 was completed between January 25 and February 23, 2024, using Leger's online panel. No margin of error can be associated with a web panel. For comparative purposes, a probability sample of 2,824 respondents would have a margin of error of ±1.8%, 19 times out of 20. Disclaimer This news release is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. The information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for EntrepreneursentrepreneursentrepreneurshipHomeownershipHomesReal Estatesmall business

While average residential sale prices are likely to increase in the majority markets analyzed, there are a couple of outliers where prices are anticipated to be flat or decline, including Toronto, Hamilton, Burlington, Kitchener-Waterloo, Charlottetown, North Bay and London, it said. The report said 25 per cent of Canadians expressed that saving for a home purchase is one of their top three priorities when it comes to financial savings, despite high cost of living and affordability challenges. In a video interview, Christopher Alexander, President of RE/MAX Canada, talks about the company's latest report – the Fall Housing Market Outlook. The video can be seen here. PRESS RELEASE TORONTO, Sept. 3, 2024 /CNW/ — With the long-anticipated decline in interest rates finally starting to materialize, early indicators from RE/MAX brokers and agents across Canada suggest steady housing market activity this fall. Average sale prices across all housing types are expected to increase between one and six per cent in the majority of regions by year's end, according to RE/MAX's 2024 Fall Housing Market Outlook. Ahead of the next Bank of Canada (BoC) interest rate announcement on September 4, two in 10 Canadians (16 per cent) said they will feel more comfortable engaging in the real estate market once they see there is more than a 100-basis-point cut to the BoC's lending rate between now and the end of the year, according to a Leger survey commissioned by RE/MAX as part of the report. Chris Alexander “The fall market is usually a good early indicator for activity as we look ahead to early 2025, and we're headed toward more healthy territory. With interest rates starting to ease, buyers are beginning to come off the sidelines,” says Christopher Alexander, President, RE/MAX Canada. “That's not to say the fall market will be in full swing according to historic standards. Consumers will drive that trend, so we'll need to see a bigger move by the Bank of Canada for that to happen.” Consumer Sentiments Going into the Fall Market Ahead of further anticipated interest rate cuts by the Bank of Canada, it seems that even the mere prospect of lower rates has boosted confidence among first-time homebuyers, with one-quarter of Canadians (25 per cent) actively saving for a home purchase and confident they will be able to buy soon (with the majority being younger Millennials and Gen Zs aged 18-24, at 35 per cent). On the flipside, dropping interest rates now may prove too little, too late for some current homeowners, with 14 per cent saying they need to renew their mortgage soon, and with the current higher interest rate, they may need to sell their home. When it comes to financial savings, the Leger survey revealed that while a home purchase is listed among the top three priorities for 25 per cent of Canadians, it has taken a back seat to day-to-day expenses such as utilities and food (58 per cent), and travel (45 per cent). In the search for affordability, one-quarter of Canadians say that they are considering moving to another country (28 per cent) and 25 per cent say they are reconsidering whether to have children or start a family due to housing affordability challenges. “Despite some consumer confidence starting to return to the market this season, the reality is Canadians are still grappling with some serious housing affordability challenges rooted in lack of supply. Yes, borrowing is becoming less expensive, but this won't make housing affordable in the long run,” says Alexander. “Markets ebb and flow, and as buyers re-enter the market and absorb inventory, we'll see more upward pressure on price. “Ultimately, for the long-term health of Canada's housing market, we need a national housing strategy developed in collaboration between all levels of government, that's more strategic and visionary in how we can use existing lands and real estate to boost supply. In the meantime, buyers would be wise to work with an experienced real estate agent to help navigate those cyclical market ups and downs that often accompany this push and pull of supply and demand.” Regional Market Insights As part of the 2024 Fall Housing Market Outlook Report, RE/MAX brokers and agents in Canada were asked to share an analysis of their local market between January and July 2023 and 2024 and share their estimated outlook for fall 2024. The majority of regions (76 per cent) anticipate an increase in sale price between one to six per cent, including Greater Vancouver Area, BC; Calgary, AB; Edmonton, AB; Saskatoon, SK; Winnipeg, MB; Halifax, NS; St. John's Metro, NL; Truro/Colchester, NS; Fredericton, NB; Timmins, ON; Sudbury, ON; Brampton, ON; Mississauga, ON; Niagara, ON; Ottawa, ON; Durham, ON; Barrie, ON; Muskoka, ON; Peterborough, ON; York Region, ON; Kingston, ON; Windsor, ON, and Thunder Bay, ON. Exceptions to the upward trend include Toronto, ON; Hamilton, ON; Burlington, ON; and Kitchener-Waterloo, ON, where a moderate decline between two and three per cent is expected, and Charlottetown, PEI; North Bay, ON, and London, ON, where prices will likely remain flat. When it comes to listings, a majority of regions surveyed (82 per cent) saw the number of listings increase between 2.3 and 34.7 per cent between January and July (2023 – 2024). The number of sale transactions also increased between 3.1 and 7.4 per cent in Atlantic Canada, 3.4 to 30.9 per cent in Western Canada, and between 0.6 and 14.8 per cent in Ontario, except for some larger Ontario markets like Toronto, Brampton, Durham Region, Mississauga, Peterborough and York Region, where sales trended downward. According to RE/MAX brokers' insights, 33 per cent of housing markets are expected to be seller's markets, but this may shift as competition increases and market conditions evolve. To view the regional data table, click here. Western Canada and Prairies The Prairies continue to skew towards a seller's market (Edmonton, AB; Calgary, AB; Saskatoon, SK) which is consistent with 2023, except for Winnipeg, MB, which is a balanced market. On the other hand, in Western Canada, inclusive of the Greater Vancouver Area, BC, and Kelowna, BC, a mix of balanced and buyer's markets are anticipated. Heading into the fall, prices are forecasted to increase by two to six per cent in regions like the Greater Vancouver Area, BC, and Kelowna, BC; Calgary, AB; Edmonton, AB; Saskatoon, SK; and Winnipeg, MB. Sale transactions are anticipated to increase by five to 15 per cent in the Greater Vancouver Area, BC; Edmonton, AB; and Winnipeg, MB; and a decrease of one per cent in Saskatoon, SK, due to inventory shortages, while Calgary, AB anticipates sales will remain flat. RE/MAX broker feedback in Regina, SK indicates that many factors will dictate how the market pans out for the remainder of the year, including government election cycles, The Bank of Canada interest rate announcements and inventory levels. Historically, Regina, SK sees the markets cool from mid-September through the end of the year. All markets in Western Canada and The Prairies – apart from the Greater Vancouver Area, BC – continue to experience supply challenges, with increased activity in the market, as consumers benefit from recent interest rate cuts. Lower mortgage rates have bolstered consumer confidence in the market but paired with low supply, RE/MAX brokers and agents in the region are reporting aggressive offers in conjunction with sellers raising asking prices for residential homes. Ontario Despite The Bank of Canada's interest rate cuts, low housing supply continues to impact multiple markets across Ontario, keeping prices high. However, some buyers are gaining more confidence as mortgage rates decrease and are slowly re-entering the market heading into fall, keeping prices relatively stable in comparison to the year prior. Housing supply is expected to become a larger issue once further interest rate cuts motivate buyers on the sidelines to re-enter the market and spark more competition. Although some homebuyer confidence is starting to return, buyers in Toronto remain hesitant as affordability continues to be a challenge, especially for first-time homebuyers. Across Ontario, 12 regions are expecting average residential prices to remain flat or increase modestly heading into the fall. Increasing markets include Timmins, Sudbury, Brampton, Mississauga, Thunder Bay, and Barrie (each rising five per cent), Peterborough, York Region and Kingston (rising three per cent), Niagara (up two per cent), Durham Region and Ottawa (up one per cent), and London (rising a nominal 0.5 per cent). The outliers to this upward trend are Toronto, Kitchener-Waterloo, Hamilton, and Burlington, which are expecting a price decrease. In Ontario, seven markets are expected to experience balanced conditions this fall, while four are anticipated to be seller's markets, and five are buyer's markets. Four markets are expecting a mix, with three buyers/balanced conditions, and one sellers/balanced market. Atlantic Canada Echoing similarities to other regions across Canada, Atlantic Canada is also reporting low inventory supply and increased competition when it comes to buyer activity. Buyers are competing aggressively on affordable housing and new listings, causing prices to spike. This is likely a result of current supply challenges and an increase in out-of-town buyers from Western and Central Canada. Unlike in 2023, average residential prices in Atlantic Canada are expected to increase for the remainder of year, by five per cent in Truro and Colchester, NS, one per cent in Halifax, NS, 1.5 per cent in St. John's Metro, NL, and two per cent in Fredericton, NB, while Charlottetown, PEI is anticipated to remain flat. All markets in Atlantic Canada with the exception of Charlottetown – which is a buyer's market – are considered to be seller's markets. Quebec Like other regions across the country, Montreal's housing shortage coupled with interest rates have resulted in a seller's market, with buyers making multiple offers on properties to remain competitive or opting to wait on the sidelines. Pricing and marketing are crucial for sellers looking to attract hesitant buyers. Additional survey findings: Majority of Canadians (77 per cent) believe steps taken by municipal, provincial, and federal governments to improve housing inventory and affordability are not enough to solve our affordability crisis and more needs to be done 60 per cent of Canadians believe building more diverse types of housing are the key to solving Canada's housing supply challenges For 16 per cent of Canadians, rising cost-of-living and affordability challenges have not deterred them at all, and they plan to purchase another home beyond their primary residence soon (or have recently) 40 per cent of Canadians feel Canada is one of the best countries in the world to purchase/invest in real estate (notably this number is higher at 52 per cent, for new Canadians that have been in Canada for less than 5 years) One-third of Canadians (32 per cent) said they are relying on their home as their only financial plan for retirement. About Leger Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,530 Canadians aged 18 years or older, was completed between August 9 and 11, 2024, using Leger's online panel. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/-2.5 per cent, 19 times out of 20. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario–Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homes #Housing #RealEstate #smallbusiness

Another special episode of PR techniques, observations and news from the comms/PR with ideas you can use. It seems my test episode the other day, where I read the 8th July 2024 edition of the "PRBites" Newsletter aloud, was really popular, so I thought I would do it again. This is the 10th July edition. If you would like the newsletter, you can get it here - https://thepublicrelationspodcast.com/subscribe-prbites/ Or, do you like this format? If so, let me know if you want more audio versions of it.

A special episode of PR techniques, observations and news from the comms/PR with ideas you can use. It's the 8th July 2024 edition of the "PRBites" Newsletter read aloud which you can get at - https://thepublicrelationspodcast.com/subscribe-prbites/ Do you like this format? If so, let me know if you want more audio versions of it.

In this video interview, Juliette Nicolaÿ, Policy Analyst with the Canadian Federation of Independent Business, discusses the importance of the Temporary Foreign Worker program to the national economy. Juliette Nicolaÿ PRESS RELEASE TORONTO, June 12, 2024 /CNW/ – As Ottawa is looking to overhaul its Temporary Foreign Worker (TFW) program, most agri-businesses (59%) say they would be in favour of a multi-employer work permit as an option, to enable employers to share a foreign worker, finds new research by the Canadian Federation of Independent Business (CFIB). However, the majority of agribusiness owners don't support sectoral and/or regional work permits whether it's under the current (59%) or a new program structure where a third party would recruit and dispatch a pool of foreign workers (50%), as they fear such permits could facilitate employee poaching and hinder retention. “While government is reviewing its TFW program, it needs to consider the practical needs of agri-businesses and the future of Canada's food security,” said Juliette Nicolaÿ, CFIB's policy analyst. “Farmers are already struggling with chronic staffing shortages and when they turn to foreign labour, it's only as a last resort because they can't find anyone locally. That's concerning given Canada's ageing population and a perceived lack of interest among Canadian workers in a career in agriculture.” CFIB data found that three in 10 agri-businesses hired foreign workers in 2023. The reliance on foreign workers is even more pronounced in certain regions, such as Quebec (51%), and sub-sectors characterized by labor intensive tasks, such as the fruits, vegetable and horticultural specialties (64%). According to Employment and Social Development Canada (ESDC), among employers who hired TFWs, 92% said foreign workers helped them meet demand for their products or services, while 89% said that TFWs helped them stay in business. Myths surrounding TFWs There are many misconceptions around the program such as that TFWs aren't paid sufficient wages or they're mistreated by their employers. In fact, most (85%) TFWs are paid the same wage as Canadians, and only 3.5% are paid less. The federal government also conducts regular inspections to ensure health and safety of foreign workers, with 94% of employers inspected found to be compliant on 26 different criteria, according to ESDC. “While there may be isolated bad actors that should not be tolerated, agri-businesses highly value foreign workers, and they take time and effort to bring TFWs to Canada. They cover costs that go beyond wages like housing, transport, and health care. It is also common for farmers to have the same TFWs come back year after year. Some also sponsor foreign workers to become permanent residents,” said Francesca Basta, CFIB's research analyst. To improve the TFW program's efficiency, the federal government should consider: Reducing red tape associated with hiring TFWs, notably streamlining the Labour Market Impact Assessment (LMIA) process Allowing for the sharing or transferring foreign workers as an option (e.g., multi-employer work permit) Indexing the housing deduction to inflation – it is currently $30, which does not reflect real housing prices Allowing employers to match the wages offered by another employer with an LMIA in the same area to strengthen retention and curtail poaching. Provisions under the Employer Compliance Regime currently limit this. Reimbursing the employer for the costs associated with the administration and enforcement of the compliance inspection, should the LMIA not be issued Introducing a mechanism to compensate initial costs covered by the employer whose employee has been poached and streamlining access to new TFWs. Read the full Harvesting a solution: Temporary Foreign Workers (TFWs) key to mitigating agricultural labour shortages report here. About CFIB The Canadian Federation of Independent Business (CFIB) is Canada's largest association of small and medium-sized businesses with 97,000 members across every industry and region. CFIB is dedicated to increasing business owners' chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story AgriculturebusinessCanada's Number One Podcast for EntrepreneursEmploymententrepreneursentrepreneurshipJobsLaboursmall business

Sueling Ching, President & CEO, Ottawa Board of Trade, discusses a recent report in collaboration with the Canadian Urban Institute to revolutionize downtown Ottawa. The video interview can be seen here. PRESS RELEASE Ottawa – May 22nd, 2024, – Today, the Ottawa Board of Trade, in collaboration with the Canadian Urban Institute is thrilled to announce a landmark initiative that promises to revolutionize downtown Ottawa and the region. The Downtown Ottawa Action Agenda aims to reimagine and rejuvenate Downtown Ottawa, making it more diverse, resilient, and vibrant for generations and challenges to come. Under the plan, Downtown Ottawa will see the addition of 40,000 new residents and the creation of 50,000 jobs by 2034, transforming the cityscape into a bustling hub of activity and innovation. The plan proposes creating a joint $500 million fund to kick-start a series of catalytic projects, including significant enhancements to the public realms of Sparks Street and ByWard Market, and the establishment of a new Business Incubation District and an Arts/Culture Corridor. “This is more than a plan; it's a renaissance for Ottawa's downtown,” said Sueling Ching, President & CEO, Ottawa Board of Trade. “By fostering a live-work-play environment, we are not only boosting the local economy but also creating a culturally rich, inclusive, and accessible downtown for all to enjoy. And a Capital City all Canadians can be proud of.” The action plan was developed by the Canadian Urban Institute in partnership with the City of Ottawa, Ottawa Tourism, Invest Ottawa, BOMA Ottawa and the National Capital Commission. “Our collaborative approach ensures that the transformation of Downtown Ottawa not only meets the economic and cultural needs of today but paves the way for future generations,” said Brendan McGuinty, Board Chair, Ottawa Board of Trade. As Downtown Ottawa transforms, it will serve as a model of urban renewal, showcasing the power of strategic investment and community collaboration in building a thriving, dynamic city center. The Ottawa Board of Trade invites residents, businesses, and all stakeholders to join in this exciting journey to reshape our capital's core. Top Five Immediate Actions: Prioritize Housing: Streamlining processes to increase downtown residency through higher density and use of public land. Invest in the Future: Establishing financial mechanisms for ongoing downtown investment. Address Homelessness, Addiction, and Mental Health: Implementing focused programs with multi-level government funding. Improve Regional Mobility: Enhancing transit options to make downtown more accessible. Position Downtown Nationally and Internationally: Marketing efforts to boost economic activity and enhance downtown's image. “Downtown Ottawa's revitalization is a blueprint for how cities can harness urban space to meet the challenges of the 21st century, “said Mary Rowe, President & CEO, Canadian Urban Institute. “By focusing on inclusivity, resilience, and vibrant public spaces, Ottawa is setting a standard for urban innovation.” “We're taking a Team Ottawa approach to our downtown. By coming together as a community, we're not just revitalizing our core, but also setting the stage for a dynamic and resilient future for all Ottawa residents,” said Ottawa Mayor Mark Sutcliffe. Background: The Ottawa Board of Trade is the voice of business and a key economic partner in the National Capital Region. Our mission is to cultivate a thriving world class business community. One that drives affordable, inclusive, and sustainable city building.  We are champions of Ottawa as the best place to live, work, play, learn, visit, and invest. For information, visit www.ottawabot.ca. The Canadian Urban Institute is a national platform where policy makers, urban professionals, civic and business leaders, community activists and academics can learn, share, and collaborate with one another from coast to coast to coast. Through research, engagement, and storytelling, CUI's mission is to support vibrant, equitable, livable, and resilient cities in Canada. For information, visit https://canurb.org/ Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #Downtown #entrepreneurs #entrepreneurship #smallbusiness

Phil Soper, president and chief executive officer, Royal LePage, discusses why renters still want to buy a home despite the costs. Video interview can be seen here. Phil Soper PRESS RELEASE TORONTO, June 20, 2024 /CNW/ – One third of Canadians live in rental accommodations, and that figure has been gradually increasing in recent years, as affordability challenges in the resale market persist. According to a recent Royal LePage survey, conducted by Hill & Knowlton, 27 per cent of Canadians who currently rent their home say they plan to purchase a property in the next two years. Among those aged 18 to 34, that figure jumps to 40 per cent. Meanwhile, 69 per cent of renters say they do not plan to buy a home in the near future. Among them, more than half (54%) do not feel their income will be sufficient to afford a property in the area where they wish to live (61% among respondents aged 18 to 34). “The rental sector is not immune to the significant affordability challenges stemming from Canada's acute housing shortage. High mortgage rates have made it difficult for many to purchase a home, forcing some to move into, or remain longer than planned, in the rental market,” said Phil Soper, president and chief executive officer, Royal LePage. “Despite a short-lived decline in prices and demand for rental units during the height of the COVID-19 pandemic, the available supply of rental properties in most major markets remains ultra low.” Of renters who say they plan to buy within the next two years, half (50%) say they will have a down payment of less than 20 per cent. Twenty-six per cent say they will put 20 per cent down, while 15 per cent say they will have a down payment of more than 20 per cent. In Canada, mortgage insurance is required for homes purchased with less than 20 per cent down. When asked how they will come up with their down payment, 53 per cent of respondents said they will use savings accumulated over the years, while 46 per cent said they will take advantage of the First Home Savings Account (FHSA), and 29 said they will draw on their RRSPs using the Home Buyer's Plan (HBP). Twenty-five per cent said they will use a financial gift from family or an inheritance. Respondents were able to select more than one answer. Forty-four per cent of renters planning to purchase in the next two years believe they will be able to afford a home in their current city of residence, while 37 per cent do not. Among those who don't believe they can buy in their current location, 40 per cent say they will have to travel more than 50 kilometres to buy within their budget, while 21 per cent believe they will have to search for a property within a 31-50 kilometre radius and 18 per cent say they would need to look within a 16-30 kilometre radius. Only 9 per cent of respondents are confident they could buy within 15 kilometres of their current location. According to the Royal LePage 2024 Most Affordable Canadian Cities Report, 50 per cent of people living in the greater regions of Toronto, Montreal and Vancouver, say they would consider relocating to a more affordable city, if they were able to find a job or work remotely. Among renters in these regions, 60 per cent say they'd be willing to relocate, while 45 per cent of current homeowners say they would consider it. “We know that Canadians widely consider home ownership a worthwhile long-term investment and a quintessential part of the Canadian dream. So much so, that many are willing to relocate in order to make their home ownership dreams a reality. This is especially true for young Canadians and those who have remote work flexibility. I believe we will continue to see migration from southern Ontario and high-priced regions in B.C. to more affordable markets across the country in the future,” said Soper. Nearly a third of renters hoped to buy prior to signing their lease Before signing or renewing their current lease, 29 per cent of Canadian renters say they considered purchasing a property. Among them, 41 per cent say the lack of a sufficient down payment led to their decision to rent instead. “While a third of Canadian adults are currently renting, and there are families who are perfectly content doing so, the desire for home ownership remains strong among a large portion of this segment of the population. Our latest research reveals that a material number of renters wish to transition to home ownership. Understandably, the greatest barrier to entry is the ability to drum up the initial capital for a down payment,” continued Soper. When asked about the motivating factors behind their decision to continue renting rather than buy, approximately one third of respondents said they were waiting for interest rates (33%) and property prices (30%) to decrease. Twenty-two per cent said they are continuing to rent while saving for a down payment, and 20 per cent said they did not qualify for a mortgage. Respondents were able to select more than one answer. “Earlier this month, the Bank of Canada announced its first rate cut in more than four years. Falling borrowing costs will lower the threshold to qualify for a mortgage, helping renters become owners. However, this creates a double-edged sword. Increased competition as they enter the market will put additional pressure on property values. While some will wait for home prices to become more reasonable, Canada's housing shortage will leave them waiting indefinitely,” added Soper. Rising rents and low vacancy rates Nearly four in ten Canadian renters (36%) spend up to 30 per cent of their net income on monthly rental costs. Meanwhile, roughly the same amount of renters (37%) spend between 31 and 50 per cent of their income on rent, and 16 per cent spend more than 50 per cent. In Canada's most expensive housing markets, Vancouver and Toronto, the proportion of renters who spend more than half of their income on rental costs increases to 27 per cent and 19 per cent, respectively. That figure dips to 10 per cent in Montreal. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent nationally for a two-bedroom unit in October 2023 was 8.0 per cent higher than a year prior. Vacancy rates sat at 1.5 per cent and 0.9 per cent, respectively, for purpose-built rental buildings and condominium apartments. “From coast to coast, Canadians are struggling with housing affordability in the wake of one of the most aggressive interest rate hike campaigns in history. Across many regions, rental demand vastly exceeds supply, making affordable housing a challenge. The housing industry and government must collaborate on innovative solutions to increase inventory, including rentals, and support those most impacted by these escalating market conditions,” concluded Soper. The 2024 federal budget, released on April 16th, announced several measures intended to more effectively protect tenants and strengthen their path to buying real estate. In addition to a renewed commitment to incentivize purpose-built rental buildings, a highlight was the creation of the Canadian Renters' Bill of Rights, which proposed a national standardized lease agreement and the disclosure of a property's rental price history. In addition, and perhaps most intriguing, this bill also proposed a recommendation for financial institutions to allow tenants to report their rental payment history to credit bureaus in order to better their credit scores, thereby strengthening their future mortgage applications. Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ATLANTIC CANADA In Atlantic Canada, 28 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 22 per cent say they plan to purchase a property in the next two years, while 59 per cent will not. “The rental market is shifting. Construction of purpose-built rental properties has drastically increased as the city's population continues to grow. Government programs and development incentives have encouraged the creation of new rental supply in Halifax. Newer buildings tend to attract newcomers who are not able to qualify for a mortgage right away, but want a high-quality place to live as they get established,” said Scott Moulton, sales representative, Royal LePage Atlantic in Halifax, Nova Scotia. “We saw a wave of residents from Ontario and other parts of the country come to the East Coast during the height of the pandemic. And, as was the case in the resale market, rental prices were also pushed up as demand swelled. This mass migration has since died down.” Moulton added that institutional landlords are the predominant supplier of rental stock in the Halifax region, particularly downtown. Rising interest rates have not had a profound impact on property management companies who have been able to cope with elevated costs compared to smaller-scale or individual landlords. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Halifax for a two-bedroom unit in October 2023 was 11.0 per cent higher than a year prior. The vacancy rate in purpose-built rental buildings remained extremely low at one per cent. Among renters living in Atlantic Canada, 29 per cent spend up to 30 per cent of their net income on monthly rent costs, while 38 per cent spend between 31 and 50 per cent of their income, and 24 per cent spend more than 50 per cent. “There is a desire to build rental supply in Halifax, but permitting and application approvals are both time consuming and expensive,” said Moulton. “More rental inventory is required to ease the region's housing supply shortage, but it will take many years for such buildings to be completed.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart QUEBEC July 1st is known as moving day in Quebec, the province with the highest percentage of renters per capita in Canada.5 Leading up to this date, 28 per cent of Quebec renters say they considered buying a property rather than renting before signing or renewing their lease. Among them, 42 per cent say they are waiting for property prices to go down, 41 per cent are holding off for interest rates to decrease, and 37 per cent say the lack of a sufficient down payment led to their decision to rent instead. Respondents were able to select more than one answer. Looking ahead, 22 per cent say they plan to purchase a property in the next two years, while more than half (58%) will not. Of those planning to purchase, 40 per cent believe they will be able to afford to buy a property in their current city of residence. Of those not planning to purchase a property in the next two years, 51 per cent say it is because they do not believe their income will allow them to afford the property they desire. “The results of this survey highlight the challenges faced by Quebec renters in the current context of a housing supply shortage,” said Geneviève Langevin, residential and commercial real estate broker, Royal LePage Altitude in Montreal. “However, the desire to become a homeowner persists for many, despite the financial obstacles, which is encouraging since this trend will continue to put pressure on public policy-makers to create housing that meets demand and population growth.” According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Montreal for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior.6 Vacancy rates sat at 1.5 per cent and 1.3 per cent, respectively, for purpose-built rental buildings and condominium apartments. While 2023 saw record low housing starts in Quebec, CMHC expects the province to see a more vigorous increase than elsewhere in Canada in 2024.7 However, new residential developments will remain too few to meet growing demand. “The gradual easing of interest rates, which began with the first cut in the Bank of Canada's key lending rate on June 5th, should stimulate construction in the rental market. However, this expected increase in housing starts will not have an immediate impact on the province's housing supply,” said Langevin. “I'm pleased to see that the various levels of government have begun to think together about alternatives for rapidly increasing housing supply. Unfortunately, the results of these concerted efforts will take time to materialize.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ONTARIO In Ontario, 30 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Among them, 47 per cent say the lack of a sufficient down payment led to their decision to rent instead. Twenty-eight per cent say they are waiting for property prices to go down, while 26 per cent are holding off for interest rates to decrease. Respondents were able to select more than one answer. Looking ahead, 31 per cent say they plan to purchase a property in the next two years, while nearly half (49%) will not. Of those planning to purchase, 43 per cent believe they will be able to afford to buy a property in their current city of residence. Of those not planning to purchase a property in the next two years, 61 per cent say it is because they do not believe their income will allow them to afford the property they desire. “For many, renting is an inevitable step on the path to home ownership, as saving to buy a home in one of Canada's most expensive cities can take many years,” said Gillian Ritchie, broker, Royal LePage Real Estate Services Ltd. in Toronto. “In recent years, we have noticed a much-needed increase in purpose-built rental supply in the city. Currently, Toronto's rental market is flush with one- and two-bedroom condos for lease, but does not have an adequate inventory of decent larger units or freehold rental accommodations. This has made it increasingly difficult for families to find suitable rental housing, whether they are waiting for the right time to buy a home or are looking for a temporary residence amid relocation or renovations.” Ritchie added that young professionals and students make up a large part of Toronto's renter demographic. Walkability is a top priority for renters attending post-secondary institutions, while others desire access to amenities, entertainment and their place of work. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Toronto for a two-bedroom unit in October 2023 was 8.7 per cent higher than a year prior.8 Vacancy rates sat at 1.5 per cent and 0.7 per cent, respectively, for purpose-built rental buildings and condominium apartments. By comparison, the average rent in Ottawa for a two-bedroom unit in October 2023 was 4.0 per cent higher than a year prior. Vacancy rates sat at 2.1 per cent and 0.4 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Ontario, 35 per cent spend up to 30 per cent of their net income on monthly rent costs, while 36 per cent spend between 31 and 50 per cent of their income, and 18 per cent spend more than 50 per cent. “Many investors bought rental units at the onset of the pandemic amid the record-low interest rate environment, and took advantage of low borrowing costs by purchasing multiple properties. As mortgage carrying costs have materially increased over the last two years, we have noticed some investors offloading their units, potentially reducing available rental stock,” noted Ritchie. “Meanwhile, new developments are bringing more inventory to the rental market and putting downward pressure on prices in some communities. With rates now on the decline, we anticipate that many current renters will step into the resale market as the threshold to qualify for a mortgage begins to ease. However, further rate cuts are needed for this trend to fully materialize.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart MANITOBA & SASKATCHEWAN In Manitoba and Saskatchewan, 44 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 36 per cent say they plan to purchase a property in the next two years, while 34 per cent will not. “The pandemic was a pivotal turning point for the rental market. Before COVID-19, one-bedroom rentals were in high demand. Now, as working from home has become more common, renters' need for more space has grown. However, the desire to be close to downtown and have access to conveniences both within their neighbourhood and their rental buildings remains strong,” said Laura Foubert, sales representative, Royal LePage Dynamic Real Estate in Winnipeg, Manitoba. “Winnipeg rental prices have increased over this past year as landlords and property managers aim to make up for price freezes implemented during the pandemic. Meanwhile, incentives like move-in bonuses, parking spots and top-tier amenities, are being offered on new developments to attract quality, long-term tenants.” Foubert added that many current renters are downsizers who have sold their homes and chosen to rent to avoid the upkeep of home ownership – many have no intention of buying another property. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Winnipeg for a two-bedroom unit in October 2023 was 4.4 per cent higher than a year prior.9 Vacancy rates sat at 1.8 per cent for both purpose-built rental buildings and condominium apartments. By comparison, the average rent in Regina for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior. Vacancy rates sat at 1.4 per cent and 1.8 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Manitoba and Saskatchewan, 50 per cent spend up to 30 per cent of their net income on monthly rent costs, while 36 per cent spend between 31 and 50 per cent of their income, and nine per cent spend more than 50 per cent. “Some individuals are renting until they buy their first home, while others are renting purely because they enjoy the simplicity and convenience of the lifestyle,” said Foubert. “Demand for rentals is expected to remain strong for the foreseeable future.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ALBERTA In Alberta, nearly a third of renters (29%) say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 27 per cent say they plan to purchase a property in the next two years, while 45 per cent will not. “The rental segment has been in transition these past few years. We came out of a balanced market that had healthy vacancy levels and robust demand, and headed into a crunch starting in the spring of 2022. We are now in a scenario where multiple offers on rental properties are being seen more frequently, a new phenomenon in Calgary,” said Andrew Hanney, sales representative and property manager, Royal LePage Mission Real Estate in Calgary. “Demand for rentals in Alberta has been coming from all directions, including residents relocating from Ontario and British Columbia in search of a lower cost of living. One-bedroom apartments have some of the highest vacancy rates, as many renters are choosing to live in larger units with roommates in order to lower their monthly living expenses. This has created difficulties for families looking for multi-bedroom rental options.” Hanney added that purpose-built rentals were common in the 1980s and 1990s, but faded from popularity as developers focused their attention on building condominiums for ownership. Now, developers are creating purpose-built rentals once again, in response to increased market demand and a series of new government incentives. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Calgary for a two-bedroom unit in October 2023 was 14.3 per cent higher than a year prior.10 Vacancy rates sat at 1.4 per cent and 1.0 per cent, respectively, for purpose-built rental buildings and condominium apartments. By comparison, the average rent in Edmonton for a two-bedroom unit in October 2023 was 6.4 per cent higher than a year prior. Vacancy rates sat at 2.4 per cent and 2.5 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Alberta, 39 per cent spend up to 30 per cent of their net income on monthly rent costs, while 34 per cent spend between 31 and 50 per cent of their income, and 17 per cent spend more than 50 per cent. “Many young Albertans look at housing differently – for those who do not want the responsibility of home ownership, renting is an intentional choice, one that suits their needs and lifestyle,” noted Hanney. “However, there remains an important cohort of Albertans for whom renting makes the most financial sense, while they save up to buy a home. As interest rates continue to fall, we will see more tenants move out of rentals and into home ownership.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart BRITISH COLUMBIA In British Columbia, 26 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 27 per cent say they plan to purchase a property in the next two years, while 52 per cent will not. “With a boost in rental supply in Vancouver, competition in this segment is improving, although affordability remains a challenge for tenants facing some of the highest rental prices in the country. Still, demand to live in one of Canada's most popular cities remains consistent,” said Nina Knudsen, property manager,11 Royal LePage Sussex in North Vancouver. “Empty nesters and working professionals make up a significant portion of our renter demographic, as do tenants who are landlords themselves. It is not uncommon for renters to buy an investment property in a less expensive market and lease it out while they continue to save towards the purchase of a primary residence.” Knudsen added that tightening provincial legislation on rentals has caused some would-be landlords to step out of the market, a potential challenge for the creation of rental supply. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Vancouver for a two-bedroom unit in October 2023 was 8.6 per cent higher than a year prior.12 Vacancy rates sat at 0.9 per cent for both purpose-built rental buildings and condominium apartments. By comparison, the average rent in Victoria for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior. The vacancy rate in purpose-built rental buildings sat at 1.6 per cent, according to CMHC. Among renters living in British Columbia, 23 per cent spend up to 30 per cent of their net income on monthly rent costs, while 42 per cent spend between 31 and 50 per cent of their income. Twenty-five per cent of renters spend more than 50 per cent of their net income on rent, well above the national average of 16 per cent. “As interest rates have increased over the past two years, higher monthly carrying costs have put considerable strain on entrepreneurial landlords, prompting some to offload their units onto the resale market,” said Knudsen. “With rates now beginning to trend downward, some investors may be seeing a light at the end of the tunnel. However, the most recent rate cut by the Bank of Canada will not be enough to encourage those landlords from selling their properties if further cuts are not made in the near future.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart Royal LePage resources for aspiring homeowners: To help aspiring homeowners, Royal LePage has published a number of online resources available at the following links: From renter to homeowner: Your complete guide to home ownership in a competitive real estate market 8 new housing policies announced in the 2024 federal budget Real estate terminology 101 Expert Q&A: What you need to know about buying a property pre-construction 6 tips for a seamless moving day Saving for your first home? Here's what you need to know about Canada's First Home Savings Account (FHSA) What is the Home Buyers' Plan? Get matched with Your Perfect Neighbourhood! About the Survey Hill & Knowlton used the Leger Opinion online panel to survey 1,506 Canadians, aged 18+, who rent their primary residence. The survey was completed between June 7th and June 10th, 2024. Representative sampling was done across all provinces (Atlantic provinces were aggregated). Weighting was applied to ensure representation between and within provinces, according to 2021 household renter census figures. No margin of error can be associated with a non-probability sample (i.e., a web panel in this case). For comparative purposes, though, a probability sample of 1,506 respondents would have a margin of error of ±3%, 19 times out of 20. About Royal LePage Serving Canadians since 1913, Royal LePage is the country's leading provider of services to real estate brokerages, with a network of approximately 20,000 real estate professionals in over 670 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage® Shelter Foundation™, which has been dedicated to supporting women's shelters and domestic violence prevention programs for 25 years. Royal LePage is a Bridgemarq Real Estate Services® Inc. company, a TSX-listed corporation trading under the symbolTSX:BRE. For more information, please visit www.royallepage.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homeownership #Homes #Housing #RealEstate #small business

In this video interview, Sandra Odendahl, Senior Vice President & Head of Sustainability, Diversity & Social Impact at BDC, discusses the challenges Indigenous and Black-led businesses continue to face in Canada and what BDC is doing to help the situation. PRESS RELEASE Montreal, June 19, 2024 – The faces of entrepreneurship are changing. Despite a two-decade decline in the overall entrepreneur population, the number of Indigenous and Black-led businesses is growing, counteracting this trend. To ensure these business creators can thrive, BDC has created a dedicated Inclusive Entrepreneurship team, is launching a $50 million financing and training program, and investing $200 million in Indigenous and Black-led businesses. “Too many underrepresented entrepreneurs continue to face the same barriers that existed a decade, or even a generation ago,” said Isabelle Hudon, President and CEO, BDC. “Despite a lot of positive strides, we just aren't moving quickly enough. It's clear a one-size-fits all approach does not work and, like the entrepreneurs we serve, we must innovate. The initiatives announced today are part of BDC's efforts to drive greater economic impacts and increase productivity.” As a development bank, BDC takes on more risk to help entrepreneurs and grow the economy. The bank identifies market gaps, and partners with others to create solutions that address the unique challenges faced by entrepreneurs and that mainstream lenders can use. Using this same innovative approach, BDC is aiming to propel more businesses with three key initiatives. The bank's new Inclusive Entrepreneurship Team leads with an inclusion mindset and puts that intention at the centre of every client experience. They have increased accountability with measurable targets around business development, and entrepreneur training and are already testing regional programs with business centres to better serve entrepreneurs where they are. Recognizing the barriers are highest, and trust is lowest, among the smallest and earliest-stage businesses, their first act was creating a new $50M program that provides loans, plus training, for businesses that are majority-owned by women, Indigenous and Black entrepreneurs and have revenues under $3 million. Lastly, BDC Capital, BDC's investment arm, is creating two new $100M platforms to support Indigenous and Black-led businesses. This will complement the $500M Thrive Platform for Women (launched in 2022) which includes Indigenous and Black women entrepreneurs. The team is currently working to hire key roles from the Black and Indigenous communities and collaborating with them to design and set objectives for the platforms. More details will come later this year. “A critical driver of creating intergenerational wealth for Black communities is equitable support for Black-owned businesses,” said Lise Birikundavyi, Managing Partner, BKR Capital. “With less than 0.5% of venture capital dollars in North America going towards Black entrepreneurs, there is a clear gap to fill. Since we started our fund focused on Black founders, we have seen an incredible amount of quality opportunities, and we believe it is great news to see an organization like BDC join forces to create a more diversified and robust venture capital industry.” These initiatives expand BDC's long-standing support for diverse entrepreneurs. Last year, BDC increased its women and Indigenous clients by 11% and 22% respectively. To date, BDC has committed over $8B dollars to underserved business owners directly through programs like the Indigenous Entrepreneur Loan and Thrive Fund, and indirectly through partners like Futurpreneur, FACE, NACCA, BKR Capital, and Raven Capital. Hundreds of free education resources are also available at bdc.ca. BDC's mission is to support Canadian entrepreneurs to build strong and resilient businesses and, in doing so, contribute to creating a more prosperous, competitive, and inclusive Canada. Its corporate values – United for Entrepreneurs, Powered by People, and Courageously Impactful – are the building blocks of BDC's corporate DNA. These values connect what the organization stands for to how it delivers on its mandate and corporate strategy. Additional Quotes “Indigenous Peoples are among the fastest growing populations in Canada and represent the highest growing segment of entrepreneurs,” said Althea Wishloff (Gitxsan Nation, Fireweed Clan), General Partner, Raven Indigenous Capital Partners. “At Raven, we have learned that taking a platform approach, supporting, and mentoring founders, while providing equity and equity-like capital in a culturally sensitive way is of utmost importance. We look forward to the growth of the ecosystem, new businesses being born and new co-investors emerging.” “Women make up half our population and workforce, yet less than 20% are majority owners in Canadian businesses,” said Marwa Abdou, Senior Research Director, Canadian Chamber of Commerce. “Our most recent report found progress is moving at a glacial pace in entrepreneurship and representation and unless radical changes are made, gender parity is more than a century away. It's great to see organizations like BDC continuing to invest new and innovative approaches like the Thrive Platform which is the world's largest venture fund in the world for women.” About BDC As Canada's bank for entrepreneurs, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the country's most innovative firms. We are one of Canada's Top 100 Employers and Canada's Best Diversity Employers. BDC was the first financial institution in Canada to receive the B Corp certification in 2013 and it is the B Corp movement's national partner in Canada. For more information on BDC's products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story

Dan Kelly, President of the Canadian Federation of Independent Business, discusses the impact of the capital gains inclusion rate on small businesses. Check out this video interview. PRESS RELEASE Toronto, June 20, 2024 – Half of Canada's small business owners will be hit by the new 66.7% inclusion rate hike coming into effect on June 25, warns the Canadian Federation of Independent Business (CFIB). Despite government's claim that the rate would affect only a tiny share of the wealthiest Canadians, over half (55%) of small business owners say it will affect the eventual sale of their business, 45% say it will affect the investments they hold privately, and 41% say it will affect investments held within their incorporated businesses. “Even the federal budget admits that 307,000 Canadian corporations had net capital gains in 2022 alone. Like individual Canadians, companies often record capital gains as a one time or occasional event, not every year. The impact of the hike in the inclusion rate needs to be measured over the long term, not just in any one given year,” said Dan Kelly, CFIB president. While the federal government has proposed a welcome increase in the Lifetime Capital Gains Exemption, this will not help business owners who sell the assets, rather than the shares, of their company. In addition, business owners who hold investments within their corporations for the owner's retirement or for reinvestment in the company will be hit by the 66.7% inclusion rate on any capital gain as corporations are ineligible for the $250,000 annual allowance at the 50% level. “With details of the changes in the inclusion rate only coming out in last week's Ways and Means Motion, business owners were only given two weeks to make informed decisions, leaving virtually no time to change gears. And details of the proposed Canadian Entrepreneurs' Incentive have yet to be published, leaving entrepreneurs largely in the dark on this potentially beneficial change,” Kelly added. CFIB continues to push the government to: 1.    Scrap the planned increase in the general inclusion rate to 66.7%. If government is unwilling to abandon this plan, it should: Grandfather all existing capital gains using a V-Day (valuation day) as was done in 1971 Allow corporations to benefit from $250,000 each year at 50% inclusion like individuals Allow for 5-year income averaging to benefit from the $250,000 annual threshold for larger capital gains for irregular events, like selling a property 2.    Expand the new Canadian Entrepreneurs' Incentive to include all entrepreneurs: Include all sectors, including farmers and fishers selling assets Include non-founders to encourage people to invest in small firms Cut the 10-year implementation schedule in half Read CFIB's letter for a full list of recommendations on the proposed capital gains changes. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story

Today on the PR Wine Down, hosts April and Laura tackle two key issues in today's PR industry discourse: trust in journalism and the shaky job economy.  First, in the PR News segment, Laura shares a recap of  “Polarization and the Press” from the blog page at Stanford's Journalism program. In the post, Janine Zacharia, Carlos Kelly McClatchy lecturer in Stanford's Department of Communication, and Emily Handsel, a senior at Stanford studying political science, unpack 12 actionable steps that journalists can take to enhance their credibility and rebuild trust in their reporting. Tune in as April and Laura cover the highlights, and share their own reflections about what PR professionals can do to support similar trust-building practices on the PR side of the news desk.  Also in this episode, April reads our latest Anonymous PR Horror Story submission, from a listener who was passed over for a promotion — and effectively laid off — despite being an overachiever with years of experience. Read the PR News of the Week here: https://journalism.stanford.edu/polarization-and-the-press-12-ways-to-restore-respect-for-your-reporting  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown   --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

In this video interview, Ryan Gubic, a Certified Financial Planner and Founder of MRG Wealth Management in Calgary, discusses the increasing financial stress Canadians are experiencing these days. PRESS RELEASE TORONTO, May 23, 2024 /CNW/ – From high grocery and gas prices to elevated inflation and housing costs, Canadians are grappling with money-related stressors that negatively impact their financial well-being. However, the 2024 Financial Stress Index, a national survey of 2,000+ Canadians conducted by Leger on behalf of FP Canada, shows that Canadians are prioritizing their financial health and feeling more hopeful about their financial futures than they did a year ago. FP Canada's 2024 Financial Stress Index finds money remains the leading source of stress for Canadians. (CNW Group/FP Canada) FP Canada's 2024 Financial Stress Index finds money remains the leading source of stress for Canadians. (CNW Group/FP Canada) The survey reveals that while Canadians continue to grapple with financial worries, most are embracing strategies to reduce financial stress in the face of persistent economic pressures. While financial stress is on the rise, so is optimism, and the data speaks volumes: Canadians are recognizing the power of proactive financial management. The most striking revelation? Year-over-year findings continue to show that Canadians who work with a financial professional are less prone to money-related stress, more hopeful about their financial futures, and better positioned to navigate financial uncertainty with confidence. Financial Stress on the Rise as External Pressures Persist According to the 2024 Financial Stress Index, money remains the top source of stress for Canadians, with 44 per cent citing it as their primary concern. This number represents a steady increase from 2023 (40%), 2022 (38%) and 2021 (38%). External factors are a key piece of the puzzle, as Canadians cite elevated grocery prices (69%), inflation (60%) and housing-related costs (52%) as leading causes of financial stress. Amid widespread discussions about the impact of these pressing challenges, the data reaffirms the hurdles posed by the current economic environment. Financial stress continues to affect the mental health of Canadians. Nearly half (49%) have lost sleep over financial worries, and more than half (54%) report negative effects such as anxiety and depression (38%), disruptions in workplace productivity (16%) and strained personal relationships (16%). However, Canadians who work with a financial professional are less likely to lose sleep due to financial stress (42%) than those who do not (52%). “There's no denying that persistent affordability concerns can cause significant financial strain, so it's no surprise that Canadians are continuing to feel the impact of these difficult conditions,” says Meghan MacPherson, a QAFP® professional at Impact Financial Group Inc. “While thoughtful planning and proactive measures can help reduce financial stress caused by economic factors beyond our control, the Financial Stress Index shows that working with a financial professional can help Canadians create a sense of confidence and control in the face of uncertainty.” Impact of Financial Stress More Severe for Young Adults, Interest in Financial Planning Grows Younger generations are experiencing the highest levels of financial stress, with half (50%) of Canadians under the age of 35 citing money as a top stressor, compared to 42 per cent of those over 35. The survey also shows that financial stress weighs more heavily on the minds of younger Canadians, with nearly three-quarters (72%) stating that financial stress has had at least one negative impact on their lives, compared to less than half (48%) of Canadians over the age of 35. This cohort is also more likely (50%) to say they've experienced anxiety, depression, and mental health challenges due to financial stress than those over the age of 35 (34%). Although financial stress disproportionately affects the mental well-being of Canadians aged 18 to 34, 39 per cent recognize the value of creating a financial plan to mitigate stress compared to 22 per cent of those over 35. This trend may reflect a burgeoning curiosity about the advantages of financial planning among younger Canadians. Stress Less: The Power of Professional Financial Planning Support  Data from the latest Financial Stress Index highlights Canadians' eagerness to take control of their finances. However, navigating the intricacies of personal finances alone can pose challenges. Findings reveal that Canadians who don't work with a financial professional are 33 per cent more likely to be stressed about money than those who do, and 23 per cent more likely to have lost sleep about financial worries. In contrast, those who work with a financial professional are more optimistic about their financial futures (56%) than those who don't (48%). Working with a knowledgeable financial professional, such as a CFP® professional or a QAFP professional, is an important step toward financial well-being. “A trusted CFP professional or QAFP professional can be a strategic ally, offering personalized solutions tailored to each client's unique circumstances and aspirations,” says Nabila Mirza, a QAFP professional at Aviso. “Through comprehensive financial planning, our goal is to empower Canadians to make informed choices, optimize their resources, and build financial resilience for a more financially secure future.” The value of working with a financial professional extends beyond the numbers on paper. By providing expert guidance, financial planners help alleviate the burden of financial worry, even in the face of uncertainty. Growing Optimism as Canadians Prioritize Financial Well-Being Despite the challenging economic climate, a renewed focus on financial self-care is emerging among Canadians. The 2024 Financial Stress Index shows that Canadians are taking charge of their financial well-being, with 91 per cent having taken at least one action to reduce financial stress in the last year. Tracking expenses is the most popular strategy, adopted by 45 per cent of respondents, while debt repayment (38%) and increased saving (33%) also rank high on the priorities list. The research points to a notable mindset shift with financial well-being at the forefront, as indicated by a growing trend of Canadians prioritizing fiscally responsible decisions when it comes to their expenses. Ranking higher on the upcoming expense list than vacations (19%), nearly one quarter (24%) of Canadians plan on paying off outstanding credit card debt within the next 12 months. That's compared to 21 per cent in 2023 and 19 per cent in 2022. “Canadians are adopting a fiscal-responsibility mindset, which is at the heart of financial empowerment and long-term financial stability. It's a powerful, positive reminder of the value of resilience in the face of adversity,” said Ravi Chhabra, a CFP professional. “While it's undoubtedly disheartening, we can't ignore the reality of the current economy and the limitations it places on the financial choices of Canadians. Prioritizing debt repayment while also budgeting for the things that bring us joy will do more than help us lessen immediate financial burdens. It will also lay the groundwork for a future where we can prioritize life's pleasures without compromising our financial health.” As Canadians embrace the concept of financial well-being, half (50%) are expressing increased optimism about their financial futures compared to 2023 (47%), despite experiencing higher stress levels. At the forefront of this shift, 55 per cent of Canadians under the age of 35 feel hopeful about their financial futures, signaling a resilient mindset towards financial challenges. In today's dynamic financial landscape, the importance of seeking financial support from a professional can't be overstated. As individuals face the complexities of financial decision-making amidst ever-changing economic conditions, the expertise of a Certified Financial Planner professional or Qualified Associate Financial Planner professional can help Canadians of all ages and stages of life take strides toward greater financial well-being. Canadians can find a financial planner at Find Your Planner. About the Financial Stress Index  The Financial Stress Index is conducted each year for FP Canada by Leger, the largest Canadian-owned market research and analytics company. The 2024 Financial Stress Index was completed between February 28 and March 11, 2024, using Leger's online panel, receiving 2,040 Canadian respondents nationwide. For comparative purposes, though, a probability sample of 2,040 respondents have a margin of error of ±2.2%, 19 times out of 20. About FP Canada  Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for EntrepreneursentrepreneursentrepreneurshipFinancesMoneysmall business

Extreme athlete and motivational coach Andre Belibi Eloumou is going to tackle his toughest challenge yet, for a worthy cause that is very close to his heart. On May 24, the opening day of the 2024 Servus Calgary Marathon runners' expo, Belibi will attempt to break the Guinness World Records title for the longest time for a man to be packed in ice. He is undertaking this mission to raise awareness and support for the millions of other people around the world, including his daughter Kira, with Autism Spectrum Disorder (ASD). The world record is four hours and two minutes. Andre is in the final stages of more than one-year of training and preparation for the world record attempt. Last Saturday (May 11), he undertook a test run being packed in ice for two hours outside The Fitness Guy Pete Estabrooks' gym in Calgary's historic Inglewood neighbourhood. Andre's project is being generously supported by Run Calgary, Arctic Glacier Premium Ice, Spolumbo's Fine Foods and Deli, The Home Depot, Ian Boyd – Central Calgary REAL Broker, Primextate Ltd., and a long list of other donors and supporters. Full Video can be seen here. Donations and sponsorships to the Ice Bath World Record for Autism project can be made on Audre's GoFundMe page: https://gofund.me/21509e26 Tax-deductible donations to Autism Canada can be made through Andre's Calgary Marathon charity fundraising page: https://raceroster.com/…/pledge/participant/24936493 For more information about Andre Belibi Coaching programs and services, visit: www.andrebelibicoaching.com  Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story AthletebusinessCanada's Number One Podcast for EntrepreneursentrepreneursentrepreneurshipIce Bathsmall business

n this video interview, Steve Mesler, Co-Founder of Classroom Champions, and Seth Rosenzweig, the organization's new CEO, discuss what the organization does and the recent change in leadership.   PRESS RELEASE Calgary, AB – Classroom Champions, a leading global charity empowering students socially, emotionally and academically through the mentorship and mindset of World Class Athlete Mentors, today announced a significant leadership transition. After over a year of planning, Steve Mesler, co-founder and Olympic gold medalist, will be stepping down from his role as CEO after 15 years and will take on a new position as Chair of the Board of Directors. Concurrently, Seth Rosenzweig, a seasoned nonprofit leader and former CEO of Team IMPACT, will assume the CEO role at Classroom Champions and guide the organization into the future. Mesler, a renowned U.S. Olympic bobsledder who broke the country's 62-year draught when he won a gold medal in the four-man event at the 2010 Vancouver Olympics, co-founded Classroom Champions in 2009 with his sister Dr. Leigh Parise. Under his leadership, Classroom Champions has transformed the lives of hundreds of communities by connecting thousands of children with over 350 Olympic, Paralympic, NCAA, and professional Athlete Mentors who inspire and motivate them to achieve their goals in the classroom and beyond. Mesler has been instrumental in the organization's development and growth, expanding its reach to serve millions of students across North America and around the globe through powerful partnerships such as NBC Olympics, the NHL, Airbnb, Canadian Tire's Jumpstart charity, the Bualo Bills, Team Canada, Google, GoNoodle, and many more. Through his work building Classroom Champions over the past 15 years, Mesler has been recognized as a finalist for the International Champion for Peace, one of Sports Illustrated's “Athletes Who Care,” and was recently awarded the Government of Canada's second highest civilian award, the Meritorious Service Medal from the Governor General of Canada, for Classroom Champions' contributions to educational opportunities for Canadian children. As Chair, Mesler will remain deeply involved and work with Rosenzweig to propel Classroom Champions into thousands more schools to reach millions more children. Reflecting on his transition, Mesler said, “Seeing Classroom Champions evolve into what it is today is both exciting and humbling. I am incredibly proud of what we have achieved for so many children and look forward to continuing to support the organization's mission in my new role as Chair of the Board of Directors. From the moment I met Seth, I recognized that his personal character, combined with his incredible experience building organizations leveraging athletes to help kids, meant that he could be the ideal leader to usher Classroom Champions into its next phase of growth and impact. I feel fortunate and excited he'll be putting on the Classroom Champions jersey.” Seth Rosenzweig brings a wealth of experience in nonprofit leadership and a passion for youth empowerment to his new role as CEO of Classroom Champions. As the former CEO of Team IMPACT, Rosenzweig spearheaded the organization's eorts to connect children facing serious and chronic illnesses with college athletic teams, fostering impactful relationships that provided crucial emotional support and inspiration. In his eight years stewarding Team IMPACT, Rosenzweig led the organization to unprecedented growth. Among Rosenzweig's core objectives in the role is to expand Classroom Champions' footprint across North America. Rosenzweig said, “I am honoured to join Classroom Champions as CEO and to work alongside such a dedicated team making a tangible dierence for students. I am deeply inspired by the organization's mission to empower students through mentorship, and I am excited to begin advancing our impact and reach. I look forward to collaborating with our athlete mentors, educators, and partners to create positive change in the lives of even more deserving students.” As Classroom Champions embarks on this new chapter, the charity remains steadfast in its commitment to empowering students to become resilient, compassionate, and confident community leaders. About Classroom Champions Classroom Champions is a non-profit that has empowered over 5 million children to thrive socially, emotionally, and academically through the mentorship and mindsets of world-class athletes. Working with over 300 Olympic, Paralympic, NCAA student-athletes and professional athletes who volunteer as mentors, Classroom Champions has provided program and curriculum grants to underserved, rural, and Indigenous communities across the continent. Students participating in Classroom Champions see significant improvements in the classroom, teachers see improved engagement, and athlete mentors learn new skills to prepare for life after sport. Learn more at: www.classroomchampions.org. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for EntrepreneursChampionsEducationentrepreneursentrepreneurshipsmall businessSports

In this video interview, Beatrix Abdul Azeez, Policy Analyst with the Canadian Federation of Independent Business, discusses a new report outlining the consequences of a government mandated $20 per hour living wage. Beatrix Abdul Azeez PRESS RELEASE TORONTO, May 15, 2024 /CNW/ – Mandating a $20 per hour living wage in each province would cost the Canadian economy $44.9 billion in extra wages and put almost 600,000 small businesses at risk of becoming unprofitable, finds a new report by the Canadian Federation of Independent Business (CFIB). The report, entitled “Affordability, minimum wages, and living wages: Striking a balance for small businesses,” analyzes the impact of a $20/hour living wage, a proposal under consideration by several organizations. The report finds that governments need a new approach to address affordability challenges as traditional minimum wage and living wage policies fall short in addressing the root causes of the rising cost of living while simultaneously increasing costs on small businesses.   “Minimum wage and living wage policies often miss the mark when it comes to truly supporting the most vulnerable workers. Governments are setting these wages with no anchor in economic reality, relying on subjective and unpredictable criteria,” said Beatrix Abdul Azeez, CFIB policy analyst. “Governments should shift away from relying on these blunt tools and instead adopt a new approach to ensure workers can cope with the rising cost of living, while also guaranteeing that small businesses aren't unfairly burdened.” The cost of adopting a $20/hour living wage in each Canadian province Province Cost (millions) Small businesses at risk of unprofitability Newfoundland and Labrador $943 10,653 Prince Edward Island $332 3,100 Nova Scotia $1,933 14,048 New Brunswick $1,543 12,519 Québec $10,255 141,927 Ontario $16,741 200,387 Manitoba $2,748 23,485 Saskatchewan $1,823 18,432 Alberta $4,309 73,181 British Columbia $4,325 75,495 Canada $44,900 572,499 The unintended consequences of minimum wage increases Recent minimum wage hikes forced 60% of small businesses to raise wages for other workers and 59% of them to raise prices, contributing to current inflationary pressures. In addition, 31% of small businesses had to cut back on hiring young and unskilled workers, with 25% of them reducing overall employment. These findings underscore the need for a more nuanced approach to wage policies that consider the diverse impacts on both workers and businesses alike. “Canada's cost of living crisis requires a more effective framework: making sure rent, food, and gas prices are affordable and stable while extending support to workers and small businesses through tax reductions,” added Jairo Yunis, CFIB's director for BC and western economic policy. “This would go a long way in addressing Canada's affordability shock.” CFIB recommends that governments: Alleviate the impact of rising minimum wages on small businesses by reducing other taxes and payroll costs (such as small business tax rate, CPP, EI, health/education payroll taxes, etc.) Establish a minimum wage setting process that is predictable, transparent, reflective of market conditions, and mindful of economic impacts. Link minimum wage adjustments to private sector wage growth or a predetermined percentage of the median wage. Address the root causes of the affordability crisis by enacting policies to increase the supply of housing, reduce energy taxes, and remove interprovincial and international trade barriers. Provide targeted fiscal support for vulnerable workers through reduced personal income tax rates, increased basic personal amounts, and expanded tax credits. Read the full report here. About CFIB The Canadian Federation of Independent Business (CFIB) is Canada's largest association of small and medium-sized businesses with 97,000 members across every industry and region. CFIB is dedicated to increasing business owners' chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for EntrepreneursentrepreneursentrepreneurshipLiving wagesmall businessWages

April and Laura are back in the virtual recording booth for another 1:1 strategy session! This week, they're dissecting a media mishap that went viral earlier this spring when Kellogg's Co-CEO Gary Pilnick suggested that consumers eat cereal for dinner when their funds are tight. Tune in as April and Laura discuss the backlash and boycotts which ensued on social media, analyze how Kellog's slow response impacted the narrative, and offer suggestions for how the brand could have mitigated the fallout. This week's Anonymous PR Horror story features a write-in from a listener whose client has been ghosting them for regularly-scheduled calls. April and Laura share the warning sings of a potentially disengaged client, how to crack through the silence when a client is difficult to reach, and how to identify the best methods of communication for every client contact. Read the PR News of the Week here: https://www.today.com/food/groceries/kellogg-ceo-cereal-for-dinner-save-money-backlash-rcna140540  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

On the show this week, we have a double guest interview! Daniel Bisett and Tricia Ulberg are the founders of the We Rock DM agency and co-hosts of the We Rock DM Amplified podcast.  Daniel is an award-winning digital marketing instructor at the McCombs Business School at the University of Texas, with Tricia by his side as teaching assistant. They're here to discuss branding and website development for brands of every size, from mom-and-pop shops to multi-million-dollar companies. With hosts April and Laura, they also discuss the costs associated with a high-quality website, how design factors into brand development, and what to do when a client feels emotionally attached to an outdated brand aesthetic. They also cover a few ways that an updated website design can support a brand's PR goals.   For this week's PR News section, April and Laura discuss a recent article about AI in journalism, and how PR practitioners can adapt.  Learn more about Daniel & Tricia's work here: https://www.werockdm.com/  Listen to April's interview on the We Rock DM Amplified podcast here: https://www.werockdm.com/work/april-white/  Read the PR News of the Week here, in PR Daily: https://www.prdaily.com/pr-pros-must-prepare-for-the-rise-of-ai-journalism/  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

In this video interview, Donovan Bailey, Olympic gold medal sprinter, discusses his career, his thoughts about success and his message to young athletes. Bailey is in Calgary speaking Tuesday April 30 at the annual Champion Chats fundraiser for Classroom Champions. He's also guest speaker Thursday May 30 at the Calgary Italian Sportsmen's Dinner. HERE'S THE PUBLICIST MATERIAL FOR HIS BOOK A memoir of Olympic glory, the value of mentorship and the courage to champion your own excellence, from the long-reigning world's fastest man, Canadian sprinting legend Donovan Bailey. From the lush fields of his boyhood in Jamaica, to the basketball courts of Oakville, where he came of age in one of Canada's most thriving cultural mosaics, to his sprint toward double Olympic gold for Canada in Atlanta in 1996, Donovan Bailey got a long way on natural talent. But he also learned that in the bureaucratic world of Canadian sports, an athlete who didn't come up in the system needed to take charge of his fate if he was going to become the world's best. As he ascended from outsider to dominant athlete, others didn't always understand the rigour at work behind Bailey's confident demeanor. He'd learned from watching Muhammad Ali that a champion needed to act like a champion. But media grew fixated on the sprinter's immodesty, the likes of which they never saw from Canadian athletes, especially track athletes in the wake of the Ben Johnson doping scandal at Seoul in 1988. Bailey was having none of it, and when he called out Canada's subtle racism and contradicted the prevailing idea most Canadians had of their country, he left in his wake a media uproar and cracked wide open the nation's moral complacency. In addition to his unforgettable 100-metre and 4×100 relay gold-medal sprints in Atlanta, Bailey's track career was a litany of records and rare accomplishments, including his audacious 1997 race in Toronto's SkyDome against American 200-metre Olympic champion Michael Johnson to determine who was really the world's fastest man. There was no disputing the result. Bailey had been coached in success before he was seriously coached in athletics. Following the lead of his father, a machinist-turned-real estate investor, Bailey became a millionaire by the age of 21, an experience he continues to draw on as an entrepreneur and philanthropist. Frank about his dominance on the track and unapologetic for expecting as much of those around him as he expects of himself, Undisputed is an athlete's story that refuses to settle for second best. Donovan Bailey PRESS RELEASE Calgary, AB – The annual Champion Chats fundraiser luncheon held April 30, 2024 at Hyatt Regency Calgary is now sold out. At over 55 tables of guests, this year's Champion Chats will be the biggest ever and brings together over 450 of Calgary business leaders, Olympians and Paralympians, and community leaders to support the work of Classroom Champions, a non-profit dedicated to providing specialized programming for high-needs schools across Western Canada – and across North America – by partnering students and classrooms with athlete mentors. “This year's event is the biggest one yet with dozens of CEOs joining us for this incredible afternoon meant to educate and inspire us while providing needed funds for programs close to home,” said Steve Mesler, President and CEO of Classroom Champions. “It's clear that there is a lot of excitement about hearing from our stellar line-up of athletes who will speak about their own experiences achieving personal excellence.” The 2024 event panel includes: Donovan Bailey: Widely regarded as one of the greatest professional athletes of all time, Bailey won a gold medal for Canada in the men's 100m at the 1996 Olympic Summer Games and set a world record with a time of 9.84 seconds. He works to uplift organizations that aspire to achieve greatness. In October 2023, he released his memoir, “Undisputed”. Luke Willson: As a Canadian former professional football player, Luke played tight end in the National Football League (NFL) and is one of the few Canadian athletes ever to win a Super Bowl. He spent his first five NFL seasons with the Seattle Seahawks where he was a fan favourite, winning Super Bowl XLVIII with the team. He retired from the NFL in 2021 and is an NFL analyst on TSN. Waneek Horn-Miller: As one of Canada's few Indigenous Olympians, Waneek has used her unique experiences in life and sport combined with a passion for her culture to influence Indigenous and non-Indigenous leadership in sport and wellness. A Mohawk from the Kahnawake Mohawk Territory near Montreal, Waneek was behind the lines during the Oka crisis in 1990 when a Canadian soldier's bayonet stabbed her. It was a near-death experience that marked a turning point in her life. Waneek is one of North America's most inspiring female Indigenous speakers. Long-time panel moderator for Champion Chats, Tara Slone is back to host the panel and will lead the conversation about what it takes to achieve excellence, both personally and as a community — a theme that is sure to resonate with the entrepreneurs and leaders in the room. Donovan Bailey adds, “I'm thrilled to be a part of this year's fundraiser and am honoured to work with Classroom Champions to raise awareness about the critical need to provide kids with skills to meet their challenges. I look forward to inspiring Calgarians and supporting Classroom Champions' great work.” Champion Chats will also celebrate the 25 Calgary-based energy companies known as the “Energizing Communities Collective” who are focused on their commitment to creating a long-term positive impact within their operating areas across B.C., Alberta, and Saskatchewan. Gold members of the Collective include Athabasca Oil Corporation (new), ARC Resources, Crescent Point, Headwater Exploration, PETRONAS (new), Spartan Delta, Pembina Pipeline Corporation, Tamarack Valley Energy, and Tourmaline Oil Corp. “It's amazing to see how our locally based charity is growing at such a rapid pace and to see how our impact extends to classrooms across North America and around the globe. The local business community is making that happen, says Mesler.” He adds that Champion Chats is an opportunity to celebrate the non-profit's extraordinary momentum. Funds raised at Champion Chats will directly benefit children by providing them with athlete mentors, as well as supporting teachers with the Classroom Champions curriculum. More about Classroom Champions Classroom Champions is a nonprofit charity that has impacted over a million students to thrive socially, emotionally, and academically through the mentorship and mindsets of world-class athletes. Working with 300+ Olympic, Paralympic, university student-athletes and professional athletes who volunteer as mentors and over 5,000 teachers, Classroom Champions programs and curriculum has worked with predominantly underserved, rural, and Indigenous communities across the continent. Students participating in Classroom Champions see significant improvements in the classroom, teachers see improved engagement, and athlete mentors learn new skills to prepare for life after sport. Learn more at: www.classroomchampions.org. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story Canada's Number One Podcast for Entrepreneurs @entrepreneursentr #epreneurship #smallbusiness #Success

In this video interview, Don Kottick, President and CEO of Sotheby's International Realty Canada, discusses a new report released by the company on the luxury real estate market in Canada. Don Kottick Kottick talks about sales activity, prices, inventory and what to expect from the market. PRESS RELEASE 2024 First Quarter Highlights Canada's luxury real estate market eased into 2024 with modest sales gains and an increase in consumer engagement and pre-transactional activity as listings supply returned, often at prices adjusted to current market conditions. Single family home demand continued to lead the revitalization of luxury sales, reflecting a shift in high-end consumer preferences given the rising carrying costs and changing financial dynamics for luxury condominiums. Consumer sentiment and market dynamics evolved in the Greater Toronto Area (GTA) in the first quarter of 2024, as seller and buyer expectations came into better alignment, setting the stage for improved sales activity. Luxury residential sales over $4 million rose 18% year-over-year across the GTA, in a market that remained balanced overall. Despite a discernible improvement in consumer engagement, first-quarter luxury sales over $4 million were down 17% year-over-year in Vancouver, as prospective home buyers and sellers strategically deferred transactional activity to spring. Montreal's luxury market experienced a stronger than anticipated start to 2024, as residential sales over $1 million increased 53% year-over-year in the first quarter, while sales over $4 million were on par with activity in the first quarter of 2023. Calgary's luxury market continued to eclipse national trends as positive net interprovincial migration and buoyant consumer sentiment spurred a 63% annual spike in first quarter sales over $1 million, with two transactions over $4 million compared to a quiet first quarter in this market segment in 2023. TORONTO, April 24, 2024 (GLOBE NEWSWIRE) — Canada's luxury real estate market eased into spring with modest sales gains across key metropolitan cities, as the dynamic between prospective home sellers and buyers improved, and pricing expectations continued to come into alignment. Despite strengthening consumer confidence and an increase in early-stage market engagement in the initial months of 2024, the expectation of additional property listings supply and potential interest rate declines prompted some buyers and sellers to defer transactions into the spring market. As a result, the country's major metropolitan areas are expected to see a moderate improvement in sales activity across the luxury and conventional markets in the months ahead. According to Sotheby's International Realty Canada's Top-Tier Real Estate: Spring 2024 State of Luxury Report, consumer dynamics in the Greater Toronto Area (GTA) evolved in the first quarter of 2024, setting the stage for measured sales gains and a balanced market this spring. As the price expectations of home sellers and prospective buyers came into better alignment, both pre-transactional and sales activity increased across the region's luxury market. As a result, residential real estate sales over $4 million (condominiums, attached and single family homes) between January 1 – March 31 climbed 18% year-over-year from the first quarter of 2023. In these preliminary months of the year, there were no property sales over $10 million recorded on Multiple Listings Service (MLS), in contrast to the single property sold in the same period of 2024. Overall GTA residential sales over $1 million rose 11% year-over-year. Vancouver's luxury residential real estate market experienced a notable increase in pre-transactional activity in the first quarter of 2024, as consumer and real estate industry confidence continued to strengthen within a market that remained in balance. However, a significant cohort of prospective purchasers continued to await a wider selection of property listings inventory in the spring market to follow. As a result, residential sales over $4 million were down 17% year-over-year in the first quarter of 2024, with none of these recorded over $10 million on MLS compared to four transactions in the first quarter of 2023. Overall, $1 million-plus residential sales were largely on par with previous year's levels, with a marginal 1% year-over-year shortfall. Luxury sales activity in Montreal reflected a stronger-than-anticipated start to 2024, as residential sales over $1 million between January 1– March 31 increased 53% year-over-year within a market that maintained balanced conditions overall. Residential real estate sales over $4 million were on par with first-quarter 2023 levels at eight units sold. Record in-migration, a bold economy and soaring end-consumer and investor confidence in housing continued to strengthen Calgary's luxury real estate market performance in the first quarter of 2024. Between January 1– March 31, residential sales over $1 million surged 63% year-over-year, positioning the city as one of Canada's most dynamic and top-performing luxury markets. $4 million-plus sales were also up year-over-year in the first quarter to two properties sold, in contrast to the quiet market experienced in the first quarter of 2023. “Over the past two years, as conventional and luxury real estate market conditions softened under the influence of climbing interest rates and changes to taxes and regulations relating to home ownership, persistent tension defined the interactions between home sellers holding onto lofty pricing expectations from previous peaks, and buyers seeking properties priced for the current market. This stand-off slowed transactional momentum in several of Canada's major metropolitan luxury real estate markets in 2023, particularly in Vancouver and Toronto, where hyper-inflation of luxury housing prices was the previous norm,” says Don Kottick, President and CEO of Sotheby's International Realty Canada. “Luxury market dynamics at the start of 2024 reflect a progressive shift in consumer psychology: sellers are now engaging in the market with more realistic pricing strategies, and in some cases, greater motivation to sell. This is setting the stage for productive negotiations with buyers and investors. We expect to see higher transactional volumes and improved market fluidity throughout the spring market.” According to Kottick, Alberta's luxury real estate market has continued to defy national trends and outperform other major metropolitan areas as its major cities, Calgary and Edmonton, continue to attract new residents motivated by favourable costs of living, comparatively affordable top-tier home prices and a dynamic business climate. Vancouver On the heels of a year that saw luxury residential real estate sales over $4 million (condominiums, attached and single family homes) rise a modest 8% year-over-year in 2023, the City of Vancouver's luxury market reflected a marked increase in pre-transactional activity in the initial months of 2024. Bustling open houses, an uptick in property enquiries, heightened buyer engagement in the home search process and an increase in property listings signalled cautious consumer and industry optimism for the spring market ahead. Despite solidifying confidence, the traditional seasonality of the real estate market, which typically experiences a pullback in property listings supply from December to March, limited the conversion of this heightened interest into tangible transactions in the first quarter of the year, even as it established the foundation for improving sales activity in the months to come. As Greater Vancouver REALTORS® reported that residential sales across the Metro Vancouver region were up a notable 15.9% year-over-year in March 2024, while new listings across the region were up 22.5%, the City of Vancouver's luxury market remained poised at balanced market conditions overall. In the first quarter of 2024, residential sales over $4 million (condominiums, attached and single family homes) pulled back by 17% year-over-year from the first quarter of 2023 to 54 properties sold. There were no ultra-luxury $10 million sales on Multiple Listing Services (MLS) during this time, compared to four units sold in this ultra-luxury price range in the first quarter of 2023. 877 residential properties sold over $1 million between January 1– March 31, a nominal 1% year-over-year shortfall. Property sales between $1 million– $2 million continued to comprise the majority of the city's $1 million-plus residential real estate market, accounting for 64% of these top-tier sales. Following a year that saw luxury consumer preference swing in favour of detached housing, driving single family home sales over $4 million and $10 million to rise 14% and 36% year-over-year in 2023, demand for single family dwellings continued to dominate the city's luxury real estate market, according to Sotheby's International Realty Canada market experts. With this underlying demand, a relative shortfall in luxury single family home supply between $1 million– $4 million in the first quarter of 2024 tipped this segment of the market to the cusp of sellers' market conditions, while deterring transactions as prospective buyers anticipated new property listings and expanded options in the months ahead. 48 single family homes sold over $4 million from January 1– March 31, down 21% from the same period of 2023. There were no single family home sales reported over $10 million on MLS, compared to three sold in the first quarter of 2023. Overall, sales of single family homes over $1 million were down 16% year-over-year in the first quarter of 2023, with 325 homes sold. According to Sotheby's International Realty Canada, multiple offers for premier single family homes located in the city's most prestigious Vancouver Westside neighbourhoods also returned, albeit selectively, and at muted levels in comparison to historical market highs. Although Vancouver's market for luxury condominiums over $4 million remained subdued considering elevated interest rates and changing luxury housing preferences, the first quarter of 2024 ushered in a notable uptick in property listing enquiries, buyer engagement and transactions. Five condominiums sold over $4 million between January 1– March 31, up from four units sold in the first quarter of 2022; however, there were no transactions recorded over $10 million on MLS in the first quarter of 2023, compared to one ultra-luxury condominium sales in the same period of 2023. Overall, condominium sales over $1 million in the first quarter of the year saw a modest annual 11% increase to 278 units sold. The City of Vancouver's longstanding deficit of attached home inventory continued to severely limit the housing mobility of its residents and deter potential sales transactions. In the first quarter of 2024, one attached home sold over $4 million, compared to a quiet market in the first quarter of 2023. Overall, attached home sales over $1 million climbed 13% year-over-year to 274 properties sold between January 1– March 31. According to Sotheby's International Realty Canada experts, consumer confidence is strengthening across Vancouver's luxury market, however, conditions are expected to remain balanced and competition for properties will remain tempered relative to the city's history of frenzied bidding wars and historic highs. As a result, for discerning buyers, the spring market will remain an advantageous window for a property purchase in advance of a widely anticipated interest rate decline and corresponding market resurgence before the end of the year. Calgary Following robust sales gains in 2023, the City of Calgary continues to outperform in 2024 as one of the leading metropolitan luxury real estate growth markets in Canada. The city is riding a wave of economic growth, with three consecutive years of increasing GDP. This momentum is expected to continue in 2024, with the Calgary Economic Development forecasting a 2% increase in GDP and a fourth year of economic expansion for the city in its 2024 Economic Outlook. The gains in Calgary and Alberta's economy have not only cultivated an optimistic sentiment towards housing investment across the province's key metropolitan areas, but have also attracted an influx of new residents at record-setting numbers who are invigorating tangible demand for conventional and luxury housing. In fact, as of January 1, 2024, Alberta had seen a 4.4% annual increase in population (202,324 people) according to the Government of Alberta, with net migration eclipsing other provinces' gains. This establishes the foundation for robust housing demand in the year ahead. In the first quarter of 2024, the City of Calgary's residential real estate market experienced a surge of activity, with the Calgary Real Estate Board (CREB) reporting that the sales-to-new listings ratio rose to 84% in March and that inventory levels remained at near-record lows. Against this backdrop, the brisk and consistent absorption of available top-tier inventory by buyers and investors reinforced seller's market conditions in the city's luxury segment. According to Sotheby's International Realty Canada experts, the quarter was marked by a healthy balance between supply and demand, and a rise in luxury property sales. Despite facing a shortage of high-end inventory, overall luxury residential real estate sales over $1 million (condominiums, attached, and single family homes) in Calgary saw an increase of 63% to 441 properties sold from January 1–March 31, 2024, with property sales between $1 million–$2 million comprising 92% of overall $1 million-plus sales. Notably, two luxury properties priced over $4 million were sold in this period, compared to an inactive first quarter of 2023. As was the case in the first quarter of 2023, there were no transactions over $10 million on MLS recorded in the first quarter of the year. In the initial months of 2024, Calgary's single family home market maintained its position as the city's most sought-after housing type, accounting for 83% of $1 million-plus residential real estate transactions from January 1—March 31. However, this share was down from 89% in the first quarter of 2023 as higher-density housing sales gained a greater percentage of the top-tier market. Single family home sales over $1 million rose by 52% year-over-year to 366 properties sold during this period. Sales of single family homes above $4 million increased to two properties sold, in contrast with the lack of activity in this segment in the first quarter of 2023. The luxury attached home market in Calgary showed sustained growth in the initial months of 2024, as the relative affordability of this property type in comparison to single family homes attracted a wide range of buyers, including those moving up from condominiums and those seeking to downsize. Exhibiting the greatest year-over-year gains of the city's housing types, luxury attached home sales of over $1 million surged a remarkable 200% to 60 properties sold between January 1—March 31. Consistent with 2023, no transactions were reported in the $4 million-plus luxury segment during this time. Calgary's top-tier condominium market has experienced a steady rise in demand, largely due to their comparative affordability, particularly for individuals migrating from provinces with a higher cost of housing. This trend not only underscores a shift in the city's lifestyle and urban demographic, but also reflects the increased financial leverage these new residents bring to the market. Consequently, luxury condominium sales over $1 million increased 67% year-over-year with 15 transactions recorded in the first quarter of 2024. Consistent with the previous year, there were no condominium sales in the market above $4 million. Looking ahead, the city's strong economy, burgeoning job market, as well as its livability, accessible cost of living and favourable conventional and luxury housing prices, will continue to attract strong interprovincial migration in 2024. These new residents and investors will require housing and foster positive conditions for real estate investment and upward housing mobility. According to Sotheby's International Realty Canada, all fundamentals point towards a spring of robust performance and healthy activity in Calgary's luxury real estate market. Greater Toronto Area Market dynamics and consumer psychology within the Greater Toronto Area's (GTA) luxury real estate market improved in the first quarter of 2024, signalling escalating sales activity in the months ahead. Since the inception of the Bank of Canada's aggressive monetary policy tightening campaign in March 2022, tension has persisted between prospective home sellers and buyers, with the former harbouring pricing expectations anchored in recollections of past market highs, and the latter seeking properties at realistic, current valuations. This has resulted in impasses for individual sales transactions, and muted activity across the luxury market overall. According to Sotheby's International Realty Canada experts, this dynamic improved in the first quarter of 2024 as sellers returned to the market with more realistic pricing targets and greater motivation to sell. This change is fostering the potential for productive negotiations, increased transactional activity and greater market fluidity in the spring months ahead. New momentum was foreshadowed at the end of the first quarter, as the Toronto Regional Real Estate Board reported an 11.2% annual increase in quarterly home sales across the GTA, as new listings rose 18.3%. First-quarter luxury residential sales in the Greater Toronto Area (Durham, Halton, Peel, Toronto and York) reflected renewed consumer activity and balanced market conditions overall. Between January 1– March 31, 2024, luxury residential sales over $4 million (condominiums, attached and single family homes) were up 18% year-over-year to 99 properties sold across the GTA, as ultra-luxury $10 million-plus property sales on Multiple Listings Service (MLS) remained quiet in comparison to the single property sale in the same period of 2023. Overall, residential sales over $1 million experienced a 11% annual increase to 7,345 properties sold in the GTA during this time. Property sales between $1 million– $2 million comprised 86% of the region's $1 million-plus residential market, up from 85% in the first quarter of 2023. Within the City of Toronto, first-quarter luxury sales over $4 million rose a notable 33% year-over-year to 57 properties sold, with no transactions over $10 million yet recorded on MLS. $1 million-plus residential real estate sales in the city rose 8% year-over-year to 2,264 properties sold between January 1– March 31. According to Sotheby's International Realty Canada, luxury pricing trends continued to stabilize in the first quarter as inventory returned to the market at listing prices better reflective of current conditions, while qualified home buyers approached their property search and negotiations with purpose, pragmatism and reasonable time horizons. In instances where premier properties attracted multiple offers, bids remained within realistic limits of current market values. Demand for single family homes continued to command the region's luxury residential housing market in the first quarter of 2024. GTA sales over $4 million from January 1–March 31 were up 18% year-over-year to 90 homes sold, with none of these selling above $10 million on MLS, compared to one home sold in this ultra-luxury price range in the first quarter of 2023. Overall, single family home sales over $1 million increased 9% year-over-year to 5,350 properties sold in the first quarter of 2024. In the City of Toronto, luxury single family home sales over $4 million rose 29% year-over-year to 49 properties sold, with no transactions above $10 million on MLS, on par with the first quarter of the previous year. Overall, 1,385 single family homes sold above $1 million in the first quarter of 2024, a year-over-year increase of 8%. The GTA luxury attached home market saw renewed activity in the first quarter of the year as 1,472 properties sold over $1 million, a healthy 21% annual increase. Although there were no attached home transactions over $10 million, two attached homes sold over $4 million in the City of Toronto, as was the case in the first quarter of 2023. Overall, $1 million-plus attached home sales in the City of Toronto rose 13% year-over-year to 506 homes sold in the first quarter of 2024. Although sales activity in the GTA luxury condominium market was subdued in the first quarter of 2024, there were indications of consumer re-engagement as an increasing number of buyers and investors emerged to explore a market that continues to skew in their favour. From January 1– March 31, seven condominiums sold over $4 million across the region compared to six units sold in this price range in the first quarter of 2023. All transactions took place in the City of Toronto, double the number of condominiums sold over $4 million in the city in the first quarter of 2023. As in the first quarter of 2023, there were no condominiums sales over $10 million on MLS across the GTA in the first quarter of 2024. Overall, 523 $1 million-plus condominium units sold in the GTA in the first three months of 2024, up 11% from the first quarter of 2023. 373 of these units sold within the City of Toronto, up 6% year-over-year. The region's luxury condominium market continues to offer advantageous conditions for buyers and investors to acquire properties under less competitive circumstances than in years past, and from a favourable position for successful negotiation. As the spring real estate cycle gains traction, experts at Sotheby's International Realty Canada are forecasting a season of steady activity in a luxury market positioned for balanced conditions overall. Expanded luxury housing inventory offered at current market valuations is expected to encourage a significant cohort of active and qualified buyers to transact. Furthermore, as Canada's primary destination for immigration with 29.5% of recent immigrants to the country settling in the region according to Statistics Canada, population gains will continue to buoy both conventional and luxury housing demand and sales. However, while luxury sales are expected to gain momentum, the upcoming spring promises a more relaxed environment than in years past, allowing buyers to navigate their options with strategic deliberation and with greater potential for success in securing a desired home. Montreal The City of Montreal's luxury housing market experienced a stronger-than-anticipated start to 2024, as the market showed signs of awakening after a subdued 2023. Although residential sales over $1 million and $4 million had experienced annual declines of 14% and 22% respectively in 2023 as economic uncertainty and high borrowing costs clouded market sentiment and prompted potential buyers to postpone home purchases, Sotheby's International Realty Québec experts reported a surprising and unseasonably early uptick in spring market activity in the first quarter of 2024. According to market experts, there is a renewed demand for opportunities in the market, and luxury buyers are displaying a greater readiness to transact on properties favorably priced for current market conditions. Although the overall housing market in the Montreal Census Metropolitan Area remained in a balanced market position with a sales-to-new-listing ratio of 48.6% in the first two months of 2024, a slight decrease from the first two months of 2023 (49.3%) according to the latest data from the Quebec Professional Association of Real Estate Brokers (QPAREB), market conditions in some of the City of Montreal's most prestigious neighborhoods are tilting in favour of sellers as pent-up consumer demand absorbs available top-tier housing supply. Overall, in the first quarter of 2024, residential real estate sales over $1 million (condominiums, attached and single family homes) in the City of Montreal increased 53% year-over-year, with 378 properties sold. 84% of the city's $1 million-plus property transactions were in the $1 million– $2 million range. Luxury sales over $4 million remained unchanged with eight homes sold in the first quarter of 2024, the same number of transactions as in the first quarter of 2023. No ultra-luxury property sales were reported over $10 million on Multiple Listing Services (MLS) between January 1 — March 31, 2024, as was the case in the same period of 2023. Compared to the first quarter of 2023, single family home sales over $1 million surged 74% with 162 total home sales in the first quarter of 2024. Of these homes sold, six did so in the luxury $4 million-plus segment, unchanged from the same period last year. According to experts at Sotheby's International Realty Canada, demand for single family homes in the entry-level price point for top-tier properties, between $1 million – $2 million has remained robust. In the first quarter of 2024, this segment represented 75% of total single family sales over $1 million, as was the case in the first quarter of 2023. As activity in the top-tier single family home segment heats up, demand has spilled over into the high-end attached home market, where potential buyers are eager to secure a property from limited supply before competition intensifies in the spring. Overall, attached home sales over $1 million increased 39% year-over-year to 118 properties sold. Luxury attached home sales over $4 million remained consistent with the first quarter of 2023, posting no transactions. In the wake of Montreal's quiet luxury condominium market in 2023, which saw a 21% annual decline in $1 million-plus sales and a concurrent 33% decline in $4 million-plus sales, the first quarter of 2024 ushered in renewed sales activity. Overall, top-tier condominium sales over $1 million increased 42% year-over-year to 98 properties sold, while luxury condominium sales in the market over $4 million remained unchanged year-over-year, with two sales reported in the first quarter of 2024. Consistent with the same period last year, no sales were reported in the ultra-luxury $10 million-plus segment between January 1 – March 31. According to experts at Sotheby's International Realty Canada, the renewal of activity in Montreal's top-tier housing market in the first quarter of 2024 foreshadows an active spring ahead. Despite a steady inflow of property listings inventory, the Montreal Census Metropolitan Area is forecasted to grow by 2.5%, attracting skilled workers and families with a need for housing. Furthermore, the consumer price index reading in February shows topline inflation at 2.8% year-over-year, down from 2.9% year-over-year in January and well within the Bank of Canada's preferred range of 1–3%, improving consumer sentiment given the anticipation of rate cuts from Canada's central bank later this year. With the region's economic prospects stable, sales activity across Montreal's conventional and luxury real estate market is expected to see steady gains in the months ahead. About Sotheby's International Realty Canada Combining the world's most prestigious real estate brand with local market knowledge and specialized marketing expertise, Sotheby's International Realty Canada is the leading real estate sales and marketing company for the country's most exceptional properties. With offices in over 35 residential and resort markets nationwide, our professional associates provide the highest caliber of real estate service, unrivalled local and international marketing solutions and a global affiliate sales network of approximately 1,115 offices in 84+ countries and territories to manage the real estate portfolios of discerning clients from around the world. For further information, visit www.sothebysrealty.ca. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story businessCanada's Number One Podcast for Entrepreneurs #entrepreneurs #entrepreneurship #Homes #Housing #Luxury #RealEstate #smal business

In this video interview, Marc Carnes, CEO of Alberta-based radio station CKUA, discusses the financial situation of the station and efforts to raise money to keep it alive. On April 17, Carnes addressed the CKUA community with an update about CKUA's future. He talks about his recent message, how much money needs to be raised, fundraising efforts, the history of the station, the importance of the station to the music and arts and cultural community, its reach, and the importance of music in society. Here was his full message: I'm CKUA CEO Marc Carnes, and I'm addressing you today because CKUA needs your help. There's no other way to say it: We must raise $3 million by September 30. Without it, CKUA's cash reserves will be depleted, and we will be forced to shut down after 96 years of serving Albertan—and honourary Albertans—like you. This news may shock you, but if you've read any headlines lately, it's no secret that the music, arts, and culture sectors have never fully recovered from the pandemic. It's also no secret that the commercial broadcasting sector continues to struggle. Many of our independent, donor-supported public radio peers in the United States are in the same boat. This is not happening because of a lack of success. CKUA audiences have been growing and diversifying steadily over the past five years. Our fundraising revenues have been steady at a time when many charities and cultural organizations are struggling. Our advertising sales have been steady at a time when traditional media advertising has plummeted in recent years. In an economy where charitable dollars are tight and advertising-based traditional media is struggling, we are bucking the trend. This speaks to the value people place on our service and what it means to them. What's more, we do all of this without the government footing the bill for us. But CKUA is not immune to the challenges faced by so many. Like many households and businesses, inflationary pressures have been increasingly difficult over the last 18 months. Borrowing rates have doubled. Utility costs have skyrocketed. Capital maintenance of our vast and complex technical systems has become more expensive than ever. This, coupled with ever-changing and new federal regulations, has been a lot for CKUA to absorb in a short time. As the owner of the Alberta Hotel, our broadcast centre, CKUA has also felt the effects of record-high, post-pandemic commercial real estate vacancies in downtown Edmonton. 18 months ago, every square foot of our building was spoken for. Last summer, the building was half empty, and revenues had almost completely disappeared after our main tenant became insolvent. Just 18 months ago, our budgets were balanced. Today, a perfect storm is threatening our future, a mere three and a half years before our centennial. Because of these factors, the sound of Alberta is at risk of going silent. When we saw CKUA's new reality unfolding, we took immediate action. We cut and deferred as many expenses as possible while maintaining the operations our listeners generously support with charitable donations. We worked with real estate professionals and developed scenarios for how to fill Alberta Hotel with paying tenants, given the current market. We sought to collaborate with the provincial and federal governments for financial help. And we developed a plan to diversify our fundraising revenues through major gift and legacy giving leading up to our centennial in 2027. All of these measures take time. But time is not on our side. As a non-profit, CKUA has always been a lean, mean machine for the size of our 24/7 province-wide operation. That is even more true today. We're doing more with less, and that's thanks to our incredible team, whose dedication and persistence in the face of these challenges inspire me every day. What's more, they are doing amazing, creative work that is being recognized and sought out by more people. They have every reason to be proud. As I am of them. We've also found some success in filling our building and are negotiating with several new tenants. But the high interest rate on our loan is still dogging us, and the revenue from these potential new tenants won't come online for several months. Disappointingly, after a year of conversations, the provincial and federal governments have yet to step up. We continue our conversations with the provincial government, driving home our role in telling a piece of Alberta's story around the globe. Since our humble beginnings in 1927 as Canada's first public broadcaster, we have been there for Albertans. Today, we give a province-wide platform to our artists and our storytellers, filling the growing hole left by national media and the loss of local independents. As of yesterday, the federal and provincial government budgets have come and gone, and we have received no indication that financial help is coming. Despite hundreds of millions of dollars in new money for our national public broadcaster and relief for privately owned media companies in their time of need, Alberta's broadcasting and cultural gem has been left out. And, CKUA isn't just a broadcasting investment—it's a heritage investment. Our historical record collection is one of the finest in North America—priceless, in fact. As Canada's first public broadcaster, we are the blueprint for all public and community broadcasters across Canada. For hundreds of thousands of artists and listeners in communities across the country and around the world, CKUA is a big part of what it means to be Albertan. We'll keep talking with both governments because we know CKUA is an important part of Alberta's cultural past, present, and future. But we cannot wait any longer for them. The time is now for the community to jump into action. We are the sound of Alberta. For over 96 years, we have faithfully met the needs of our community to be informed, inspired, and connected with people who share the same passions and values. We are a station of firsts—the first station in Canada to broadcast a football game, the first to stream its programming online, and the first to showcase incredible artists like k.d. lang, Jann Arden, and Corb Lund to the world. But our success isn't just in the past. Last year, our audience grew by 13%, and more than 10% over the last 5 years. This has outpaced the commercial radio sector in Alberta and even the donorsupported public radio sector in the United States where our business model most closely aligns. However, the truth remains: We provide a service anyone can access and enjoy anywhere. Since public airwaves are free, we can't automatically pass on our cost increases to our customers as most businesses can. Nor can we wait any longer for the government to come through. We must crowdsource. The only thing we can rely on is the generosity and power of the CKUA listening community. We must do what we did valiantly in 1997 when the Government of Alberta decommissioned us. We must show up in record numbers and show the world what the CKUA community means to so many—THAT collective voice IS the sound of Alberta. I can't be more perfectly clear: Advertising revenues do not fund CKUA. The government has yet to come to the table. This is about you. Only YOU can save CKUA. I've spent a lot of time talking about our storied past and our current state. Today's address isn't about what was, or what is. Today is about what can be. We have an incredible community of listeners and champions who believe wholeheartedly in what we do and what it means to so many. I know we can get there, together. Our monthly audience reach has grown to over 470,000 Albertans alone. Of those, an estimated 100,000 are regular listeners. Of those, a little more than 10,000 donate to support CKUA to the tune of nearly $4 million a year. The math is right in front of us. It is within your power and that of your fellow listeners to make all the difference. So the question is: What does CKUA mean to you? How much does 365 days of CKUA, a unique and invaluable part of your life, mean to you? Is it a family outing to an annual festival? A concert at your local arena? Is it the same amount as a subscription service based halfway around the world and in no way connected to your community? Or is CKUA, and the community it creates, something more meaningful and substantial than an algorithm? I'm asking you directly: If you listen and do not donate to CKUA, The Time Is Now to get in the game because only you can protect CKUA. You can't count on someone else to do it for you. The time is now to step up. It's time to step up and protect the sound of Alberta. We have a plan. We must raise $3 million by September 30 to weather the perfect storm. In the coming weeks and months, we will also appeal to individual donors and continue calling on the government to do its part. The first step is right now. Every year in April, we launch our spring on-air fundraising campaign. This year, it starts Friday, April 19. Over those 10 days, our goal is to raise the first $775,000 towards our $3 million goal. We absolutely have to surpass that goal—we have to crush it. The more we raise in those first 10 days, the better the momentum and the better the story to tell as we ask donors, community members, and the government to invest in our future. And then, over the coming five years, we will launch a centennial fundraising campaign that will help build an endowment and contribute to sustainable funding for CKUA's second century. But CKUA's future starts today. The Time Is Now. You can start by going to CKUA.com and becoming a recurring annual or monthly donor, right now. Thank you. And thank you for your support of CKUA—one of Canada's true cultural treasures. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story AlbertabusinessCanada's Number One Podcast for EntrepreneursCKUAentrepreneursentrepreneurshipRadiosmall business

In this video interview, happiness expert Dr. Gillian Mandich discusses the state of happiness in today's world. She is a scientist on a mission to help people live their happiest life. Mandich is a published researcher; two-time TEDx speaker; the founder of The International Happiness Institute of Health Science Research; and you can often find her in the media on shows such as The Social, Marilyn Denis, Breakfast Television, and The Morning Show. I use the latest evidence-based health information and science to help people live happy, healthy lives. My PhD is from Western University in Health Science, specializing in Health Promotion. I am a top-rated keynote speaker and I appear regularly as the resident Happiness Expert on The Social and Breakfast Television. I've also appeared on ABC7 New York, Global TV, CP24, CityLine, City News Toronto, Your Morning, CTV Toronto, Rogers TV, and CTV London. My academic work has been published in The Canadian Journal of Diabetes, The Journal of Sport and Exercise Psychology, The International Journal of Environmental Research and Public Health, The Canadian Journal of Community Mental Health, The Canadian Journal of Dietetic Practice and Research, and Health Science Inquiry. I've presented at academic conferences such as The World Diabetes Congress; International Society of Behavioral Nutrition and Physical Activity; The 2nd, 3rd, and 4th National Obesity Summits; The Canadian Public Health Association; Canadian Diabetes Association; International Congress of Dietetics; and The Public Health in Action Symposium. My work has been published in The Huffington Post, Chatelaine, Oxygen Magazine, Clean Eating Magazine, MindBodyGreen, Inside Fitness, Sweat Equity, and STRONG Fitness Magazine. I work with brands including Reebok, CLIF Bar, and Clean Eating. I've been featured on QVC, HSN, Today's Shopping Choice, Virgin Radio, The Gazette, The Ottawa Business Journal, Alive Magazine, and The London Free Press. I've spoken at events including The CanFitPro World Fitness Expo, The Green Living Show, Women In Wellness, The Total Mom Show, The Allied Beauty Association Revel In Beauty Show, The Archangel Show, Girl Power in Play Symposium, Women Who Influence, Health Hustlers, Pint of Science, and the Strong Women Summit. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business Canada's Number One Podcast for Entrepreneurs #entrepreneurs #entrepreneurship #Happiness #MentalHealth #smallbusiness

In this video interview, Kelley Keehn, founder of Money Wise Workplaces, discusses why it's important to spring clean your finances. Keehn talks about what people need to toss, what they need to keep and what they need to get as well as some strategies for people feeling the pain of rising costs these days. Keehn is a  founder, author, speaker, and media personality with over 25 years of experience in personal finance education. She's passionate about transforming financial stress into workplace success, helping individuals and organizations thrive. As the founder of Money Wise Workplaces, her team has created a comprehensive Canadian platform and live events that ease financial stress, boost loyalty and productivity, and support employees' financial well-being. Its platform features 100+ video lessons, webinars, and financial experts, including her, who deliver engaging and practical advice on topics such as budgeting, saving, investing, debt, retirement, and more. She's also a best-selling author of several books, including Talk Money to Me, Rich Girl, Broke Girl, and The Woman's Guide to Money, which have received international recognition and praise. Keehn is a renowned speaker who has delivered keynote presentations and workshops to audiences across Canada and the world. She's a media personality who has appeared on various TV and radio shows, podcasts, and magazines, sharing her insights and tips on financial literacy and empowerment. Keehn's mission is to redefine workplace financial wellness, and to help employers and employees create a culture of financial confidence and abundance. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. businessCanada's Number One Podcast for Entrepreneurs #entrepreneurs #entrepreneurship #Finances #Money #smallbusiness

This month, Trust Relations is celebrating five years in business!  In this special episode, April and Laura welcome Fatou B. Barry to the virtual recording booth! If  you're a PR practitioner and you use Instagram, you probably follow PR Girl Manifesto; Fatou is the founder of the nonprofit organization of the same name. She is also the co-founder of the advocacy group Hold The PRess. Fatou is here to discuss her impressive career, and how she built a viral community for tomorrow's PR pros, through PR Girl Manifesto. Tune in as April and Laura cover some of the PR industry issues which inspired the PR Wine Down — and April's decision to found Trust Relations. Your favorite podcast hosts chat with Fatou about uprooting toxic and outdated industry practices, improving mentorship and learning in the PR agency environment, changing the PR profession for the next generation, and more.  In the PR News of the Week segment, April and Laura discuss a common media training question: Is it ever acceptable to share information with a reporter “off the record?”  Learn more about Fatou's work here: https://www.fatoubarry.com/  Follow PR Girl Manifesto on Instagram: https://www.instagram.com/prgirlmanifesto/?hl=en  Read the PR News of the Week here, in PR Daily: https://www.prdaily.com/how-to-go-safely-go-off-the-record-with-a-reporter/  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

In this video interview, Samantha Villiard, Regional Vice President, RE/MAX Canada, discusses the real estate company's latest luxury home market report. Samantha Villiard FULL PRESS RELEASE  TORONTO, April 2, 2024 /CNW/ — With the end of quantitative tightening in sight, luxury home-buying activity in most markets across the country are slowly shifting into high gear as buyers reap the benefits of softer housing values, according to a report released today by RE/MAX Canada. RE/MAX Canada's 2024 Spotlight on Luxury Report examined luxury home-buying activity in 10 markets across the country in the first two months of the year and found that, despite a disconnect between buyers looking for deals and sellers' price expectations, almost all regions reported a strong start to the year. Ninety per cent of markets experienced an increase in high-end sales, with more than two-thirds recording double-digit growth. Saskatoon led the country in terms of percentage increases, with a 57-per-cent uptick in luxury home sales, followed by Montreal at almost 56 per cent and Calgary at 52 per cent. Edmonton posted a 32-per-cent increase in luxury sales year-over-year, while Winnipeg, Halifax, Toronto and London reported increases of 19.4 per cent, 16.7 per cent, 14.4 per cent, and 9.4 per cent respectively. Only Ottawa saw a decline compared to year-ago levels, with sales down nearly eight per cent. “While figures remain off peak levels reported during Covid, the upswing in luxury sales signal a return to overall health in the country's major centres,” according to RE/MAX Canada President Christopher Alexander. “The ripple effect is already underway, with stronger home-buying activity at lower price points pushing sales into the upper end. In some cities where inventory levels are particularly challenging at the lower end, multiple offers have returned with a vengeance. While that isn't the case at the top end, pent-up demand does exist, and activity is gaining momentum.” Lower overall values, strong equity gains and downward trending interest rates are supporting demand for luxury product including freehold and condominium properties in markets across the country. While a disconnect is somewhat hampering activity in larger markets, with sellers holding out for Covid-era values and buyers seeking bargains, those serious about making moves are finding common ground. An ample supply of product exists in most markets, although some neighbourhoods are experiencing exceptionally low inventory levels at sought-after price points. An influx of fresh, new properties in the spring will renew buyer interest and activity, but chronic supply issues will likely persist at the entry level to luxury. “Equity continues to play a significant role in the marketplace, driving demand at the top end of the market,” explains Alexander. “Although overall gains have been elusive in recent years, a good percentage of buyers who purchased in 2018 and 2019 are well positioned to make their next moves. For example, in the Greater Toronto market, buyers who purchased homes at an average price in 2018 saw equity rise by almost 43 per cent by the end of 2023 ($787,842/$1,126,591). These buyers are coming to the table with a larger downstroke and reduced risk from a lending perspective.” Luxury home-buying activity is also undergoing change as a younger demographic moves into the upper end of the market. Demand is strongest for newer, well-appointed homes in traditional hot pockets. Turnkey properties are most coveted, although there are some buyers that are willing to renovate. The desire for more space and less congestion is once again an emerging trend, as acreage properties boasting large homes in suburban-rural or rural areas experience an upswing in popularity in London, Ottawa, Edmonton and Saskatoon. Building activity is also making a comeback, with new construction and infill on the rise in half of all markets examined. Some luxury buyers looking to expand their purchasing power are moving over into markets such as London (drawing buyers from the Greater Toronto Area), Halifax, Calgary, Edmonton and Saskatoon (drawing buyers from Ontario and British Columbia). However, activity among foreign buyers has fallen dramatically since the introduction of the Foreign Buyer Ban by the Federal Government in January 2023, which it extended through to early 2027. The impact has been palpable in the uber-luxe segment of major markets, such as Metro Vancouver and Toronto, as well as the condominium market in the City of Montreal. “While the idea of a Foreign Buyer Ban sounds good in principle, it makes less sense in practice,” says Alexander. “The ban was originally intended to make a greater number of properties available to Canadians and reduce upward pressure on housing values. The Bank of Canada's 10 rate hikes were all that was needed to achieve that objective, all the while supply remains at historical lows.” Condominiums have been a popular option this year, despite single-detached homes comprising the lion's share of luxury sales. Condo activity was strongest in Metro Vancouver, where sales climbed close to 70 per cent in the first two months of the year (27 versus 16). Solid condominium activity at the high-end price points was also reported in London, fuelled by empty nesters and retirees, and in Ottawa and Montreal. Halifax, which has limited condo product in the top end, has already recorded four sales to date. Some baby boomers in Saskatoon are also opting to downsize from larger homes in high demand areas to newer luxury condominiums in the core. “Buyer enthusiasm is evident as the spring market ramps up,” says Alexander. “Yet, despite the uptick, we're still seeing some factors constraining sales at luxury price points. Most significant is the tax implications at the uber-luxe levels, which have been weighing down the segment, particularly in the Greater Toronto Area.” On the sale of a $4 million home in Vancouver, for example, buyers will pay $90,000 in land transfer taxes. On the sale of a property of similar value in the City of Toronto, land transfer taxes will set buyers back close to $183,000. While sale under $7.5 million remain surprisingly resilient, only one sale has occurred over that threshold (and it was not located in the City of Toronto). The adjustment to higher taxation levels has been slow, but it is being offset somewhat by pent-up demand, with some deciding they can only hold off for so long. Others, meanwhile, are reluctant to list their properties, impacting supply, or are choosing to renovate rather than take a substantial tax hit. “Assuming a continuation of current economic fundamentals, momentum is set to climb at luxury price points from coast to coast,” says Alexander. “With recent inflation numbers coming in lower than expectations at 2.8 per cent, the possibility of further improvement in interest rates only strengthens growing optimism. Yet, there is an air of caution as the challenges of recent years remain fresh in the minds of buyers and sellers. Confidence is building, with the light at the end of the tunnel clearly visible. Demand is coming from a mix of high-income professionals/executives, retirees, empty-nesters, Gen X and millennials, newly landed immigrants, as well as large and multigenerational families – a good sign, as the diversity of buyers at the top end of the market today bodes well for its overall health in the future.” HIGHLIGHTS Condominium sales are up almost 70 per cent in Greater Vancouver. Multiple offers occurring in Calgary; some homes selling sight unseen. Some multiple offers are occurring in Saskatoon, although at the lower price points. This may filter upward in coming months. Alberta markets remain strong – Calgary and Edmonton have been bolstered by affordability, providing buyers with more bang for the buck. Double-digit sales growth was seen in two-thirds of markets (70 per cent or seven out of ten markets examined), including Halifax, Montreal, Toronto, Winnipeg, Calgary, Edmonton and Saskatoon. London is close behind with a 9.4-per-cent increase in top-end sales. The uber-luxe market has heated up significantly in Toronto, with a 77-per-cent jump in sales over $5 million (32 vs. 18), split evenly between the 416 and 905. On the west coast, demand for uber-luxe properties has fallen year-over-year, largely attributed to the Foreign Buyer Ban. Inventory in Toronto is tight in many hot-pocket areas, but values are being held in check for the most part, for now. MARKET-BY-MARKET OVERVIEW METRO VANCOUVER Although softer housing values and greater selection have bolstered sales of detached homes over $3 million in the luxury segment of the Metro Vancouver market in the first two months of the year, strata condominium sales have taken the lead in terms of percentage increases, with sales volumes up 68 per cent year-over-year. Twenty-seven strata condo sales averaging $4 million were recorded between January 1 and February 29 of this year. In contrast, there were 16 sales during the same period in 2023, with an average price of $4.5 million. Just over half of 2024's strata sales (14) occurred in Vancouver's Westside, compared to 11 sales in 2023. Luxury condo buyers at the top end of the market have adjusted expectations, allowing them to sidestep higher interest rates by choosing smaller apartments rather than larger units in the city's most coveted strata buildings. While 2024 appears to be the year of the condominium, year-to-date sales of luxury detached properties in Metro Vancouver have climbed as well, rising almost three per cent in the first of two months of the year. One hundred and fifty-five detached homes changed hands over the $3 million price point so far this year, compared to 151 properties sold during the same period in 2023. Nearly half of those sales (74) occurred in the Westside, where the lion's share of high-end activity occurs in communities, including Point Grey, Dunbar, Kerrisdale, Kitsilano, Kerrisdale and S.W. Marine Dr. Demand for detached housing at uber-luxe levels has fallen this year in large part due to today's high interest rate environment coupled with the Foreign Buyers Ban (implemented by the Canadian government in 2023 and extended until early in 2027). For every quarter point uptick in interest rates, a $50,000 increase in income is required. Those factors, combined with local municipal taxes, including a vacant home tax at two per cent of the total value of the property, and a hefty land transfer tax, have proven insurmountable. Just nine detached homes were sold over $6 million in the first two months of this year in Metro Vancouver, compared to 20 during the same period in 2023. Evidence of the shift in the detached uber-luxe market appeared in the second half of 2023 but has accelerated in the first few months of 2024. Fewer buyers and an increase in the number of high-end detached properties listed for sale in Metro Vancouver has resulted in some downward pressure on values, as evidenced from the sales stats. However, many sellers are holding firm, rather than entertaining lowball offers. Local buyers are the driving force in Vancouver's housing market, but momentum has yet to reach the upper price points for detached housing. Long-anticipated cuts to interest rates are expected to breathe new life into the city's luxury segment as the ripple effect moves through the overall market in the latter half of the year. Demand for both condominiums and detached homes at the top end is expected to improve, especially with rate cuts on the horizon, moving through 2024. CALGARY Calgary's juggernaut real estate market continues to advance, with home-buying activity at the top end of the market climbing 52 per cent in the first two months of 2024. Seventy-six single family homes changed hands over $1.5 million between January 1 and February 29, up from 50 properties during the same period in 2023. Nearly 60 per cent of sales took place in February. Considerable equity gains have allowed local homeowners to step up to larger homes organically in recent years, while luxury buyers from provinces such as British Columbia and Ontario are realizing their dollar stretches much further in the city. The vast majority of purchasers are active in the lower end of the luxury market, stimulating sales between $1.5 million and $2 million. Multiple offers are occurring, and some properties have sold sight unseen in recent weeks. Two-thirds of sales are taking place in Calgary's inner city – including Mt. Royal, Elbow Park, Britannia and Belair – and in neighbourhoods on the periphery of the core such as the Westside, which offer a balance of accessibility and amenities. Communities on the city's outskirts make up the remainder of sales, where the combination of the luxury lifestyle and acreage play a substantial role. Ninety-five per cent of luxury sales are now taking place between $1.5 million and $3 million, with uber-luxe sales over the $4 million price point representing a smaller share of the market. Strong activity at the lower end is likely connected to the mortgage sliding scale and general affordability, with higher interest rates having a greater impact on momentum at the top end. Just over 190 properties are currently listed for sale over $1.5 million, which represents approximately 15 per cent of total inventory. There is a 4.9-month supply of luxury product, which is likely to increase slightly with the spring market just around the corner. The city is on track for a record year of real estate activity in the high end, with any Bank of Canada cut to interest rates expected to encourage greater activity in the luxury segment. With an estimated 3,500 inter-provincial migrants arriving monthly, the pressure on the middle of the market, priced from $800,000 to $1.2 million, will promote spillover into higher price points, further enabling current homeowners to trade up with relative ease to more expensive homes. EDMONTON Edmonton's luxury market continues to fire on all cylinders as both local buyers and those migrating from Ontario and British Columbia spark home-buying activity over the $1 million price point. Sales of high-end homes are up 32 per cent year over year, with 33 single-family and condominium properties sold between January and February of 2024, up from 25 sales during the same period one year earlier. Detached homes in the $1 million to $1.5 million range remain the sweet spot in the market, with the vast majority of sales occurring between these price points. Demand has been greatest in infill core areas of South University, near the University of Alberta and the opposite side of the North Saskatchewan River, including neighbourhoods such as Crestwood, Laurier, and Glenora. The suburban outskirts have also experienced a surge in demand, given new construction in areas like Windemere and acreage properties offering homes with considerable square footage. Condominium sales, on the other hand, are fewer and farther between, with just two sales occurring this year, compared to three one year ago. Large families, multi-generational families, professional athletes, and high-income professionals are behind the push for luxury product in Edmonton. Equity gains have played a role as prices have edged upwards in recent years. Downsizing, lateral moves, and life events have also prompted movement in the market. The upward momentum in the high end is driven by in-migration and relative affordability, where buyers' dollars stretch further. An adequate supply of homes is currently available for sale in Edmonton, with many new builds under construction. The landscape is also changing in many established neighbourhoods as tired, older homes are renovated, or if need be, demolished and replaced by custom builds as investors and builders move to meet the demands of today's buyer. Continued strength and growth are forecast for Edmonton's luxury sector, where the high end represents approximately one per cent of total sales. There are 20 properties pending at present, which foreshadows the strength of the overall market heading into the spring. With lower interest rates on the horizon, there's little doubt that Edmonton's housing market will continue to thrive throughout the remainder of the year. SASKATOON Saskatoon's luxury market is off to a strong start heading into the traditionally busy spring market. Sales of high-end homes over $700,000 are up 57 per cent in the first two months of the year, with 22 homes changing hands between January 1 to February 29, up from 14 during the same period in 2023. A healthy economy and an influx of new Canadians and out-of-province buyers have buoyed home-buying activity in Saskatoon. Net international immigration to the province was just short of 30,000 in the first three quarters of 2023, according to Statistics Canada Quarterly Demographic estimates, provinces and territories: Interactive Dashboard. The strong demand for housing, coupled with a shortage of available properties, is placing strong upward pressure on pricing. Multiple offers are already occurring at lower price points – $350,000 to $500,000 – and threatening to spill over into higher-price ranges. Seventy-nine properties are currently listed for sale over $700,000, with 14 conditional offers pending. New home builders are trying to make up for time lost during the pandemic, when soaring construction and labour costs stymied homebuilding activity. Prices for new construction now start at $600,000 in Saskatoon, with pressure building on existing housing stock. The greatest demand exists at luxury's lower price points, between $700,000 and $800,000 at present, although that could rise in coming months as more sales push through higher price points. Affordability has been drawing buyers from other provinces and there has been a significant increase in young professionals working in oil and gas, mining, and technology. Many are buying properties with small acreage on the outskirts of town where prices are affordable. Equity gains have also played a role, helping local buyers to move up to the next level, particularly those in their late 20s and early 30, who tend to stay in the same neighbourhoods where they grew up. Many are choosing to renovate the older character homes on large lot sizes. Infill is on the rise in many established communities as empty nesters make lateral moves, trading larger lot sizes for newer homes with all the bells and whistles. Baby boomers are selling homes in desirable enclaves such as Caswell Hill, River Heights, Mayfair, Buena Vista, Mt. Royal, North Park, and the original homes along the South Saskatchewan River, and moving to some of the newer condominiums in the centre of the city or across the river in Nutana. The trend toward multi-generational living has also contributed to the uptick in luxury sales, with immigration helping to prop up this segment. With Saskatchewan's commodity-based economy expected to rebound, demand for homes in Saskatoon's luxury segment is forecast to accelerate in 2024. GDP growth in the province is expected to be the second highest in the country in 2024 at 1.3 per cent, following on the heels of Alberta, according to the 2023-24 Mid-Year Report by the Government of Saskatchewan. WINNIPEG Affluent purchasers were strong out of the gate in Winnipeg's luxury housing market, with sales up 19 per cent in the first two months of the year. Forty-three homes sold for over $750,000 between January and February of 2024, the most expensive of which topped $4 million, up from 36 sales during the same period last year. While interest rates have proven challenging for many buyers, the downward trend in mortgage rates has provided some additional incentive for sidelined buyers to take advantage of lower housing values in advance of a Bank of Canada rate drop. Pent-up demand will likely play a significant role in the city housing market once rates fall, placing additional pressure on Winnipeg's already tight inventory levels. Just 130 properties are currently listed for sale over $750,000. Most high-end sales are occurring at entry-level price points, typically between $750,000 and $1 million. Most buyers are young professionals, but there are a growing number of multi-generational purchasers who are looking for larger homes that can accommodate several families. In the city's older luxury enclaves, buyers are looking for dated properties with good bones that are ripe for renovation, allowing them to customize their homes and build value immediately. Demand for infill product is on the upswing, with teardowns now occurring with greater frequency in Tuxedo and North River Heights, where older character homes situated on sprawling lot sizes are commonplace. While many buyers choose to work within the existing structure, custom home builders typically target homes that have been neglected and require a full gut. In some communities, builders are working with the city to sub-divide larger lots in line with the city's commitment to increase density. Depending on their price point, buyers are typically drawn to established communities in Tuxedo, North River Heights, and Victoria Crescent in Norberry, or newer communities in the south including South Pointe, Bridgwater and Sage Creek. These new developments, part of a 15-year development plan between local homebuilders and the Province of Manitoba, are now nearing completion. The average price for a new home in these sought-after communities is close to $1 million. With affordability driving sales at the lower end of Winnipeg's housing market, spillover is expected into higher price points in the months ahead. Many buyers are reluctant to place their homes up for sale too early, fearing that they will not be able to find their next home. Those on the fence are waiting patiently for the right listing to come along, and once it does, they will pounce. LONDON London's housing market is off to a strong start overall with sales up almost 30 per cent in the first two months of the year. Multiple offers are occurring unabated between $400,000–$700,000, yet softer demand exists for luxury properties in the city. Fifty-eight properties have sold to date over $999,999, up 9.4 per cent from year-ago levels for the same period. Most luxury home sales occurred between $1 million and $1.3 million, with just 10 sales reported over the $1.3 million threshold, signifying some hesitancy at the high end. The exception to the rule is the rare uber-luxe property that offers acreage (two to 10 acres), a larger home, and a triple-car garage. Impeding activity at the luxury price point is a disconnect between buyers and sellers, with many sellers still listing properties at loftier 2021 values while buyers are looking for deals. An ample supply of luxury homes is available for sale heading into the busy spring market, where sales of all homes, including freehold and condominium properties, are expected to see increased pressure as the ripple effect takes hold. London continues to experience an influx of buyers from other areas of the province, with the largest segment coming from the Greater Toronto Area. Drawn to the value proposition of the city's residential real estate and its growing base, these affluent buyers are competing with local buyers at the mid-to-top end of the market. Most of the activity in the higher end is occurring in the Southwest (18 sales), where selection is greatest, and the Northwest (20 sales). The remaining sales are occurring on the outskirts of the city. Retirees and upgrading millennials are responsible for the lion's share of activity in the luxury segment, which represented 4.5 per cent of total sales (58/1,036) between January 1 and February 29. Most of the buyers in the city's luxury market are seeking newer homes that are bolder architecturally, with most offering a modern twist, including an open concept, high ceilings, and all the usual bells and whistles. Older character homes in the city's most prominent areas close to the university are also experiencing solid demand, but higher price points are proving challenging. Empty-nesters and retirees are opting for condominiums in close proximity to the city core. Many are willing to renovate older condominiums offering good square footage to their specifications. Home-buying activity in London's luxury segment is expected to heat up in coming months, with lending rates already reflecting the easing expected to impact overall interest rates in the months ahead. Momentum is anticipated to build as buyer's move to realize homeownership before housing values climb beyond their reach. GREATER TORONTO AREA The Greater Toronto Area's (GTA) luxury market has sprung back to life in the first two months of the year, with home sales over the $5 million price point leading the way. Thirty-two freehold and condominium properties changed hands between January 1 and February 29th, up 77 per cent from the 18 sales reported during the same period in 2023. Of the 32 properties sold over $5 million to date, 17 sales occurred in the 416, while 15 were located in the 905. While the new municipal land transfer tax on the luxury segment in the City of Toronto has had some effect on housing sales at the $3-million-plus price point, sales over $7.5 million have borne the brunt, with only one sale occurring over $7.5 million to date, compared to three during the first two months of 2023. Overall luxury sales priced over $3 million are trending higher than year-ago levels, with 167 freehold and condominium properties sold between January and February, up more than 14 per cent from the 146 sales that were recorded during the same period last year. Demand is particularly strong between $3 million and $4 million for detached product, but activity in this range is largely hampered by fewer listings available for sale. Just 115 properties were available for sale between $3 million and $4 million in the central core heading into the traditionally busy spring market. Some communities were down to single-digit inventory levels, including Leaside (3); Cedarvale, Humewood, Forest Hill South, and Yonge-Eglinton (5); Banbury-Don Mills (7); the Beaches (4); and Stonegate-Queensway (5). Realtors with interested buyers have been in constant contact with other realtors regarding upcoming listings in coveted hot pockets and heated price points. Inventory levels remain tight throughout the Greater Toronto Area, with few new listings coming to market at the top end. At least one-third of properties currently listed for sale over $10 million are carryovers from 2023. The disconnect between buyers and sellers remains an issue at luxury price points, where many sellers still expect their homes to fetch similar value to that of the Covid years. Buyers, particularly at uber-luxe levels, are submitting offers at 80 per cent on the dollar but quickly realize that high-end sellers are holding their ground in anticipation of a stronger luxury market down the road. Some areas are more impacted than others, with the Bridle Path in a world of its own, given that listings are especially scarce in the neighbourhood. Some downsizing is also occurring in the market, with empty nesters and retirees making more lateral moves into luxury condominium apartments, townhomes, and new builds on smaller-sized lots in desirable neighbourhoods. Eleven condominiums have sold for more than $3 million in the first two months of the year, compared to 10 between January and February of 2023. Despite strong demand, new builds on small lots are few and far between. Interest rates remain the greatest roadblock to homeownership at present, with many waiting on the sidelines for rate cuts. It's anticipated that once rates start to fall, Toronto's housing market will be exceptionally robust, with pent-up demand the driving force behind heated home-buying activity. OTTAWA While luxury home-buying activity in Ottawa was strong out of the gate, sales softened somewhat in February with affordability taking a backseat to inventory. Just 48 freehold properties priced over $1.2 million changed hands in the first two months of 2024, down over seven per cent when compared to the 52 sales that took place between January and February of 2023. Fewer homes are listed for sale at the top end of the market this year, which has hampered sales activity to some extent. Less than 400 properties are currently available over $1.2 million, 30 per cent of which are priced over $2 million. Equity has played a role in luxury sales this year, as existing homeowners seek to leverage gains against softer housing values. When combined with lending rates that are trending lower, buyers are finding that affordability has improved and what was once beyond their grasp is now attainable. Buying patterns have also changed in the high end this year, given increased demand for detached properties that offer greater privacy and larger lot sizes. As a result, there have been more sales occurring in suburban-rural neighbourhoods, including Stittsville, Kanata, Riverside South, Greely, and Manotick. Demand for more traditional areas, such as McKellar Heights and Westboro, have experienced an uptick. Fewer sales have occurred in Ottawa's coveted Golden Triangle. Luxury condominiums have experienced a slight increase in sales over year-ago levels. Twelve properties were sold over the $800,000 price point in January and February of 2024, up from 10 during the same period in 2023. Condominiums continue to be a popular choice amongst young professionals and downsizing empty nesters and retirees who want to be in the city's core. An ample supply of condominium apartments is available, with 39 properties currently listed for sale. Heated home-buying activity at lower price points, characterized by strong demand and multiple offers, is expected to spill over into Ottawa's luxury market in the second quarter of the year. While a bounce-back is anticipated in the top end, fuelled by lower lending rates and lower housing values, concerns in the civil service sector over the possibility of a federal election could serve to dampen buyer enthusiasm in the short term. CITY OF MONTREAL Strong activity early in the year has set the stage for a robust spring housing market in the City of Montreal's luxury sector. Year-to-date (January 1 – February 29) sales priced over $2.5 million have increased 55 per cent, with 14 freehold and condominium properties changing hands so far this year, compared to nine during the same period in 2023. As lending rates trend lower and consumer confidence levels climb, more buyers and sellers are expected to enter the top end of the market. While inventory is currently ample at higher price points, much of the existing supply has been carried over from 2023. That scenario is expected to change in coming weeks as sellers move to take advantage of the vibrant spring market. While some luxury buyers are still sitting on the fence, hoping values will fall, increased activity is expected to place upward pressure on pricing in the months ahead. Pricing is key in today's market, with local buyers more selective than in years past. Well-appointed homes are generating the greatest interest, especially when located in the city's premier communities that have withstood the test of time – Westmount, Outremont and Hampstead. Younger buyers, looking for more funky architecture, tend to be drawn to areas like Plateau-Mont-Royal, Rosemont-La Petite-Patrie and Villeray, where modern renovations and custom builds are cropping up. New infill properties with the latest finishes, located in established older neighbourhoods have also drawn the attention of some high-end buyers. While luxury condominiums sales are up over last year, the market has been somewhat affected by the Foreign Buyer Ban. Would-be buyers from France, the Middle East, and Asia have been shut out of the market in recent years, and the extension of the Federal government's Foreign Buyer Ban to early 2027 has not helped. Evidence of the slowdown is most noticeable at the $800,000 to $1.3 million price point this year. With the end of quantitative tightening by the Bank of Canada in sight, a much-improved housing market is expected to emerge in the City of Montreal. Sales are forecast to be especially brisk at the lower end of the luxury market, priced under the $1.4 million price point, where multiple offers are expected to be commonplace. HALIFAX Despite an overall flattening in residential real estate activity at luxury price points, sales of properties priced over $1.2 million in Halifax reported a 16 per cent increase in the first two months of the year. Fourteen sales occurred between January 1 and February 29, with 10 single-family homes and four condominium/townhomes changing hands, compared to 12 sales during the same period in 2023. Local executives and newly-landed immigrants have been behind the push for high-end housing in Halifax this year. Some softening in values have contributed to the uptick in activity, with the average price of a luxury property sold in 2024 hovering at $1.56 million compared to $1.73 million one year ago. Halifax's Peninsula area continues to draw the greatest number of buyers, with 50 per cent of sales occurring in the community to date. The area offers up a limited supply of stately character homes, some offering waterfront with riparian rights, in a picturesque setting within five minutes of the city core. While listings are scarce on the Peninsula, there are several properties in the area that offer potential for renovation where the money invested will usually provide a decent return upon sale. The remainder of sales activity is occurring in sought-after suburban neighbourhoods and on the outskirts of town where waterfront properties offering lake frontage are a popular choice. Newer, contemporary construction is cropping up in established older communities such as Bedford West, where modern homes are quickly snapped up. An influx of listings early in the year has contributed to greater selection at the top end of the market for buyers but have held price appreciation in check for sellers. This is primarily due to strong upward momentum at lower price points which has pushed more properties into higher price points. As a result, many would-be trade-up buyers have been sidelined, especially at the $800,000 to $1.2 million price point. There are currently 78 properties listed for sale over the $1.2 million price point. The economic impact of 10 rate hikes by the Bank of Canada in a relatively short period of time has affected a large percentage of local buyers, but falling lending rates are slowly drawing some back into the market at lower price points. On the cusp of the traditional spring market, the forecast is promising. Although the flurry of activity experienced during the Covid era is unlikely to repeat itself, the Halifax housing market is expected to ramp up in coming months. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC, RE/MAX Ontario-Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. businessCanada's Number One Podcast for EntrepreneursentrepreneursentrepreneurshipHomesHousingLuxuryReal Estatesmall business

In today's evolving technological landscape, businesses must adapt swiftly to harness new opportunities and remain relevant. In a special report, Mastercard explores tech trends poised to reshape commerce over the next three to five years. Darrell MacMullin Advances in three areas — artificial intelligence, computational power and data technology — are converging to propel these trends forward. As they spur innovation, technology will become more intuitive, interactive, immersive and embedded in our daily lives — with significant implications for finance, retail and other sectors. In this video interview, Darrell MacMullin, Senior Vice President, Product and Platform, for Mastercard, discusses the key findings from the report. The full report can be found here.       Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story.   #business #Canada's Number One Podcast for Entrepreneurs #entrepreneurs #entrepreneurship #innovation #smallbusiness #tech #technology

Longtime listeners, rejoice! This week, one of our favorite repeat guests is back in the virtual recording booth. In this episode, Ronjini Joshua, Owner & President of The Silver Telegram PR agency, is back for an industry update. Together with hosts April and Laura, Ronjini shares her observations about the PR industry in 2024 so far. They also discuss challenges facing PR practitioners as media scrutiny continues to rise, the increase in solo practitioners in the PR industry, and the budget constraints that many brands faced in Q1.   Also in this episode, April and Laura discuss a recent viral video in which a former Cloudflare employee was laid off. The conversation includes the common messaging mistakes companies make when facing layoffs, and how brands can use empathy and strategic communications to avoid these pitfalls when sharing difficult news with their staff. Read the PR News of the Week here: https://www.morningbrew.com/daily/stories/2024/02/11/companies-use-every-term-in-the-thesaurus-to-avoid-saying-you-re-fired?mbcid=34314159.1258026&mid=21d46d16783f109d631ad3b58fdb2827&utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

In this video interview, Paula Allen, Global Leader, Research & Client Insights, TELUS Health, discusses the latest Mental Health Index and its key findings. Allen talks about how many young workers feel isolated and lonely, the impact that is having on them and on businesses, how many workers are high at risk of mental health, and the importance of an employee feeling valued. PRESS RELEASE TORONTO, March 19, 2024 /CNW/ – Today, TELUS Health released its TELUS Mental Health Index (“the Index”) with reports that examine the mental health of employed people in Canada, the United States, the United Kingdom, Europe, Singapore, New Zealand and Australia. The Canadian report reveals that young Canadian workers under 40 are increasingly feeling isolated and lonely compared to their older colleagues. Further, nearly half (45 per cent) of workers say they do not have relationships with people they trust at work with younger workers more likely to lack trusted relationships. The lack of trusted relationships is a factor in loneliness, which can lead to lower mental health scores and poorer physical health. The World Health Organization (WHO) has declared loneliness to be a pressing global threat, with the effects of isolation and loneliness now being recognized and compared to well-known health risks such as smoking, obesity and lack of physical activity. In fact, the US surgeon general is saying that its mortality effects are equivalent to smoking 15 cigarettes a day. “The Index findings reflect a concerning reality, in particular for our younger workers. It also impacts businesses as loneliness and social isolation negatively impact both health and workplace productivity,” said Paula Allen, Global Leader, Research & Client Insights, TELUS Health. “Rapid societal changes, alongside diminishing social support, are taking their toll. Additionally, there are challenges like inflation, housing affordability and job loss risks that are clear stressors, especially at the start of a person's career when there is typically less financial stability. Organizations can help by focusing on building a culture of trust, which counters isolation, and highlighting their health, personal and financial programs, which offer crucial support.” Efforts to combat the negative impacts of isolation and loneliness on employee health and productivity not only improve wellbeing but also have financial benefits for employers. The TELUS Mental Health Index also found: Thirty-three per cent of workers in Canada have a high mental health risk, 45 per cent have a moderate mental health risk, and 22 per cent have a low mental health risk. One in ten workers in Canada (10 per cent) do not feel valued and respected by their colleagues; this group has the lowest and worst mental health score (49.1), 20 points lower than workers feeling valued and respected (69.1). Women are 50 per cent more likely than men to report that harassment, bullying, unhealthy conflict and other harmful behaviours are not quickly and fairly resolved in their workplace. More than one in seven (15 per cent) rate their company's culture around mental health as negative. Twenty-one per cent of workers in Canada do not know if their employer provides mental health benefits or their employer does not provide mental health benefits. In January 2024, the mental health scores of workers in various regions were: Canada: 63.5 United States: 70.7 United Kingdom: 64.7 Europe: 62.0 Australia: 63.1 New Zealand: 59.6 Singapore: 62.6 The TELUS Mental Health Index is based on a response scoring system that then turns individual responses into point values. Higher point values are associated with better mental health and less mental health risk. Scores between 0 to 49 correspond with distress levels, scores between 50 to 79 correspond with strain levels and scores between 80 to 100 correspond with optimal levels of mental health. “Creating a supportive and inclusive work environment is not only a responsibility, but also an invaluable opportunity for employers to proactively shape the wellbeing of their teams,” said Dr. Matthew Chow, Chief Mental Health Officer, TELUS Health. “With the physical and mental impacts of isolation now being discussed more broadly, it would be wise for employers to acknowledge it as a health risk and prioritize meaningful social connections to support employee wellbeing. In addition to implementing employee assistance programs and other initiatives to address the mental strain, fostering a healthy and connected workplace environment enables individuals to thrive. This, in turn, leads to improved retention, productivity, engagement and overall better health outcomes.” The January TELUS Mental Health Index also includes important findings related to key psycho-social risks in the workplace. Read the full Canadian TELUS Mental Health Index here. About the TELUS Mental Health Index The data for the TELUS Health Mental Health Index was collected through an online survey in English and French from January 13, 2024 to January 22, 2024 with 3,000 respondents. All respondents reside in Canada and were employed within the last six months. The data has been statistically weighted to ensure the regional and gender composition of the sample reflects this population. About TELUS Health TELUS Health is a global healthcare leader providing comprehensive primary and preventive care services and solutions to improve physical, mental and financial wellbeing for employees and families worldwide. With our advanced technology and dedicated team members, including more than 100,000 compassionate health professionals, we are covering more than 70 million lives in 160 countries. We are on a mission to become the most trusted wellbeing company in the world by building the healthiest communities and workplaces on the planet through simplifying access to care and improving the flow of information between care providers, insurers, employers and individuals. For more information please visit: www.telushealth.com. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #MentalHealth #small business

In this video interview, Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation, discusses the carbon tax increase that is coming on April 1. He discusses the impact of the tax on consumers and businesses as well as talking about an alcohol tax hike and at the same time politicians giving themselves raises. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. businessCanada's Number One Podcast for Entrepreneurscarbon taxentrepreneursentrepreneurshipsmall businessTaxationTaxes

April and Laura are chatting 1:1 this week about two lesser-known issues a PR practitioner might face: a use case of anti-brand messaging, and how to manage feedback that isn't constructive. The PR News of the Week features an update on Tesla's PR strategy, with a critical look at The Dawn Project's anti-Tesla Superbowl ad back in February. April and Laura also weigh the consequences of Elon Musk's longtime rejection of investing in a formal PR team for himself or his business and discuss whether a brand can be successful without a strategic communications infrastructure. This week's Anonymous PR Horror story features a write-in from a listener whose last manager shared a series of overly-personal pieces of feedback, and how to bounce back from non-constructive criticisms at work. Your favorite hosts also candidly share their own personal experiences with targeted personal criticisms in the workplace. Read the PR News of the Week here: https://www.businessinsider.com/super-bowl-ad-tesla-boycott-tech-ceo-2024-2  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

In this video interview, Ben McCabe, personal finance expert and CEO/Founder of Bloom Finance, discusses the results of a new survey indicating 67 per cent of Canadian homeowners over the age of 55 are concerned that their savings may not suffice to sustain their quality of life through retirement due to the increasing cost of living across Canada. PRESS RELEASE TORONTO–(BUSINESS WIRE)–Today, Bloom Finance Company Ltd. (“Bloom”) is excited to introduce an innovative payment card designed for Canadian homeowners aged 55 and above, enabling them to access their home equity in micro-sized, responsible increments each month. By enabling micro equity access on an as-needed basis, this first-of-its-kind card provides a sustainable solution to homeowners navigating financial challenges in retirement. The Bloom Home Equity Prepaid Mastercard addresses the pressing need for innovation within the financial landscape for Canadians 55+, particularly in meeting the unique requirements of Canadian retirees who own their homes. A recent report conducted by Bloom among members of the Angus Reid Forum revealed that 67 per cent of Canadian homeowners over the age of 55 are concerned that their savings may not suffice to sustain their quality of life through retirement due to the increasing cost of living across Canada. With three-quarters of Canadian retirees owning their homes, Bloom aims to empower this demographic to enhance their quality of life and withstand financial adversities triggered by inflation and the escalating cost of living. Additional findings from the survey include: Nearly half (46 per cent) of Canadian homeowners over the age of 55 are considering taking on part-time work during retirement to combat inflation and the rising cost of living. Only 29 per cent of Canadian homeowners above 55 years of age are considering downsizing or alternative living situations to access their home equity earlier than expected. 6-out-of-10 (59%) Canadian homeowners aged 55 and above agreed that accessing micro-amounts of their home's equity would significantly help maintain their desired living standard. The Bloom Home Equity Prepaid Mastercard functions like any other payment card at the point of sale, in-store or online. However, with no required monthly payments, it acts as an addition to clients' spending power. Leveraging Bloom's unique home equity release structure, the card comes with no monthly bill, and amounts spent by clients do not need to be repaid until they pass away or choose to sell their home in the future. Bloom works with clients to establish sustainable monthly spending limits, promoting responsible home equity access over the long term. “The launch of our Bloom Home Equity Prepaid Mastercard underscores our commitment to providing innovative financial solutions for Canadian retirees,” said Ben McCabe, Founder & CEO of Bloom. “In today's economic climate, older homeowners are facing unprecedented challenges. Our mission is to provide them with a responsible and sustainable means of accessing the wealth they've accumulated, to live more comfortably in their latter decades of life.” “Our clients have been clear that the ability to unlock their home equity when, where and in the quantities they need, is important to them,” explains Hasan Nizami, Head of Product at Bloom. “We're proud to have developed a product that enables just that, assisting a demographic that historically lacked financial services innovation in Canada and globally.” Bloom is pleased to have partnered with embedded payments firm Berkeley Payment Solutions Inc. on this innovative fintech-backed solution for Canadian homeowners. CEO of Berkeley, Lawrence Tepperman added, “Bloom is doing something really special in Canada and we are honoured to be a part of it.” The launch of the Bloom Home Equity Prepaid Mastercard marks a significant milestone in Bloom's mission to revolutionize the market for financial solutions for older Canadians. Available initially in Ontario, Alberta, and British Columbia, the Bloom Home Equity Prepaid Mastercard will redefine how retirees manage their finances in the face of economic uncertainty. For more information on the Bloom Home Equity Prepaid Mastercard and Bloom, visit www.bloomcard.ca. About Bloom Finance Ltd. Bloom is a leading Canadian fintech company dedicated to assisting homeowners aged 55 and above in accessing the wealth accumulated in their homes to enjoy more comfortable retirements. Through the integration of cutting-edge technology and innovative product delivery, the company is reshaping home equity access to be adaptable, enduring, and user-friendly. Bloom's overarching mission is to alleviate financial stress among retired homeowners, enabling them to relish the golden years of their lives. Licensed in ON:13338, BC:MBX600455 and AB. Discover more at www.bloomfin.ca. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #news #money #finances #retirement #equity #homeownership  

In this interview, Young Lee, Canada Market Lead for GoDaddy, discusses a new report indicating many small businesses, the micro ones, in Canada are flourishing despite economic headwinds. PRESS RELEASE TORONTO, Feb. 22, 2024 /CNW/ — GoDaddy's annual international research initiative, Venture Forward, has released its inaugural report revealing the state of Canada's small business landscape. Drawing from data collected from over 770,000 Canadian small businesses, the landmark report offers detailed insights into the opportunities and challenges facing this vital sector of the economy. The findings, published today, indicate a thriving small business (0-9 employees) ecosystem in Canada, as the proliferation of online tools and services means the required startup capital and educational background required to start a business has never been easier to achieve. GoDaddy's data shows that 58% of online small businesses having been launched with less than $5,000 CAD in initial capital, while only 38% of business owners report completing a college degree showing education level of entrepreneurs doesn't impact their success or satisfaction levels. Unlocking the economic potential of small businesses The study also highlights the significant returns on investment for small businesses. More than half of small businesses generate over $2,500 in monthly revenue. Furthermore, one in four Canadian entrepreneurs now manage more than one business, underscoring the significance of small businesses to the national economy. Navigating economic headwinds But the broader economic landscape is not without challenges – only 27% of small business owners expressed confidence in the national economy over the next six months. Rising costs in energy (36%), business administration (35%), raw materials (34%), and transport costs (31%) have all been reported to impact their respective bottom lines over the past year. These challenges have contributed to increased stress levels among small business owners. A startling 44% report experiencing high to maximum levels of stress, anxiety, or burnout, with financial concerns (50%) being the most significant factor, followed by work-life balance (40%) and customer issues (21%) also contributing their levels of stress. Optimism and growth: The future of Canadian small businesses In spite of this, Canadian small business owners remain optimistic about the future. An overwhelming 70% express optimism about their business prospects, with almost all (94%), having confidence in their ability to run their businesses. Moreover, more than a third (35%) plan to hire additional employees in the next 12 months, indicating their commitment to growth and expansion. This underscores the importance of nurturing Canada's small business community, as the prosperity of these businesses contributes to the overall prosperity of their communities. Young Lee, Canada Market Lead commented: “GoDaddy's Venture Forward data is unique in its ability to capture and analyze small businesses and demonstrates their enormous economic contribution to Canadian life. Despite continued economic headwinds, our data shows that small businesses in Canada are resilient and flourishing. Whilst there is much to be optimistic about, business owners continue to face challenges, most notably in the form of rising costs. “GoDaddy is determined to support and empower Canadian entrepreneurs by offering affordable and easy to use tools to help small businesses get online and grow.” About Venture Forward Venture Forward is a multi-year research initiative, which analyses data from over 770,000 Canadian small businesses – conducted by GoDaddy to quantify the impact of small businesses on the Canadian economy and their local communities. The analysis is complemented by a survey of 4,883 Canadian small business owners conducted in November 2023. About GoDaddy GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy's easy-to-use tools help small business owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com. PRESS RELEASE TORONTO, Feb. 26, 2024 /CNW/ — Millions of Canadian entrepreneurs are potentially missing out on saving time and money by not harnessing AI for their businesses, according to a new survey by GoDaddy. The research, conducted among more than 500 Canadian small business owners, found that just one in five has used generative AI for business-related tasks, despite most expecting AI to help reduce costs and hours worked. The average Canadian small business owner estimates that generative AI tools could save them $2,600 and around 260 hours per year, while one in four believe the technology can reduce their workload by 500 hours or more annually. GoDaddy's data shows that a lack of confidence in applying generative AI to business tasks is the main barrier to more widespread use among entrepreneurs. Almost 3 out of 5 (62%) believe that generative AI could help them run and grow their business Half (50%) admit they don't know how to start using generative AI, citing a lack of easy-to-use solutions for small business owners Three in five (61%) survey respondents have used AI for personal tasks, demonstrating enthusiasm for the technology The Right Solution for Any Canadian Small Businesses To help new and existing small businesses easily take advantage of generative AI, GoDaddy just launched GoDaddy Airo™ in Canada and the U.S. an AI-powered solution designed to help them save time and attract new customers. If someone has an inkling of an idea, GoDaddy Airo™ can recommend catchy domain name options with just a description of their business. Seconds after registering a domain, GoDaddy Airo™ instantly starts generating content for the business, including: Unique, eye-catching logo designs that can be easily customized to fit the business. A fully built website with imagery and content designed to help the business engage and attract customers. A professional email account that strengthens the credibility and prestige of the business. By simply uploading a product photo, an auto-generated custom product description is created for an online store. If a new or existing business wants to grow, it can quickly get plans and recommendations through GoDaddy Airo™ features in seconds, including: Comprehensive email marketing campaigns with suggested content and imagery. Social media calendar with recommendations of when to ideally post. Compelling social media and search engine ads to bring traffic to the business's website. “Canadian small business owners understand the potentially transformative power of generative AI, yet half of them lack the confidence or knowledge to apply it to their ventures,” said Young Lee, head of GoDaddy Canada. “That's about to change.” Ways to Learn More See everything GoDaddy is doing when it comes to generative AI by visiting: https://www.godaddy.com/en-ca/offers/airo Small businesses interested in more information can learn from and interact live with Laka Sriram, GoDaddy VP of AI and the leader of design and development of GoDaddy Airo™, during an upcoming Livestream Q&A. About the Survey An online survey was conducted between January 15 and 22, 2024, using an online business panel. Small Business (100 employees and under) owners, Side Hustle entrepreneurs, and Solopreneurs (one individual) were among the 504 total respondents in Canada who participated in the survey. About GoDaddy GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online and in-person. GoDaddy's easy-to-use tools help microbusiness owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.GoDaddy.com. Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #news #smallbusiness #GoDaddy #entrepreneurs #entrepreneurship #technology #innovation #artificialintelligence #youtube #podcast

April and Laura are chatting 1:1 this week about two familiar dilemmas for mid-to-senior level PR practitioners: managing junior staff and navigating shrinking marketing budgets.  This week's Anonymous PR Horror story features an honest write-in from a listener who is struggling to connect with the intern they're managing — and has run out of ways to share feedback. In PR News of the Week, our hosts discuss the rise of “challenger” PR firms and the role of independent practitioners and mid-sized agencies as the PR landscape continues to shift. Together, they discuss how economic concerns and shrinking marketing budgets are impacting big brands and the agencies that serve them, and how newer, more disruptive firms can provide an alternative. Read the PR News of the Week here: https://www.axios.com/2024/01/18/the-rise-of-challenger-firms?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioscommunicators&stream=business  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

April and Laura discuss an Anonymous PR Horror Story from a listener who is feeling the pressure of agency ownership. They also offer advice to help the writer reconcile his/her relationship with a manager after a tense moment on an internal call and move forward with a more positive approach to management.  In PR News of the Week, April and Laura analyze a recent report from Northwestern's Medill School of Journalism, Media, Integrated Marketing Communications, which found that a shocking one-third of U.S. newspapers (as of 2005) will be gone this year. Together, they chat about the state of local news, the rise of news deserts in the U.S., and the role of social media in and subscription content in the decline of local newspapers. Read the PR News of the Week here:  https://www.axios.com/2023/11/16/newspapers-decline-hedge-funds-research?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

Today, April and Laura are ringing in the new year with a one-on-one conversation about the ethical issues facing PR practitioners as we enter 2024.  The conversation covers some familiar challenges that everyone in the PR industry faces  – from new graduates entering the industry to seasoned practitioners with decades of experience. Topics include: navigating the high-pressure realities of the PR industry avoiding common mistakes and insights as a young PR pro what to do when you're struggling to secure coverage for a client evaluating ethical gray areas in PR  how to avoid (or repair) PR relationships after you've made a misstep If you enjoyed this expanded discussion about PR ethics, or if you missed the Anonymous PR Horror Story April referenced in this episode, make sure you go back and listen to our 2023 HOLIDAY SPECIAL. Find it on the platform where you're listening now, or on our website here: https://trustrelations.agency/podcasts/holiday-special-your-2024-guide-to-agency-ownership-and-pr-ethics-feat-doug-spong/  Read the PR News of the Week: https://www.prdaily.com/exploring-prs-ethical-gray-areas/  Connect with Trust Relations: Have an anonymous PR horror story to share or questions you want to be answered on the show? Email us at contact@prwinedown.com. You can stream the show live at 2:00 pm ET every Saturday, on ElectroMagnetic Radio. You can also connect with Trust Relations on our website or on LinkedIn, Twitter, Facebook, and Instagram. Sound effects obtained from https://www.zapsplat.com. Send in a voice message here: https://podcasters.spotify.com/pod/show/prwinedown  --- Send in a voice message: https://podcasters.spotify.com/pod/show/prwinedown/message

All Home Care Matters is honored to welcome Alexandra Drane the CEO of ARCHANGELS as guest to the show.   Alexandra is co-founder and CEO of ARCHANGELS. She co-founded Eliza Corporation (acquired by HMS Holdings Corp: HMSY), Engage with Grace, and three other companies (all boot-strapped). A serial entrepreneur, she is also a cashier-on-leave for Walmart. She believes communities are the front line of health, that caregivers are our country's greatest asset, and that we need to expand the definition of health to include life.    Alexandra sits on the RAND Social and Economic Policy Advisory Board, the Leadership Council for the Rosalynn Carter Institute, the Entrepreneurs Council for The United States of Care, and Harvard Medical School's Executive Council of the Division of Sleep Medicine. She is a member of the Board of Directors of C-TAC and has served as a vice chair of the Trustee Advisory Board at Beth Israel Deaconess Medical Center from 2012-2020 and returned to the role in 2021. She also serves on the Board of Advisors for Open Notes. She served for 7 years as a Governor appointed member of the Executive Committee for the Board of Directors for MassTech, until March 2022.   Alex was named to the first ever Care100 list in 2020, a Top Women in Healthcare's Entrepreneur of the Year by PR News, one of Disruptive Women in Health Care's Women to Watch, one of Boston Globe's Top 100 Women Leaders, and listed in Boston Business Journal's “40 Under 40”, as well as an inventor on multiple patents. She joined Prudential Financial as a Wellness Expert for a film series called “The State of US” that was turned into a national ad campaign and generated close to two billion impressions. She has one hobby outside of her passion for revolutionizing health care, and her love of family and adventure…car racing.   Connect with ARCHANGELS: Official Website: https://www.archangels.me/

In this episode, you're going to learn what it takes to get your public relations going without the support of an agency or team. You really can do it yourself!DIY PR founder, Nikkia McClain, is back for part two on elevating your profile with do it yourself hacks that you can implement today!Listen and learn: What's inside of the groundbreaking DIY PR program.How media can create advantages can amplify your brand messaging while you sleep.What you're leaving behind when you don't utilize public relations at the onset of your brand and careerAbout Nikkia McClain:Nikkia McClain, in her former career, worked as a very successful real estate agent in which she managed million-dollar properties. After several years of helping clients realize their real estate dreams, Nikkia wanted to explore other opportunities aligned with her personal goals to pursue a marketing and public relations career — a very bold decision given Nikkia had no background in the two fields. She established her marketing and public relations firm, TENÉ NÍCOLE, and she immediately put her knowledge and creative skills to work, carving out her path to success. Nikkia has raised conversation and opportunities for clients and garnered key relationships to enhance their publicity via television, magazine, and radio. Her efforts continue to maximize the exposure clients receive nationally and internationally. Since pursuing her dream of building her well-known, recognized brand, she has experienced tremendous success. Black Enterprise Magazine touted her as a PR maven, and in 2020 PR News honored her as “Top Women In PR.” Her firm has represented a roster of past and current clients, including Fortune 500 and Inc 5000 companies and notable multi-million dollar brands. Nikkia is a powerhouse in her own right and executes public relations initiatives at the highest capacity. She's strategic, creative, savvy, generous, and extremely resourceful. She has successfully leveraged her expertise and network to produce top-notch campaigns and practical projects for her clients. Additionally, her clients have been featured on The Wendy Williams Show, The Real, NBC, ABC, FOX, TMZ, BOLD TV, Sister Circle TV, The Steve Harvey Show; The Breakfast Club, Hot 97; and numerous print/digital outlets including ESSENCE, OK!, Life and Style, Wall Street Journal, New York Times and Forbes, to name a few. Nikkis also founded Support Your Girlfriends, an initiative that builds a community to support professional women tired of not having a seat at the table. The organization's mantra is: create your table and set a precedent for how the support of women should be! There are three concepts under the #SupportYourGirlfriends initiative: SupportHER, Pow(H)er, and CelebrateHER.—————————Watch The Great Girlfriends Show - HERE Shoot an email over or drop a DM directly to Sybil ON IG @sybil_amutiFollow now