Layoffs Hit The Canadian Real Estate Industry

The Canadian economy is not as strong as it was. With recent lay-offs in the tech space, it was only a matter of time before job losses started to hit the Canadian Real Estate industry.

The first round of lay-offs appears to be within the head office of new real estate industry disrupter "Properly". A real estate company with a unique value proposition of guaranteeing the sale of your home before purchasing your new one.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty touches on the recent article linked below and his beliefs on why so many new age real estate companies will fail and why the "big brands" will remain dominant.

Article: https://betakit.com/properly-secures-36-million-cad-pulls-back-on-geographic-expansion-plans-as-canadian-housing-market-cools/
Properly: https://www.properly.ca/

#properly #realestatecanada #techlayoffs

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.