Business News Network (BNN) speaks with Jonathan Cooper, Vice President of Operations at Macdonald Real Estate Group about David Rosenberg of Gluskin Sheff + Associates comments on policymakers and housing supply constraints and how they would relate to the Vancouver real estate market. What change are needed to address the Vancouver housing supply problem?
Business News Network (BNN) speaks with Jonathan Cooper of Macdonald Real Estate Group on the BC government’s new regulations aimed at what is called “shadow flipping”. While the aim is to further protect sellers in residential real estate transactions, just how much of an effect will this move have on the hot housing market?
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We are pleased to announce that for the second year in a row Global Alliance Award for “Most Outgoing International Referral Closings” by Leading Real Estate Companies of the World. Being up against 500+ Leading Real Estate members with over 120,000 sales associate in 40+ countries around the world this is a significant achievement for our Referral Department.
Congratulations to Macdonald Real Estate Group Referral Department for a job well done!
For more information on the Referral program or to place an outgoing referral please contact our award winning team at 1-877-278-3888.
In lieu of cards or gifts, Macdonald Real Estate Group will be financially supporting cancer research and patient care through the BC Cancer Foundation and InspireHealth.
InspireHealth is a BC not-for-profit which provides integrative care for individuals with cancer. Their team of doctors, nutritionists, counselors, and exercise therapists focus on the spiritual, emotional, and physical health of patients as they go through traditional cancer treatments like Chemotherapy.
InspireHealth’s cancer care model serves to complement standard cancer treatments. It helps prepare the individual for the anxiety and emotional complexity that can be major factors when facing a life-threatening illness. While the cancer itself is treated, InspireHealth ensures that other aspects of the patient’s health – like diet and exercise – are supported.
If you would like more information about InspireHealth you can visit their website or Shelley Ross at [email protected].
Sincerely,
Jonathan Cooper
Vice President, Operations
Macdonald Real Estate Group
After 70 years in business in British Columbia, and much consideration and analysis, Macdonald Real Estate Group has decided to explore opening an office in China. To that end, my colleague, Dan Scarrow, our vice president of corporate strategy, left for Shanghai early in February.
In order to understand our rationale, it is first important to appreciate how Chinese investors have shaped the real estate market in Vancouver, B.C., where our company is headquartered.
Over the past three decades, Macdonald Real Estate Group has assisted thousands of Asian families and investors in real estate transactions in the Vancouver area and across western Canada. In the 1980s and ’90s, there were overlapping waves of Hong Kong and Taiwanese investment, and more recently we have seen the mainland China wave.
Our experience has given us the chance to develop a sizable network of Asian clients, both commercial and residential.
While the official percentage of foreign buyers in the Vancouver area is around 3 percent, Chinese clients make up a much higher proportion of certain segments of the market. The exact percentage is hard to pin down, but our research would indicate that Chinese families account for at least 50 percent of Vancouver home sales over $3 million, and our commercial division has put together dozens of major transactions with Chinese investors on a range of commercial real estate asset classes.
Asian clients are not arbitrarily choosing Vancouver as a destination for real estate investment. Our Chinese clients generally have close family and business ties to the areas in which they invest.
For example, aside from business considerations, the primary factor in shaping immigration-related real estate decisions for Chinese families will be proximity and availability of educational opportunities for the next generation.
Aside from business considerations, the primary factor in shaping immigration-related real estate decisions for Chinese families is educational opportunities for the next generation.””
That said, these clients often maintain a foothold in their country of origin, where they often have ongoing commercial interests.
If we open an office in Shanghai, we will be better able to serve our clients who are based in China, or who those spend significant time there. They will have somewhere to go to review documents, and get insight on real estate issues.
In addition, having a presence in China will give us another channel for promoting real estate opportunities.
I will be providing periodic updates to Inman as we go through our due diligence in Shanghai. Hopefully you can find something in our experience that is useful to you in your business, or at the very least you can enjoy watching the process unfold.
Jonathan Cooper is vice president of operations at Macdonald Real Estate Group (MREG). Based in Vancouver, British Columbia, MREG has 20 offices and 1,000 staff and Realtors, and offers a full range of real estate services across the province, including residential and commercial brokerage, property and strata management, and project marketing.
This article was originally posted on Inman News, Feb 21, 2014.
View the original post at Inman News
For more information contact Macdonald Realty at 1-877-278-3888
