market strategy Archives - REM https://realestatemagazine.ca/tag/market-strategy/ Canada’s premier magazine for real estate professionals. Mon, 03 Nov 2025 17:12:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://realestatemagazine.ca/wp-content/uploads/2022/09/cropped-REM-Fav-32x32.png market strategy Archives - REM https://realestatemagazine.ca/tag/market-strategy/ 32 32 The Price Change Playbook: How top agents stay in control when listings stall https://realestatemagazine.ca/the-price-change-playbook-how-top-agents-stay-in-control-when-listings-stall/ https://realestatemagazine.ca/the-price-change-playbook-how-top-agents-stay-in-control-when-listings-stall/#respond Wed, 05 Nov 2025 10:00:44 +0000 https://realestatemagazine.ca/?p=40925 Unlock the secrets of top agents who navigate price changes with confidence and strategy. Learn how to keep control when listings stall and maintain client trust.

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When listings stall, most agents blame the market. The best ones take control.

In this episode of The Leads Are Sh*t, Andrew Fogliato and Taylor Hack break down what they call The Price Change Playbook, a system that helps agents decide when to adjust pricing, how much to move and how to communicate it without losing trust.

Here are the key takeaways from the conversation.

 

Start with data, not instinct

 

The best agents don’t guess. They gather evidence. Track showings, online impressions and market activity. Compare performance to competing listings in the same price range. When you can point to clear data, sellers see logic instead of pressure. The goal is to make the conversation about market movement, not personal opinion.

 

Make decisions using the Goldilocks Method

 

Too high, too low or just right. Keeping it that simple helps clients understand trade-offs fast. Present three clear options and explain which one aligns best with their goals. Clients make better choices when they can compare options instead of reacting to a single recommendation.

 

Time your move strategically

 

Timing affects how the market responds. A price change that goes live on Thursday or Friday catches buyers preparing for weekend showings. That’s when listings see the biggest jump in views and alerts. Smart agents plan these updates like campaigns, not random adjustments.

 

Small changes rarely matter

 

A minor reduction rarely triggers new attention. Most systems need at least a one per cent change to count as a real adjustment. Beyond that, the reduction should move the listing into a new buyer bracket. A $550,000 home dropping to $545,000 doesn’t change the audience. Moving to $535,000 might.

 

Build trust before the tough talk

 

The easiest price change conversations happen when clients already trust the plan. Set expectations during the listing presentation. Explain that pricing is a tool that can evolve with market conditions. Consistent updates keep clients informed and prevent surprises later.

 

The takeaway

 

Price changes are not failures. They are course corrections. The professionals who handle them best use data, clear communication, and timing to lead their clients through uncertainty.

The full conversation covers how to combine data, empathy and strategy to handle price adjustments with confidence and consistency. Watch or listen to the full episode:

 

Don’t miss the next episode of The Leads are Sh*t!

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From chaos to control: How to reset, refocus, and win your fall market https://realestatemagazine.ca/columnists-primary-advice-for-agents/ https://realestatemagazine.ca/columnists-primary-advice-for-agents/#comments Wed, 13 Aug 2025 08:03:57 +0000 https://realestatemagazine.ca/?p=39506 Stuck in a late-summer rut? Five simple strategies to help real estate professionals build momentum and make the most of the fall market.

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Let’s call it what it is – this year hasn’t gone as planned for a lot of people. Some of you started 2025 with big goals and high hopes, but here we are heading into August, and many of those goals are sitting on a shelf collecting dust.

And it’s not just you. We are in one of the toughest economies we have seen in 20 years. Buyers are cautious, sellers are stuck in the past, and motivation across the board is fading. The market’s been frustrating. But none of that changes the fact that the fall market is coming – and what you do right now will dictate how you finish the year.

If you’re feeling behind, stuck, or just tired, this is your reset point. Not next week. Not September. Right now!

Here’s how to take back control, reset your focus, and walk into your fall market ready to win.

 

Get real about where you’re at

 

The biggest mistake most people make when they’re behind on their goals is pretending they’re not. They try to catch up without looking at what actually went wrong. That’s not a strategy. That’s avoidance.

So let’s be blunt: if your numbers aren’t where you thought they’d be by now, stop ignoring it. Own it. Audit it.

Ask yourself:

  • How many conversations have you had?
  • How many appointments have you booked?
  • How many listings or offers have you actually written?
  • And how much of your day is going toward the things that create those results?

You don’t need to feel bad about where you’re at – but you do need to be honest. Because nothing changes without clarity first.

Action step: Open your calendar and your CRM. Review the last 30 days. What were you actually doing? What made an impact for you? What didn’t?

 

Stop waiting for motivation – build structure instead

 

If you’re relying on motivation to push you forward, you’ve already lost. Motivation is unreliable. It’s emotion-based. Some days you’ll have it, most days you won’t.

What you need is structure.

You need a daily schedule that isn’t built on how you feel – but on what needs to get done. If your schedule is reactive, you’re going to burn out. If it’s intentional, you’re going to win.

Start with your priorities: business development, client follow-up, marketing. Block time for those first. Then fit everything else around them.

And no, this doesn’t need to be complicated. You don’t need a 12-step morning routine. You need a system you’ll actually stick to.

Action step: Build your schedule the night before. Know who you’re calling, what you’re posting, and when your lead gen is happening before your day even starts.

 

Audit your marketing – then simplify it

 

One of the fastest ways to feel overwhelmed is to try doing too much with your marketing – and most people are doing way too much with zero consistency.

You don’t need to be everywhere. You need to be effective.

So here’s the move: audit what’s working. Cut what’s not. Double down on the things that have actually created leads or opportunities for you.

That might be your email list. It might be social. It might be door-knocking, events, farming, whatever. But pick your lane and get consistent.

Action step: Ask yourself: where did your last five deals come from? If you can’t answer that, you’re not tracking the right metrics. Fix that now.

 

Get in front of your clients before the market does

 

Fall is a critical window. It’s the last stretch of the year where people want to make moves before the holidays hit. But they’re not going to do it unless someone gives them a reason to.

That means you need to be the one setting expectations – early.

Your buyers need to know exactly what they can afford. No more guessing. No more “seeing what’s out there.” If they’re serious, they need to be pre-approved and clear on their budget.

Your sellers need to know what their home is actually worth – not what they wish it was worth. That means tough conversations, backed by data. And that means you need to stop being afraid of telling the truth just because you want the listing.

Action step: Schedule five client update calls per week for the next month. That could be active clients, past clients, warm leads – anyone. The goal is to re-engage, reset expectations, and put yourself back in a leadership role.

 

Focus on inputs, not just outcomes

 

This is the time of year where agents get stuck staring at their numbers. They say, “I’m behind,” and then start scrambling to make up for lost ground. But they skip the one step that would actually help: looking at what they’re doing every day.

You can’t control how many deals close this week. But you can control how many people you talk to. You can control how many emails you send, how many videos you record, how many conversations you start.

Those are the things that drive results. Not simply the goals written on your whiteboard.

Action step: Track your activities every single day for the next 30 days. Calls made. Conversations had. Content posted. Listings booked. Don’t just track the big wins – track the actions that lead to them.

 

Final words

 

You don’t need to overhaul your life to finish this year strong. You just need to stop spinning, stop waiting, and start doing the things that actually move your business forward.

So here’s your checklist to hit the ground running this fall:

  • Get real about where you’re at. Audit everything.
  • Build a schedule you can actually follow – and stick to it.
  • Simplify your marketing. Stop trying to do it all. Just do what works.
  • Reconnect with your clients. Set expectations now.
  • Focus on your actions. The results will follow.

There’s still time to hit your goals. There’s still time to grow your pipeline. But only if you take control right now.

This market isn’t going to wait for you. So stop waiting for the perfect plan. Show up consistently. Stick to the system. And finish the year the way you were meant to – with momentum.

Remember, MindShare = market share!

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Realtor.ca appoints tech-savvy board to drive next chapter https://realestatemagazine.ca/realtor-ca-appoints-tech-savvy-board-members-to-drive-next-chapter/ https://realestatemagazine.ca/realtor-ca-appoints-tech-savvy-board-members-to-drive-next-chapter/#respond Wed, 14 May 2025 09:06:28 +0000 https://realestatemagazine.ca/?p=38262 Peter Lukomskyj, Sheila Morin and Sarah Miller Wright are bringing their diverse skills to the board of Realtor.ca

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CREA announces board of directors for Realtor.ca. From top left: Janice Myers, CEO, CREA; David Oikle, board chair, Realtor.ca; James Mabey, immediate past chair, CREA; Sheila Morin, CMO, Coveo; Sarah Miller Wright, former COO, Manulife; Peter Lukomskyj, CEO of Radiant Health


Realtor.ca is bolstering its board with expertise in technology, marketing, customer experience, and more as the platform finds its legs as a standalone, wholly-owned subsidiary of the Canadian Real Estate Association.

On Tuesday, Realtor.ca announced the appointment of business leaders Peter Lukomskyj, Sheila Morin and Sarah Miller Wright, bringing the board to six members.

Board chair David Oikle said the new members were chosen for their proven track records of driving revenue growth. Since transitioning from a not-for-profit to a taxable subsidiary of CREA this year, Realtor.ca has prioritized making a viable business model for the platform.

“We thought it was incredibly important to get a diversity of experience around the board table,”  said Oikle.

CREA moved to spin out Realtor.ca into its own entity to maintain its dominating market share as competition heats up and consumer expectations rise. This enables the platform to pursue new revenue streams, some of which have already begun, said Oikle.

 

Who are the members? 

 

Lukomskyj is a technology leader currently serving as the CEO of Radiant Health. Previously, he held senior leadership roles at ride-sharing company Lyft, where he launched new markets and oversaw expansion into Canada and across the globe. He is a Professional Engineer and CPA.

Morin is the chief marketing officer at Coveo, an enterprise software firm based in Quebec. She is recognized for her contributions to growing major brands and her talent for creating modern, sustainable strategies. 

Miller Wright has scaled organizations at every stage. Miller Wright led customer experience strategy, operations, and digitization on a global scale in her previous role as COO at Manulife. She also served as a senior executive at Shaw Communications. 

The board also includes CREA CEO Janice Myers and immediate past chair James Mabey.

 

The board’s top priorities

 

Oikle said the board will have its first meeting in two weeks. 

Among the first action items is initiating the process of recruiting and hiring a permanent CEO.

Patrick Pichette currently serves as interim CEO.

“I expect (Pichette) will express interest in the position. He’s doing a terrific job,” said Oikle.

Board members are compensated for the position, said Oikle, adding that their pay is confidential. 

He said they are recruiting three more directors and he hopes to have a nine-person board by the end of the year. 

 

Oikle pledges to keep commitments 

 

A huge element of CREA’s case for Realtor.ca’s independence was the ability to capitalize on revenue opportunities. 

Some initiatives are already being piloted, said Oikle, such as banner ads and referral buttons to mortgage professionals. 

Oikle said the board intends to honour its pledge to maintain Realtor.ca’s status as a market leader and ensure it remains a trusted resource for Realtors and consumers. 

“We’re not out to do something that is not going to be a positive representation of the brand,” he said.

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How to have conversations that actually get deals done  https://realestatemagazine.ca/how-to-have-conversations-that-actually-get-deals-done/ https://realestatemagazine.ca/how-to-have-conversations-that-actually-get-deals-done/#comments Tue, 13 May 2025 09:04:14 +0000 https://realestatemagazine.ca/?p=38246 “Let’s be real—this market isn’t hard because there are no deals. It’s hard because too many people are operating with false expectations."

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Let’s be real—this market isn’t hard because there are no deals. It’s hard because too many people are operating with false expectations, and not enough real conversations are happening to fix it.

Buyers are chasing homes they can’t afford. Sellers are living in the past—stuck on 2021 prices. And agents are burning time, energy and emotional bandwidth showing properties that were never realistic from the start. It’s a recipe for frustration – not for closings.

If you want to move deals forward in this market, you need to lead. And leading means having the tough conversations—early, clearly and without sugarcoating it. These conversations aren’t optional. They’re the difference between spinning your wheels and actually doing business.

Let’s break down the three conversations every Realtor needs to be having right now.

 

1. The buying power conversation

 

Before you show another home, your buyer needs to know exactly what they can afford. Not what they think they can afford, and definitely not what they hope they can afford. With mortgage rates changing, renewals looming, and affordability stretched thinner than ever, most buyers don’t actually know where they stand.

Here’s a real example:

One of my coaching clients had a buyer with a budget of $1.2 to $1.3 million. Solid budget. Then they walked into a listing at $1.69 million—and the buyer loved it. Called it a 12/10. Checked every single box and then some.

The problem is, they couldn’t afford it. And now what? Keep looking at houses that are way out of range? Try to manifest an extra $400,000? Waste more time?

No. I told my client to stop everything. Send that buyer back to their mortgage broker or bank. Get the actual number. Get the truth. And then move forward—strategically.

If the number comes back lower, great. We stop chasing. If it comes back higher, maybe we’ve got room to negotiate. Maybe we can write an offer. Maybe we actually get a deal done.

But none of that happens without clarity first.

Action step: Don’t show another property until your buyer has updated numbers from a lender. Make it your standard. Buyers need facts, not fantasy. Clarity saves everyone a ton of frustration.

 

2. The seller expectation reset

 

Sellers still believe their house is worth what it was in early 2022. They think it should sell fast. They think they can name their price.

But that’s not how this works—not anymore.

Markets shift. Values move. And your job isn’t to tell people what they want to hear. Your job is to tell them the truth, backed by data, market insight and your experience.

This is where most agents lose the listing, or worse, waste six months trying to sell a property that was never priced to move. If you want to protect your time and your reputation, this conversation has to happen at the very beginning.

Action step: During the listing presentation, talk about expectations. What do they expect from you? What do you expect from them? And what can they realistically expect from today’s market?

Even better—include a “seller expectation sheet” in your process. Something simple. Something they sign. This gives you documentation that the conversation happened and puts everyone on the same page from day one. Selling is not emotional. It’s strategic. And setting that tone early makes all the difference.

 

3. The motivation check before lowering the price

 

When a listing isn’t moving, the gut reaction is often, “Let’s just lower the price.”

But price isn’t always the issue. Motivation is.

Before you make a move, ask the hard questions. Why are they selling? What’s their timeline? What’s the number that actually matters to them?

Then, look at the data:

  • How many showings have there been?
  • What’s the feedback been like?
  • What else is available at that price point?
  • How does this listing actually compare?
  • Is the seller really ready – or just testing the market?

Sometimes, the seller isn’t ready to sell. They just want to see if they can get “their number.” Sometimes, it’s an emotional decision, not a financial one. But if they don’t need to sell, why are you hustling so hard to force a deal?

Action step: Don’t drop the price just to chase a sale. Talk to your seller. Reassess their motive. Make the right move based on facts—not fear.

This is about protecting your client’s best interest, not just protecting your next paycheque.

 

Here’s why all of this matters

 

This article isn’t about one buyer or one overpriced listing. This is about the state of the market right now.

Buyers are unclear about what they can afford. Sellers are unclear about what their homes are worth. And too many agents are afraid to have the tough conversations that would clear all of that up.

Here’s the part that too many people forget: avoiding these conversations doesn’t protect your clients; it hurts them. It hurts your business, too.

When you skip the buying power talk, you waste time showing the wrong properties. When you avoid the seller reset, you waste months on listings that won’t sell. When you slash the price without a strategy, you hurt your client’s equity and your credibility.

These aren’t small things. They’re the reason deals stall. They’re the reason agents burn out. And they’re completely avoidable if you’re willing to lead.

 

Lead or lose

 

The agents who are getting deals done right now aren’t promising miracles. They’re not tiptoeing around the truth.

They’re leading.

They’re guiding buyers with hard numbers, not hopeful guesses. They’re educating sellers with real data, not inflated dreams. And they’re asking the tough questions before making big decisions.

This market demands clarity. It demands leadership. And if you want to win, you need to step up and own that role.

 

Final steps to put this into practice

 

  1. Before your next buyer showing, confirm their financing.
  2. At your next listing appointment, reset expectations—and put it in writing.
  3. When the thought of lowering the price comes up, reassess their motivation first.
  4. Track how many of these conversations you’re actually having. If the number is low, you already know why the results aren’t there.

The agents who lean into these conversations right now will win this market. The rest? They’ll keep spinning their wheels, chasing listings, and wondering why nothing’s closing.

Lead the conversations. Lead your clients. And you’ll lead the market.

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