Latest news with #Century21
CTV News
3 days ago
- Business
- CTV News
‘Don't have enough housing': Saskatoon housing prices soar above Prairie average
A recent study has placed Saskatoon as one of the most expensive places to buy a home in the Prairies. Century 21 recently released its price per square foot comparison of real estate across Canada, and Saskatoon is sitting at an average of $377 per square foot for a detached home. This price is more expensive than both Winnipeg and Edmonton in terms of buying a home. Gary Busch, the broker owner of Century 21 Fusion Saskatoon, says the cost of purchasing a home in Saskatoon has been steadily on the rise as many new Canadians make their way to the country. 'As Canadians, we're used to a lot of the immigration coming to the big centers, Toronto and Vancouver, but they've become so unaffordable to live in, both for rent and for purchase, that for most people coming from another country, they just can't afford it,' Busch said. These prices are evident in the study, which lists a detached house in Vancouver at $860 per square foot, and a condo in downtown Toronto at $622 per square foot. These steep prices have resulted in the Saskatchewan prairies seeing a significant boom in population. 'We have a lot more people moving into the province, and that's creating a demand. As you've seen over the last several years with our healthcare and school systems, we just weren't ready for that many people to come to Saskatchewan, so we're playing catch-up right now,' Busch said. According to Busch Saskatoon typically sees a higher price than Regina (which is currently listed at $298 per square foot) because of the city's business community and opportunities. 'We have jobs, we have high-paying jobs. And so we're getting a lot of people coming in here,' Busch said. Busch says prices have been steadily increasing since the COVID-19 pandemic, and folks shouldn't expect to see them drop anytime soon. 'We're generally going to see slightly more increases again for the next one or two years, for sure. We still don't have enough housing for the people that we currently have, and we're probably still going to gain some more people over the next little while,' Busch said. While prices are on the rise, Saskatoon still remains on the more affordable side compared to Canada's largest urban centres. Currently, the most expensive place to call home is downtown Vancouver, where a condo will run for $1,206 per square foot. Busch says these changing prices do not change his advice to those considering buying a home. 'Real estate is always your best investment. It's safe, and you need a place to live anyway, so it might as well be yours,' Busch said.
Economic Times
5 days ago
- Business
- Economic Times
‘You'll be a rich little girl'; Sydney woman sues parents over real estate empire promise, loses in court
ANI Paula-Marie Penya argued she was promised the family's real estate agency and their Eastlakes home for working unpaid for over 20 years. A long-running family dispute over a real estate business and home ownership in Sydney's eastern suburbs has been settled in court, with the daughter losing her legal claim. Paula-Marie Penya took her father, Paul Penya, to the NSW Supreme Court, arguing that she was promised by her father and mother, Therese, the family's real estate agency, and their Eastlakes home in return for working unpaid for over 20 years. She told the court she relied on repeated assurances she would end up a "rich little girl." Also Read: Why do we really get wrinkles? Scientists finally explain it's not just age or sun exposure, it's physicsHowever, in Penya v Penya [2025] NSWSC 805, Justice Kate Williams found no evidence of a 'clear and unequivocal' promise that either asset would be transferred to her during her parents' lifetimes. The court ruled the statements amounted to inheritance hopes, not a binding agreement. Paul Penya sold the business to Century 21 in 2018, and Paula-Marie received $5,000 from the sale. The legal dispute began when Paul later moved to sell the Eastlakes home he co-owns with Therese to fund his retirement. Paula-Marie, who lives in the house with her partner and children, opposed the sale. She said she couldn't afford to buy him out and argued she had been promised the property. But the court allowed the sale to go ahead under section 66G of the Conveyancing Act 1919 (NSW). Justice Williams dismissed Paula-Marie's claims of proprietary estoppel, common intention trust, and joint endeavour. The court noted that although she had worked for years at the family business, she had not shown a concrete agreement that gave her legal rights over the assets. Also Read: She was smart, popular, and different; so why was Tiffany Salmond let go? The judge also pointed out that Paula-Marie had declined or postponed taking over the business before it was sold, despite her father's and her partner were able to purchase multiple investment properties over the years, aided by the fact they lived rent-free at the Eastlakes home. The court saw this as significant and inconsistent with claims of financial reported by Paul Penya revoked his earlier will, which left his estate to Paula-Marie, and instead named his long-term partner, Irene, as beneficiary. In court, he said, 'I made them millionaires; they were useless.' Also Read: Widespread rainfall to drench Southeast Australia, heaviest in over two years to last until Thursday The court ruled that Paula-Marie and her family must vacate the Eastlakes home at least seven days before the property's sale. Trustees will be appointed to carry out the sale as permitted by law.
Time of India
5 days ago
- Business
- Time of India
‘You'll be a rich little girl'; Sydney woman sues parents over real estate empire promise, loses in court
A long-running family dispute over a real estate business and home ownership in Sydney's eastern suburbs has been settled in court, with the daughter losing her legal claim. Paula-Marie Penya took her father, Paul Penya , to the NSW Supreme Court , arguing that she was promised by her father and mother, Therese, the family's real estate agency, and their Eastlakes home in return for working unpaid for over 20 years. She told the court she relied on repeated assurances she would end up a "rich little girl." Also Read: Why do we really get wrinkles? Scientists finally explain it's not just age or sun exposure, it's physics However, in Penya v Penya [2025] NSWSC 805, Justice Kate Williams found no evidence of a 'clear and unequivocal' promise that either asset would be transferred to her during her parents' lifetimes. The court ruled the statements amounted to inheritance hopes, not a binding agreement. Live Events Paul Penya sold the business to Century 21 in 2018, and Paula-Marie received $5,000 from the sale. The legal dispute began when Paul later moved to sell the Eastlakes home he co-owns with Therese to fund his retirement. Paula-Marie, who lives in the house with her partner and children, opposed the sale. She said she couldn't afford to buy him out and argued she had been promised the property. But the court allowed the sale to go ahead under section 66G of the Conveyancing Act 1919 (NSW). Court: No legal grounds for ownership claim Justice Williams dismissed Paula-Marie's claims of proprietary estoppel, common intention trust, and joint endeavour. The court noted that although she had worked for years at the family business, she had not shown a concrete agreement that gave her legal rights over the assets. Also Read: She was smart, popular, and different; so why was Tiffany Salmond let go? The judge also pointed out that Paula-Marie had declined or postponed taking over the business before it was sold, despite her father's requests. Rent-free living Paula-Marie and her partner were able to purchase multiple investment properties over the years, aided by the fact they lived rent-free at the Eastlakes home. The court saw this as significant and inconsistent with claims of financial sacrifice. As reported by Paul Penya revoked his earlier will, which left his estate to Paula-Marie, and instead named his long-term partner, Irene, as beneficiary. In court, he said, 'I made them millionaires; they were useless.' Also Read: Widespread rainfall to drench Southeast Australia, heaviest in over two years to last until Thursday The court ruled that Paula-Marie and her family must vacate the Eastlakes home at least seven days before the property's sale. Trustees will be appointed to carry out the sale as permitted by law.
Yahoo
21-07-2025
- Business
- Yahoo
CENTURY 21 REAL ESTATE TO HOST FOURTH ANNUAL INTERNATIONAL WEEK OF GIVING CELEBRATING NETWORK-WIDE PHILANTHROPIC EFFORTS
Global Brand Kicks Off Celebration with Major League Soccer All-Star Game Spotlight Moment with Easterseals MADISON, N.J., July 21, 2025 /PRNewswire/ -- Century 21 Real Estate LLC, a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), today announced the launch of its fourth annual International Week of Giving, a global initiative that unites the CENTURY 21® System in a shared mission to give back to the communities they serve. Leveraging the brand's multiyear Major League Soccer (MLS) partnership, this year's campaign kicks off with a special charity spotlight moment during halftime of the 2025 MLS All-Star Game on Wednesday, July 23 in Austin, TX, highlighting the brand's enduring commitment to philanthropy and community impact. During the week of July 28 – August 1, the global real estate brand will showcase CENTURY 21 independent brokerages from around the globe and their fundraising events and service activities to support causes that matter most to affiliated agents and local communities — including housing access, food insecurity, disaster relief, education, health, and environmental sustainability. The CENTURY 21 International Week of Giving will be highlighted via #C21WithYou social media campaign across the brand's owned channels and those of its franchisees throughout the week. "Real estate is about more than just property — it's about people," said Mike Miedler, President and CEO of Century 21 Real Estate LLC. "The International Week of Giving is a powerful reflection of our network's dedication to making a difference. Whether it's through work with Easterseals, a national nonprofit organization, local food drives or charity events, the brokers and agents affiliated with the CENTURY 21 brand continue to show up for their communities in meaningful ways." A Legacy of Impact with Easterseals A cornerstone of the brand's philanthropic efforts is its 46-year relationship with Easterseals, one of the nation's leading disability and community services organizations. In 2024 alone, the CENTURY 21 System raised more than $2.6 million for Easterseals, bringing its lifetime total to $141 million. "Through our network of Affiliates, Easterseals provides disability and community services across the country, from early childhood education to job training for veterans," said Kendra Davenport, President and CEO, Easterseals. "Our 46-year relationship with the CENTURY 21 brand helps make this work possible, leveraging their global network of affiliated real estate brokers and agents to raise millions of dollars for community-based services supporting people with disabilities. This kind of long-term commitment makes a real difference – for Easterseals and the communities we serve." "This collaboration is more than a tradition — it's a testament to the values we share," said Greg Sexton, COO of Century 21 Real Estate and a member of the Easterseals National Board of Directors. "I am so proud of the dedicated efforts of the CENTURY 21 Network's members as they not only raise money but drive awareness for the important work of this remarkable organization. Over the last few years, I have had the privilege of working more closely with the Easterseals team to create synergies that elevate the organization's impact to more than 1.5 million people served by Easterseals each year. Together, we're helping to build a more inclusive world where people of all abilities can thrive." MLS All-Star Game: A New Stage for Giving This year, the CENTURY 21 brand will elevate its message of giving on a national stage by hosting a special charity moment during halftime at the 2025 MLS All-Star Game on Wednesday, July 23rd at Q2 Stadium. One special match attendee will have the chance to score a goal on the All-Star pitch and help the CENTURY 21 brand deliver a $50,000 donation to Easterseals. Greg Sexton will be accompanied on the field by Easterseals President and CEO Kendra Davenport and local Easterseals program beneficiaries whose lives have been impacted through Easterseals services. Those looking to support the CENTURY 21 brand's mission of giving can donate directly to Easterseals at About Century 21 Real Estate LLCBuilt on a legacy of trust and client-first service, the 130,000-plus independent CENTURY 21® sales professionals in approximately 11,000 offices across 79 countries and territories are committed to guiding clients along every step of their real estate journey. The CENTURY 21 brand equips its system members with the industry-leading tools, resources, and marketing assets that help take their business to new heights. Century 21 Real Estate has numerous websites to help answer specific consumer needs. They include and Century 21 Real Estate LLC is a subsidiary of Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in real estate franchising and provider of real estate brokerage, relocation, and settlement services. ©2025 Century 21 Real Estate LLC. All Rights Reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. About EastersealsEasterseals empowers people to live independent, full lives. The organization makes a lasting difference in the lives of 1.5 million people each year by providing essential services to children and adults with disabilities, older adults, veterans, and their families. Its national network of 70 Affiliates is trusted to provide programs customized to meet the needs of each community they serve from coast-to-coast—trust earned for more than 100 years. They positively shape perceptions and address the evolving needs of more than one in four Americans with disabilities through public education, policy, and advocacy. That's their impact. In thousands of communities across America. To learn more, visit or follow the organization's social media accounts. About Major League SoccerHeadquartered in New York City, Major League Soccer -- celebrating its 30th season in 2025 -- features 30 clubs throughout the United States and Canada. All MLS, Leagues Cup, and select MLS NEXT Pro and MLS NEXT matches can be watched through MLS Season Pass, available on the Apple TV app on Apple devices, smart TVs, streaming devices, set-top boxes, and game consoles, and the web at MLS Season Pass features the most expansive and accessible lineup of programming ever for MLS fans. For more information about MLS, visit For more information about the Apple TV app, visit Media Contacts: Erin SiegelCentury 21 Real Estate Cindy MetzgerEastersealscmetzger@ Peter O'BrienMajor League View original content to download multimedia: SOURCE Century 21 Real Estate LLC
Globe and Mail
02-07-2025
- Business
- Globe and Mail
More sellers than buyers in Ontario's prized holiday region
House hunters in Ontario's Prince Edward County have plenty of choice: Victorian-era farmhouses, waterfront estates and modern stacked townhouses are currently listed for sale. For entrepreneurs, an artisanal cheese factory, a distillery, a boutique hotel, a marina and a handful of wineries are among the live-work opportunities. As June wound down, more than 300 listings were active on the peninsula about two hours east of Toronto and surrounded by the waters of Lake Ontario. 'There are definitely more sellers than buyers,' says Tammy Noyes, real estate agent with Century 21 Lanthorn Real Estate in Picton, Ont. Ms. Noyes says more homeowners are getting ready to list as the area known for small towns, rolling farmland and Sandbanks Provincial Park prepares for a rush of summer visitors. Many out-of-towners are also drawn to the arts scene and farm-to-table dining. In May, Prince Edward County recorded 31 sales and 134 new listings, according to the Central Lakes Association of Realtors (CLAR). The average number of 'days on market' stood at 53. 'Even when you're well-priced, you're still sitting for almost two months,' says Ms. Noyes. About half of the buyers she deals with are from out of town, Ms. Noyes says, with many coming from Toronto, Ottawa, Hamilton and Quebec. In many cases, city dwellers are looking for a second home with a plan to make it their principal residence when they retire. Ms. Noyes also deals with first-time buyers who work in Belleville, Ont., and other nearby cities. She has noticed an uptick in offers in recent weeks. 'Some aren't going anywhere,' she says of the negotiations. 'Buyers are very patient. They wait a few weeks, then go back and try again.' The dynamic has changed dramatically from the early years of the COVID pandemic, when Prince Edward County saw an influx of urban dwellers seeking a small-town or rural lifestyle. Bidding contests were frenzied and the average price soared above $1-million. But sales and prices were in retreat by 2023 as interest rates climbed. More stringent rules around short-term rentals also cooled investor demand. At the end of May, the average price in PEC stood at $727,981, according to CLAR. Gail Forcht, broker with Chestnut Park Real Estate, says sellers today damage their prospects by insisting on prices achieved during the pandemic, when interest rates were at historic lows. 'We had insanity,' she says of the years between 2020 and 2022. 'We were too popular, and money was cheap.' Ms. Forcht says she prefers not to take on listings when sellers are hanging on to prices achieved at the peak. 'Those are tough because they become stale, they become stigmatized,' she says. In some cases, properties have been listed at the same price since the pandemic era. 'People say, 'Why would I pay that? It's been on the market for four years.'' One property that was listed with an asking price of $2.25-million in 2022 has gone through a series of price reductions and still hasn't sold. 'Now it's at $1.799-million with agent number three,' she says. Earlier this year, Ms. Forcht had interested buyers for a home that had been sitting for two years with an asking price of $1.895-million. The house was well-designed, with water views from every window, but it was very dated, she says. The clients submitted a conditional offer, but another buyer came to the table with a bid that had no conditions. The property sold for $1.2-million. 'You're kind of a sitting duck when you've been sitting for so long,' she says of the sellers. Ms. Forcht is currently working with a couple from British Columbia who would like to be closer to their grandchildren who live in the eastern part of the country. The clients are flexible about the location, but they do want a well-renovated home, she says, adding that buyers at that stage of life typically don't want to undertake a major project. Although PEC has plenty of listings, many renovations are now dated, she says, or recent facelifts have been cheaply done. Ms. Forcht points to one couple from Alberta who purchased a house on the water in June in the $2.395-million range. They chose that one over some others in the area because the finishes were more classic, she says. Younger buyers, meanwhile, also want a turnkey home, but they are looking for the most contemporary finishes. 'They walk in and it's perfect because it's white, grey and black.' She says her clients from the West Coast have little pressure because they are not committed to PEC – they are also considering Collingwood, Ont., and the Maritimes. Sellers, she advises, need to recognize that buyers are feeling little urgency. If a house is languishing, she recommends listening to the buyer feedback from showings. That could mean either updating the kitchens and bathrooms or cutting the price. 'You need to meet the market head-on,' she says. 'Just don't drag your heels on it.' Ms. Forcht adds that another factor slowing down some purchasers is that they need to sell an existing property first. 'I have a number of interested buyers. They have come to a halt because they have a condo to sell in Toronto.' Anita Springate-Renaud, broker with Engel & Volkers, has listed a family member's three-bedroom home with a new dock on the Bay of Quinte. The house with 116 feet of waterfront at 131 Peats Point Rd. has an asking price of $2.295-million. At that price point, Ms. Springate-Renaud says, the house will likely appeal to someone from Toronto, Ottawa or Montreal looking for a full-time residence in retirement or a recreational property. 'Mine is a four-season. It will also appeal to those crazy people who do ice fishing,' she says with a laugh. Ms. Springate-Renaud is seeing similar market trends at her firm's offices in Collingwood, Muskoka and Owen Sound. The areas around Georgian Bay and Muskoka saw a dramatic run-up in sales and prices at the start of the pandemic. 'Buyers are more cautious about the second home market,' she says of the current mood. Ms. Springate-Renaud believes sellers are listing now because they are optimistic that sales will pick up if interest rates fall further and Canada successfully negotiates a new trade deal with the United States. 'They're getting tons of listings – more than they normally get at this time of year.' Ms. Forcht is not anticipating that an increase in holiday makers will lead to a bump in real estate sales. Serious buyers circulate in the late winter and early spring, she says, so they can pick up the keys by the time warm weather arrives. 'Summer is generally wishers, dreamers and 'it's raining at Sandbanks – let's go look at houses.''
