Seattle-based online real estate brokerage Redfin announced today that they will be launching a national Canadian real estate search site and brokerage service in Vancouver and Toronto by March 2019.
“Our goal is to make buying and selling Canadian homes more affordable, with Redfin agents who always put customers first,” said Redfin CEO Glenn Kelman.
“We believe Canadians will love our local full-service agents, low fees and on-demand home showings. Our website and mobile apps will show all the homes for sale via the local Multiple Listing Services used by brokerages. And Redfin will show sale prices for Toronto and Vancouver homes that for years had been unavailable to consumers.”
As a technology-powered real estate brokerage, Redfin provides full service and charges less because it attracts most customers through its site and has built software to automate tasks and paperwork, making the entire process more efficient.
Once someone chooses to work with a Redfin agent, the service is tailored to each client’s needs with Redfin agents guiding clients through the entire home-buying and selling process.
Redfin’s local, full-service agents are employees, not independent contractors, and their bonuses are based in part on customer-satisfaction.
For home sellers, Redfin will charge a 1 percent listing fee. Redfin agents provide a complete home-selling service, including pricing and staging advice, free professional photography, a 3D walkthrough of the home, open houses, yard signs and beautifully designed marketing materials.
Homebuyers who work with Redfin also save because the company refunds part of its commission to the buyers it represents.
Redfin listings will be displayed on Realtor.ca and other Canadian real estate websites via the Multiple Listing Services.