Not long after establishing its first Canadian presence in Toronto, Redfin is launching its brokerage services and listings website in one more Canadian city: Vancouver.

The tech-forward, low-fee brokerage, that kicked off its Canadian launch with Toronto in February, is in the midst of cementing its northern presence, and it plans to launch www.redfin.ca in more cities in the future.

Redfin CEO Glenn Kelman at Inman Connect SF 2018

Redfin CEO Glenn Kelman at Inman Connect SF 2018 | Credit: Kailya Warren/Inman

As in Toronto, homesellers who work with the brokerage will be charged a 1 percent listing fee and, potentially, a commission for buyer’s agents.

“We’ve been encouraged by a few early sales in Toronto and have reason to believe we can start just as strong in Vancouver,” Redfin CEO Glenn Kelman said in a prepared statement.

Redfin agents will work with sellers in the Vancouver metropolitan area, as well as the popular Whistler ski resort. Like in the U.S., Redfin agents are considered employees rather than independent contractors and receive a salary and bonuses rather than only commission.

“The response to Redfin in Vancouver has been fantastic so far. Consumers have been eagerly awaiting our launch,” Brooks Findlay, the managing broker for Vancouver, said in a prepared statement. “Already, we have five listings on the market, totaling nearly $9 million Canadian dollars, a testament to the desire for our service here in Vancouver.”

Along with its own listings, Redfin’s Canadian site will be populated with listings from the Canadian Real Estate Association and, in the future, the local multiple listings service (MLS).

Redfin features such as Book It Now, which allows interested buyers to schedule showings through their phone, and Instant Updates are also available in Canada. Other features including the Redfin EstimateRedfin Hot Homes, Search By School and Compete Score aren’t yet available but will eventually be added to the site and mobile app.

This month, new data showed that sales in Vancouver fell by more than 30 percent in the past year due to overinflation and tax changes on empty homes. Both Redfin and Zillow, which has also been stepping up its presence in Canada, said that they are confident that the Vancouver market will even itself and remain a popular investment destination for years to come.

“As a Seattle-based company, we already have a presence in the region,” Kelman said. “Given how expensive housing still is here, even after all the changes in the market, we hope that tech-savvy Vancouver homebuyers and sellers will be drawn to our combination of great service and low prices.”

Email Veronika Bondarenko

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription