Canadian Billionaire Buys Big Realty Firm On The Bet That More Foreigners Will Make Moves to Canada for Luxury Homes

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Upscale real estate firm Sotheby’s International Realty Canada was purchased by Canadian billionaire Ned Goodman last month adding fuel to an already evident trend that foreign investment into luxury homes in Canada is on the rise. Industries reliant on across the border and overseas relocations look at this most recent move as a positive indicator of things to come, including Mike McIntosh, owner of Total Move Management, a prominent Ottawa moving company in the nation’s capital that also specializes in ushering foreign home owners into Canada.

Canada's unique luxury home market is a big draw for those considering more than a vacation stay

Buying a second home in another country is a big step and we pride ourselves in helping usher in new homeowners into Canada by transporting and caring for their possessions so that all is safe and sound upon arrival.

The Globe & Mail reported on the sale of Sotheby’s International Realty Canada last month to Dundee Capital Market’s CEO Ned Goodman for one of his lesser known companies – 360 VOX Corp, a real estate development and operations company. Billionaire Ned Goodman has over 40 years’ worth of investment and wealth management experience with heralded involvement in numerous reputable companies. Mr. Goodman has made a move in buying Sotheby’s, a realty company that caters both to the local upscale real estate market and serves as a seller of luxury second homes and vacation property to foreign interests in the U.S. and overseas, that many consider to be telling of things to come for the luxury home market in Canada. While Canada too has seen its fair share of challenges in the real estate market, with exception of the booming Central Alberta region, one area that remains relatively consistent is with respect to luxury home sales to foreign buyers. Wealth management may be a large factor in this equation considering that this is Ned Goodman’s bread and butter. Regardless the intention, many analysts are looking at Ned Goodman’s Sotheby’s purchase as a vote of confidence for the direction of marketing Canadian luxury homes to those outside of the country. Other industries are taking notice as well.

The relocations industry is also acquiescent to real estate trends and the bigger the relocation company the more they look at the big picture regarding events that will shape household mobility both within and outside of the country. When a billionaire of Ned Goodman stature and aptitude makes a move in one direction many related businesses place bets that push their business in the same. For Total Move Management, a prominent Ottawa moving and relocation company in the nation’s capital city that periodically sees a significant bulk of its business come from U.S. to Canada moves and overseas relocations, this anticipated boost in a returning trend is a welcome one.

With a combined marketing push from the newly acquired Sotheby’s International Realty Canada backed by 360 VOX and Goodman dollars, owner of Total Move Management Mike McIntosh expects to see more wealthy retirees, second home purchasers, and extended-vacation property buyers make their way into Canada and with them coming a hefty portion of personal belongings that need transport. Mike McIntosh comments “Wealthy households moving into Canada to take advantage of the seasonal attractions, lifestyle, and financial management opportunity still want to bring a big piece of their home with them. We receive many inquiries from new residents, whether permanent or part time, regarding what steps they must take to relocate some or all of their existing residences to their new one. Buying a second home in another country is a big step and we pride ourselves in helping usher in new homeowners into Canada by transporting and caring for their possessions so that all is safe and sound upon arrival.”        

Total Move Management encourages those outside of the country who are considering investing in a luxury home not only as an investment but as a full or part time place of residence to contact his Ottawa moving company which manages both U.S. and overseas relocations to Canada. Next to buying the home or property, getting there with one’s possessions in tact is the next big step.

ABOUT Total Move Management

Total Move Management is distinguished in the moving industry by our commitment to high-standard services through the Canadian Certified Mover Program. Total Move Management has signed the Canadian Associations of Movers’ Code of ethics and our membership and qualifications can be confirmed by calling: The Canadian Association of Movers at 1-866-860-0065, Thornhill, Ontario. Contact our Ottawa moving company for any U.S. to Canada moves and overseas relocations.

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