The Engel & Völkers News Brief: September 25, 2020

September 25, 2020

E&V News

Celebrity Chef Tory McPhail Lists New Orleans Home for $1.5 Million
Mansion Global
Celebrity chef Tory McPhail of Commander’s Palace, a famed restaurant in New Orleans, listed his two-story home in the heart of the city for $1.5 million with Doug Rodick of Engel & Völkers New Orleans Metairie.

Demand for luxury homes is surging even during the pandemic
Livabl
After a historically slow spring season, homebuyers have returned to markets across Canada in droves during the post-lockdown period, even within the luxury housing sector according to data from the Engel & Völkers Mid-Year Canadian Market Report.

This dreamy, 108-year-old restored Vancouver farmhouse is up for sale
Vancouver Is Awesome
Built in 1912, “The Old Farmhouse” is one of the original homes in Vancouver’s prestigious Southlands neighborhood, and it’s now listed for sale with Jamie MacDougall of Engel & Völkers West Vancouver.

Americas

US new-home sales surge to the fastest pace since 2006 as housing market shines through pandemic
Business Insider
The US housing market extended its winning streak into August as Americans continued taking advantage of record-low mortgage rates. Sales of new homes leaped by 4.8%, to a seasonally adjusted annual rate of 1.01 million units, the Census Bureau announced Thursday.

Why real estate prices continue to rise despite the pandemic
CBC
Mark Ting, CBC’s finance columnist, discusses the connection between unemployment, government aid, and real estate in Canadian markets.

Global

What’s happening to house prices in France amid the coronavirus crisis
The Local
France’s housing market bounced back after being temporarily sedated during lockdown, but that doesn’t mean there hasn’t been a lasting impact on prices

Luxury Living

India Hicks Has Some Hosting Advice
Vogue
In an age when every dinner party seems planned to picture-perfect perfection, legendary hostess India Hicks has some refreshing advice: “Cheat. For god’s sake, cheat.”

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