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Island Realm Real Estate | Formerly The Condo Group


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#1 Citified.ca

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Posted 26 April 2022 - 10:01 AM

The Condo Group, founded 15-years-ago, is now Island Realm. The company has transitioned into a full-service agency covering the entirety of the residential real-estate spectrum.

 

We had a chance to sit down with Tony Zarsadias to talk about the changes, and what's in-store for the company.

 

A quick note of interest is Island Realm has opened a second office in the CRD, this one downtown on Discovery Street at Store Street.

 

Island Realm's website.

 

island-realm-office-3.jpg

 

The Condo Group reimagined as Island Realm Real Estate: Q&A with CEO Tony Zarsadias


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#2 Szeven

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Posted 26 April 2022 - 10:36 AM

Good for them. Tony has always been friendly and professional. Way to go!



#3 Mike K.

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Posted 26 April 2022 - 10:55 AM

Yes, he’s a pretty great guy! The whole Condo Group/Island Realm operation is very professionally run.

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#4 Mike K.

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Posted 31 December 2023 - 08:47 AM

Island Realm has announced that their office has closed.

No information provided other than a letter thanking the community for 15 years of business and connections.

That’s so sad to see. Was the rebranding confusing for people, I wonder? It’s never easy to switch a name, especially when it’s so locally iconic to begin with (Condo Group -> Island Realm).

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#5 Victoria Watcher

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Posted 31 December 2023 - 11:01 AM

That’s a bit odd. To just completely dissolve.

I mean, most real estate clients have very little loyalty to a brand, why would they, but they do to individual Realtors.

It’s odd the message says nothing about where each will go.

I think when it was The Condo Group they had some authority to say “hey we know each and every condo project inside and out, that’s what we do”. So they could say hey, why would you list with someone that doesn’t know condos?

But not sure the new brand means anything.

Chris Gill has been there forever.

Edited by Victoria Watcher, 31 December 2023 - 11:04 AM.


#6 Mike K.

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Posted 31 December 2023 - 11:16 AM

Yes, to us outsiders this feels sudden and unannounced.

It was likely difficult to branch into the full market, but still maintain the condo angle. It’s not easy buying and selling condos, lots of minutes to go through and it can be quite onerous ensuring your client has all the information they need. Meanwhile you’re making 1/3 of the commission of selling a SFD in a week.

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#7 Victoria Watcher

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Posted 31 December 2023 - 11:19 AM

Ya. Maybe. But selling condos isn’t the end of the world or the bottom of the barrel. No hiding type I growing faster.

#8 MarkoJ

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Posted 01 January 2024 - 08:24 AM

Quick google search shows they are simply rebranding -> https://storeys.com/...-island-office/


Edited by MarkoJ, 01 January 2024 - 08:24 AM.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#9 Mike K.

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Posted 01 January 2024 - 08:57 AM

No mention of Island Realm or The Condo Group in that press release, however. Are we sure it's a re-brand?

 

Here's what Island Realm posted. No mention of Rennie in their statement.

 

"With a mix of emotions, we announce that Island Realm Real Estate has decided to close its doors."

 

It might be that Island Realm as a company closed, and the agents mostly switched to Rennie, and will assume the lease of the Island Realm offices for a Rennie office. Not sure if that also includes the Tillicum/TCH office?

 

In any case, onwards and upwards.


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#10 Victoria Watcher

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Posted 01 January 2024 - 08:59 AM

Well Tony Z is joining rennie.

So there is coordination.

I suppose they just don’t want to call it a takeover.

Edited by Victoria Watcher, 01 January 2024 - 09:01 AM.


#11 Mike K.

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Posted 01 January 2024 - 09:03 AM

Oh yeah, absolutely. But Island Realm became Island Realm after The Condo Group joined Peerage Realty Partners. Is there a connection between Peerage and Rennie?


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#12 Victoria Watcher

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Posted 01 January 2024 - 09:09 AM

Here is the May 2021 announcement of Peerage taking over Condo Group:

https://peeragecapit...he-condo-group/

#13 MarkoJ

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Posted 01 January 2024 - 09:09 AM

Well Tony Z is joining rennie.

So there is coordination.

I suppose they just don’t want to call it a takeover.


And the address/office remains the same and looks like all the agents are staying. Call it what you want :)

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#14 Victoria Watcher

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Posted 01 January 2024 - 09:16 AM

Perhaps for legal reasons they can’t call it exactly what it is.

Maybe Peerage made a bad investment.

Edited by Victoria Watcher, 01 January 2024 - 09:17 AM.


#15 Kyjen

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Posted 01 January 2024 - 03:56 PM

Notice the new sign up yesterday.

 

 

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