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Mortgage Broker News | 08 Dec 2015, 08:15 AM Agree 0
It’s already been the best year on record for this one booming market, but have brokers benefited?
  • Henry | 08 Dec 2015, 09:58 AM Agree 0
    Another reason why big crash is coming
  • Ron Butler | 08 Dec 2015, 11:41 AM Agree 0
    I spoke with a few mortgage brokers the other night, the ages ranged from late 20's to late 30's. They all had zero concept that property valuations in the GTA could ever go down. You cannot blame them really, they were either pre-teens or embryos the last time real estate took a real sustained drop. Hard to blame people who assume value increases will be eternal if they have no experience of anything different.
  • Leslie Weisz | 08 Dec 2015, 01:17 PM Agree 0
    I'm not sure that a big crash is coming, however the current pace is very hard to justify.
  • Rick (Mortgage Mentor) Robertson | 09 Dec 2015, 01:53 AM Agree 0
    "several years ago when rates were 7%, people were still buying then.” LOL

    I remember even more years ago when rates were 18% -20% and people were still buying houses. The market then had similar sales to 2000 or 2010.
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