Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 19 May 2015, 09:15 AM Agree 0
Sales activity continues to defy expectations, with Canadians taking advantage of warm weather and low rates in April for a 10 per cent spike in sales volume.
  • Ross Kay | 19 May 2015, 11:58 AM Agree 0
    As of April 30th, 2015, 62 out of 100 listings found on Realtor.ca will expire without selling.

    Weather only impacts sales for 48 hours at most and since 1982, (other than natural disasters) there is no statistical correlation in cold weather or rain or fairy dust causing sales to be held back. A family who just sold needs to find a new home asap, weather be da--ed.

    CREA hides real market trends behind monthly press releases as witnessed in the $448,862 national average quoted. The Average Sale Price for Canada on April 30th was actually $30,000 less than the 448,862 quoted.

    What MBs need to know is how many mortgages are up for renewal in May 2015 that were secured for first time purchasers four or five years ago?? This includes both the resale and new homes market.
Post a reply