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Mortgage Broker News | 19 Feb 2014, 09:20 AM Agree 0
As temperatures dropped in January so too did housing sales across the country as Canadians preferred to stay inside the warmth of home than to trudge through the snow to visit open houses.
  • rosskay@rosskay.com | 04 Mar 2014, 09:51 AM Agree 0

    From Ross Kay
    The numbers reported in this story are factually incorrect. In order to minimize confusion let's llok at one Province, the biggest of them all Ontario.

    The number of Sales reported for Ontario are inflated by in excess of 17% over the number of sales that actually took place.

    Unless someone thinks 2000 sales took place in James Bay, the numbers don't add up.

    Mortgage brokers across Ontario should have seen their book of business being over 17% higher if these numbers were correct.

    Actually all the other provincial numbers are similarly skewed with inflationary factors that are naturally occurring as a result of how numbers were reported since 2007.
    www.RossKay.com
  • Paul Therien - CENTUM | 04 Mar 2014, 11:45 AM Agree 0
    I can't speak for other brands obviously, but these downward numbers are not reflected for our CENTUM Franchisees, many of whom showed large increases in funded mortgages in January - some are double over same period 2013.

    Mortgage brokers are resiliant people, and I believe that many are finding ways to better serve the consumer and that is reflected in the results of all brokers, not just CENTUM.
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