Here is a hidden source of clients you may have overlooked
Confident condo investors believe the good times will roll on in these two major markets.
One alternative lending executive believes he has the answer for brokers looking to gain the competitive advantage in alt-lending.
While the industry continues to chime in about the interest rate cut and its impact on all sorts of homebuyers, investor clients are finding themselves left out in the cold by the banks.
After fifteen years of investing in rental properties – many of those years we purchased as many as ten houses – I’ve always wondered why more mortgage brokers weren’t focused on helping real estate investors.
Brokers have gained another "national lender."
An investor is arguing that despite the increasing number of Realtors in the market, there are not enough good ones to help investors grow their portfolio.
Mortgages for investment properties are increasingly difficult to find, according to one industry player, who says his clients are forced to face a new reality.
First-time home buyers are putting off purchasing a principle residence in favour of first buying investment properties in cheaper markets, says one broker; but one of his peers isn’t convinced this is the best move.
The recent Canada Revenue Agency interest in people claiming their condos as homes instead of investment properties is long overdue, says one mortgage broker, also suggesting the crackdown illustrates the role brokers can play.