Broker news TV

Broker news TV brings you closer to the industry's most influential leaders and thinkers. Click on the videos below to watch the interviews:

Showing 82 - 83 of 83

The Big Story: Fighting doom and gloom

The real estate forecasts of some big players have receive even bigger media attention. That's bad news for brokers sitting on preapprovals. But there is a way to encourage ready buyers into the market.

Video transcript below:

Reporter:  Thanks Moody’s and thanks TD while we are at it.  Talking up pre-approved clients down off the fence is a lot tougher, thanks to your doom and gloom forecasts.  But brokers it can be done. Welcome to fence sitter no more on the Big Story. 10 years in the doldrums, that’s the latest prediction for Canada’s real estate market.  Well, according to TD, Moody’s goes one better.  It says prices are inflated by more than 25%.  It’s all enough to keep brokers sitting on a mountain of pre-approvals and it’s enough to keep fence sitters out of the market.  But should they be?
 
Drew Donaldson, Exec. VP of Sales, Safebridge Financial Group
Drew Donaldson:  As far as doom and gloom predictions by the likes of TD and Moody, well we see with our clients, I mean if you are first home buyer sitting on the sidelines and you think for the next 10 years either the prices are going to fall or remain stable, we say if you are financially prepared and ready, then absolutely you are free to jump into the market and we actually recommend it.  At some point in your life, you have got to get into the housing market.  Now, if you are one of those investors who has 4 or 5 properties and you thinking of, let’s just keep overleveraging all the way upto 7, 8, 9, 10 properties, I would think twice about that.  
 
Reporter:  But ultimately the decision to buy falls to the client.  Still brokers should be asking the right questions to help them along.  
 
Phil Edwards, Mortgage Broker, Mor Can Direct
Phil Edwards:  Well when you hear those predictions of doom and gloom, I think you really have to analyse where the information is coming from and what we have to look at is, number one, how does it affect you as your being in the actual market.  So look at for example where you are in the marketplace if you are in Toronto or Vancouver.  Because a lot of times that those statistics are given out, it’s for Canada as a whole.  So if you look at your specific market, you will be able to see if that actually relates or affects you.
  • The Big Story: Housing market snapshot The Big Story: Housing market snapshot (views 14109)

    It’s been an ongoing debate for a while now. Housing bubble – no housing bubble. The latest numbers support the idea that the Canadian housing market will have a soft landing in 2012. In January, CREA reported that sales activity was down for the first time since August of 2011, while prices increased by a modest two per cent year-over-year. Forecasts for economic and job growth going forward vary widely for different parts of the country, meaning some markets may soften while others pick up. For experienced brokers, continuing to work with Realtor partners may be one key to surviving any drop-off in the market. As well, people will continue to buy, refinance and renew. So regardless of what the market may or may not do, brokers need to continue to show clients why brokers are an integral part of the home-buying purchase. On today’s Big Story, we spoke to mortgage broker Paula Roberts and mortgage agent Dena Kakaletris of The Roberts Group-Dominion Lending Centres. Find out on today’s