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Mortgage Broker News | 06 Oct 2014, 11:51 AM Agree 0
A business boom may be lying in wait for brokers in one major market, with early indicators showing homebuyers continue to flood the market following a busy summer season.
  • Ross Kay | 06 Oct 2014, 04:29 PM Agree 0
    You will notice Mr. Etherington did not quote any numbers. This is because he is regulated by REBBA while Mr. Mercer is not. Mr. Mercer can release any misleading or misrepresentative information to the public without repercussion from the Ontario Regulator. (just call RECO and get verification).

    In 2007 95,223 sales were recorded by TREB, which it subsequently reduced (as it will for 2014 at a later date, as is has each year since 2007) to 93,193 (the usual pattern of a 2.3-2.7% later reduction)

    Real Estate Sales Volumes naturally follow trends which in June suggested TREB was on track for an unadjusted 96,665 but by September has fallen to unadjusted 94,242. Unless the trend of the last 3 months reverses even the Adjusted record will not be met.

    FYI in the 2007 record year interboarding of listings totalled 3856 sales for treb which this year is on track for over 5000 more, meaning TREB really needs to hit over 100,000 if you still want to call 12 inches a foot.
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