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Mortgage Broker News | 02 Dec 2015, 08:15 AM Agree 0
One broker lender is sharing foreclosure stats that show just how much of an impact flagging oil prices have had
  • Ross Kay | 02 Dec 2015, 10:26 AM Agree 0
    Alberta home prices have already deflated by over 14% so far this year. It really is amazing to see the stakeholders in the home selling infrastructure continue to mislead consumers with the use of faulty readings of the market.

    Mortgage Brokers in Alberta who had the correct market intelligence have been able to structure their clients mortgage debt portfolio to mitigate the risk on falling prices now for over a year.

    CREB and EREB is still telling everyone it's OK to buy a home right now and thus OK to absorb 10's of thousands in losses before they even close.

    Mr. Kosturos is clearly either a puppet of organized real estate or he is protecting his company by trying to calm fears.

    Instead proactive solutions should be being provided to Albertans on how to whether this latest devastation to their personal wealth.
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