In this training session our CEO Shubha Dasgupta takes us through the weekly market update. He kicks off the meeting with rate updates for Prime Lenders and Alt Lenders. He highlights the rate percentage for insure, insurable, uninsured and rental. Clients having options outside of the big 5 banks and how beneficial this can be for them were discussed.
The House Price Index is up by 13% and the average resale of home prices is coming back after the uptick throughout the year. He also explains pre-construction struggles and the delay in launching condos, especially in Toronto. As a result of this investors are moving to invest in other Provinces. Due to what is happening in the current market, it is important for agents to start looking for opportunities and making sure that they exist.