If you were unable to tune in for our Market Update live, watch the recording above.
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Our CEO Shubah Dasgupta, shares information on the most updated market in this Market Update. He shares the quote: “Short-term pain for long-term gain.” He explains the update on interest rates and the percentage of what’s happening in the market regarding insured, insurable, uninsurable, and rental. He shares that the economy is still strong and how candidate-driven the market is.
The booming population, changes in rents, and the home market was also explained, and he urged agents to take advantage of this. In addition, he speaks about the contrast in affordability and how severe it is, but not everywhere. With this in mind, he shares a visual representation of monthly mortgage increases and how much these increases have added up and impacted clients’ households.
Rising rates test foundations of property boom
Variable rate mortgage borrowers enduring fastest rate hikes
Wealthier Clients Crowding Out First Time Buyers
Canadians are house rich but heavily in debt
Luxury Picking Up Steam
In divorce the cottage is fair game