Skip to content

Pineapple Market Update

Become a more informed mortgage broker alongside our CEO, Shubha Dasgupta. Get timely information on the housing market, mortgage industry and the Canadian economy so you can serve your clients better!

 

 

Summary

In this training session, our CEO Shubha Dasgupta takes us through the weekly market update by kicking off the meeting with rate updates for Prime and Alt Lenders and updates us on the interest rate percentages for insured, insurable, uninsured and rental. He highlights that inflation pressures will remain high and goes over different scenarios where we may be impacted.

Shubha also discusses recommendations going into 2023, with one suggestion being that for those who are on variables and considering locking in to wait. He goes over the fall economic update and assignment sales as well as various situations of what is happening within the precon market and the types of mortgages clients are currently taking; we are seeing variable rate mortgages dominating. Lastly, he highlights that permits are on the rise and that we should focus on renewals within our businesses. Remember to check your agent dashboard on MyPineapple to find information on renewals, debt consolidation and investment opportunities.

Resource Links

Investors in Toronto’s Assignment Market Face A Murky Future

Bank of Canada Hikes By Less Than Expected

This is not the time for mortgage shoppers to fully buy in

Social Media Content

Social Media 101
Social Media 201
Social Media Tips

Please click here to access the Market Update recap video story that you can use to post on your social platforms.

Announcement

One of our priorities here at Pineapple is to ensure that you are all remaining compliant in your mortgage business. While we understand you may all have a different style of marketing/advertising your mortgage business, we are sending this email as a reminder that you are ensuring that you are keeping aligned with the mortgage industry public relations and advertising requirements as per the link.

Please take a moment to read the attached link to ensure that you are adhering to the Mortgages Brokerages, Lenders and Administrators Act 2006 (MBLAA) and its regulations.

Please reach out to Diana at diana@gopineapple.com if you have any questions.

Cheers,

Diana