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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

Our CEO Shubha Dasgupta takes us through the weekly market update in this training session. He starts the meeting with rate updates for Prime and Alt Lenders. He highlights the rate percentage for insure, insurable, uninsured and rental. A full recap was given on rates and how they have been lately, along with the changes that have happened within the past nine months, the incremental rate increases for the year and the current changes. Speaking with your clients about when is the right time to buy and sell, the facts shared, and setting realistic expectations are essential.

Pre-pandemic was a different market than today; the critical difference is that there is high inflation right now. Showcasing multiple scenarios and allowing clients to see what they can afford. Your lead of today is your clients for tomorrow, so considering everything and creating tasks to check on their files and the market is critical. One important thing to remember is that it is not about timing the market; it’s about time in the market. Please refer to the related tab of this article to access the slide deck.

Resource Links

Bidding makes a comeback

BoC July 2018

Why are things different from 2018 downturn?

Foreign Buyers Ban Proposal

Social Media Content

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