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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 insured, insurable, uninsured and rental. Affordability is a challenge due to high-interest rates, which has caused a significant difference in what is happening in the market compared to previous years. Shubha explained that sales have dropped, but agents must pivot their business and look for opportunities that don’t impact sales; one great way to do that is through Renewals. He ended the session by sharing four ways agents can maximize mortgage renewal clients. Please refer to the related tab of this article to access the slide deck.

Resource Links

RBC Economics – Consumer spending tracker

RBC Economics – Canadian home buyers on the defensive

RBC Economics – Buying a home has never been so unaffordable

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