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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. With the recent news on Mortgage Fraud within the industry, Shubha explains what money laundering through shell companies is and how prevalent this is within the industry. Agents should be aware of what is currently happening in the market since it will affect business.

As mortgage agents and brokers, you must look out for the overstating or understating property values, overvaluations and undervaluations. Shubha highlighted that even with issues in the current market, there are many new clients, and sales activities will return with population growth. With this being said, agents are encouraged to pivot their business by focusing on other areas of the market that have business going on while navigating their way throughout the winter Market. Please refer to the related tab of this article to access the slide deck.

Resource Links

CREA Stats

Opacity reports on money laundering and transparency

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