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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. Inflation is still causing challenges and is hitting everywhere across the globe. Inflation impacts housing costs, construction, drop in inventory, real estate transactions, business sales growth, etc.


CMHC Housing Supply report and what has been affected within the last few months, including the total number of units under construction and predicted rising rates, were discussed. He further explains some of the biggest challenges when it comes to the cost of construction. Shubha encourages agents to connect with clients the way banks won’t be making a touch point and offering a mortgage review to prepare and position those clients for what is to come. 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