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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 kicks off the session with a rate update for both Prime and Alternative Lenders. He discusses the Bank of Canada announcement where the overnight rate was hiked by .50%, bringing the overnight rate to 3.75% and prime to 5.95%.

Did you know that higher rates equal higher returns on savings and investments – helping young people save faster? Rising rates can push down housing prices! Take this opportunity in a purchase slowdown to help clients that are facing debt burdens. Shubha then discussed one of Doug Ford’s bold actions to build 1.5 M homes over 10 years.

Resource Links

Young people priced out of houses should be loving the rise in interest rates
Best GIC & Term Deposit Rates in Canada of 2022
New to Canada
New to Canada Case Study with Don Chen
Scotiabank StartRight
TD Temporary Resident Program

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