Dreams are Goals without Plans. Stop Dreaming.
Apply now to find out if I can help you save on what you already own to put towards those goals, to pull equity to fund those goals, or to find out what you need to do to acheive the goal of home ownership.
Any goals I can't help plan for, I'm more than happy to refer to someone who can. And if I can't help directly with your goals, ask about my referral program so that in your referring me to someone I'm more immediately able to help, I'm able to do more to help you.
Thanks for your time. I hope you read on and don't leave before filling out an application. Will only take a few minutes and could save up to and more than $50/month depending on your current rate and what is currently on market.
My Marketing... It's You.
Marketing is one of the biggest questions in commission referral businesses. What do you do? Advertise on the radio? TV? Mailers? Magazines?Maybe you do sponsored content on facebook or are real cutting edge and have an advertisement running on YouTube.
Ive considered the radio but Im the only person I know who listens to it and it is a bit out of my early career price range. TV has similar problems only I dont even watch that.
Ive done a few mailers. Theyre comparably affordable and great for getting to a lot of houses but I expect all those houses are like myself, and any non mail goes straight to the recycling. I dont want to contribute to that much garbage.
Ive done some facebook because of affordability and immediacy as I can track whos actually clicked, and I know people are on facebook.
What inspired this post though, was hearing about magazine adverts. To be in a certain real estate magazine, a realtor I know spends $15,000 for a one page advertisement once a year.... $15k... For paper...
As a realtor, he only needs a referral or two from the advertisement to have it pay for itself, and he believes it has been worthwhile. As a broker my numbers arent quite that good, and even if I had it $15k seems absurd to me to spend on a single local advertisement. I can think of WAY better ways of spending $15k.
So I did.
Summer 2018 will have the first annual Carson Park Football Scholarship. Depending on how business goes this, my 2nd year in the industry, will dictate how much Im able to give to how many graduates looking to play university level football.
So knowthat your referrals to me not only result in a kick back to your pocket, but directly provide an opportunity to someone who otherwise may not have had it.
I thank you for your referrals, and so do future recipients.
Apply Nowand let me see how I can help you either plan for your first home, or save money on what you currently own.
Similar Housing Demand Conditions in Canada and US
Housing markets in Canada and the US are sizzling. Recent headlines have used superlatives to describe housing market conditions in both countries and the data do back this up. Still, a closer look reveals some interesting distinctions as well. Home price and sales metrics show that while the US market is hot, Canadas is hotter. For example, existing home sales, which make up the majority of overall sales in both countries, is well above historical averages, but Canadian home sales have outperformed. As of March 2021, home sales in Canada were 75% higher than the average over 2018 and 2019, while it was 13% above in the US. Likewise, home prices also spiked. In Canada, the average home sold was 32% more expensive than what it was a year ago, and it was 17% higher stateside.
From a high level, the list of commonalties across markets during the pandemic is longer than the areas of difference, particularly on the demand side. Perhaps the most influential demand-side driver has been historically low mortgage rates. Responding to the impacts of the pandemic, the Bank of Canada and the Federal Reserve slashed rates and enacted large quantitative easing programs early last year, resulting in a sharp drop in borrowing costs. Given that the US conventional mortgage rate is a 30-year rate compared to Canadas 5-year benchmark, borrowing costs fell faster in America as flight to safety flows lowered longer term yields at the onset of the pandemic.
CANADA HOUSING MARKET and new stress test
Canadian home sales took a turn in April 2021, declining by 12.5% (sa m/m) from the highest level on record in March 2021. Listings followed suit, falling by 5.4% (sa m/m). While both sales and listings decreased in April, the smaller decline in listings further eased the national-level sales-to-new listings to 75.2% from record high readings earlier this year (the highest being 91% in January). While this is a move in the right direction towards a better supply-demand balance, the ratio is still significantly higher than its long-term average of 54.5%. As a result of this persistent tightness in the housing market, the composite MLS Home Price Index (HPI) rose by 2.4% (sa m/m). This is a deceleration in price gains from paces observed over the last two months, owing in the most part to a slowing in prices for single-family homes and townhouses. Apartments, which had remained relatively close to pre-pandemic levels before accelerating earlier this year have maintained momentum in April.
Movements in the housing market this month continued to be broad-based rather than market-specific, as declines in sales were spread out across much of the country.
The Office of the Superintendent of Financial Institutions (OSFI) also announced that, effective June 1, the minimum qualifying rate for uninsured mortgages (i.e., residential mortgages with a down payment of 20 percent or more) will be the greater of the mortgage contract rate plus 2 percent or 5.25 percent.