Sarah is new to the Mortgage industry and the My Better Mortgage Family. Sarah comes to us with a Diploma from Georgian College in Hotel Management. With more than 10+ years of Retail Management experience and 15+ years of Customer Service experience (customer experience certified). Sarah has a vast knowledge of how to exceed client expectations. Sarah has a proven track record of getting results in the most difficult of situations.
As a mom of 4 and wife of 10 years Sarah understands the importance of maintaining, growing and exceeding financial goals and freedoms. With having 4 children in 5 years Sarah knows the hardships of trying to maintain financial freedom while providing for her family. Sarah is passionate about supporting families and committing to helping them meet and exceed their financial goals whether it is: first time home buyers, refinancing or being Mortgage FREE sooner. Sarah is dedicated to helping meet your NEEDS.
For those of you who do not know me I am Sarah, a mortgage agent for My Better Mortgage. In 2007 I gained a diploma in Hotel Management where I went on to work in the retail and customer service industry for 10+ years and have retained a certification in customer excellence. Growing up with parents who were entrepreneurs I always felt a need to follow in there foot steps. So when Rachael presented me with the opportunity to work with her helping families and individuals, while growing my own business, I jumped at the opportunity. This was hands down one of the easiest life decisions I have made. Rachael gave us the opportunity to better my families financial future and help meet our long term goals. With my passion to help others and there families how could I say, NO! I am a mom of four young girls and I understand the importance of maintain, growing and exceeding your financial goals and gaining freedom. I had my four girls Payten 7, Abigail 6, Kylie 3 and Keaghan 3 in 5 years. The hardship of trying to maintain financial freedom while providing for our family was always a major stress point, as it is for most families. I understand what it is like to walk into a bank with not having the best credit score, as it is hard at times for young families to maintain PERFECT CREDIT and left feeling defeated. That feeling your goals are dreams out of your reach. My advice is to never give up. When I called Rachael I was already waiting for the NO on the other end of the phone. Like most after the 2nd NO you figure it must be true, this wont happen for me. So when I finally heard YES! it was emotional and surreal. I am committed to giving other this same opportunity to hear YES, the feeling that your dreams will finally become your reality.
I want to say THANK YOU to my wonderful Husband who for the past 12 years has supported any and all my career choices. When telling him that I wanted to JUMP into the world of Mortgages he smiled and said yes dear. He made sure every night after he had worked all day that I had a quite place to study (which is a difficult task in our household with 4 girls under the age of 7) and cheered me on after I passed every quiz. When I wrote the Mortgage Agent exam I came home feeling defeated, unsure that I had passed. He said to me you got this. His support has been unwavering and made this transition from Retail Manager/Stay at home Mom to Mortgage Agent easy. My Second THANK YOU goes out to my parents. Thank you always for your unconditional Love and being my voice of reason. As a young girl and now as a women I watch my parents do it all run a successful business for the past 30 years, maintain a house, be therapists, nurses, raise three kids, and help me raise my grandchildren, they are the true the definition of SUPER PARENTS/ GRANDPARENTS. With all these titles under their belt they still always finds the time to support my dreams and ambitions. For this I am eternally grateful. I can only hope one day I am the Entrepreneur, Wife, Friend, Parent and Grandparent you are and I do it with as much DETERMINATION, AMBITION, SELFLESNESS and GRACE (because we all know grace is not my strong suit) as you have. Last but not least, THANK YOU to the one and only RACHEAL BEEMER (principle broker of My Better Mortgage). I met Rachael last summer when I called her office needing some advice on MORTGAGES. My husband and I needed to move as our home was far to small for our growing family. At the time I was on a leave of absence from work and all the banks told me, I had to return to work! in order to be approved for a mortgage. I heard Rachaels ad on the radio and thought, what do I have to loose. After talking briefly with Rachael, she managed to ensure a TRUST with me that she had my families NEEDS covered and we were on our way to our GOALS! Rachael not only managed to get us into a mortgage that fit our lifestyle but was able to get us into our dream home without breaking the bank. When it came time for me to find a career that fit my lifestyle Rachael was there again to SUPPORT and INSURE my families financial future. Rachael has an amazing understanding for what MOMS need. She understands BALANCE; the need for moms to be with their children but contribute financially to their families. I am excited and happy to call Rachael my MENTOR and FRIEND. I look forward to our JOURNEY together and knowledge to come. I want to THANK YOU my future clients. Thank you for trusting me with your families, your dreams and your future. Thank you for making my families dreams possible.
Canadian home sales activity eases in October
Ottawa, ON, November 15, 2018 Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018. Highlights:
National home sales fell 1.6% from September to October.
Actual (not seasonally adjusted) activity was down by 3.7% from one year ago.
The number of newly listed homes eased 1.1% from September to October.
The MLS Home Price Index (HPI) was up 2.3% year-over-year (y-o-y) in October.
The national average sale price slipped by 1.5% y-o-y in October.
Home sales via Canadian MLS Systems edged back by 1.6% in October 2018. While activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017. (Chart A) Transactions declined in more than half of all local markets, led by Hamilton-Burlington, Montreal and Edmonton. Although activity did improve modestly in many markets, it was offset by a decline in sales elsewhere by a factor of two.
Actual (not seasonally adjusted) activity was down 3.7% compared to October 2017 and in line with the 10-year average for the month. While sales were down y-o-y in slightly more than half of all local markets in October, lower sales in Greater Vancouver and the Fraser Valley more than offset the rise in sales in the Greater Toronto Area (GTA) and Montreal by a wide margin.
This years new mortgage stress-test has lowered how much mortgage home buyers can qualify for across Canada, but its effect on sales has varied somewhat depending on location, housing type and price range, said CREA President Barb Sukkau. All real estate is local. A professional REALTOR is your best source for information and guidance in negotiating a purchase or sale of a home during these changing times, added Sukkau.
National sales activity lost momentum in October, said Gregory Klump, CREAs Chief Economist. In part, this reflects waning activity among some urban centers in Ontarios Greater Golden Horseshoe region and the absence of an offsetting rise in sales in the Lower Mainland of British Columbia. Even so, the balance between sales and listings in these regions points to stable prices or modest gains. By contrast, the balance between sales and listings for housing markets in Alberta, Saskatchewan and Newfoundland indicates a weak pricing environment for homeowners who are looking to sell.
The number of newly listed homes edged down 1.1% between September and October, led by the GTA, Calgary and Victoria. The decline in new supply among these markets more than offset an increase in new supply in Edmonton and Greater Vancouver.
As for the balance between sales and listings, the national sales-to-new listings ratio in October came in at 54.2% close to Septembers reading of 54.4% and its long-term average of 53.4%.
Considering the degree and duration to which market balance readings are above or below their long-term average is the best way of gauging whether local housing market conditions favour buyers or sellers. As a rule of thumb, measures of market balance that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.
Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in October 2018.
Most First-Time Homebuyers Spending All They Can Afford
Millennials have made up a significant portion of homebuyers in recent years and based on the 2018 Mortgage Consumer Survey, they continue to do so, representing just under half (49%) of first-time buyer respondents. Although this is a decrease from 60% in 2017 and 58% in 2016, Millennials continue to influence and shape the homebuying and mortgage process.
Heres more of what we learned about Millennials and first-time buyers as a whole, powered by the 2018 Mortgage Consumer Survey.
What does the typical first-time buyer profile look like? Forty percent are married, 80% are employed full-time and about one-quarter (26%) have a household income between $60,000 and $90,000. A strong percentage of them were born outside of Canada, with 22% identifying as newcomers to Canada. Mortgage professionals can help meet the unique needs of newcomers with the support of CMHCs homebuying information which is available in 8 different languages.
The top 2 reasons first-time buyers bought a home: they wanted to get a first home and they felt financially ready. Although certain urban markets continue to exhibit high house prices and other barriers to entry, the survey found that 61% of first-time buyers bought a single-detached home. In fact, single-detached home was the top housing type purchased in all regions across Canada, except in British Columbia where condominium apartment was the most popular housing type.
The vast majority (85%) of first-time buyers spent the most they could afford on their home, compared to 68% of repeat buyers. This indicates that first-time buyers, including Millennials, may be stretching themselves financially to purchase their home. When it comes to the down payment, savings from outside an RRSP was the main source for first-time buyers. This suggest there is an opportunity to further educate first-time buyers about other options to help fund their down payment, such as the Government of Canadas Home Buyers Plan (HBP).
To get assistance with the mortgage process, first-time buyers contacted, on average, 2 brokers and 3 lenders. First-time buyer satisfaction levels with mortgage brokers and lenders remains high. However, mortgage professionals could further increase satisfaction levels by conducting more post-transaction follow-up and by providing clients with more information on closing costs, house purchase fees, interest rates, and steps involved in buying a home. CMHCs Step by Step guide is a valuable tool for mortgage professionals to share with homebuyers to ensure they feel confident throughout the entire homebuying process.