This week on the REAL Collective Podcast our hosts are talking about BOC rate predictions, and shocking mortgage stories.
They kick off the episode by diving into the final Bank of Canada rate announcement of the year, set to take place tomorrow. Kyle shares his predictions, while Sean breaks down how it could shape the real estate market next year. They then explore recent tech updates for realtors, discussing why these changes are happening and their potential impact. Sean also highlights some of the challenges currently unfolding.
During the break, they give a special shoutout to Azita Fathi of PrimeService Insurance. You can learn more about Azita here: https://primeservice.ca/azita-fathi/.
In the second half, they share some truly jaw-dropping mortgage stories, including a $150,000 mortgage penalty and a case of identity fraud uncovered when the client attempted to buy a home.
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Intro (0:00)
Last BOC Rate Announcement coming this week (1:55)
What does Kyle think about it (2:56)
Kyle’s Prediction (3:40)
Sean’s predictions on the real estate market (4:50)
How some changes in the states that has led to a new system here for REALTORS® (5:22)
Board amalgamation coming (7:10)
The new system has limitations (8:26)
What’s the client impact of the new system? (11:15)
Matrix vs Realm (14:45)
The mortgage rules are continually changing (15:50)
A shout out to Azita Fathi of PrimeService Insurance (17:40)
Second half (20:23)
The unbelievable story of a $150,000 penalty (21:17)
Real estate agents and mortgage agents filling the gaps (27:35)
A story about identity theft (28:42)