This Is Brokering

I’ve decided I have way less answers than I thought. 

It’s all about the questions;

are we asking enough questions?
are we asking better questions?

Here’s a stack of questions for you to sit down, write down, and drill down on!

Thanks!

Hey Bank Of Canada, maybe it’s you not me?

The havoc and horror being visited upon many a CDN household reminds me of the old movie line ‘the call is coming from inside the house’

As in the bad call of continuously spiking rates to stop inflation by inflating shelter cost payments 50% (and growing).

5 ideas to help CDN’s, all CDN’s.

Is the BC market imploding?

Yes, and no.

Depends which street you live on.

Is the BOC imploding our economy?

Yes, and no.

Depends on your definition of ‘vulnerable’

A healthy conversation about Real Estate, Macro-economics, and crystal balls.

Increasingly difficult to defend. 

Is the Bank Of Canada themselves the root-cause of entrenched inflation due to wage inflation?

Arguably a $1,000 per month jump in the median CDN mortgage payment feels anything but transient. And it’s also the sort of thing vastly more likely to result in requests and approvals for wage increases than rising gas prices. 

So what’s the real problem?

Is it still supply chain induced inflation?

Or is it Bank Of Canada shelter cost inflation run-wild?

Connie Hewitt from Calgary AB shines, and clearly has a bright future in Brokering!

Yes we’ve had way more than 2 rockstar rookies, but this interview makes two weeks in a row!

 New-ish Brokers sharing how they got things into high gear from day one, tune in.

Who is OSFI?
What is OSFI's mandate?
Will they make our lives any easier?

Sage investing advice from Justin’s nana, ‘own the dirt’.

Justin Foulis jumped into Brokering in April of 2019 at age 25 and started taking names and kicking butt on day one.

Justin actually went out in the world (of Home Depot parking lots) and took names.

The result?

55 closed files in his first 8 months.

Then 2020 happened…

So Justin picked up the phone, making 15-20 calls per day in 2020, asking two simple questions.

The result?

101 closed files!

Tune in and go deeper.

The math & motivation for change.

Clients want certainty, but certainty of what exactly?

Rate?
Amortization?
Payment?

The only way to know is to ask. Are you connecting with your ARM clients?

No, it’s not specifically mortgage related, but in a way… isn’t everything?

The Economy & Inflation, are they falling in line yet?

Whether you think yes or not, the Bank of Canada is almost certain keep pushing Prime higher, possibly higher than it really needs to go.