CBC News
Home resales held steady on a monthly basis in August, but increased by 18.5 per cent compared to the same time last year, the Canadian Real Estate Association said Tuesday. (more…)

Do you know the difference between a Mortgage Broker and a Bank Mortgage Specialist?

There are actually a number of differences which you may not be aware of.

Here’s some information to help you understand.

A Mortgage Broker works for your client; where as Bank Specialists are employed by the financial institution.

The benefit of using a Mortgage Broker is the fact that they have the ability to offer mortgage products from a number of financial institutions.  Since a Bank Specialists works for the bank, that means that they can usually only offer your client their institution’s products. (more…)

August sales continue trend

“With summer coming to a close, it is a good time to reflect on the local resale market,” said Bruce King, RAHB President. “The August numbers continued the positive trend set in July, with sales and average price up, year over year. 2009 has thus far continued to surprise market watchers.” (more…)