Jared Dreyer on 2010 Mortgage and Real Estate Market Conditions in Canada

Top Quote The media is distorting how the current real estate market is doing in Canada. Jared Dreyer sets a healthy perspective on the Mortgage Market conditions. End Quote
    QuoteThere are great opportunities for clients to refinance in this market placeQuote
  • (1888PressRelease) November 17, 2010 - We are a full service mortgage brokerage firm. We do mortgages from Vancouver to the Fraser Valley and throughout BC. We are a team of 16 mortgage brokers with 100 plus years experience and work to provide value added services to our clients in addition to the lowest mortgage rates. We help our clients not only through negotiating the best mortgage rate but also provide the best mortgage options and terms. More importantly though we have a great program to keep in touch with our clients long after the mortgage funds.

    In today's financial environment you really have to consider how you are adding value to your clients and your referral partners. If you do not have these programs set up to provide ongoing support, mortgage and timely economic information to clients and partners you will not be able to stay competitive in the market. We have independent mortgage brokers from Vancouver to Chilliwack and have a keen understanding of the mortgage and real estate markets.

    The media is distorting how the current real estate market is doing. It is in good shape. Absolutely there are definitely some inventory problems in condominiums and some of the new projects but the resale market is very active. The volume is not at the same level as it has been but we have to adjust our expectations. Volume is at very good and normal levels the reality is that 09 and 08 when interest rates dropped, volume doubled so it was very high and stayed high. It was not at normal levels.

    Where we are today is a normal balance and it is a healthy market. We are continuing to see mortgage interest rates coming down to the lowest levels in Canada as well banks are creating new products to entice buyers back into the market place there area great opportunities for clients to refinance in this market place.

    What we are seeing is sellers are becoming more realistic with their pricing and there are great opportunities for first time home buyers and fantastic opportunities for move up buyers.

    Dreyer Group Smiles
    We are passionate about giving back to the community. We are so blessed and we feel it very important to give back. Dreyer Group smiles is a charity we created that donates to for safe housing for kids. We have events to raise money throughout the year and in addition a portion of every mortgage we fund goes towards safe housing.

    So we work with the Salvation Army to do this and it is something we are very proud of and focus on every day. For more information on mortgage products available, call 1-800-687-9020

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