The bottom-line on how agents get paid, their expenses, and how commissions sometimes lead to bad behaviour.
All tagged Real estate
The Benefits of a Mortgage Broker
Not sure whether to trust the Bank? What about a Mortgage Broker? We believe the benefits of using a mortgage broker are greater than going directly to a bank (or credit union).
How is a Mortgage Broker's Commission Calculated?
Compensation for mortgage brokers is typically a percentage of the mortgage amount. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
How is Real Estate Agent Compensation Calculated?
Compensation for buyer agents is a percentage of the home price and only paid on successful transactions. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
When will we stop Recycled Listings?
Recycled listings consistently skew statistics, like average days on market and sales-to-new listings, to make the real estate market look hotter so that home buyers will feel rushed and offer more money for their home than the true market statistics would support.
Two Decades of Vancouver Housing Crisis
Municipalities failed to deliver promised housing supply in 2018. The crisis will continue.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. We believe that the supply problem is real and could be worse than any of us imagined.
By 2021 Metro Vancouver housing stock will be short by 62,000 homes!
Metro Vancouver housing supply crisis is likely getting much worse.
The housing supply problem is bad, it’s real, and will likely get worse.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. We believe that the supply problem is real and could be worse than any of us imagined.
By 2021 Metro Vancouver housing stock will be short by 52,000 homes!
Metro Vancouver housing supply crisis is much worse than we originally thought.
By 2020 Metro Vancouver housing stock will be short by 47,000 homes! The housing supply problem is bad, it’s real, and will get worse.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing argument that the supply problem is a “myth”. However, our analysis at Mortgage Sandbox shows that the supply problem is real and could be worse than any of us imagined.
We need to settle this once and for all, so that government can act quickly to solve the housing crisis.