.....and since the increase has been announced, the local RE agents are crying. LOL
Who is more self centered than a "greatest place on earth" Vancouverite? A real estate agent in Vancouver!
They seem to not understand that increases in interest rates is good - it means the economy is doing good! Any realtor that is crying about these increases only cares about themselves and not their clients because clearly all they can see is this hurting their own bottom line.
Can’t blame them, “now is the best time to buy” thats how they earn their living. It’s a conflict of interest, they are there to make the sale to get paid, if you get what you want thats just a bonus.
They dont have any fiduciary obligations.
What they need to do is make the database open to everyone, I should be able to see all listings.. sold prices etc etc. With Realtor.ca who the hell needs a real estate agent that cost them $30,000 in commissions.
Realtors should be like a consultant like a home inspector. One time fee of $1,000. I find the home I like and they do the due diligence, checking title, warn me of things like leaky condo. They get paid for their advice on a potential house buy. They get paid if its a buy or no buy that way there is no bais