Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Albertan agents seek increase in HBP

Notify me of new replies via email
Real Estate Professional | 23 Sep 2015, 08:15 AM Agree 0
An expanded HBP could make a real difference to the economy during this difficult time, say Edmonton-area agents
  • Robin Telfer - RE/MAX Real Estate (Central) | 24 Sep 2015, 05:24 PM Agree 0
    The real issue is not the deterioration of the maximum $25,000.00 amount. The real issue is the exploding real estate values that are not sustainable with current wages and salaries. We as REALTORS® are more than happy to accept increased commissions with those higher real estate values, but we fall short of accepting responsibility for increasing those values through our collective marketing and sales activities. Cheap money is also driving the increased prices, but what scenario will we face when lending rates go double digit? In Alberta, I look forward to a proper correction in real estate value and I wish it upon Toronto and Vancouver as well.
Post a reply