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From an interview with BNN Bloomberg:
Mary Saleh, a Vancouver-based realtor, is feeling the pressure of growing competition in the city's slowing housing market.
Mary Saleh, an 18-year veteran realtor currently with RE/MAX also feels the pressure of growing competition.
“A lot of buyers or investors have lost faith,” she said in a phone interview. “Affordability is one thing but financing is the bigger issue.”
Saleh is referring to the B-20 guideline implemented by the Office of the Superintendent of Financial Institutions (OSFI) in early 2018. The rule imposed new stress tests for uninsured mortgages, where the borrower makes a down payment of at least 20 per cent on the purchase of a home.
“I don’t understand what the government is trying to gain here,” she said.
Despite her extended use of social media to build clientele, Saleh’s doing something she’s never done before – knocking on doors in her Vancouver neighborhood of Commercial Drive.
Saleh says she’s also now receiving invitations from developers with a chance to win a Louis Vuitton handbag or a Rolex watch. Wiens also said he’s experienced developers trying to woo potential buyers with fancy events and free booze.
A large portion of our business comes from satisfied clients who recommend our services to their friends, family, & associates. Referrals are an immense endorsement to our team and in appreciation and ‘thank you’ the Mary Saleh team awards a gift for every referral that you send to us.
If your referral ends in a purchase or a sale, you will receive a cash referral of $500.00 OR we will donate $500.00 to the charity of your choice in your name! Simply email your referral contact information to email@example.com and we will take it from there. Your referral contact will receive the excellent Real Estate service that I am known for.