Canadians scooping up US real estate deals! – Dominion Lending Centres ClearleaseCanadians scooping up US real estate deals! – Dominion Lending Centres ClearleaseCanadians scooping up US real estate deals! – Dominion Lending Centres Clearlease

Canadian scooping up US real estate deals! – Dominion Lending Centres Clearlease

CALGARY, ALBERTA (April 18, 2011) Clearlease.com Reports A soaring Loonie has lifted the bottom line for Canadian brokers helping snowbirds take equity out of their Canadian properties to invest stateside, specifically in the deflated South Florida market.

“I don’t necessarily want more competition,” AMP Mike Jarrett, head of Tarrexx Consulting, told MortgageBrokerNews.ca, “but this is, because of the high Canadian dollar and the deflated prices in South Florida, a growing niche area for brokers with the skills and the connections to facilitate these transactions.”

That may, in fact, be an understatement.

A new survey from BMO Bank of Montreal finds that lower home prices and a strong Canadian dollar have renewed interest in U.S. property, with one in five Canadians now considering such a purchase.

Winnipeg-based Jarrett – and the handful of Canadian mortgage professionals who specialize in helping clients win refinancing before steering them through a convoluted buying process – has seen a double-digit uptick in interest as the Loonie holds onto its gains.

The rise only compounded Canadian interest following the collapse of the U.S. housing market. Properties across Southern Florida are still selling at 38 percent to 62 percent off of their pre-recession values. Tampa, for example, is down 44 per cent, Miami, closer to 50 per cent, depending on proximity to the coast.
“In many cases, we’re now seeing clients revisit the idea of purchasing properties they’d passed on before the Loonie’s rapid rise,” said Scott Bentley, with Verico Premiere Mortgage in Halifax.

Late last year, the Canadian dollar stepped out from the shadow of its big American brother. It would eventually climb above $1.04 U.S, although it now sits slightly down from that 40-month high, at 103.94 cents. Most economists predict it will remain above par until the second half of the year.

That’s likely enough time for thousands of Canadian retirees to get in on the U.S. market.
Jarrett and Bentley are now claiming the cut of those transactions that would normally go to U.S. mortgage brokers and the big Canadian banks with American operations. Broker remuneration varies from upfront and closing fees for refinances to consultation charges on multi-unit investments during due-diligence review periods. Regardless, brokers encourage clients to pull equity out of their Canadian properties to fund their U.S. purchases.

“My recommendation is for the clients to pay cash,” said Jarrett, who draws most of his accounts through word of mouth. “The best way to do that is to refinance their homes here in Canada.”

The Canadian specialist then leverages his connections in South Florida real estate to identify properties, win appraisals and title insurance, find legal representation and move to closing. Even a straightforward deal can take up to two months given heightened federal and state regulations. The process is also fraught with potential pitfalls for clients trying to steer clear of troubled developments permanently impaired by massive foreclosure rates and perennially underfunded condominium associations.

In some cases, Canadian brokers are also helping clients get financing, largely through RBC, BMO and TD Bank’s U.S. operations. Collectively, they control more than 200 branches in Florida, alone.

“It’s a great and potentially rewarding niche,” said Bentley, who has worked as a broker in both Nova Scotia and Florida. “But it’s not for every Canadian broker. You have to have the market expertise and connections on the ground in Florida to be in the position to best represent clients, in many cases looking at distressed properties and the potential dangers.”

He argues the Florida market may take as long as five to seven years to recover in some submarkets, giving Canadian investors – as well as Canadian brokers – a window of opportunity.

“However, buyers who wait too long may find themselves out of luck,” said Bentley, “considering the increase in international buyers looking for the same bargains Canadians are.”

While Canucks represent the second largest group of foreign property buyers in South Florida, Venezuelans are now number one, according the most recent statistics.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Canadian scooping up US real estate deals! - Dominion Lending Centres Clearlease

VANCOUVER (April 18, 2011) Clearlease.com Reports A soaring Loonie has lifted the bottom line for Canadian brokers helping snowbirds take equity out of their Canadian properties to invest stateside, specifically in the deflated South Florida market.

“I don’t necessarily want more competition,” AMP Mike Jarrett, head of Tarrexx Consulting, told MortgageBrokerNews.ca, “but this is, because of the high Canadian dollar and the deflated prices in South Florida, a growing niche area for brokers with the skills and the connections to facilitate these transactions.”

That may, in fact, be an understatement.

A new survey from BMO Bank of Montreal finds that lower home prices and a strong Canadian dollar have renewed interest in U.S. property, with one in five Canadians now considering such a purchase.

Winnipeg-based Jarrett – and the handful of Canadian mortgage professionals who specialize in helping clients win refinancing before steering them through a convoluted buying process – has seen a double-digit uptick in interest as the Loonie holds onto its gains.

The rise only compounded Canadian interest following the collapse of the U.S. housing market. Properties across Southern Florida are still selling at 38 percent to 62 percent off of their pre-recession values. Tampa, for example, is down 44 per cent, Miami, closer to 50 per cent, depending on proximity to the coast.
“In many cases, we’re now seeing clients revisit the idea of purchasing properties they’d passed on before the Loonie’s rapid rise,” said Scott Bentley, with Verico Premiere Mortgage in Halifax.

Late last year, the Canadian dollar stepped out from the shadow of its big American brother. It would eventually climb above $1.04 U.S, although it now sits slightly down from that 40-month high, at 103.94 cents. Most economists predict it will remain above par until the second half of the year.

That’s likely enough time for thousands of Canadian retirees to get in on the U.S. market.
Jarrett and Bentley are now claiming the cut of those transactions that would normally go to U.S. mortgage brokers and the big Canadian banks with American operations. Broker remuneration varies from upfront and closing fees for refinances to consultation charges on multi-unit investments during due-diligence review periods. Regardless, brokers encourage clients to pull equity out of their Canadian properties to fund their U.S. purchases.

“My recommendation is for the clients to pay cash,” said Jarrett, who draws most of his accounts through word of mouth. “The best way to do that is to refinance their homes here in Canada.”

The Canadian specialist then leverages his connections in South Florida real estate to identify properties, win appraisals and title insurance, find legal representation and move to closing. Even a straightforward deal can take up to two months given heightened federal and state regulations. The process is also fraught with potential pitfalls for clients trying to steer clear of troubled developments permanently impaired by massive foreclosure rates and perennially underfunded condominium associations.

In some cases, Canadian brokers are also helping clients get financing, largely through RBC, BMO and TD Bank’s U.S. operations. Collectively, they control more than 200 branches in Florida, alone.

“It’s a great and potentially rewarding niche,” said Bentley, who has worked as a broker in both Nova Scotia and Florida. “But it’s not for every Canadian broker. You have to have the market expertise and connections on the ground in Florida to be in the position to best represent clients, in many cases looking at distressed properties and the potential dangers.”

He argues the Florida market may take as long as five to seven years to recover in some submarkets, giving Canadian investors – as well as Canadian brokers – a window of opportunity.

“However, buyers who wait too long may find themselves out of luck,” said Bentley, “considering the increase in international buyers looking for the same bargains Canadians are.”

While Canucks represent the second largest group of foreign property buyers in South Florida, Venezuelans are now number one, according the most recent statistics.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Canadian scooping up US real estate deals! – Dominion Lending Centres Clearlease

CALGARY, ALBERTA (April 18, 2011) Clearlease.com Reports A soaring Loonie has lifted the bottom line for Canadian brokers helping snowbirds take equity out of their Canadian properties to invest stateside, specifically in the deflated South Florida market.

“I don’t necessarily want more competition,” AMP Mike Jarrett, head of Tarrexx Consulting, told MortgageBrokerNews.ca, “but this is, because of the high Canadian dollar and the deflated prices in South Florida, a growing niche area for brokers with the skills and the connections to facilitate these transactions.”

That may, in fact, be an understatement.

A new survey from BMO Bank of Montreal finds that lower home prices and a strong Canadian dollar have renewed interest in U.S. property, with one in five Canadians now considering such a purchase.

Winnipeg-based Jarrett – and the handful of Canadian mortgage professionals who specialize in helping clients win refinancing before steering them through a convoluted buying process – has seen a double-digit uptick in interest as the Loonie holds onto its gains.

The rise only compounded Canadian interest following the collapse of the U.S. housing market. Properties across Southern Florida are still selling at 38 percent to 62 percent off of their pre-recession values. Tampa, for example, is down 44 per cent, Miami, closer to 50 per cent, depending on proximity to the coast.
“In many cases, we’re now seeing clients revisit the idea of purchasing properties they’d passed on before the Loonie’s rapid rise,” said Scott Bentley, with Verico Premiere Mortgage in Halifax.

Late last year, the Canadian dollar stepped out from the shadow of its big American brother. It would eventually climb above $1.04 U.S, although it now sits slightly down from that 40-month high, at 103.94 cents. Most economists predict it will remain above par until the second half of the year.

That’s likely enough time for thousands of Canadian retirees to get in on the U.S. market.
Jarrett and Bentley are now claiming the cut of those transactions that would normally go to U.S. mortgage brokers and the big Canadian banks with American operations. Broker remuneration varies from upfront and closing fees for refinances to consultation charges on multi-unit investments during due-diligence review periods. Regardless, brokers encourage clients to pull equity out of their Canadian properties to fund their U.S. purchases.

“My recommendation is for the clients to pay cash,” said Jarrett, who draws most of his accounts through word of mouth. “The best way to do that is to refinance their homes here in Canada.”

The Canadian specialist then leverages his connections in South Florida real estate to identify properties, win appraisals and title insurance, find legal representation and move to closing. Even a straightforward deal can take up to two months given heightened federal and state regulations. The process is also fraught with potential pitfalls for clients trying to steer clear of troubled developments permanently impaired by massive foreclosure rates and perennially underfunded condominium associations.

In some cases, Canadian brokers are also helping clients get financing, largely through RBC, BMO and TD Bank’s U.S. operations. Collectively, they control more than 200 branches in Florida, alone.

“It’s a great and potentially rewarding niche,” said Bentley, who has worked as a broker in both Nova Scotia and Florida. “But it’s not for every Canadian broker. You have to have the market expertise and connections on the ground in Florida to be in the position to best represent clients, in many cases looking at distressed properties and the potential dangers.”

He argues the Florida market may take as long as five to seven years to recover in some submarkets, giving Canadian investors – as well as Canadian brokers – a window of opportunity.

“However, buyers who wait too long may find themselves out of luck,” said Bentley, “considering the increase in international buyers looking for the same bargains Canadians are.”

While Canucks represent the second largest group of foreign property buyers in South Florida, Venezuelans are now number one, according the most recent statistics.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



Site Map | Privacy Policy | XML Sitemap | Terms of Use | Equipment Lease Financing RSS Feed

© Copyright 2015 - Clearlease.com - Independently Owned & Operated
All trademarks are the property of their respective owners. All Rights Reserved.
This is not a commitment to lend. Home mortgages are subject to underwriting review and approval. This is a free no obligation service.
Yahoo®, Google®, Bing ® are trademarks of their respective owners.
REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
The MLS® is a Trademark of Multiple Listing Service, Inc.
All Commercial Mortgage and Residential Mortgage Loan Applications are processed by Dominion Lending Centres Commercial Capital Inc.
DLC® is a Trademark of Dominion Lending Centres, Inc.
All Automobile Loan & Lease Applications are funded by the Funder.
No part of this content, data or information included herein may be reproduced, republished or redistributed.


Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver
Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver