Challenger, Gray & Christmas, Inc.’s Post

🏠✨ Myth Buster: Will Canadian Homes Really Get Cheaper? 🚨 Hearing buzz about home prices dropping due to a potential recession? 📉 Let's get real: Even if Toronto homes become $340K less expensive, mass layoffs could mean most people still couldn't afford them. 💸 The solution? Build more houses. 🏗️ It's not instant, but it's our best shot. What do you think is the key to affordable housing? Share your thoughts below! 🤔💬 #OakvilleRealEstate #SellFast #BuySmart #RealEstateTips #InvestSmart #HomeInspection #RealEstateJourney #SmartInvesting #HomebuyingJourney #HomeSellingExpert #sellyourhome #royallepageoakville #royallepage #sellingrealestate #homeselling #homesellingtips #readytosell #realestateexpert #ontariohousingmarket #royallepageoakpark #realtor #realestateinvesting #sellingrealestate

Hey Peeps, 👀 From renter to homeowner: Upgrade your life, not just your space because 'home' is where the WiFi automatically connects, invest wisely! Here are some things to remember once you start look for a home. 1: NEVER quit your career, switch jobs, or experience any abrupt layoffs. 2: NEVER finance any kind of car. 3: AVOID using excessive credit card charges and allowing your accounts to get past due. 4: AVOID using the funds you have reserved for closing. 5: AVOID purchasing furnishings 6: AVOID initiating any credit inquiries. 7: Consult your loan officer before making any sizable monetary contributions. 8: NEVER cancel an existing bank account or open a new one. 9: NEVER co-sign someone else's debt. Invest in joy: Purchase a home, embrace the journey home! Give this to a buddy who is trying to buy a house! #buyingahome #buyingahouse #buyingtips

“Why More Layoffs Would Be Good.” This is sick, twisted and demented. I get it. But, anyone who is looking for more affordable housing should be wishing for unemployment to increase. That is…as long as they are not the one’s being let go. Simply put, as the unemployment rate in the U.S. increases to 4.1% - 4.3% we will see the Federal Reserve change their stance on their current monetary policy. When that happens, borrowing costs will go down. This will make credit card payments cheaper, lower student loan payments, reduce the financing charges on auto loans and drive mortgage rates down which in turn makes homeownership more affordable and more attainable.  . . . #homeaffordability #mortgagelender #interestrates #unemploymentrate #housingnews #loanofficer #podcast #realestate #mortgageloanoriginator #homebuying #federalreserve #loanoriginator #youtubechannel #tloponline #mortgageloanofficer #spotifypodcast #realestatemarket #applepodcast #homeloans #mortgageindustry #homeownership

It breaks my heart to see GREAT Mortgage Ops struggling to get their career back on track after industry-wide layoffs. You've made this your career and you're the best at what you do. But you are frustrated by a lack of new opportunities. Here is my advice, which will likely land you a job this week: Use your influence and history as a pro to gather a few Producers that would love to partner with you. Instead of forwarding your resume, present yourself to potential companies as an industry veteran partnered with professional producers. How do I know this will work for you? Because I want to be your first call. Hope this is helpful! Have a great week! Darren

“First Time?” I’ve heard from a few friends this year who got the axe. I’ve been through it several times, so here’s my advice: it doesn’t matter. “It wasn’t about you.” - The business made a shift or maybe someone made a mistake up the chain and you’re paying the price. It doesn’t really matter. Most of the time it isn’t about you personally so don’t take it personally. “It was about you.” - I’ve been here too, multiple times. 😂 Hey, maybe you messed up or maybe you just pushed your luck a little too far. Either way it doesn’t really matter. You’re on the other side of it now. The big thing is that you just take your licks and move along. Consider your options and make sure you damn well get as much out of the experience as possible. Don’t ruminate or go through dumb scenarios about what should’ve/could’ve been. You can’t fix it. Do not spend one second thinking about the people who did you wrong. They’re not going to pay your mortgage, so they sure as hell shouldn’t live rent free in your head. After a little time, you’ll probably realize you were unhappy anyway and that the axe is a gift. Someone else made the decision for you. The main thing is that none it really matters. What matters is how you face the next day and every day after that. Now you get to do something positive for yourself and focus on the future. #layoffs

I lost my job after having the highest years of sales in my entire career.... At this point, it's no secret what's going on in the mortgage industry. With interest rates and home values soaring, deals slowed down, and layoffs began. Despite the uncertainty, I stayed with my company, hoping for the best but preparing for the worst. Having dedicated seven years to that company, I had grown attached. I observed the waves of layoffs with a heavy heart, each round of cuts a stark reminder that my position could be next. The constant uncertainty took its toll; I lost sleep, was afraid to spend money, hoarded my PTO, and my anxiety went into overdrive. This pushed me to start Hidden Gem Communications, LLC as a side hustle, a decision that ended up being a lifeline, when my division inevitably was shut down. My side hustle kept my family financially stable during tough times. This experience taught me the value of building a personal brand online, regardless of your current success. Establishing yourself as an expert in areas you're passionate about isn't just about starting a business; it's about ensuring you stand out to potential recruiters, employers, clients, and referrals, especially in uncertain times. As many talented mortgage professionals find themselves searching for new opportunities, it's a reminder to all industries: diversify your skills and build your personal brand - we are all one bad market away from closed doors. Why wait for that day to start building your online presence? Also, for those hiring, remember the wealth of expertise these mortgage professionals bring to the table. Now is an excellent time to consider how their skills and resilience can benefit your organization.

Navigating Industry Changes: Your Career Matters In the ever-changing landscape of the mortgage industry, I've noticed recent shifts that may be impacting your professional journey. If you find yourself amid a wave of changes- whether due to consolidation, layoffs, or shifts in compensation- consider taking a moment to connect. I'm not here to recruit you for a specific company like many others reaching out. Instead, let's have a candid conversation about your career path. If you return one phone call or text today, make it mine. In just 5 minutes, I'll share how we stand out and what we can do uniquely for you. Your career deserves attention, and I'm here to provide insights tailored to your needs. #MortgageIndustry #CareerInsights #YourCareerMatters Marc Reich Cory J. Carroll Brian Boyles Tom Middleton

Unexpected costs can have a massive impact on your family. Layoffs? HVAC need replaced? Surprise car repair? An emergency fund with up to six months of expenses should be your first line of defense. But that’s not always an option. A HELOC can be an alternative safety net. Preparing for the unexpected should be a part of any financial plan.

Mortgage rates will tick down this morning

This poignant article provides insights on the insensitivity often displayed when comforting individuals facing layoffs. Drawing from personal experiences, the author warns against dismissive phrases like, "It's no big deal" and advises against offering hollow assurances. Instead, the author advocates using empathy, acknowledging the personal impact of job loss, and providing genuine support during this challenging time. #layoffs #besupportive #jobsearch