Banks often steer clear of financing rural properties because things like septic tanks and adjacent farms are issues they don’t understand. “It is stuff the banks could do (learn) but the market isn’t large enough,” says Matthew Robinson.
Due diligence is required before helping your clients choose a mortgage. “You want to make sure that they are established and that they have access to the best lenders and lender status programs,” says Rob McLister.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.