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$7.5 Billion in fees
Did you know that approximately $7.5 Billion dollars was paid out, by Canadians, in 2009, for real estate fees? ….this amount quoted by Melanie Aitken, a lawyer serving as Canada’s Competition Commissioner.
October 28, 2010 | Permalink
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And banks each make upto $10 billion a year in profits. 5 big banks = $50 billion ...using your money to make it. Should we all put our money under the mattress?
So there were $7.5 billion in fees paid, that just means that the Canadian market is robust.
I find it ironic that this article is linked to a mortage broker talking about saving fees. Mortgage Brokers won't even divilge the fees that they make from the mortgages that they complete.
Posted by: Sherman | Nov 12, 2010 9:08:16 PM
But what value does an agent add to the world?
Posted by: Chris L. | Oct 29, 2010 1:53:52 PM
That sounds like a lot of money.
Derek H.
Posted by: Edmonton Real Estate | Oct 29, 2010 12:40:48 PM
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