BESPOKE MORTGAGE GROUP
A relative newcomer to the mortgage industry, Ryan Dennahower’s passion for his chosen vocation is obvious.
“Prior to being a broker, I worked with TD Canada Trust in branch banking for six years,” he says. “I fell in love with mortgages, and I have a real passion for lending. My clients could tell I was really passionate about it when I spoke with them.”
Dennahower joined Mortgage Intelligence two years ago before moving to his current firm, Bespoke Mortgage, in January. The move was clearly a good one – halfway through the year, he has already matched his sales from 2015. His location in Toronto has been advantageous in that respect, but it’s not without its own challenges.
“It is definitely a really hot market, and that makes it extremely competitive and fast,” Dennahower says. “What I’ve found is that turnaround time and customer service are everything.”
While Toronto’s white-hot market is creating plenty of opportunities for brokers, it’s also cause for concern. “It drives a lot of first-time home buyers out,” Dennahower says. “Most first-time buyers now need help from their parents or other family members, whereas in the past they could have done it themselves. A lot of people are making the decision to buy based on the rates, so it’s going to be an interesting couple of years to see where the rates go.”