10 Dec 2020

As we try and erase 2020 from our memories and run head-first into 2021, I’m actually quite bullish and optimistic about the housing market in a way that I haven’t felt in years past. Here are my reasons why that is, and I want you to tell me why I’m wrong (nobody likes a debate…

01 Dec 2020

Quick! Tell me. What’s the average condo price today in 416? By doing a quick google search I found out it is $622,000 as of October 2020. (So?) So.. CMHC just announced on page 87 of this manual on how they will fight Covid-19 economically the following: The First-Time Home Buyer Incentive has gone UP from $505,000 to $722,000…

04 Jun 2020

News is coming out that CMHC may not change the 5% down rule, but may change how much of your income we can use to service the mortgage. This change will be equally onerous and destructive to first-time buyers since I don’t believe the Government can will prices to fall, therefore, buyers will remain renters until/unless…

20 May 2020

Holy ….. smokes.   Let me explain before I react.   CMHC is the government body that insures mortgages. To put it in the simplest of terms, when CMHC insures a mortgage, it means the bank essentially does not have any risk when it issues the loan. Of course there’s some risk carried by the bank but…

05 May 2020

First off – hope you’re all doing well. I know #COVID19 is not the best time for everyone out there. As the data keeps coming, things seem to get better, so let’s keep being smart and responsible! In the meantime… a rant. Why the hell are mortgage penalties so wildly different for the exact same…

02 Apr 2020

Ok. I get it. I know that most of you are going to be very angry at this post because it may seem like I am actually encouraging people to get out there and buy properties. I’m not. As a matter of fact, anyone who calls me asking for financing options, the first question I…

18 Mar 2020

As I wrote in my previous post, there is relief coming to help you with your mortgage, should you need it. I think a lot of people will jump at the chance. As a result, a lot of our lenders are going through extremely busy times. Let’s all be patient. In the meantime here’s a list…

18 Mar 2020

Welcome to the new normal. First, I want to acknowledge the strong leadership that we are seeing across all party lines. I want to say thanks to the thousands of Canadians who are working their butts off keeping us healthy and safe, at their own risk. The health-care staff, the operational staff, the store clerks,…

04 Mar 2020

Ahhh-chooo!! Not since 2008 have we seen a unilateral world-wide response to a global issue affecting our economy. Yesterday the Federal Reserve lowered rates by 1/2 in the US. Today, the Bank of Canada did what many thought there would be no chance of happening in 2020; Also cut rates by 1/2%. Here is what the Bank…

14 Jan 2020

It’s my first post of 2020 and already – just two weeks into the year – I’m angry, mad, and annoyed. Not a good way to start but when I read something that is fundamentally flawed based on one very important detail that makes the whole story, I have no other feelings other than simply: anger….