24 Aug 2021

The single biggest winner in this upcoming election will absolutely be the homebuyer. I have never seen so much attention paid to the housing market in any political elections of any level than what we are seeing today. It’s literally going to be a #RealEstateBonanza. Last week, the Conservative Party put down a proposal that,…

16 Aug 2021

Surprise! We have a Federal Election coming up on September 20th 2021. That’s only 35 days! Incredible when you compare Canadian to US elections how quickly they happen here, isn’t it? In this post I am going to review and comment on the Conservative Party Platform, specifically to comment on their HOUSING PLAN. This is…

01 Apr 2021

Have you noticed lately that the headlines in today’s media are aimed squarely at our real estate market? Have you noticed how each article seems to paint real estate either in a negative light, the worst decision ever, you don’t want it anyways, or the best one yet: It is unpatriotic of you to not…

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…