Angry Mortgage

Send us a textCanadians are hearing a lot of warnings about Fixed Mortgage Rates going up. Is it true? Will Fixed Rates Go Up? They actually have already by a tiny amount but is that just noise of the start of a Trend Upwards. We do the analysis & figure out what’s really going to happen. The incredible Canadian Immigration Disaster: What happened? What went wrong? What’s going to happen next? Viewer Mail: Does Parental Leave effect Mortgage Qualification? And the Rant of the Week: Can we really build anything anymore: The Unfinished LRT’s 14th Birthday & the Bullet Train straight to Hell Support the show

A humorous travel recap kicks off the discussion, weaving lighthearted anecdotes with a deep dive into politics. The speakers analyze recent election results in the U.S. and their potential parallels in Canada. A shocking tale emerges about a company that inflated prices by 800% for real estate software, impacting homebuyers significantly. They also tackle the complexities of breaking mortgages, rising market uncertainties, and challenges in reshoring manufacturing amid global tensions. The episode closes with urgent issues facing indigenous businesses in government contracts.

Send us a textA lot Has Changed For The Big 5 Banks Since 2016: And They Did VERY WELL. B-20 Restrictions & then B-21 & then Stress Test increases & host of rules designed to tighten down on how Banks can lend had the amazing result of creating Super Select Borrowers for the Big Banks, so far during a massive increase in Rates & a tightening Canadian economy 90 Day Default Rates have remained mind bogglingly low at 22 to 24 bps. Frances & Ron review just how different mortgage lending was before 2016. Fresh economic news support Bank of Canada Rate Drops. Ontario Housing Starts Collapse based on the Province’s own Fall Economic Statement (forget Ford’s promise of 1.5M new homes)   Support the show

Rob Campbell III, a seasoned mortgage broker from Guelph, Ontario, returns to share insights into the evolving mortgage landscape. He discusses the potential for Emergency Rate Cuts in December and the implications of recent CMHC rule changes. Rob dives into how these shifts could impact real estate prices and rental rates amid surprising immigration policy changes. He also candidly critiques Ontario's political decisions affecting the housing market and the challenges first-time homebuyers face in today's economy.

In this insightful discussion, Daniel Foch, a real estate researcher and analyst specializing in development, shares his expertise on the looming Toronto condo crash. He breaks down alarming statistics about thousands of condos set to close soon, posing the critical question of whether buyers will face swift or slow financial losses. The conversation also explores rising construction costs, emotional stress for homeowners, and historical parallels to past market bubbles. Foch's analysis emphasizes the precarious state of the market and potential future bargains.

Send us a textThe new CMHC Program has driven a small group of Realtors WILD, way to much rule twisting. If we are going to DOUBLE the CMHC limit & allow it on Refinance (YIKES) lets PLEASE bring an end to Mortgage Document Fraud. It’s just TIME, there is too much RISK with $1.9M loans (including Insurance Premium) Hey Federal Government take the pledge: CRA linkage NOW. Turns out 45 year olds who bought a house 6 years ago want prices to go up! Bad News at TD  Bank. Private Mortgage Defaults SURGE. And GOLLEE Premier Ford can we please get some houses built?Support the show

Delve into the chaotic world of variable rate mortgages as interest rates fluctuate steeply. Discover how the condo market faces impending doom, with the possibility of no new condos in five years. Explore the absurdities of pop culture intertwining with serious politics, highlighting generational disconnects. Understand the intricacies of mortgage insurance and predict future rate changes. Finally, critique Toronto's urban infrastructure, pinpointing urgent needs amid rapid population growth. It's a wild ride through housing and financial dilemmas!

Send us a textNo Stress Test On Renewals coming soon. We have the details & the reasons  Mortgage Rates Keep Falling, 3.99% on CMHC 5 – Yr Fixed, when do all mortgage terms start with a 3? It’s possible to make mistakes on Mortgage Terms and Deadlines for Rule Changes: Let’s review how it all works & avoid any costly errors. And Ron’s Rant about $68M in Tax Payer dollars just LIT ON FIRESupport the show

Send us a textQuite a week in Mortgage World, we cover the Big CMHC announcement, who is it all really for? So many big moves on the Rate Front: the US Fed rocked interest rate world & BoC Governor Tiff Macklem was ecstatic (even if he won’t admit it) Some really interesting Viewer Mail: Why the Hell AREN’T those Variable mortgage payments coming down when the Prime Rate IS coming down. And Ron’s Rant: Do Government Bosses give a tiny DAMN that they work a snail’s pace, don’t expect Government workers to pick up the slack for bad bosses failures.Support the show

Send us a textWow, this was a total shock, the Federal Government kept this under wraps: CMHC Amortization From 25 years to 30 years for EVERY First time Home Buyer not just New Construction Homes but the BIGGEST thing $1.5M instead of $1M Cap on Government  Insured Mortgages. Yes Folks, a $1.5M home in Canada is actually a STARTER HOME. Because the truth is if the Key Government Sponsored Housing Programs is based on $1.5M, the program Canada designed to help Young Families buy their first home needs a $1.5M target as a First Home. WTAF is wrong with these guys.Support the show