Angry Mortgage

Send us a textUnemployment hit 6.6% Is the Canadian Economy headed for the dreaded “R” Word? Shhhhhh…. Nah I will say it: RECESSION. One Employment Report does not mean Recession but a constant trend, and we’re 4 in a row is a bad trend & if it keeps heading past 7% then 8% is next in line. Ron breaks down the crucial indicators that point toward more job losses. Rates keep coming down, is there a new Rate Strategy for renewing mortgages & prospective House Buyers? And what happens to the Real Estate Market with Mortgage Rates Falling: Tik Tok Real Estate Agents say its going to the MOON! But let’s look at the facts. And Ron has a rant about “The Economic Plan IS Working” IS IT?Support the show

Send us a textThe Bank of Canada Meeting is Sept 4th & the Rate Cuts will keep on coming: how many should we expect? There is a lot of reporting “Noise” about the Canadian economy, what’s important, what’s not & how to tell the difference. The kids are back in school the Summer is almost over: The Fall Real Estate Market is about to start….. Or is it? Let’s discuss. RBC CEO Dave McKay declares a Mortgage Rate War! Is that true? Maybe it is. Viewer Mail & WTAF is going on with Government telling us things are great?Support the show

Jerome Powell, Chairman of the Federal Reserve, delivers key insights after a pivotal speech at the Jackson Hole conference. He indicates a strategic shift in economic policy, prioritizing cuts over inflation concerns. The conversation explores the potential re-emergence of variable mortgages as markets adapt. They also touch on the challenges faced by homebuyers who feel trapped in their homes, aimlessly navigate a changing mortgage landscape, and reflect on regulatory troubles at TD bank, underscoring the impacts of government inefficiencies.

Send us a textAnother Government Scandal? Has The Temporary Foreign Workers Program which has been great for years been hijacked into a kind of modern servitude? Has our Government actually engineered Wage Suppression to keep Canadians poor? Has this previously great program has turned into cheap workers for Fast Food restaurant owners? Jann is under the weather so Ghaith from our Sales Group fills in this week. More Mortgage Rate strategies. Viewer Mail. Housing Start info & WTAF!!Support the show

Send us a textWhat happens next as rates fall, will RE prices take off? What is the right mortgage product to choose today? Still 3 – YR? What about 1 – YR? Variable harmed many Mortgage Holders but is it time to reconsider? New Home Construction collapses in Ontario, what’s the reason? Is there a Solution? CMHC’s Multifamily Rental Program was doing some good so naturally it was changed for the worse. The soaring Rental Cost Virus goes from BC & Ontario to other provinces. Ron’s Rant: WTAF is with Promissory NotesSupport the show

Send us a textAre NEW 30 Year Amortization Changes Really Good For Anyone? We have our doubts! 4M New Homes says Finance Minister Chrystia Freedland, please Minister Freedland don’t say this lie anymore. RATES GO DOWN! Ron talks about developments in the USA that impact Canadian Mortgage Rates. Did the Supreme Court Of Canada just publish a decision that HELPS White Collar Crime? Ron thinks they did. BIG RANT: Private Mortgage Rip Offs that will make you sick. Support the show

Send us a textCondo Madness continues, will it get so bad that Government  would consider a Bail-Out, Ron’s simple answer: HELL NO, how bad will things get? Will the Ontario Economy gone past the Crapper Stage. Just how sure is it there will be a much lower Bank of Canada Rate next year? Pretty Damn Sure. Perilous times for the Construction Industry. And Ron’s Rant: Toronto wants to TAX PAVEMENT?Support the show

Send us a textHonestly there we many years that the mortgage business was pretty quiet & boring, 2010 – 2019 there were policy changes but nothing too crazy BOOM Covid happened & since then Real Estate & Mortgage World is something new every week.Canadian Retail Sales Report all bad news: Is the Economy sliding into the CRAPPER. Bank of Canada Announcement Tomorrow: do we already know what is going to happen? More Condo Craziness & will it spread to Single Family? Will Banks change their approach to Mortgage Lending in a Recession? Viewer Mail WTAF: Flood Insanity.Support the show

Send us a textIf interest / mortgage rates are going to this year & next year won’t Real Estate Heat up again? Will it be time to buy soon? Actually….. Maybe Not. We break it down. Should anyone pay $270K to GET OUT OF a Pre-Construction Condo Purchase? Looks like that’s a definite possibility: find out why. Mortgage Fraud Update: please let it end. Viewer Mail & WTAF: Why do we have Booze Communism in Ontario.Support the show

Send us a textUnemployment not good, Fixed Mortgage Rates edge up, we’re not sure we get another Rate Cut from the Bank of Canada in 2 weeks & Home Sales hit a 28 year low in Toronto. Hey Ron any good news: sure there is, its July & the weather is good. Stick around till then end for an EPIC rant about the 4M new homes that are an utter lie.Support the show