Angry Mortgage

Send us a textOur special Guest is the Founder of Veritas one of the original Independent Financial Research Firms in Canada. Anthony is one of the few Researchers who employes Street Level investigations to reveal the truth about markets: wait till you here the story of going out & buying Condos to understand the sales tactics used by Developer’s Agents, the make-up of the Buyer Pools & the Psychology of the Condo Market place. We review the current Toronto Condd Crisis, the effects of REVERSE Immigration & what the Condo Crash means to the Big Banks. Thoughts on the Future of the Canadian Economy. Are we the midst of a Made in Ontario Recession?Support the show

Samantha Power, a mortgage broker and social media expert renowned for her TikTok influence, discusses the nuances of social media marketing and its role in the mortgage industry. She examines the aftermath of recent Canadian mortgage guidelines and questions why rural homes can be more expensive than city properties. The conversation covers financial literacy challenges for younger generations, the importance of honesty in online communication, and the impact of social media on various demographics, advocating for a more supportive online environment.

Send us a textBad Jobs Report up to 6.8% worse news for Ontario: 7.6%, only Alberta & Quebec created any employment growth. Bank OF Canada Announcement on Wednesday: Will they cut 50 BPS? Many think so. 25 BPS is guaranteed. Much MORE important the cuts will keep coming, expect a 2.50% BoC rate by Summer 2025. Let’s get clear, the correct answer to 75% of the “Which Mortgage” question is Take Variable. We will here a lot about the Falling Canadian versus US Dollar but let’s be clear: The BoC will let the currency go to pump the failing economy.Support the show

Send us a textWe made it to 100 which is quite an accomplishment for an old guy. Big News on Mortgage Rates, how fixed rates & Variable are diverging at this moment in time. How much? What’s the right strategy, Ron Breaks it down. Will the Bank of Canada continue to cut? Ron gives his reasons. New sneaky elements to the Toronto Condo Crash, what if the Developer offers a $50K Credit to Pre-Con Condo Buyers who refuse to close? As long as they don’t tell everyone else who is closing at Full price? And what the hell is LTI Portfolio Testing & what will it do to mortgage rates?Support the show

Send us a textNo Stress Test On Renewals is the good new story of the Week, we dig into the details. We need to improve the ability for people with renewing mortgages to SHOP. In a country with just 6 Big Banks running the mortgage business its critical to be to shop for a better rate at point a mortgage renews A major step forward on ending Mortgage Document Fraud in Canada: are we close to getting this fixed or will there be more stalling, Ron breaks it down. Vince relates the difficulties, Red Tape, confusing rules & general lack of interest of the City Bureaucracies in trying to build exactly want the City Council has DECLARED they want to build. How crazy government Bureaucracy screws up every good thing. Ron’s Rant: the $6 BILLION DOLLAR BRIBE. Will Canadians sell their votes for $250 Bucks?Support the show

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.