Angry Mortgage

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

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