Angry Mortgage

Send us a textRealosophy RealtyHaving John on the Pod was breakthrough in thinking about the true reasons behind Batshit Crazy House Prices in Canada. Has the mindset of Homes as an INVESTMENT & all that comes with that thinking created an environment of never ending price spirals. How Canada's last big Housing Crisis in 1946 - 1956 was solved without any home price increasesSupport the show

Send us a text#1 Insolvency Trustees In Ontario Scott is a return guest with extremely timely updates on Insolvency Trends in in the Province. Hoyes Michalos is the top Consumer Insolvency Firm in: they have the best dataTruly awful Trends:Massive Increase In Homeowner Insolvencies CRA goes wild - an extreme increase in Aggressive CollectionsCredit Availability has DRIED UPIndicators of the future right hereSupport the show

Send us a textHere's What's New Ron & Sacha review the Breaking News on Mortgage Rates. Canadian 5 - Yr Bond Yields push 5 - Yr Fixed Rate Mortgage in the low 4% Range, the Sweet, SWEET 3.64% 5 - Yr Fixed Rates are gone, is it time to Switch Back to VariableAlso a flurry of house purchases in a really terrible Resale Market: what going on? It's Interesting: all the purchases were LESS than the list pricesAnd Ron has a message for BC Premier Dave Eby..... not a nice one Support the show

Send us a textWant to Build Your Own House?Derek is the President of Westboro MIC & one of their Specialties is providing Construction Mortgages to Ontarians to build their own homes. It's complicated, the Borrower needs a lot of cash to get started & should be prepared to for a complex process to finish but it's possibleRon & Derek cover the Private Lending landscape in detail Support the show

Send us a textNobody Knows Real Estate Like An Expert LenderNick Is one of the very top Equity Lenders in CanadaHis Company RiverRock Mortgage Investment Corporation is one of the best run operations in OntarioRon & Nick break down Product & Regions in Real Estate & Mortgage all across Ontario Support the show

Send us a textOn The Street Mortgage Broker Feedback Rob is one of our favorite guests & this Pod is so damn funnyWhat's going on in Mortgage World: Purchases way down, Renewals & Refinances way upHow the economy impacts on Mortgage Choices & it is really starting to go in directionWhat should we expect from the economy in the next 2 quartersAnd GOD SAVE KING CHUCK Support the show

Send us a textWhat A Finish!One of the most hard fought & important elections in generations comes to a close & some people are cheering & others in tearsAnd Real Estate in Ontario in particular is entering a new phase of worries & most importantly the need for urgent attention to Low Rise Housing development had never been more compellingRon really loses it on the insanity of the Greenbelt Support the show

Send us a textTrump Moves Mortgage Rates In CanadaSweet Jiminy Crickets who would have thought a US President could swing Mortgage Rates so far, so fast: Ron covers it. What happens April 16th? What will the Bank of Canada do? Cut or hold? Where will Prime go during the yearWhat are the 3 biggest lies in the Mortgage business: we have lots more than 3 and we are going to cover them allAnd Ron's Gross Rant: the craziness of Politicians promising to build 500K Homes a year  Support the show

Send us a textA real pleasure to have Legal Closing Founder & Ace Real Estate lawyer on the ShowThis is the ultimate Deep Dive on the 416 Condo Crash & it's all the gritty details, we will go all the way back to 2010 & track every step on the road to the Disaster Toronto Dog Crate Condos face in the next 24 monthsBig Episode but we'll worth it Support the show

Send us a textCanada's Economy in the Crosshairs, the constant assault of the Trump Tariffs / Trade War looms over every strategic thought in Canada today & the uncertainty of the future of auto parts & car assembly plants can change the Bank of Canada's approach to Rate Cuts in a huge wayWhat happens on April 16thWill Inflation come backWhat Mortgage Rate to takeLet's get into it Support the show

Send us a textReally a privilege to have Julian on the Pod, CAPREIT is the largest Landlord in Canada & the spotlight on affordable Rental Housing is bigger than everWe cover: - Why huge professional Landlords just make more sense - Why Renters may be much better off with REIT managed properties than Mom & Pop Landlords- The coming 416 Condo Crash & the implications for the Rental Market- How Dog Crate Condo reductivism betrayed Renter & Investors Support the show

Send us a textWe break down last week's BoC Rate Cut & the future of Mortgage Rates for the next few monthsHow does it affect the Housing Market moving forward? Because there is a lot going on in Real Estate! Listings are piling up, sales have fallen off a cliff,  Mortgage Underwriting is tightening upWe are entering into a whole new world of Real Estate in CanadaAnd Ron had a HUGE rant to make Support the show

Send us a textAll about Commercial MortgagesFor the first time on the Pod a deep dive on the Commercial Mortgage MarketWhat are the trends, what's the Outlook, what to expect next yearThe effect of the Trump Tariffs are highly impactful on the Commercial Mortgage World. Vanessa discusses how just the FEAR of a Trade War is rippling through Canada: just how hard will it be to get a Commercial Mortgage done? Support the show

Send us a textThe CEO of the largest Residential Real Estate lawyer in Canada Axess Law is our guest & do we have some interesting facts about Fraud attempts at the Lawyer's OfficeElder Abuse is off the charts when it comes to adult children trying to take advantage of elderly parents through Title & Mortgage Fraud & the stories about FAKE Wives are both sad & hilariousWelcome to the world of RE law that you have never known before Support the show

Send us a textAnd why does it take so long to get anything in Ontario approved: I have the right person to give those answers.Our Special Guest Ian Jones has nearly 60 years of experience building Condo, Commercial Mixed Use & you name it in North America He had lived through the highs & lows of those 60 years of Building & Development in Ontario & no one can tell the story of the coming Condo Crash, the relentless challenges of Government induced expense & complexity better than IanSupport the show

Send us a textToday Fixed Mortgage in Canada have become a part of the ever changing, never calm, always in turmoil world of Donald Trump: Tariffs ON / Tariffs OFF / Tariffs for the Whole World. And throw in some US Federal Reserve Chairman Powell for a bit of extra action. Canada Bond Yields & Fixed Rates fell 2 weeks ago & 3.94% 5 – Yr Fixed Rates popped up everywhere, a week later Bond Yields retraced 20 bps & very low 4% became more normal. Let's assume after Jerome Powells Hawkish stance that the US Fed has stopped Cutting for awhile (don't believe the no cuts for a year stuff)On the Canadian Housing front although Detached Sales showed signs of Life the Future of Pre-Construction Dog Crate Condos in 416 looks dark indeed. And in BC Premier Eby who was a leader in the fight for affordable housing is feeling the heat of a Big Budget Deficit. And Ron's Rant points towards the future of Canadian Jobs & Economic well being.Support the show

The big story of last week in Real Estate was a big downward shift in Fixed Mortgage Rates in Canada. Many Fixed Rates dropped below 4% with brief flashes of 3.84% on CMHC purchasesSome Conventional Rates under 4%BIG DIFFERENCE from 4.59% - 4.39% just 2 months ago. Does this mean now is a good time to buy a house? MAYBE But with the return of the Trump Tariffs a possibility is buying a home today to chancyAnd welcome Jeanine Borges our Butler Mortgage Office Manager to the Podcast & NO she didn't lose a bet with Sacha  

When we record the Pod on Friday there was still debate when Tariffs will start & whether Oil & Gas would be a carve out but please hear this: the volatility on Mortgage Rates is big. Huge fluctuations in 3 & 5 year bond yields are creating a Roller Coaster effect which may lead to lower rates this weekResale Purchase business had ticked up in January but still tons of listings so a Buyers' Market which creates some of its own chaosBottom line? Mortgage Borrowers MUST shop for best rate

Scott is the Manager for the Biggest Private Consumer Insolvency Firm in Ontario: Hoyes Michalos. Insolvencies based on Real Estate related issues have soared in the last 18 months.& Scott has the insights & analysis from the ground floor of the financial disaster zonesThe lessons of Co-signers, the perils of building a rental empire, the confluence of everything going wrong at once & what can be done to work out debt problems. An episode packed with unique insights .

Sometimes you must investigate what is going in the trenches of the mortgage business: what are borrowers saying, what they are they thinking. This week we have Sacha Fabry a Front-Line Mortgage Broker at our company who is fielding over 100 calls a week from mortgage borrowers. What kind of mortgage do they want, how bad are the renewal increases, is there really a mortgage rate WAR at the Banks? Why to NEVER trust the First Rate you are offered? Is it genuinely getting harder to get a mortgage? All this and more at Angry Mortgage.

We needed a bigger Podcast to accommodate one of the most important people in the Mortgage Business: John Webster. John's contribution to the Mortgage Brokerage space is legendary & we cover the history of his innovations, breakthroughs & domination of Mortgage Broker Origination. We touch on Housing Policy, Mortgage Qualification & the implications of the new LTI Portfolio Rules & how they will effect mortgage borrowers in Canada. And how John is standing up a whole new mortgage operation: Maple Financial revolutionize Alternative Lending in Canada 

Rob is back on the show a record fourth occasion because well, he's just that good a guest. Let's talk Mortgages: what's the truth about the massive renewal year we will have in 2025, huge boom for mortgage professionals or total bust as incumbent lenders match every rate offer. What about home buyers? Where are they? Are there any First time home buyers? What about the rental marke? Where are mortgage rates going? Finally Canada will have a new Government soon. What effect on mortgages & the housing market? 

Our 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?

Our Special Guest is a one of the true Masters of Social Media & has a massive & loyal following on Tik Tok. We delve into what makes Social Media Marketing work, what doesn't work & how you should do it. The aftermath of the Bank Of Canada Cut, Yesterday New Mortgage Guidelines came into effect: review & what to expect. Why the heck are homes so far away from Vancouver & the GTA so expansive? Little rural towns 1.5 hours drive away from New York aren't over $1M why in the world are houses in the middle of nowhere away from these cities worth over $1M?.

Bad 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.

We 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?

No 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?

Canadians 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 

One enormous lesson from the US Election is that a Government's or an economist's view of a national economy is TOTALLY different from want an average person feels about how they are doing & those people will vote the Government OUT if they think they are worse off. Same In CANADA?Rate Review. Viewer Questions. And the incredible story of how one company screwed 10's of thousands of Homebuyers in Canada out of Millions with an 800% Price increase. And Ron's Rant: Who the heck is the real Randy? 

A 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)   

This is Rob's THIRD time on the Podcast even if Ron completely forgot to introduce him (WTH) So MUCH mortgage stuff to cover. Newest rumors of future Emergency 50 BPS Rate Cuts by the Bank of Canada in December. Important questions about who can benefit from CMHC rule changes. What's going to happen to Real Estate prices? SUDDEN REVERSAL by Ottawa on Immigration: what's going to happen to house prices & rental rates? And WTAF is Doug Ford thinking?

We are lucky to have a true expert on the Pod today, Daniel Foch researches & analyses Real Estate Development from the initial Land Purchase, approval, construction all the way to the final buyer who will live in the home. And although the Toronto Condo Crash may seem regional it has the potential to impact the whole Canadian economy: 50K Dog Crate Condos that will be finished & need to close in the next 2 Years & Danial's key point is brilliant: Do you want to lose your money FAST or lose it SLOW because that's going to be the choice. Once you see the numbers broken down it's clear the are Billions upon Billions at risk 

The 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?

Ron was on the panel at a great Housing Conference hosted by Veritas last week & there was a ton of great info: Things in the GTA Pre-Construction Housing Market are even worse than we thought: Closing Cliff is rolling at us, Mayhem in the Assignment Market, in 5 years there will be NO MORE NEW CONDOS…… yeah I know it's wild. What is happening when you have a Variable Rate, the Bank of Canada has cut 3 times & yet your payments have not changed a cent? Ron Explains. Questions from the Viewers Answered. And what's the screwed-est congestion city on Earth…… you guessed it. 

No 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 FIRE

Quite 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.

Wow, 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.

Unemployment 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?

The 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?

Huge Shift In Thinking From Central Bankers. Last week many of the worlds Central Bankers met at their Annual Conference in Jackson Hole Wyoming & the ending speech by Fed Chairman Jerome Powell signaled a complete change: inflation is no longer an issue, now it's the speed of cuts to save economies. Time to think of Variable Mortgages again? We break it down. Are some Home Buyers in 2020 – 2022 stuck in their houses? What the heck with $3B in US Government fines at TD? And WTAF: More sheer Government Incompetence

Another 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!!

What 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 Notes

Are 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. 

Condo 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?

Honestly 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.

If 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.

Unemployment 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.

We cover Rate Movements, the next Bank of Canada Rate Move: What to expect & Why. Hey! If its another edition of Angry Mortgage there has to be some more Mortgage Fraud to cover. What's up with Vacation Homes & Cottages? New trends & what to make of the bump in Cottage Real Estate. CMLS & Nesto, what just happened & what to expect. Viewer Mail An WTAF: Jann joins in on the absolute insanity going on in Toronto 

Too much many incidents, too much tragedy, too much money lost, why is it happening? Why are we hearing about so much of it now? How can borrowers & investors protect themselves? Ron breaks it down. Rate World: will Variable become an option? Maybe not yet but when? CBC Program on Condo Sales Problems: Ron was in on that show. Viewer mail bag: questions get answered. WTAF: we need to wake up and see recent immigrants the right way.

The concerning direction of rental Condos in Toronto: should we be worried? Let's break it down: BIG Mortgage Rate News: we have been waiting for the Fixed Rate Mortgage cuts, looks like they finally showed up: maybe a 50 bps cut, we analyze next week in RatesMortgage Fraud Update: Who's suing who? And a wild WTAF: Can't we actually fix ANYTHING.

Our Special Guest Vince Gaetano reveals the sad truth behind the City of Toronto's hellacious Permitting system, the utter insanity of building anything inside the City, the endless Neighbor Complaints, the bizarre process of managing the City InspectionsOh, and the very worst thing about this mess: the Builder is providing EXACTLY the kind of increased density housing the City is BEGGING for. And wait till you hear about the City's fees & levies