Focused on personal financial literacy and discussion of topics related to real estate investment, home financing and wealth building with a casual and professional approach to expose opportunities and deal with misconceptions in the marketplace.
Is the Canadian housing market actually recovering… or barely surviving? This week, Vince rips off the Band-Aid and breaks down what's really happening across Canada's major real estate markets — from Toronto, Vancouver, and Edmonton to Calgary.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's Middle Class is Being ERASED — Here's How We Fix It! Toronto, Vancouver, Montreal — cities once full of promise are now becoming unaffordable fortresses for the ultra-rich. The dream of homeownership? Dead for the average Canadian. In this episode of The Wise Old Owl Show, Vince Gaetano breaks down the brutal reality: housing prices are soaring, incomes aren't keeping up, and the middle class is being pushed out — hard. We're not just facing a housing crisis — we're witnessing the collapse of the economic engine that built this country. Nurses, teachers, first responders... they're all being priced out.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's Economy Is Stalling — Here's What You Need to Know! Feeling anxious about the Canadian economy? You're not alone — and it's not just a hunch. Consumer confidence just hit record lows, small businesses are struggling, and mortgage renewals are sending shockwaves through households. In this episode of The Wise Old Owl Show, Vince breaks down the key signals you need to know — and what they mean for your finances.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Canadian Housing Market Just Cracked — What's Coming Next Is Brutal
This week, Vince explores the wide range of issues plaguing the housing market - primarily, the political factors behind the lack of new housing starts. While Federal Officials make broad claims, Vince uses stats and facts to show the truth behind the lack of new housing. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's Affordable Housing Plan: 500,000 Homes a Year?! Let's Get Real.The Canadian government says we're going to build 400,000 to 500,000 affordable homes per year—but is that even remotely possible? This week, Vince breaks down the cold, hard facts behind Canada's housing crisis, from construction slowdowns to labour shortages, zoning nightmares, and political red tape. Spoiler: we're not even close.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada is heading to the polls — but this isn't just politics as usual. It's about jobs, mortgages, and whether our economy can survive. With consumer confidence crashing, job losses mounting, and mortgage delinquencies rising across the country, Canadians are asking: Who can lead us out of this economic storm? For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's housing market and economy are flashing red. In this episode of The Wise Old Owl Show, mortgage expert Vince Gaetano breaks down the surge in Toronto mortgage delinquencies, record-low consumer confidence, rising unemployment, and the sharp slowdown in real estate sales. With a Bank of Canada rate cut expected soon, mortgage rates may drop — but the window to act is short. Whether you're a homeowner, first-time buyer, or mortgage broker, this is your essential 2025 market update to protect your finances and plan smart.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The April 1st carbon tax reversal by the Canadian federal government is an example of gaslighting 101. After years of defending the carbon tax, Liberal MPs are now celebrating its cancellation. But were they lying then, or are they lying now? This week, Vince dives into the hypocrisy behind the policy flip, the impact on Canadian families, and how this move undermines trust in government and climate action. From broken promises to soaring energy prices, the political fallout of this decision is undeniable.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canadians are facing significant economic challenges, driven by high inflation and growing uncertainty about a potential recession. Despite the Bank of Canada cutting interest rates, prices remain stubbornly high, putting financial pressure on many households. The ongoing tariffs and trade wars are further complicating everyday life and impacting the broader economy. Meanwhile, the federal government's slowdown in immigration and a rise in asylum claims are reducing the number of non-permanent residents, which is having a direct effect on housing demand and the labor market. Ontario is at the forefront of this economic turmoil, with falling home prices, record-high listings, and a surge in mortgage delinquencies. As 60% of Canadians face mortgage renewals, many will see payment hikes of up to 30%, further straining family budgets. In this video, we break down these critical economic factors and explore what they mean for Canada's future.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Greater Toronto Area (GTA) real estate market is in turmoil, and it's time to face the reality. Home sales are plummeting, inventory is skyrocketing, and affordability is slipping out of reach for many buyers. In this video, Vince breaks down the cold, hard facts behind the GTA's real estate decline in March 2025. Whether you're looking to buy, sell, or just stay informed, you won't want to miss this analysis of the latest trends, stats, and expert insights.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Inflation in Canada is hitting hard, reshaping lives, and altering the economy. From skyrocketing costs of essentials like housing, food, and energy to declining consumer confidence, the impact is undeniable. In 2022, inflation peaked over 8%, and it's still well above the Bank of Canada's target rate. With inflation at 2.6% in February 2024, Canadians are struggling to meet day-to-day expenses. As the Bank of Canada attempts to manage this crisis with interest rate adjustments, the delicate balance between economic growth and inflation control is at a tipping point. In this video, we break down the real consequences of inflation, why it matters to every Canadian, and what's at stake for the future. Join us as we explore the economic turmoil and its effects on our wallets and well-being.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's decision to open its doors to uncontrolled immigration was initially aimed at boosting the economy, but it has backfired. Years of mass immigration have led to a severe economic collapse, with a struggling economy, skyrocketing cost of living, and overwhelmed healthcare and employment sectors. The government's attempt to create a "healthy" economy through immigration has instead created a series of failed policies, and now, with immigration halted and residency harder to attain, Canada's housing market and rental market are under extreme pressure. In this video, we break down how Canada's uncontrolled immigration has devastated jobs, healthcare, and the economy, and what it means for the country's financial stability moving forward.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince breaks down the devastating impact of Donald Trump's trade tariffs on Canada's economy, from plummeting consumer confidence and a 7% drop in the loonie to rising costs of living and falling mortgage rates. With businesses slamming the brakes on investment and housing sales freezing, the country is heading into a recession due to the unpredictability of these tariffs. As the cost of groceries, cars, and imported goods rises, and with interest rates dropping in response to economic panic, Canada faces a financial crisis that's only getting worse.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Housing Market Update! The real estate landscape is changing rapidly, and there's a lot more happening behind the headlines than you might think. Home sales are down, supply is soaring, and mortgage delinquencies are on the rise—so what does this mean for homeowners, buyers, and investors? For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's economy is facing major challenges in 2025, from a weak loonie driving up prices to looming US tariffs threatening key sectors. Inflation is worse than it seems, with temporary HST cuts masking the real cost of living. Meanwhile, slowing population growth is fueling a potential job market slowdown. In this video, we break down how these factors are impacting your wallet and what you can do to protect your finances in the coming years. Stay informed and prepared as we discuss Canada's financial future. For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada prides itself on supporting local businesses, boosting our economy, and keeping dollars at home. But there's a major issue hiding in plain sight: buying Canadian products within Canada is ridiculously difficult. From wine in B.C. to dairy from Quebec, outdated regulations and provincial red tape are making it easier for businesses to trade with foreign countries than across provinces.In this video, we break down how Canada's internal trade barriers are hurting consumers, businesses, and the economy. We expose the bureaucratic madness behind why it's easier for an Ontario company to sell to New York than to Manitoba, and why these problems cost Canadians billions every year.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince dives deep into the serious state of Canada's economy and the growing financial challenges facing Canadians across all age groups. From rising credit card debt to unsecured loans, many Canadians—millennials, seniors, and everyone in between—are feeling the weight of increasing financial burdens. With consumer insolvencies predicted to reach all-time highs in 2025, it's more important than ever to understand the risks and realities of Canada's debt crisis. Stats provided courtesy of Hoyes, Michalos - annual Joe Debter study.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The 2025 Canadian federal election is a pivotal moment for Canada. On one side, we have Mark Carney, a global finance expert and former head of the Bank of Canada and Bank of England, now Prime Minister. On the other, Pierre Poilievre, a political veteran and populist, promises change after years of Liberal rule. But what does each candidate's vision mean for Canada's future? This week, Vince breaks down their economic plans, housing affordability solutions, and approaches to global diplomacy. Carney proposes GST exemptions for first-time homebuyers, while Poilievre focuses on cutting red tape to fast-track housing development. But with tensions rising globally, who will be better equipped to lead Canada through challenges like the U.S. threat of annexation and economic instability?For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
WFH (Work-From-Home) is causing a growing divide between remote and in-office workers in Canada. As companies push for a return to the office, the impact on employee productivity, work-life balance, and real estate is undeniable. While some thrive with flexible work-from-home (WFH) setups, others face challenges that highlight inequalities in the workforce.This week, Vince explores how remote work is reshaping industries, the challenges it presents to non-office workers, and what the future holds for hybrid and in-office work models. With insights on how WFH affected housing markets and what businesses must do to retain top talent, this video cuts through the noise to provide valuable takeaways.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince dives deep into the troubling reality of how the Canadian government's mismanagement of massive infrastructure projects is directly affecting taxpayers. From projects that are over-budget and delayed to funds being improperly allocated, Canadians are feeling the strain. These poorly executed projects are draining resources that could otherwise be used to solve urgent issues, like Canada's housing crisis. With a severe lack of affordable housing and skyrocketing demand, the country is in desperate need of government investment where it counts.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canadians are worried about job security, mortgage payments, and the state of Canada's economy. In this video, we're pulling back the curtain on Canada's job market and exposing the reality behind the government's ‘strong job growth' headlines. Despite claims of a booming economy, the latest labor reports reveal a troubling truth: unemployment rates in Toronto are the highest in over a decade (outside of the pandemic), and long-term unemployment is surging. Even more alarming? The Labour Force Survey and Payroll Survey are completely contradicting each other, leaving us to question the validity of government reports.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Vince is joined by Ben Rabidoux to discuss the brewing economic turmoil in Canada as we head into 2025. From the struggling job market to alarming real estate projections, growing debt, and population pressures, Canada's economy faces critical challenges. What does the future hold for the housing market? Will the debt crisis and job market issues push the country toward an economic tipping point? Watch to understand the factors driving the crisis and what it means for Canadian residents and investors.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canada's economy in 2025 is not doing well. While reports claim job growth and stable spending, the truth is far darker. Missed payments are at the highest rate since 2020, job security is declining, and Canadians are sinking deeper into debt. In this video, we break down the reality of Canada's financial crisis, highlighting key issues such as rising mortgage payments, a shaky job market, and unsustainable consumer spending driven by credit.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Canadian job market is in crisis—unemployment has hit an all-time high, and Canadians are feeling the impact more than ever. With the economy struggling, there's a sharp decline in consumer spending and increasing uncertainty due to upcoming mortgage renewals. On top of that, population growth is facing major challenges as immigration pathways tighten and deportations rise.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
On January 31, 2025, Trump rocked North America's economic landscape as the U.S. threatened to impose a 25% tariff on Canadian imports. This isn't just another trade dispute—it's the unraveling of a 90-year partnership that's shaped global markets. From steel to energy to agriculture, industries are bracing for massive impacts. But it's not just businesses at risk—your wallet will feel the sting with skyrocketing prices on everything from cars to groceries.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince dives into the the current socio-economic state of Canada. Canada's economy is in deep trouble, and it's only getting worse. The Bank of Canada's January 2025 report paints a grim picture, with U.S. tariff threats looming large, potentially slashing Canadian GDP by 1-2%. With inflation spiraling, business confidence tanking, and productivity at an all-time low, the country's heading straight into recession. Plus, the return of Trump 2.0 means 25% tariffs on Canadian imports are on the table—could Canada survive this? Find out what this means for the economy and how businesses are reacting to the uncertainty.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Canadians are facing a looming economic crisis as 60% of mortgages are set to renew at significantly higher interest rates than pandemic-era rates. Canadian anxiety continues to grow over Trump's potential tariffs, the Bank of Canada's policies, and an impending economic slowdown that will affect the labour market. This week, Vince breaks down how these factors will affect Canada's GDP, labor market, housing starts, and the cooling rental market. Stay informed on the economic challenges aheadFor more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Are you dreaming of buying your first home but struggling to keep up with rising house prices in Canada? In this video, I'll walk you through the top financial tools you need to know about: the Tax-Free Savings Account (TFSA), First Home Savings Account (FHSA), and Registered Retirement Savings Plan (RRSP). I'll break down the benefits, strategies, and smart planning tips for using these accounts to save for your first home more effectively. Whether you're a first-time homebuyer or just getting started with saving, this video offers practical advice to help you reach your homeownership goals faster, even in today's competitive real estate market.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Vince sits down with financial expert, Nate (@NateNewMoney) for an insightful conversation on all things financial literacy. Whether you're just starting your financial journey or looking for advanced strategies, this episode is packed with actionable tips to help you save money, plan for retirement, and grow your wealth.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Development charges and excessive bureaucratic red tape are crippling Canada's housing market. The federal Housing Accelerator Fund has proven ineffective, while construction projects grind to a halt. With record-high immigration numbers and a strained housing supply, Canadians are feeling the squeeze. Municipalities, particularly in Toronto, are only making things worse with their slow-moving approval processes. Watch to learn why these issues are pushing homeownership further out of reach for many.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Struggling with financial literacy or looking for ways to save money in 2025? This episode is packed with expert mortgage advice, household budgeting strategies, and financial planning tips to help you build a strong financial future. Whether you're interested in saving money, understanding mortgage rates, or finding ways to navigate political bureaucracy in financial decision-making, owlmortgage.ca has you covered.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince explore the volatile Canadian real estate market in 2025, driven by a series of political and socio-economic factors. From an ongoing immigration crackdown to the latest mortgage rule changes, Vince breaks down the most important developments you need to know.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince breaks down the reasons why he believes the variable rate is the way to go for 2025!For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Canadian government is in complete chaos as Prime Minister Justin Trudeau has lost the faith and respect of his own Liberal MPs. On top of that, Jagmeet Singh's finally stated that he will vote non-confidence releasing Canada from hostage over his pension. Citizens across the country have completely lost trust in both leaders, frustrated by constant gaslighting, evasive answers, and a lack of transparency on key issues. Inflation is soaring, and the looming threat of Trump tariffs could send the economy into a tailspin. Meanwhile, protests in support of Palestine are erupting across Canada, testing the country's social fabric and putting strain on long-standing Canadian traditions and values.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The future for young Canadians has been severely affected by the current Trudeau-led government. They are not only owning less, but also delaying or forgoing having children. Why? The cost of living is skyrocketing, housing is unaffordable, and record deficits are piling up. Meanwhile, the government is gaslighting Canadians on the effectiveness of carbon rebate cheques.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The Trudeau-led Liberals have been involved in more scandals than most Canadians can keep track of. What's worse, instead of answering questions and taking responsibility, they gaslight the public, offer empty responses, and move forward as if their mistakes don't impact ordinary citizens. As Canadians, we have the power to demand better leadership and hold these corrupt politicians accountable. It's time to stand up for the Canada we all love and fight for the change we deserve.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Justin Trudeau and the Liberal government have led Canada deep into debt and economic hardship, with record-high unemployment and taxes. Prioritizing political optics over effective action, their weak leadership has created tough times, and Canadians are fed up with the gaslighting.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince takes a deep dive into the mounting issues plaguing Canada, which he believes have been exacerbated by a series of misguided policies and decisions made by the current government. One of the most glaring examples is the Liberal government's recent move to distribute $250 cheques to Canadians as a form of financial relief. On the surface, this may appear to be a well-intentioned measure aimed at providing immediate support to citizens, but Vince argues that it is nothing more than a superficial political move designed to appease voters in the short term, rather than addressing the deeper, systemic problems facing the nation.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, I had the pleasure of speaking with Nick Hill, co-host of the Canadian Real Estate Investor Podcast. Nick offers valuable insights into the abundant investment opportunities across Canada's real estate market, from coast to coast. We dive into the current market challenges, including the nation's housing affordability issues, while highlighting that, with the right mindset, there are still significant opportunities for wealth creation in real estate.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week I dive into the growing struggles builders face when trying to construct new homes. From inflated costs to unnecessary regulations, government taxes and requirements are driving up prices and making it harder to get homes built. These added costs are ultimately passed down to the buyer, making homeownership even more out of reach for many. This has to stop.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince explores the latest developments in the housing affordability crisis, shedding light on key policy measures being implemented to address the issue. He also emphasizes the need for high-density housing as a critical solution to alleviate the current challenges. Additionally, Vince discusses the role of immigration in the housing debate and clears up some common misconceptions surrounding the repurposing of single-family homes.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
This week, Vince sits down with real estate expert Nick Oppedisano of The OP Team to discuss the latest trends and key topics shaping the world of real estate, including a look at some political issues impacting the industry.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Mass immigration, without a clear, cohesive plan, has lead to chaos. The Liberal government has manipulated Canadians into believing that mass immigration is an unqualified strength, when in reality, they have no strategic framework in place. This lack of planning has harmed not only Canadian citizens but also those they have brought here under false promises. Stagnant wages, a housing crisis, and rising affordability issues are direct consequences of this poor governance.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The federal government has been promoting various policy changes aimed at addressing affordability in housing, but the reality is that these efforts are falling short. Instead of providing real solutions, they are creating a new class of debt slaves. We must demand better from our policymakers. It's time for comprehensive solutions that truly tackle the housing crisis and relieve the financial burden on families.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Not the best news! But this week, Vince dives into the current state of the pre-construction condo market and the tough decisions many purchasers are facing. With a significant number of buyers entering the market during its peak, many now find themselves grappling with declining values and uncertainty about when—or if—the market will bounce back. This may be a tough learning experience for manyFor more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The newly launched Vacant Home Tax is already facing significant scrutiny and overhaul. Over 150,000 homeowners have been mistakenly charged, highlighting the scale of the issue. Olivia Chow herself acknowledged the situation as a major fiasco. Unfortunately, this misstep has disproportionately impacted the most vulnerable members of our community. It's crucial that we hold our political leaders accountable for these shortcomings.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
The real estate market is likely to face further challenges before we see any signs of recovery. Affordability remains a pressing issue, and unfortunately, the current government has yet to implement effective measures to address it. Recent TREB numbers have been released, and the statistics paint a troubling picture. Year-over-year comparisons reveal a significant decline, indicating that the market is in a precarious position.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Many people are unaware of how their credit score is calculated, so I thought I'd help clarify the five key components that play a crucial role in determining it. Enjoy!For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
Here's some advice for you. Don't fall for lenders' tactics—hold off on renewing your mortgage early! Especially if you have a good rate. Be patient! Ride your current mortgage rate to the full length of maturation. The Canadian economy is in a bad place, and I believe that further rate cuts are coming.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
As the podcast gets back into the swing of things, Vince shares a quick episode exploring a possible new immigration loophole. He highlights alarming statistics that reveal loopholes in the country's immigration policies, which can lead to exploitation for both Canadians and newcomers. Vince emphasizes that these scams not only undermine the integrity of Canada's immigration system but also leave vulnerable individuals feeling misled and frustrated. He discusses the broader implications for communities and calls for more robust measures to protect both citizens and immigrants from these deceptive practices.For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/
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