Podcasts about canadian mortgage

Exploring the Canadian real estate market offers a fascinating opportunity for investors seeking diversification and stability. This episode dives deep into the complexities and advantages of investing in Canada, particularly for American investors. Host Terry Schauer emphasizes that international investing is an advanced strategy, laden with unique challenges such as tax implications and regulatory differences. However, the allure of diversifying one's portfolio and navigating the varying cycles of national economies can be compelling.With Canada experiencing a different phase in its real estate cycle compared to the U.S., along with a current interest rate easing cycle, the conditions for investment are ripe. Schauer elaborates on the role of the Canadian Mortgage and Housing Corporation (CMHC) and how it influences market dynamics, particularly in urban centers where housing demand is surging due to immigration. The discussion also touches upon the foreign buyer's ban imposed in 2023, which, while challenging for some, presents unique opportunities for savvy investors willing to adapt their strategies. Schauer concludes that understanding these nuances is crucial for anyone considering entering the Canadian real estate market.REWBCON 20% OFF CODE: MPIPODCAST https://rewbcon.com Join the Shred Method and Cut 15 years off your mortgage: https://masterpassiveincome.com/shredGet the 1-on-1 coaching FREE strategy call here: https://masterpassiveincome.com/bookacallFollow Dustin Heiner on Instagram: https://instagram.com/thedustinheinerCheck out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network//BEST REAL ESTATE INVESTING RESOURCE LINKSStart your LLC for only $29! https://masterpassiveincome.com/formanllcGreat High Interest Savings Account: https://masterpassiveincome.com/citGet your business bank account here: https://masterpassiveincome.com/baselaneGet your business credit card with 2% Cash Back with NO FEE! https://masterpassiveincome.com/amex

In this insightful episode of the Broady Windsor Group Podcast, we dive deep into the world of mortgages with Joe Valenti from Better-Mortgage.ca. We discuss the latest government policies impacting first-time homebuyers and explore key differences between insured, insurable, and conventional mortgages. Whether you're a first-time buyer or a seasoned homeowner, this episode provides valuable insights to help you navigate the complexities of real estate finance.Key Topics Covered:1. Understanding Different Mortgage Types: Joe Valenti explains the differences between conventional, insured, and insurable mortgages. He walks listeners through how these types impact buyers differently based on the down payment, property value, and risk to the lender.2. New Government Policies for First-Time Buyers: The conversation covers the recent policy changes, including the increased threshold for insured mortgages from $1 million to $1.5 million. Joe discusses how this affects homeowners, particularly in the West Island area, and what first-time buyers should know about the 30-year amortization option.3. The 30-Year Amortization Strategy: Joe shares insights on how the 30-year amortization can lower monthly payments, making homes more affordable. He advises buyers on how to make the most of this option and the importance of planning to reduce the amortization period over time.4. First-Time Homebuyer Savings Account (FHSA): Joe highlights the benefits of opening an FHSA to help save for a down payment. He explains how this account works similarly to a combination of an RRSP and a TFSA, providing tax advantages and flexibility for future homebuyers.5. Fixed vs. Variable Rate Mortgages: With interest rates fluctuating, Joe offers expert advice on choosing between fixed and variable rate mortgages. He outlines the risks and rewards of each option and how to decide based on individual financial situations and future plans.6. What Banks Consider in Mortgage Applications: Joe details the factors banks review when evaluating mortgage applications, including credit scores, income stability, and debt ratios (GDS and TDS). He also explains how self-employed individuals can navigate the process with the help of a mortgage broker.7. The Role of Mortgage Brokers vs. Bank Specialists: Joe explains the key differences between working with a mortgage broker and a bank specialist. He emphasizes the advantages of using a mortgage broker to access a wider range of lenders and customized solutions based on the borrower's unique profile.8. How New Policies Might Impact Montreal's Real Estate Market: Joe and Scott discuss how the new policies, including the increased amortization period, could influence home prices in Montreal. Joe speculates on potential price increases in the lower price ranges due to higher demand and limited supply.9. Should You Pay Down Your Mortgage or Invest?: A common question from homeowners is whether to pay down their mortgage or invest extra funds. Joe provides a balanced view, explaining the pros and cons of both strategies, and how personal discipline plays a key role in deciding the best course of action.Final ThoughtsThe episode wraps up with practical advice on real estate and mortgage strategies for first-time buyers and homeowners looking to refinance or renew their mortgage. Joe emphasizes the importance of working with experienced professionals to make informed financial decisions.Contact the BW Groupinfo@broadywindsor.com

With the election just one week away, housing remains a pivotal issue for voters across Canada. This week, we take a close look at the New Democratic Party's (NDP) housing policy, following last week's review of the Conservative Party's platform. The NDP's 66-page action plan is packed with ambitious goals, focusing primarily on improving affordability for first-time buyers. One of their key initiatives allows first-time homebuyers to pay only 60% of a home's price upfront, with the remaining 40% deferred until the home is sold or 25 years have passed. This program also offers government-backed supplementary financing, making it easier for Canadians to enter the market. In addition, the Attainable Housing Initiative (AHI) seeks to ease the burden of market-priced homes by funding 40% of the costs for 25,000 new units, particularly on Indigenous lands.While the NDP's proposals aim to increase access to housing, they do little to address the root cause of the affordability crisis—soaring home prices. For example, even with the government's assistance, buying a $620,000 studio or a $1.3 million two-bedroom unit in Vancouver remains daunting. Some argue that the plan, while helpful for thousands of families, fails to lower the overall cost of homes, especially in cities like Vancouver, where prices are already hugely inflated compared to other North American markets. The NDP's strategy is focused on making market-priced homes more accessible, but it doesn't tackle the larger issue of the unsustainable growth in housing costs.In other housing-related news, the Canadian Mortgage and Housing Corporation (CMHC) has announced a new policy that allows homeowners to add suites to their properties with up to 90% loan-to-value financing, set to launch in 2025. This move is part of an effort to increase housing density, but with a $2 million property value cap, its impact may be limited in high-cost areas. Meanwhile, rental rates have fluctuated across the country, with notable decreases in cities like Vancouver and Burnaby, while places like Quebec City and Saskatoon saw rent increases. Mortgage arrears are also on the rise, hitting 0.2% nationwide, the highest since May 2021, signaling growing financial pressures on homeowners.Speaking more to rental rates, they have shown significant decreases across several major Canadian cities. Vancouver saw an 11% drop year-over-year for both one- and two-bedroom units, and Burnaby registered similar declines. However, Quebec City and Saskatoon experienced price hikes, with one-bedroom rents rising by 22%. This fluctuation in rental prices suggests that affordability issues continue to evolve across different regions, with some areas benefiting from decreased demand while others face rising costs.As housing continues to be a central concern for many Canadians, both the NDP and Conservative platforms offer paths toward improved accessibility. However, neither party has yet introduced a comprehensive plan to lower home prices significantly. Voters must weigh whether these measures—focused on providing access rather than addressing affordability at its core—are sufficient in tackling Canada's housing crisis as they prepare to cast their ballots. Tune in and find out how we feel about the NDP platform. _________________________________ Contact Us To Book Your Private Consultation:

Welcome to Make Money Count! Are you looking to maximize your home's potential? The Canadian government just introduced a game-changing refinancing option allowing you to refinance up to 90% of your property's value! In our latest podcast episode on Make Money Count, we break down everything you need to know about this new program, including: ✅ How to qualify for the 90% LTV refinance ✅ Potential risks and how to navigate them ✅ Tips for adding rental units to boost your income ✅ Insights into recent CMHC policy changes and what they mean for you

In this episode, Alex McFadyen breaks down the latest changes in mortgage regulations and real estate guidelines introduced by the Canadian government. Starting with new CMHC rules that impact down payments and amortizations, Alex explores what these mean for first-time home buyers and the market. He also discusses the recent announcement by the BC NDP on a new homebuyers platform and its implications. Additionally, Alex dives deep into OSFI's elimination of the stress test for uninsured mortgages, explaining how this benefits consumers and promotes competition among lenders. Tune in to get a detailed analysis of these significant regulatory changes and their potential impact on the real estate market. Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co. Alex's Social Media: @themortgagepug ********** Ready to take the plunge into homeownership? Don't miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show! https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

***Start Your Realty Ninja Real Estate Website*** Free Trial and 20% Off your first year: https://www.realtyninja.com/tom - - - The fear of the “Canadian Mortgage Renewal Cliff” is fading as both fixed and variable mortgage rates are falling faster than expected. In this week's episode of The Tom Storey Show, Steve Karrasch and Tom Storey discuss the reasons why (and why not) to buy real estate, multiple offers, appraisals and so much more. Enjoy! - - - *** Ontario Agents! Get Your Custom Branded TRESA Explainer Video TODAY! *** Order Here: https://tresavideo.ca/ *** Need Home or Property Insurance? *** Use SQUARE ONE: Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/thetomstoreyshow?offer_code=TTSS

In this episode, we explain the recent changes in Canadian mortgage policies and their potential impact on the housing market. From the introduction of the 30-year amortization for insured pre-construction mortgages to the increasing reliance on family gifts for down payments, we'll share everything you need to know, whether you are a homebuyer or investor.

In this episode, listen in as Justin has an interesting and engaging conversation with longtime broker and current CMBABC President Rebecca Casey. What exactly is CMBABC? Why is Broker mental health more important than ever?, Why is this a difficult time for new agents? and what was CMBABC's role in the recent amendment to BC's Landlord rules.Come listen to the conversations.

Buckle up! Fixed Rates are plunging, but that's not all good news for the overall Canadian economy. In this emergency rate update episode, Alex McFadyen (The Mortgage Pug) delves into the recent changes in the Canadian economic landscape, ravaged by the recent U.S. stats. Particularly focusing on the impact of bond yields and the U.S. jobs report from early August 2024. This period saw significant drops in bond yields influenced by the Bank of Canada's rate cut and adverse U.S. job data, setting the stage for a possible recession. The episode provides a thorough analysis of the potential effects on Canadian mortgage rates, recommending various term strategies and emphasizing the importance of working with a knowledgeable mortgage broker. It also outlines the anticipated shifts in both fixed and variable rate markets, offering valuable advice for borrowers considering renewing or refinancing their mortgages. Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co. Alex's Social Media: @themortgagepug ********** Ready to take the plunge into homeownership? Don't miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show! https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

Send us a Text Message.In this episode, David Fleming critically examines the Canadian Mortgage and Housing Corporation (CMHC) and its impact on the average Canadian. Despite the CMHC's mandate to make housing more affordable, David argues that their policies have failed, often making housing less accessible and more expensive.David begins by exploring the paradoxical logic behind CMHC's approach: reducing demand by making housing more difficult to buy to lower prices. He discusses key policy changes, such as the removal of 107% financing, 40-year amortizations, the mortgage stress test, and increased down payment requirements. David highlights how these measures, intended to cool the market, have ultimately hurt prospective homebuyers.This episode is essential listening for real estate professionals, homeowners, and anyone interested in the Canadian housing market. Join David for a candid look at CMHC's policies and their real-world implications.In This Episode:The paradox of CMHC's affordability measuresHistory and evolution of CMHC policiesKey policy changes and their impactsUnintended success in strengthening the banking systemWhy CMHC's efforts have failed average CanadiansTimestamps:00:01 - Introduction00:30 - Overview of CMHC and its Mandate01:00 - Paradoxical Logic of CMHC's Approach05:00 - History of CMHC Policies06:30 - Impact of 107% Financing Removal09:00 - Removal of 40-Year Amortizations11:00 - Mortgage Stress Test Introduction13:00 - Increased Down Payment Requirements15:00 - Policy Impacts on Homebuyers17:30 - Strengthening the Banking System20:00 - Conclusion and Key TakeawaysDon't Miss:David's insights on the housing marketReal-life stories and analysis of CMHC policiesSubscribe to The Last Honest Realtor on YouTube or your preferred podcast platform. Be sure to like, comment, and share your thoughts on this episode!Support the Show.Subscribe and Follow:Toronto Realty Group WebsiteToronto Realty Group YouTubeToronto Realty Blog InstagramToronto Realty Blog TwitterToronto Realty Blog Facebook

Phil Soper, president and chief executive officer, Royal LePage, discusses why renters still want to buy a home despite the costs. Video interview can be seen here. Phil Soper PRESS RELEASE TORONTO, June 20, 2024 /CNW/ – One third of Canadians live in rental accommodations, and that figure has been gradually increasing in recent years, as affordability challenges in the resale market persist. According to a recent Royal LePage survey, conducted by Hill & Knowlton, 27 per cent of Canadians who currently rent their home say they plan to purchase a property in the next two years. Among those aged 18 to 34, that figure jumps to 40 per cent. Meanwhile, 69 per cent of renters say they do not plan to buy a home in the near future. Among them, more than half (54%) do not feel their income will be sufficient to afford a property in the area where they wish to live (61% among respondents aged 18 to 34). “The rental sector is not immune to the significant affordability challenges stemming from Canada's acute housing shortage. High mortgage rates have made it difficult for many to purchase a home, forcing some to move into, or remain longer than planned, in the rental market,” said Phil Soper, president and chief executive officer, Royal LePage. “Despite a short-lived decline in prices and demand for rental units during the height of the COVID-19 pandemic, the available supply of rental properties in most major markets remains ultra low.” Of renters who say they plan to buy within the next two years, half (50%) say they will have a down payment of less than 20 per cent. Twenty-six per cent say they will put 20 per cent down, while 15 per cent say they will have a down payment of more than 20 per cent. In Canada, mortgage insurance is required for homes purchased with less than 20 per cent down. When asked how they will come up with their down payment, 53 per cent of respondents said they will use savings accumulated over the years, while 46 per cent said they will take advantage of the First Home Savings Account (FHSA), and 29 said they will draw on their RRSPs using the Home Buyer's Plan (HBP). Twenty-five per cent said they will use a financial gift from family or an inheritance. Respondents were able to select more than one answer. Forty-four per cent of renters planning to purchase in the next two years believe they will be able to afford a home in their current city of residence, while 37 per cent do not. Among those who don't believe they can buy in their current location, 40 per cent say they will have to travel more than 50 kilometres to buy within their budget, while 21 per cent believe they will have to search for a property within a 31-50 kilometre radius and 18 per cent say they would need to look within a 16-30 kilometre radius. Only 9 per cent of respondents are confident they could buy within 15 kilometres of their current location. According to the Royal LePage 2024 Most Affordable Canadian Cities Report, 50 per cent of people living in the greater regions of Toronto, Montreal and Vancouver, say they would consider relocating to a more affordable city, if they were able to find a job or work remotely. Among renters in these regions, 60 per cent say they'd be willing to relocate, while 45 per cent of current homeowners say they would consider it. “We know that Canadians widely consider home ownership a worthwhile long-term investment and a quintessential part of the Canadian dream. So much so, that many are willing to relocate in order to make their home ownership dreams a reality. This is especially true for young Canadians and those who have remote work flexibility. I believe we will continue to see migration from southern Ontario and high-priced regions in B.C. to more affordable markets across the country in the future,” said Soper. Nearly a third of renters hoped to buy prior to signing their lease Before signing or renewing their current lease, 29 per cent of Canadian renters say they considered purchasing a property. Among them, 41 per cent say the lack of a sufficient down payment led to their decision to rent instead. “While a third of Canadian adults are currently renting, and there are families who are perfectly content doing so, the desire for home ownership remains strong among a large portion of this segment of the population. Our latest research reveals that a material number of renters wish to transition to home ownership. Understandably, the greatest barrier to entry is the ability to drum up the initial capital for a down payment,” continued Soper. When asked about the motivating factors behind their decision to continue renting rather than buy, approximately one third of respondents said they were waiting for interest rates (33%) and property prices (30%) to decrease. Twenty-two per cent said they are continuing to rent while saving for a down payment, and 20 per cent said they did not qualify for a mortgage. Respondents were able to select more than one answer. “Earlier this month, the Bank of Canada announced its first rate cut in more than four years. Falling borrowing costs will lower the threshold to qualify for a mortgage, helping renters become owners. However, this creates a double-edged sword. Increased competition as they enter the market will put additional pressure on property values. While some will wait for home prices to become more reasonable, Canada's housing shortage will leave them waiting indefinitely,” added Soper. Rising rents and low vacancy rates Nearly four in ten Canadian renters (36%) spend up to 30 per cent of their net income on monthly rental costs. Meanwhile, roughly the same amount of renters (37%) spend between 31 and 50 per cent of their income on rent, and 16 per cent spend more than 50 per cent. In Canada's most expensive housing markets, Vancouver and Toronto, the proportion of renters who spend more than half of their income on rental costs increases to 27 per cent and 19 per cent, respectively. That figure dips to 10 per cent in Montreal. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent nationally for a two-bedroom unit in October 2023 was 8.0 per cent higher than a year prior. Vacancy rates sat at 1.5 per cent and 0.9 per cent, respectively, for purpose-built rental buildings and condominium apartments. “From coast to coast, Canadians are struggling with housing affordability in the wake of one of the most aggressive interest rate hike campaigns in history. Across many regions, rental demand vastly exceeds supply, making affordable housing a challenge. The housing industry and government must collaborate on innovative solutions to increase inventory, including rentals, and support those most impacted by these escalating market conditions,” concluded Soper. The 2024 federal budget, released on April 16th, announced several measures intended to more effectively protect tenants and strengthen their path to buying real estate. In addition to a renewed commitment to incentivize purpose-built rental buildings, a highlight was the creation of the Canadian Renters' Bill of Rights, which proposed a national standardized lease agreement and the disclosure of a property's rental price history. In addition, and perhaps most intriguing, this bill also proposed a recommendation for financial institutions to allow tenants to report their rental payment history to credit bureaus in order to better their credit scores, thereby strengthening their future mortgage applications. Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ATLANTIC CANADA In Atlantic Canada, 28 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 22 per cent say they plan to purchase a property in the next two years, while 59 per cent will not. “The rental market is shifting. Construction of purpose-built rental properties has drastically increased as the city's population continues to grow. Government programs and development incentives have encouraged the creation of new rental supply in Halifax. Newer buildings tend to attract newcomers who are not able to qualify for a mortgage right away, but want a high-quality place to live as they get established,” said Scott Moulton, sales representative, Royal LePage Atlantic in Halifax, Nova Scotia. “We saw a wave of residents from Ontario and other parts of the country come to the East Coast during the height of the pandemic. And, as was the case in the resale market, rental prices were also pushed up as demand swelled. This mass migration has since died down.” Moulton added that institutional landlords are the predominant supplier of rental stock in the Halifax region, particularly downtown. Rising interest rates have not had a profound impact on property management companies who have been able to cope with elevated costs compared to smaller-scale or individual landlords. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Halifax for a two-bedroom unit in October 2023 was 11.0 per cent higher than a year prior. The vacancy rate in purpose-built rental buildings remained extremely low at one per cent. Among renters living in Atlantic Canada, 29 per cent spend up to 30 per cent of their net income on monthly rent costs, while 38 per cent spend between 31 and 50 per cent of their income, and 24 per cent spend more than 50 per cent. “There is a desire to build rental supply in Halifax, but permitting and application approvals are both time consuming and expensive,” said Moulton. “More rental inventory is required to ease the region's housing supply shortage, but it will take many years for such buildings to be completed.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart QUEBEC July 1st is known as moving day in Quebec, the province with the highest percentage of renters per capita in Canada.5 Leading up to this date, 28 per cent of Quebec renters say they considered buying a property rather than renting before signing or renewing their lease. Among them, 42 per cent say they are waiting for property prices to go down, 41 per cent are holding off for interest rates to decrease, and 37 per cent say the lack of a sufficient down payment led to their decision to rent instead. Respondents were able to select more than one answer. Looking ahead, 22 per cent say they plan to purchase a property in the next two years, while more than half (58%) will not. Of those planning to purchase, 40 per cent believe they will be able to afford to buy a property in their current city of residence. Of those not planning to purchase a property in the next two years, 51 per cent say it is because they do not believe their income will allow them to afford the property they desire. “The results of this survey highlight the challenges faced by Quebec renters in the current context of a housing supply shortage,” said Geneviève Langevin, residential and commercial real estate broker, Royal LePage Altitude in Montreal. “However, the desire to become a homeowner persists for many, despite the financial obstacles, which is encouraging since this trend will continue to put pressure on public policy-makers to create housing that meets demand and population growth.” According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Montreal for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior.6 Vacancy rates sat at 1.5 per cent and 1.3 per cent, respectively, for purpose-built rental buildings and condominium apartments. While 2023 saw record low housing starts in Quebec, CMHC expects the province to see a more vigorous increase than elsewhere in Canada in 2024.7 However, new residential developments will remain too few to meet growing demand. “The gradual easing of interest rates, which began with the first cut in the Bank of Canada's key lending rate on June 5th, should stimulate construction in the rental market. However, this expected increase in housing starts will not have an immediate impact on the province's housing supply,” said Langevin. “I'm pleased to see that the various levels of government have begun to think together about alternatives for rapidly increasing housing supply. Unfortunately, the results of these concerted efforts will take time to materialize.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ONTARIO In Ontario, 30 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Among them, 47 per cent say the lack of a sufficient down payment led to their decision to rent instead. Twenty-eight per cent say they are waiting for property prices to go down, while 26 per cent are holding off for interest rates to decrease. Respondents were able to select more than one answer. Looking ahead, 31 per cent say they plan to purchase a property in the next two years, while nearly half (49%) will not. Of those planning to purchase, 43 per cent believe they will be able to afford to buy a property in their current city of residence. Of those not planning to purchase a property in the next two years, 61 per cent say it is because they do not believe their income will allow them to afford the property they desire. “For many, renting is an inevitable step on the path to home ownership, as saving to buy a home in one of Canada's most expensive cities can take many years,” said Gillian Ritchie, broker, Royal LePage Real Estate Services Ltd. in Toronto. “In recent years, we have noticed a much-needed increase in purpose-built rental supply in the city. Currently, Toronto's rental market is flush with one- and two-bedroom condos for lease, but does not have an adequate inventory of decent larger units or freehold rental accommodations. This has made it increasingly difficult for families to find suitable rental housing, whether they are waiting for the right time to buy a home or are looking for a temporary residence amid relocation or renovations.” Ritchie added that young professionals and students make up a large part of Toronto's renter demographic. Walkability is a top priority for renters attending post-secondary institutions, while others desire access to amenities, entertainment and their place of work. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Toronto for a two-bedroom unit in October 2023 was 8.7 per cent higher than a year prior.8 Vacancy rates sat at 1.5 per cent and 0.7 per cent, respectively, for purpose-built rental buildings and condominium apartments. By comparison, the average rent in Ottawa for a two-bedroom unit in October 2023 was 4.0 per cent higher than a year prior. Vacancy rates sat at 2.1 per cent and 0.4 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Ontario, 35 per cent spend up to 30 per cent of their net income on monthly rent costs, while 36 per cent spend between 31 and 50 per cent of their income, and 18 per cent spend more than 50 per cent. “Many investors bought rental units at the onset of the pandemic amid the record-low interest rate environment, and took advantage of low borrowing costs by purchasing multiple properties. As mortgage carrying costs have materially increased over the last two years, we have noticed some investors offloading their units, potentially reducing available rental stock,” noted Ritchie. “Meanwhile, new developments are bringing more inventory to the rental market and putting downward pressure on prices in some communities. With rates now on the decline, we anticipate that many current renters will step into the resale market as the threshold to qualify for a mortgage begins to ease. However, further rate cuts are needed for this trend to fully materialize.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart MANITOBA & SASKATCHEWAN In Manitoba and Saskatchewan, 44 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 36 per cent say they plan to purchase a property in the next two years, while 34 per cent will not. “The pandemic was a pivotal turning point for the rental market. Before COVID-19, one-bedroom rentals were in high demand. Now, as working from home has become more common, renters' need for more space has grown. However, the desire to be close to downtown and have access to conveniences both within their neighbourhood and their rental buildings remains strong,” said Laura Foubert, sales representative, Royal LePage Dynamic Real Estate in Winnipeg, Manitoba. “Winnipeg rental prices have increased over this past year as landlords and property managers aim to make up for price freezes implemented during the pandemic. Meanwhile, incentives like move-in bonuses, parking spots and top-tier amenities, are being offered on new developments to attract quality, long-term tenants.” Foubert added that many current renters are downsizers who have sold their homes and chosen to rent to avoid the upkeep of home ownership – many have no intention of buying another property. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Winnipeg for a two-bedroom unit in October 2023 was 4.4 per cent higher than a year prior.9 Vacancy rates sat at 1.8 per cent for both purpose-built rental buildings and condominium apartments. By comparison, the average rent in Regina for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior. Vacancy rates sat at 1.4 per cent and 1.8 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Manitoba and Saskatchewan, 50 per cent spend up to 30 per cent of their net income on monthly rent costs, while 36 per cent spend between 31 and 50 per cent of their income, and nine per cent spend more than 50 per cent. “Some individuals are renting until they buy their first home, while others are renting purely because they enjoy the simplicity and convenience of the lifestyle,” said Foubert. “Demand for rentals is expected to remain strong for the foreseeable future.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart ALBERTA In Alberta, nearly a third of renters (29%) say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 27 per cent say they plan to purchase a property in the next two years, while 45 per cent will not. “The rental segment has been in transition these past few years. We came out of a balanced market that had healthy vacancy levels and robust demand, and headed into a crunch starting in the spring of 2022. We are now in a scenario where multiple offers on rental properties are being seen more frequently, a new phenomenon in Calgary,” said Andrew Hanney, sales representative and property manager, Royal LePage Mission Real Estate in Calgary. “Demand for rentals in Alberta has been coming from all directions, including residents relocating from Ontario and British Columbia in search of a lower cost of living. One-bedroom apartments have some of the highest vacancy rates, as many renters are choosing to live in larger units with roommates in order to lower their monthly living expenses. This has created difficulties for families looking for multi-bedroom rental options.” Hanney added that purpose-built rentals were common in the 1980s and 1990s, but faded from popularity as developers focused their attention on building condominiums for ownership. Now, developers are creating purpose-built rentals once again, in response to increased market demand and a series of new government incentives. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Calgary for a two-bedroom unit in October 2023 was 14.3 per cent higher than a year prior.10 Vacancy rates sat at 1.4 per cent and 1.0 per cent, respectively, for purpose-built rental buildings and condominium apartments. By comparison, the average rent in Edmonton for a two-bedroom unit in October 2023 was 6.4 per cent higher than a year prior. Vacancy rates sat at 2.4 per cent and 2.5 per cent, respectively, for purpose-built rental buildings and condominium apartments, according to CMHC. Among renters living in Alberta, 39 per cent spend up to 30 per cent of their net income on monthly rent costs, while 34 per cent spend between 31 and 50 per cent of their income, and 17 per cent spend more than 50 per cent. “Many young Albertans look at housing differently – for those who do not want the responsibility of home ownership, renting is an intentional choice, one that suits their needs and lifestyle,” noted Hanney. “However, there remains an important cohort of Albertans for whom renting makes the most financial sense, while they save up to buy a home. As interest rates continue to fall, we will see more tenants move out of rentals and into home ownership.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart BRITISH COLUMBIA In British Columbia, 26 per cent of renters say they considered buying a property rather than renting before signing or renewing their lease. Looking ahead, 27 per cent say they plan to purchase a property in the next two years, while 52 per cent will not. “With a boost in rental supply in Vancouver, competition in this segment is improving, although affordability remains a challenge for tenants facing some of the highest rental prices in the country. Still, demand to live in one of Canada's most popular cities remains consistent,” said Nina Knudsen, property manager,11 Royal LePage Sussex in North Vancouver. “Empty nesters and working professionals make up a significant portion of our renter demographic, as do tenants who are landlords themselves. It is not uncommon for renters to buy an investment property in a less expensive market and lease it out while they continue to save towards the purchase of a primary residence.” Knudsen added that tightening provincial legislation on rentals has caused some would-be landlords to step out of the market, a potential challenge for the creation of rental supply. According to the latest Rental Market Report by the Canadian Mortgage and Housing Corporation (CMHC), the average rent in Vancouver for a two-bedroom unit in October 2023 was 8.6 per cent higher than a year prior.12 Vacancy rates sat at 0.9 per cent for both purpose-built rental buildings and condominium apartments. By comparison, the average rent in Victoria for a two-bedroom unit in October 2023 was 7.9 per cent higher than a year prior. The vacancy rate in purpose-built rental buildings sat at 1.6 per cent, according to CMHC. Among renters living in British Columbia, 23 per cent spend up to 30 per cent of their net income on monthly rent costs, while 42 per cent spend between 31 and 50 per cent of their income. Twenty-five per cent of renters spend more than 50 per cent of their net income on rent, well above the national average of 16 per cent. “As interest rates have increased over the past two years, higher monthly carrying costs have put considerable strain on entrepreneurial landlords, prompting some to offload their units onto the resale market,” said Knudsen. “With rates now beginning to trend downward, some investors may be seeing a light at the end of the tunnel. However, the most recent rate cut by the Bank of Canada will not be enough to encourage those landlords from selling their properties if further cuts are not made in the near future.” Royal LePage 2024 Canadian Renters Report – Data Chart: rlp.ca/2024-Canadian-Renters-Report-Chart Royal LePage resources for aspiring homeowners: To help aspiring homeowners, Royal LePage has published a number of online resources available at the following links: From renter to homeowner: Your complete guide to home ownership in a competitive real estate market 8 new housing policies announced in the 2024 federal budget Real estate terminology 101 Expert Q&A: What you need to know about buying a property pre-construction 6 tips for a seamless moving day Saving for your first home? Here's what you need to know about Canada's First Home Savings Account (FHSA) What is the Home Buyers' Plan? Get matched with Your Perfect Neighbourhood! About the Survey Hill & Knowlton used the Leger Opinion online panel to survey 1,506 Canadians, aged 18+, who rent their primary residence. The survey was completed between June 7th and June 10th, 2024. Representative sampling was done across all provinces (Atlantic provinces were aggregated). Weighting was applied to ensure representation between and within provinces, according to 2021 household renter census figures. No margin of error can be associated with a non-probability sample (i.e., a web panel in this case). For comparative purposes, though, a probability sample of 1,506 respondents would have a margin of error of ±3%, 19 times out of 20. About Royal LePage Serving Canadians since 1913, Royal LePage is the country's leading provider of services to real estate brokerages, with a network of approximately 20,000 real estate professionals in over 670 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage® Shelter Foundation™, which has been dedicated to supporting women's shelters and domestic violence prevention programs for 25 years. Royal LePage is a Bridgemarq Real Estate Services® Inc. company, a TSX-listed corporation trading under the symbolTSX:BRE. For more information, please visit www.royallepage.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #Homeownership #Homes #Housing #RealEstate #small business

***Start Your Realty Ninja Real Estate Website*** Free Trial and 20% Off your first year: https://www.realtyninja.com/tom - - - Canadian Mortgage delinquencies or arrears how now reached over $1 Billion Dollars for the first time on record, and now they are above pre-pandemic levels. In this episode of The Tom Storey Show, Steve Karrasch and Tom Storey sit down with Steve's personal mortgage broker Rowan Smith of CityWide Mortgage Services to discuss all things lending and a whole lot more. Connect with Rowan: Web: https://www.rowansmith.ca/ Mortgage Application: https://mtgapp.scarlettnetwork.com/KR_Properties/home - - - *** Ontario Agents! Get Your Custom Branded TRESA Explainer Video TODAY! *** Order Here: https://tresavideo.ca/ *** Need Home or Property Insurance? *** Use SQUARE ONE: Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/thetomstoreyshow?offer_code=TTSS

Newly awarded by the Canadian Mortgage industry for Best Media/Marketing Campaign across Canada, Clinton Wilkins, and Todd Veinotte chat about industry misconceptions, the importance of seeking advice from an unbiased mortgage professional, and the benefits of going to a full-service brokerage.

Today's episode of the Flow, Alex takes us on a deep analysis of the current Canadian real estate market, focusing specifically on CMHC's Mortgage Consumer Trends report for 2024. It discusses how the market environment, including government rule changes and tax guidelines, is influencing potential homebuyers and investors, and shares valuable statistics that could surprise many, from realtors to general consumers. Highlighting a shift in sentiment among homebuyers towards pessimism about their purchasing potential, the discussion delves into common sentiments of inaccessibility within the housing market, while effectively debunking myths and emphasizing the importance of mindset, planning, and strategy in overcoming these challenges. The script also offers commentary on a variety of relevant topics, such as the advantages of longer amortization periods, the rising trend of online mortgage shopping, the significance of gifts for down payments, and current fears of interest rate increases. Additionally, it addresses how misinformation and a lack of clear financial strategies are costly for many in the market, providing listeners with a clearer understanding of how to navigate these complex issues. The episode aims to educate and inform listeners, encouraging better financial decisions in real estate investments. Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co. Alex's Social Media: @themortgagepug Ready to take the plunge into homeownership? Don't miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show! https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

***Start Your Realty Ninja Real Estate Website*** Free Trial and 20% Off your first year: https://www.realtyninja.com/tom - - - What does it cost to break your high interest rate mortgage if you locked in at the WRONG TIME in Canada? In this episode of The Tom Storey Show, Steve Karrasch and Tom Storey discuss Tom's mortgage situation(s) on both his principal residence and his cottage. How big was the penalty? How long is the mortgage negatively amortizing for? Find out on this week's show! Enjoy! - - - *** Ontario Agents! Get Your Custom Branded TRESA Explainer Video TODAY! *** Order Here: https://tresavideo.ca/ *** Need Home or Property Insurance? *** Use SQUARE ONE: Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/thetomstoreyshow?offer_code=TTSS

Could a recent US settlement have an effect on Canadian real estate? In this episode of the REAL Collective Podcast, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) break down the possibilities. In the first half Sean and Kyle briefly discuss a tale of two markets (those that are priced right versus those that are overpriced). They then move on to the recent landmark settlement that was announced last month and how similar cases are happening here in Canada with the Toronto Real Estate Board. They explain the crux of the issue (the Competition Act and Commissions) specifically buyer's side commissions. They talk about what could happen down the line and how this could be difficult with the current mortgage structure here in Canada. In the second half our hosts discuss three hot money topics that have been in the news recently. 1. Bare Trust and the CRA 2. A Renter's Bill of Rights 3. OSFI looking to put a limit on loan to income ratio If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #ottawa #realestate #podcast #realcollective Intro (0:00) If it's priced right, it'll sell (1:10) A tale of two markets (2:35) What we're talking about this week (4:09) Lawsuit being filed against the Toronto Real Estate Board (5:11) This is all coming to a head in the US – what does that mean? (7:00) What does that mean to the buyer's agent? (7:45) Why would this extra cost be difficult to roll into a Canadian Mortgage? (8:11) Discount buyer agents (10:44) Explaining value propositions now with TRESA (13:45) The dangers of oversimplifying the buying and selling process (14:08) Real Estate is a long-standing profession (16:26) REAL Collective Marketing (17:45) Second half (18:28) Three hot money topics 1. Bare Trust and the CRA (18:48) 2. Renter's Bill of Rights (23:37) 3. OSFI looking at putting a limit on loan to income ratio (30:17) Outro (34:00)

Gold prices have reached an all-time high globally across every currency. Oil prices, particularly Brent crude, have surged above $90. Mike talks to Doug Bartoli, CEO of Inplay Oil. Tyler Bolhorn drops by to share techniques for identifying stocks with potential for future growth. The carbon tax is a highly politicized issue, with little focus on the financial and economic impact of taxing Canadians even more. The latest numbers out of the Canadian Mortgage and Housing Corporation on housing starts – to say they're not going be in the ballpark of what we need to create affordability is an understatement.See omnystudio.com/listener for privacy information.

The evolution of Canadian comedy from SCTV to today (1:37) Guest: Colin Mochrie, Canadian comedian Niagara gets set for a rush of eclipse watchers (17:07) Guest: Janice Thomson, CEO, Niagara Tourism Can a solar eclipse lead to a jump in car accidents? (26:25) Guest: Don Redelmeier, professor of medicine at the University of Toronto and senior scientist at Sunnybrook Research Institute Housing affordability isn't coming anytime soon (34:49) Guest: Bob Dugan, Chief Economist, Canadian Mortgage and Housing Corporation  Shopping for meaning - the nostalgia around malls (50:38) Guest: Kate Black, author, Big Mall: Shopping for Meaning 75 years of NATO: How is the military alliance faring? (1:08:36) Guest: Stephen Saideman, Paterson Chair in International Affairs, Norman Paterson School of International Affairs at Carleton University.  Haiti sees surge in food insecurity (1:24:41) Guest: Paolo Silveri, IFAD's Country Director for Haiti

Thousands of Canadians from across the country took to the streets to protest the Trudeau government's carbon tax – and True North was on the ground. Plus, Canada's population has seen its most rapid growth in over six decades, with new data from Statistics Canada revealing an unprecedented surge largely driven by temporary immigration. And housing starts in Canada continue to fail to meet demand as costs and demand soar, according to new data from the Canadian Mortgage and Housing Corporation. Tune into The Daily Brief with Cosmin Dzsurdzsa and Noah Jarvis! Learn more about your ad choices. Visit megaphone.fm/adchoices

We've moved! Head over to Canadian Mortgage Guide Here → https://wavve.link/canadianmortgageguide ***   WATCH ▶️ Watch this episode on Youtube ***   MORTGAGE INQUIRIES

In this episode Kyle and Justin discuss New To Canada programs as one of biggest opportunities that mortgage brokers have in the next couple years. With immigration numbers expected to keep increasing, learning how to communicate the available options of those just arriving in Canada is very important. Permanent Residents, Temporary Workers and Alternative credit history are some of the points they cover. Come listen to the conversation.--Follow Mortgages, Eh:Website - https://mortgagesehpodcast.ca/Facebook - https://www.facebook.com/groups/mortgageseh/Instagram - https://www.instagram.com/mortgagesehpodcast/Apple Podcasts - https://podcasts.apple.com/us/podcast/mortgages-eh/id1716617740Spotify - https://open.spotify.com/show/4HbTEiYtN0S1PG6podbKFfAmazon Music - https://shorturl.at/hAQ12Follow Kyle Green:LinkedIn - https://www.linkedin.com/in/kylegreenmortgage/Facebook - https://www.facebook.com/people/Kyle-Green/693750443/Instagram - https://www.instagram.com/kylegreen_14/?hl=enFollow Justin Noda:LinkedIn - https://www.linkedin.com/in/justin-noda-4b865719b/Facebook - https://www.facebook.com/justin.noda.1Instagram - https://www.instagram.com/justin_noda/?next=%2Fvineetsoni98%2Ftagged%2F&hl=daFollow Green Mortgage:Website - https://www.greenmortgageteam.ca/LinkedIn - https://www.linkedin.com/company/23719577Facebook - https://www.facebook.com/GreenMortgageTeam/Youtube - https://www.youtube.com/channel/UCi22cZ2zsdqk8AP-Xp6fgfQInstagram - https://www.instagram.com/thegreenmortgageteam/?hl=bgFollow Origin Financial:Website - https://originmortgages.ca/Facebook - https://www.facebook.com/originmortgagesX - https://twitter.com/originmortgagesInstagram - https://www.instagram.com/originmortgages/LinkedIn - https://www.linkedin.com/company/home-n-work-mortgages-inc/

If you enjoyed this episode, or are enjoying the Scalable REI show overall, show your support by buying the Scalable REI team a cup of coffee: https://www.buymeacoffee.com/scalablereiDarren Wright, despite facing the challenges of dyslexia and being an introvert, has demonstrated remarkable resilience and achieved significant success in his professional journey. He overcame academic setbacks in high school to forge a successful career as a licensed electrician, ultimately establishing and managing a thriving electrical contracting business.Mr. Wright's academic pursuits include earning a Bachelor of Science in Computer Systems Engineering and a Master of Science in Machine Neuroscience, reflecting his commitment to continuous learning and technological innovation.Furthermore, Darren Wright has received recognition as an accomplished Real Estate investor, with a diverse portfolio that includes house flipping and the acquisition of small multi-family rental properties. Following a personal setback involving the sale of his real estate holdings due to a divorce, Mr. Wright embarked on a fresh entrepreneurial endeavor.In collaboration with his wife, Dorothy, he founded Infinite Properties Inc., a company focused on acquiring and managing multi-family apartment buildings through strategic joint venture partnerships. Infinite Properties actively employs the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) model to identify investment opportunities. The company is responsible for overseeing all aspects of the investment process, from property acquisition and renovation management to comprehensive property management and accounting for all partners involved.Best Way to Contact Darren:infinitepropertiesinc.comHelpful Links:https://www.linkedin.com/in/the-darren-wright Episode Highlights: In this episode, Darren Wright  recounts his journey from house flipping to transitioning into multifamily property investments. He sheds light on Canada's unique financing structure facilitated by the Canadian Mortgage and Housing Corporation (CMHC), allowing for higher loan-to-value ratios and extended amortization periods. Darren explains his approach to discovering deals, including leveraging MLS listings and pursuing off-market opportunities through advertising.BEST CRM THAT WE USE: Looking for the best all-in-one CRM to scale your real estate investing business? Use the link below to sign up today: https://www.gohighlevel.com/main-page?fp_ref=scalable-reiBEST PHONE SYSTEM THAT WE USE: Looking for an optimal online phone system that can forward to your cell phone, directly integrate to your CRM, and be leveraged for your remote virtual assistant team? If so, use this link to save $20 today when you open a new account: https://openph.one/referral/NpnZPxX COFFEE!!! If you feel this episode provided a ton of value, show your support by buying us a cup of coffee: https://www.buymeacoffee.com/scalablereiLET'S DO SOME DEALS!!! Contact Mason to JV/partner on deals or passively invest by either emailing him at mason@scalablerei.comSchedule a call with Mason by using this link here: https://calendly.com/mason-klement/30minFollow Mason on Instagram to learn additional real estate investing tips and tricks: https://www.instagram.com/mason_klement_scalablerei

In this week's fall economic statement, Finance Minister Chrystia Freeland announced a new measure designed to give homeowners more flexibility when they are facing financial hardship. Business professor Yanting Wu joins us with a closer look at the Canadian Mortgage Charter.

Interested in joining the REI Masters Mentorship Program? Head to www.reimasters.ca Or email us at info@reimasters.ca   Got a question you'd like answered on the show? Email us at info@reimorningshow.com   1 on 1 Coaching Call with Wayne Hillier: 30 minutes - https://calendly.com/wayne-hillier-coaching/30-mins 60 minutes - https://calendly.com/wayne-hillier-coaching/60-minutes

Interested in joining the REI Masters Mentorship Program? Head to www.reimasters.ca Or email us at info@reimasters.ca   Got a question you'd like answered on the show? Email us at info@reimorningshow.com   1 on 1 Coaching Call with Wayne Hillier: 30 minutes - https://calendly.com/wayne-hillier-coaching/30-mins 60 minutes - https://calendly.com/wayne-hillier-coaching/60-minutes

Interested in joining the REI Masters Mentorship Program? Head to www.reimasters.ca Or email us at info@reimasters.ca   Got a question you'd like answered on the show? Email us at info@reimorningshow.com   Need some motivation?  Text Wayne Hillier 587-400-0721

Interested in joining the REI Masters Mentorship Program? Head to www.reimasters.ca Or email us at info@reimasters.ca   Got a question you'd like answered on the show? Email us at info@reimorningshow.com   Need some motivation?  Text Wayne Hillier 587-400-0721

The Bill Kelly Show Podcast: Without support and action, the affordability of housing will deteriorate even further than it already has. Guest: Bob Dugan, Chief Economist for the Canadian Mortgage and Housing Corporation - Hamilton's Sports Hall of Fame now has a home in the Eva Rothwell Centre! Guest: Ron Foxcroft, CEO of Fluke Transport and Founder of Fox40 International - For a country that's being investigated for foreign interference, China is seeing a pretty decent amount of trade with Canada that seems to be on an upswing. Guest: Marvin Ryder, Professor with the DeGroote School of Business at McMaster University

In todays show we talk about the Bank of Canada and its Rate Decision, We also look at the IMF and a recent study they released. We also look at CMHC, thats Canadian Mortgage & Housing Corporation and why they say the Canadian economy can't afford any more rate hikes, so buckle up, this a good one.  How the rate hike will affect your variable mortgage  IMF Reports high levels of household debt & large share of borrowing issued at floating rates are more exposed to higher mortgage payments resulting in a higher risk of defaults in Canada  46% of respondents in a CMHC said they must adjust their household budget. If you have any questions for the show or want to work with Nick and Dan please reach out to them on social media or send an email to tcreipodcast@gmail.com TCI Meetup Event  Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch Get a Pre Approval G & H Mortgage Group Analyze a Deal in Seconds & Track your Portfolio: https://www.lendlord.io/crei See omnystudio.com/listener for privacy information.

The show: The full interview with bonus material: A new rental unit built in Cobourg promised to provide affordable housing. The developer, Balder Corporation, constructed 71 units at the corner of William Street and University Avenue. It received a $15 million loan from the Canadian Mortgage and Housing Corporation or CMHC. For this, it would […] The post Town staff explain decision to support Balder rental development after affordable units questioned appeared first on Consider This. Related posts: Committee recommends apartment for condo conversion Inside look at the county and mental health association's collaboration to provide supportive housing in Campbellford Sleeping cabins put on hold as Cobourg council to offer land to county for affordable housing

Dan explains how the bond market works in relation to Canadian mortgage rates. Follow along the journey to a billion dollar net worth by subscribing to this channel so we know to continue posting content. Listen On All Major Podcast Platforms: https://anchor.fm/DanCrosbyCEO - Dan Crosby is a real estate investor, serial entrepreneur, and car enthusiast. Dan is the founder and CEO of Canadian Protein, one of Canada's largest e-commerce supplement brands with a market capitalization of more than $100 million, and Coachwood Capital, a real estate investment firm with more than $100 million in assets under management. Dan also owns Coachwood Golf & Country Club as well as the limo company Luxxis VIP. Dan discusses business advice, entrepreneurship, and the mindset that led him to a $200 million net worth and how he plans to get to $1 BILLION on this channel. Follow Dan on his path to a $1 BILLION net worth! Links to Dan's businesses: https://linktree.com/dancrosbyceo #realestate #bondmarket #mortgagerates #canada #investing

In this podcast, we sit down with Andrew Dryer of Outline Financial to discuss the current state of the economy and how it's impacting the Canadian real estate and mortgage industries. We dive into the differences between the Canadian and US economies, the recent rate increases, and the impact of bond yields on fixed rate mortgages. Our guest also explains how Outline Financial sets itself apart by working as a team to help clients with difficult deals and staying up-to-date on industry developments. Tune in to gain valuable insights into the Canadian mortgage market and the broader economic landscape. Be sure to follow the podcast feed on Apple or Spotify Podcasts for new episodes each week – we'll be discussing a range of topics with experts such as current market trends, strategies for financing and refinancing, purchasing, and selling real estate.Watch this podcast on YouTube: https://youtu.be/sLNgn5zxvpwSchedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Subscribe now to keep updated for more information.If you want to chat with us, do the following:1. Send an email at podcast@broadviewavenue.ca; or2. Send a direct message on my Instagram account below; or3. Book an appointment for a 15-minute video chat using the link on our website.If you're not ready to reach out and just want to follow for more, find us online:YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1 Instagram: https://www.instagram.com/kennethyimhomesTikTok: https://www.tiktok.com/@kennethyimhomesLinkedIn: https://www.linkedin.com/in/kennethyimhomesFacebook: https://www.facebook.com/BroadviewAvenueWeb: http://www.broadviewavenue.ca▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

#198: Dave Butler - Mortgages And How To Handle The Aftermath On this episode, Gary sits down with his good friend and mentor Dave Butler, President of BM Select, the #1 brokerage in Canada! Dave is proficient in the hustle & grind culture, and through many years of dedication and tenacity, climbed his way to the top with a strong focus on customer commitment and perfecting their onboarding process for a seamless client experience. Dave has built an empire based on relationships and ethical financing, one of the many reasons Gary exclusively refers BM Select to his clients and Smart Home Choice members.  Christopher Hummell joins the conversation to discuss what's happening in the market right now and the impact of inflation, what Dave thinks might happen, where the smart money is going and so much more! If you are concerned about your portfolio, or are still sitting on the sidelines trying to decide if real estate investing is still a good thing, this is the podcast for you! Gary and Darlene have opened up their one-on-one mentorship program to supercharge your investment game, new sessions start in September! Receive scheduled calls and classes to help define your passion, goal setting, whiteboarding and of course scaling your investment portfolio!  Check out https://garyhibbert.ca/vipmentorship/ for more info.  WHAT YOU'LL LEARN: How Dave became the #1 mortgage brokerage in Canada consecutively year after year What was involved in starting his own brokerage A deep look into the market right now The impact of inflation on his clients and their portfolios  Where Dave sees the market going in the future What the ‘smart money' is doing right now during these turbulent times Why it's important to remember RE investing is a long term game And, the NUMBER ONE thing you should NOT be doing at this time And MORE! Bio Dave Butler comes from a family with deep roots in the Canadian Mortgage industry. His Father, Mother and Brother all work in the Family Brokerage, Butler Mortgage.   Dave began his Mortgage Broker career back in 2002 at the age of 23 years old and it didn't take long for him to make his mark, winning the ‘Rookie of the Year' award and having the highest first year volume ever recorded at the time. From there he has never looked back, racking up Trophies and Awards as one the Nation's Top Mortgage Brokers, culminating in him being named Canada's #1 Mortgage Broker by volume four years in a row from 2017 to 2020.   Dave and his Family are regularly featured in the media as Canada's top Mortgage Experts including appearances on the CBC National Television program. Additionally, Dave has contributed to The Globe & Mail, The National Post, and The Toronto Star.  He is also a regular guest on AM1010's ‘Simply Real Estate' show and on many popular podcasts relating to the Mortgage & Real Estate industries. In 2020 Dave and his childhood friend/business partner, Daniel Patton, created their own unique brand of Butler Mortgage called ‘BM Select' that focuses on working with Clients that are looking for Strategic Planning and a more ‘service-first' mortgage experience.  This has led to a Customer base made up of current and aspiring Real Estate Investors as well as many First-Time Buyers and clients that are working with BM Select approved Real Estate Agents and Partners. Starting in 2021, with Butler Mortgage being recognized as one of the top ‘Lowest Interest Rate' brands in the Country and their BM Select brand leading the way in the ‘Full Service/Planning' category, Dave Butler stepped away from his position as Lead Agent and moved into the President & CEO role, focusing on taking their two brands to the next level.   This episode proudly sponsored by BM Select - https://bmselect.ca  Are you looking to become a millionaire through real estate investing? Then BM Select is for you! BM Select has helped more people become millionaires over the past 15 years than ANY OTHER mortgage brokerage in Canada! BM Select focuses on working with Real Estate Investors who are looking to begin or expand their portfolio, as well as specializing in working with customers that are engaged with our host of Realtor contacts across Canada. At BM Select we offer strategic mortgage solutions with dedicated Agent Support along with leading-edge Underwriting and Fulfillment Services that allow you to sleep well knowing your mortgage transactions are being handled by top quality professionals. To find out more, visit the website or email https://bmselect.ca       Other Links: Private Investing, visit https://deep-pockets.ca Real Estate Investment Club visit https://www.smarthomechoice.ca  Gary's mentorship program visit https://garyhibbert.ca  Start your own Podcast visit https://www.podcastexperts.ca 

More rate hikes from the Fed, the ECB, and the Bank of England. Are markets overly optimistic about the future of interest rates? Is the Canadian housing market nearing a bottom? We have Ron Butler join us for a guest interview to discuss the good, the bad, and the ugly in the Canadian mortgage market. Sign up for Shakepay with the promo code: LOONIEHOUR, and you'll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

In episode 207 of KT Confidential | The Real Estate Podcast, Adrian Trott and Ariel Kormendy discuss a recent CBC market place which goes undercover to reveal a more than concerning amount of fraudulent mortgages within the Ontario real estate market. This is such a big deal even TRREB has come out to make a public statement asking for CBC to release the names of those involved. Will CBC reveal the names of those involved? What should the repercussions be? How has this affected the current market? All of that and more on todays episode. ************************** Watch the CBC marketplace episode here: https://youtu.be/Y_wlnv5ns4I ************************** 00:32 - Intro 01:22 - Mortgage fraud 03:09 - Foreigners are targeted 05:14 - Fraudsters are everywhere. Beware 11:24 - The effect in the market 14:23 - Fines and punishment for fraudsters 15:09 - Forged documents 20:20 - Housing market stats 23:46 - Outro ************************** Want more real estate podcast discussions? Watch it here: https://youtu.be/uLhNb8fdHt4 Listen to it here: http://www.soundcloud.com/ktrealty Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott ************************** Our Social: Instagram: http://www.instagram.com/kormendytrott YouTube: https://www.youtube.com/user/kormendy... Facebook: http://www.facebook.com/kormendytrott Twitter: http://www.twitter.com/KormendyTrott Soundcloud: http://www.soundcloud.com/ktrealty LinkedIn: https://www.linkedin.com/company/ktre... Pinterest: https://www.pinterest.ca/KormendyTrott TikTok: https://www.tiktok.com/@kormendytrott... ************************** After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.

Well in case you missed it, CBC Marketplace uncovered both real estate agents and mortgage brokers offering to fake income documents for first time Canadian homebuyers ON CAMERA! In this week's episode of The Tom Storey Show, REALTORS® Steve Karrasch and Tom Storey discuss the exposé, and mortgage fraud in their real estate markets of Toronto and Greater Vancouver. CBC Marketplace: https://www.cbc.ca/news/business/marketplace-mortgage-fraud-1.6614132 Jessie McLellan breakdown: https://www.youtube.com/watch?v=Mde0aTqeCEo&t=2s #cbcmarketplace #mortgagefraud #realestatecanada - - - *** JOIN MASTERS ACADEMY *** Save $200 by using this link: https://richardrobbins.isrefer.com/go/MA-TS-SK/storey/ Learn more about Masters Academy hosted by RRi November 14/15, 2022 in Northern Toronto: https://www.richardrobbins.com/event/masters-academy-nov-2022-storey/ - - - DOWNLOAD LENDLORD for free OR get 90 Days of the paid version using this link: https://www.lendlord.io/tomshow - - - Subscribe on YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg?sub_confirmation=1

Today, we're joined by Jason Henneberry. Jason is an "industry disruptor" from Duncan, BC, who's the founder of businesses and programs such as MortgagePal, DocAssist, Lender Spotlight, and many more.   Jason is here to discuss some of the innovative businesses and programs he's created in his career, becoming a coach in the 10 Loans a Month Academy, and what's next for him.   In today's "Ask The Expert" segment, we have Ben McCabe from Bloom discussing life with a reverse mortgage.   Jason's 1st ILMB Appearance in Episode 184: https://mortgagebroker.podbean.com/e/152-jason-henneberry-of-lenderspotlight-shares-how-he-built-his-business/   Jason Henneberry's Newsletter: www.whatsnew.mortgage VIP Club Website: www.thevipclub.io Fundible Website: www.fundible.ca Tango Financial Website: www.tangofinancial.ca   Bloom Finance Website: www.bloomfin.ca/ilmb   The I Love Mortgage Brokering Network is brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   If there's someone you think would be a great guest for the show, visit: www.podcastwithscott.com   Follow on TikTok: @tiktok.mortgagebroker   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about BRX Mortgage: www.rookietorockstar.ca   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Find out more about the 10 Loans A Month Academy: www.10loansamonth.com

Today, we're joined by Leo Anzoleaga. Leo is the Senior Vice-President of Residential Lending at Draper and Kramer Mortgage Corp. from Washington, DC, who's been in the industry almost 20 years.   Leo is here to discuss the relationship between the federal funds rate and the economy, how the flight to safety is affecting mortgage rates, and why rates are coming down in the US.   In today's "Ask The Expert" segment, we have Tom Hall from BluMortgage discussing leaning into your realtor relationships.   Leo Anzoleaga's Website: www.leoscircle.com Leo Anzoleaga's Instagram: @leoanzoleagagroup YouTube Masterclass on Rates, Recession & Real Estate: https://youtu.be/WzOMQHAU7SI   BluMortgage Website: www.blumortgage.ca/ilmb   The I Love Mortgage Brokering Network is brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   If there's someone you think would be a great guest for the show, visit: www.podcastwithscott.com   Follow on TikTok: @tiktok.mortgagebroker   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about BRX Mortgage: www.rookietorockstar.ca   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Find out more about the 10 Loans A Month Academy: www.10loansamonth.com

Abby Hughes - July 8, 2022Housing bubble! Sold-over-asking! High borrowing rates! If those words make you cringe, you're probably one of the many Torontonians feeling squeezed by the housing market. And according to the Canadian Mortgage and Housing Corporation, if we want affordable housing, Canada will need to build an extra 3.5 million homes on top of what we're on track to build by 2030.A housing advocate and a senior research fellow at Toronto Met's Centre for Urban Research and Land Development weigh in on the CMHC's target, and how to meet the housing demand.Plus, Abhay tells us about Lavender Literature - a sapphic youth group in the city that started as a book club.

Roy L Hales/ Cortes Currents - Many of you have probably seen the real estate adds in the Tideline. Two significant parcels of land are being sold as part of a much lager vision. Cortes Community Housing intends to have the Rainbow Ridge project ‘shovel ready' for funding by 2023. They have previously applied for funding from BC Housing three times. “Twice for Rainbow Ridge and once for the Senior Society expansion. What we're doing now is getting ready for our third attempt to win funding from BC Housing for Rainbow Ridge,” explained Sandra Wood, Executive Director of the Cortes Community Housing Society. “We're also working with Vancity credit union. They are helping right now with preconstruction expense. “So we have an opportunity to partner with Vancity credit union. We have an opportunity to partner with BC housing. Once one of them says, ‘Yes, your business case for Rainbow Ridge makes sense based on what it's going to cost to build and the income that's going to come in once it's fully occupied,' then we can also get CMHC, which is the federal government Canadian Mortgage and Housing Corporation to be a co-investment partner. They will only join the project once we've been select buy a bank or by BC housing.” She explained that all of the communities on Vancouver Island and the surrounding islands are competing for the same pool of funding from BC Housing. “The next intake from BC housing has not been announced, as far as when they will accept grant applications, but we believe it will be sometime in 2023. We hope it will be the spring of 2023,” said Wood. “What we're trying to do right now is make Rainbow Ridge a shovel ready project, so that it's a really easy decision for BC Housing to choose Cortes island.” Rainbow Ridge is currently in the Design Development phase and hired Iredale Architects to find less expensive way to build 24 townhomes. They are awaiting approval from the Ministry of Transportation for the 6 acre subdivision's road design. The project contractor is preparing an up to date budget, which will be costed in the autumn. The new plans will be shared with the community at a Town Hall meeting in October. “In addition to coming to BC Housing with those plans, we also need to come to the table with some cash. I know it's gonna be a big, expensive project and the more money that we can bring to the table, the more attractive it will be to BC Housing or any other funder,” said Wood. This is where the real estate sales come in.

It's that time of the week where we take a look past the veil into the stories that don't get the attention they deserve in Ottawa. Guest host Jody Vance checks in with Managing Editor of Blacklock's Reporter Tom Korski. Tom tells Jody why the Canadian Mortgage and Housing Corporation is trying to get involved in home sales, why the online black market for cannabis out sales the legal market & why a change in the Criminal Code has outraged Conservative and NDP MP's. Let's get talking See omnystudio.com/listener for privacy information.

Today, we're joined by Bekim Merdita. Bekim is the Vice-President of Edison Financial, a new entrant in the Canadian mortgage space created in 2020 with investments by Rocket Mortgage from the US.   Bekim is here to discuss why they started Edison Financial, what they've learned from Rocket Mortgage in the US, and differences between the Canadian and US markets.   In today's "Ask The Expert" segment, we have Ben McCabe from Bloom Finance discussing how to get a reverse mortgage done in 10 days.   Bekim Merdita's Twitter: @Bekim_Merdita Bekim Merdita's Facebook: @BekimMerdita Bekim Merdita's LinkedIn: @BekimMerdita   Edison Financial Website: www.edisonfinancial.ca Edison Financial Twitter: @EdisonFinancial Edison Financial Instagram: @EdisonFinancial Edison Financial Facebook: @EdisonFinancial Edison Financial LinkedIn: @EdisonFinancial   Bloom Finance Website: www.bloomfin.ca/ilmb   The I Love Mortgage Brokering Network is now brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about ILMB Mortgage Pros: www.rookietorockstar.ca   Find out more about the $25 Million Dollar Blueprint: www.get25million.com

Learn about the Smith Manoeuvre Robinson lives in Victoria, BC, with his wife, Heidi, and their dog, Harley. Having dined and mingled with the likes of Henry Kissinger, Prime Minister Jean Chretien, and the Premier of China, while still managing to maintain a staggering air of superiority. He has an extensive history in the investment space, both international and retail. Robinson has spent a total of just over seven years studying and working in China in foreign trade and investment banking including serving as Vice President for The Balloch Group, a boutique international investment bank based in Beijing founded by the former Canadian Ambassador to China. Robinson joined his father, Fraser, at Smith Consulting Group Ltd. back in early 2006 when he returned to Canada from Asia. Over an advisory career spanning 12 years, Robinson guided over 500 families on the implementation of The Smith Manoeuvre mortgage conversion strategy and built a nine-figure book of business. In the middle of 2018, Robinson sold his advisory practice to write his book, - Master Your Mortgage for Financial Freedom (which hit #1 in 22 categories on Amazon on launch day), developed the new and improved - Smithman Calculator, and - The Smith Manoeuvre Homeowner Course, for Canadians who want to expand their understanding of the strategy. Robinson has also established The Smith Manoeuvre Certified Professional Accreditation Program whereby financial professionals from across Canada earn accreditation as Smith Manoeuvre Certified Professionals in order to best serve Canadian homeowners. How to reach Robinson Smith Facebook = https://www.facebook.com/TheSmithManoeuvre/ Email = info@smithman.net Website = https://smithman.net Receive GTA Off-Market Deals & Passive Small to Mid-Size Apartments Deals Across Canada Right Now! Click Here to Sign Up absolutely FREE: https://pages.watsonestates.ca/ Find Us: www.linktr.ee/WatsonEstates This is not advice, just our analysis of the market. If you enjoyed the video consider subscribing. We always love to hear feedback and comments. Tell us what you think!

We talk with bestselling author Robinson Smith about the Smith Manoeuvre, a way for Canadians to create tax deductions from the mortgage loan on their principal residence. Learn how to get a special "re-advanceable" mortgage that combines your mortgage loan with a line of credit. Use the line of credit to make further investments. Over time, the Smith Manoeuvre gradually converts your non-deductable mortgage loan interest to tax deductable investment interest. Rob explains exactly how it works. This strategy is allowed by the Canada Revenue Agency (CRA), and these special re-advanceable mortgages are offered by the big five banks in Canada. #smithmanoeuvre #mortgages #realestate Contact Rob Smith at: robsmith@smithman.net https://www.smithman.net Check out Rob's bestselling book here: https://www.amazon.ca/Master-Your-Mortgage-Financial-Freedom/dp/1999171608/ref=sr_1_1  

Looking for an income solution with little to no credit risk? In this episode of Inside Investments, Rob Butler speaks with Director and Portfolio Manager of Exchange Traded Funds, Matt Montemurro, about the advantages of investing in the $500 billion Canadian MBS market, and the significant structural differences from its U.S. counterpart. Listeners will hear how BMO Canadian MBS Index ETF (ZMBS) has democratized the asset class for investors, providing direct access to a strategy previously only reserved for institutions that bolsters portfolio yield – and offers stability and assurance at the same time.   ETFs mentioned in the podcast: ·       BMO Canadian MBS Index ETF (ZMBS)     Disclaimers The viewpoints expressed by the Portfolio Managers represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual's investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination. BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence. 

Mr. Dhillon is the President, CEO & founder of Mainstreet Equity Corp (TSX: MEQ). Mainstreet has achieved a 1,270% total return on investment from Sept 2003 - Sept 2014, making it Canada's highest performance real estate company. Mainstreet's assets are valued at over $2 billion, consisting of almost 14,500 apartment units in Western Canada. Mainstreet is a market leader in improving the lives of middle-class Canadians in terms of affordable rental accommodations. Mr. Dhillon is the owner of National Payments, a Visa and MasterCard approved Merchant Processing business for the financial service industry. Mr. Dhillon currently sits on the Canadian Mortgage and Housing Corporation (CMHC) Board, the biggest Canadian Crown Corporation. Mr. Dhillon is also the Honorary Consul General for Belize in Canada. In Belize he owns a private 3,000-acre island that he is developing into a world-class resort. Mr. Dhillon is also the author of the published book ‘Business and Retirement Guide to Belize', currently in its second edition. In March 2018, The University of Lethbridge, in honour of Bob Dhillon, renamed their business school to the Dhillon School of Business, which aims to provide innovative approaches to education with an emphasis on futuristic learning. Mr. Dhillon completed his MBA from the Richard Ivey School of Business at the University of Western Ontario in 1998. Follow CRELIBRARY: Youtube: https://www.youtube.com/channel/UCyQ3EDKZqW2t62aq5Q0cRBw Linkedin: https://www.linkedin.com/company/crelibrary/ Apple Podcasts: https://podcasts.apple.com/ca/podcast/commercial-real-estate-library/id1437946062 Spotify: https://open.spotify.com/show/54qf2EJwnrsYn0EC2TnJo3 www.crelibrary.ca

Gary Mauris co-founded what would become the most transformative company the Canadian mortgage space has ever seen. He is known as one of the sharpest, most ambitiously aggressive people working the industry. With over 7,000 agents across the country, and over $50 billion in funded mortgages, Gary says he works for his agents, not the other way around. Gary learnt early on in his life the importance personal development, building authentic, emotional, and unexpected connections. Gary says ‘if you want to do extraordinary things, it takes sacrifice'In this episode Gary welcomes us into his world of how he navigates negativity, and conquers fear. At a time right now when real estate is at an all time peak, you may be wondering what to do next and how to take advantage of this opportunity, you couldn't ask for better insight and expertise than Gary Mauris'. Highlights:Why the pandemic has pushed ahead the financial industry by 10 years.Why it's important not to look within your own industry to become better.How is $200 billion more dollars is sitting in Canadian bank accounts due to the pandemic affecting the real estate and mortgage industry?Gary's top three habit recommendations to succeed in any area of life.LEVEL UP, Gary's is high performance training focused on helping people to improve their skills as a mortgage broker and business professional.  Gary was a C student, with no college degree, and is now one of the smartest business men. What was his path to getting here? Family life as a Husband, and Dad flying home every Friday wherever he was due to work (on average travelling 130 days/year), to spend the weekend with his family.  Why Gary lives by the saying, ‘you're not living until you're giving'. Gary's Mauris LEVEL UP (click here)Gary Mauris Facebook: facebook.com/gary.mauris/Gary Mauris Instagram:  instagram.com/garymaurisYou can listen to the Hooked On Habits episode featuring Gary Mauris on Apple Podcasts, Spotify, Google Podcasts, iHeart Radio, Amazon Music, Podcast Addict, and Stitcher. If you enjoy the podcast, please leave a review! It takes less than 60 seconds, and it really makes a difference in helping the Hooked on Habits podcast to grow. Instagram: instagram.com/mandygilldotcomFacebook: facebook.com/mandygilldotcomTwitter: twitter.com/mandygill

Learn how to leverage a downpayment to live (effectively) for free in 2021! This example takes place in Toronto, but the methodology can be applied anywhere. The concept revolves around using a principal downpayment and renting a basement to effectively live for free after factoring in the home equity. Topics: - Mortgages - Downpayments - Interest vs equity payments - Renting an Apartment - Pro tip about Canadian Mortgage and Home Corporation insurance (CMHC) Timestamps: 0:00 Intro 0:50 Agenda Topics 1:48 Finding a Listing 3:22 CMHC Pro Tip 4:42 Principal vs Interest 7:12 Thank you --- Send in a voice message: https://anchor.fm/smart-money/message

In this episode of Inside Modular, Kevin Read, President & CEO of Nomodic, talks about the founding and growth of the company and about how the recently launched Rapid Housing Initiative by the Canadian Mortgage and Housing Corporation is quickly changing the affordable housing landscape in Canada.

In this episode of #TechInTheCity, Yvonne talks with mortgage industry leader, Bekim Merdita of Edison Financial, a new digital mortgage startup proudly based in Windsor, Ontario. We talk about Edison's partnership with Rock Holdings Inc., the parent company of Quicken Loans®, its mission to transform the Canadian Mortgage industry, COVID-19 impacts, job opportunities, and discuss the company’s "for-more-than profit impact” plan.Episode Guest: Bekim Merdita, VP of Market Development at Edison Financial. As a digital mortgage startup, Edison provides excellent customer service and a streamlined, modern experience to defy expectations of the Canadian mortgage industry. Using Lendesk Spotlight – a search platform that compiles all lender rates and policies into one place and updates it daily - Edison has industry-leading technology along with extensive knowledge of the Canadian mortgage process. Edison Financial will be located on the second floor of Rock Holdings’ Rocket Innovation Studio in downtown Windsor (156 Chatham St. W), formerly the Loop/Fish Market building. Follow Edison Financial on Social Media at @EdisonFinancial. Links to Other Resources Mentioned in this Podcast:Quicken Loans (Windsor Office) Photos and History: https://bit.ly/3fox5Rw Edison Financial Careers: https://edisonfinancial.ca/Rocket Innovation Studio Careers: https://www.myrocketcareer.com/ 

On this episode of The Your Life! Your Terms! Show we chat with Dave Butler of Butler Mortgages about the new "Risk Manager" role at the banks and we get the latest rate updates on both fixed and variable. We also discuss the latest on the deferral mortgage programs and what investors need to be aware of, income requirements going forward, credit scores and more! Good times with our friend Dave Butler.

While we had some idea a couple days ago about a report from the Canadian Mortgage and Housing Corporation about foreign investment in Vancouver, we now have concrete dollar amounts as well as how we compare to the rest of Canada. Seventy-five billion dollars. That's the amount of real estate in the lower-mainland tied to people offshore, and owners who are not residents. We've always known that there was a lot of foreign investment in the city, but these new numbers paint an alarming picture with a far greater discrepancy than previously thought. Guest: Andy Yan Urban Planner/Adjunct Professor at SFU

Chapter 1

Risk factors that influence mortgage qualification guidelines See acast.com/privacy for privacy and opt-out information.

Photo: (Jacob Smith/900 CHML) 1 in 5 Canadian couples say that their other half doesn't know how much debt they're in. Guest: Carolyn Humby, Investment Advisor at FirstOntario Credit Union. According to a CMHC report, the housing market for some neighbourhoods is still hot despite the sector cooling off overall. Guest: Marvin Ryder. Business Professor, DeGroote School of Business, McMaster University.  Guest: Anthony Passarelli, Senior Market Analyst, Canadian Mortgage & Housing Corporation. A yoga studio in Hamilton has classes that cater to those with PTSD, mobility issues and older persons. The operator herself is a two time cancer survivor and stroke survivor. Guest: Diana Meskauskas & Sheilah Laffan, Quite a Stretch Yoga and Zumba.

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!Show notes:02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years03m10s - How Pierre-Paul started in real estate investing04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome10m30s - travel was and is a big part of Pierre-Paul's life11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family13m40s - Pierre-Paul is an early riser!14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife. 16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards. 18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids. 19m42s - Dealing with regret about leaving a good job with a government pension.21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles) 32m00s - Tony Seba on Clean Disruption of Energy and Transportation  34m00s - Bitcoin and Blockchain technology by Don Tapscott 37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process." 42m21s Pierre-Paul has a brand new free video series, link below:  https://wp.me/p7ZLAq-cx

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!Show notes:02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years03m10s - How Pierre-Paul started in real estate investing04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome10m30s - travel was and is a big part of Pierre-Paul's life11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family13m40s - Pierre-Paul is an early riser!14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife. 16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards. 18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids. 19m42s - Dealing with regret about leaving a good job with a government pension.21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles) 32m00s - Tony Seba on Clean Disruption of Energy and Transportation  34m00s - Bitcoin and Blockchain technology by Don Tapscott 37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process." 42m21s Pierre-Paul has a brand new free video series, link below:  https://wp.me/p7ZLAq-cx

Nick met Dave many moons ago when he was flipping his first property and went firm on a real estate deal without an approved mortgage. Dave saved the day and since then we've been working together on thousands of different real estate transactions. Dave shares how he started in the mortgage industry, we chat mortgage solutions, interest rates and discuss how his entrepreneurial spirit started way back in high school when a bookie left the school. We had a ton of fun recording this episode, we'll definitely have Dave back on again soon. Enjoy!

What better source for an in-depth analysis of our market than CMHC Chief Economist Bob Dugan?  Adam and Matt dig deep into the tools used by the Canadian Mortgage and Housing Corporation in an effort to make sense of the wild swings we have seen in the market in the past few years.  Bob also offers some insight into what the market has in store for us in the near future.  Check out the latest CMHC Housing Market Assessment for Vancouver HERE.

Photo: (Graeme Roy/THE CANADIAN PRESS) Hamilton's public school board is concerned that the Ontario election next year will affect its plan for Sir John A McDonald. The board had asked the provincial government for funds to consolidate two schools on the land where Sir John A resides. Guest: Todd White, Board Chair and Ward 5 Trustee with the Hamilton Wentworth District School Board. How does the summer break affect a child's learning? Research suggests that all play nad no homework can lead to a bumpy start to the school year. How can parents be prepared? Guest: Annie Kidder. Executive Director, People for Education. There is no guarantee that the Waterfront trail by Bayfront Park and Princess Point will reopen this year, due to uncertainty over the extent of flood damage. Guest: Kara Bunn, Manager of Parks and Cemetaries, City of Hamilton. Incomes in Hamilton have remained flat even though the cost of buying a home have continue to rise. Guest: Lou Piriano, President of the Realtor's Association of Hamilton-Burlington. Guest: Anthony Passarelli, Senior Market Analyst, Canadian Mortgage & Housing Corporation.

Jason Scott talks with Richard Goatcher, an Economic Analyst at CHBA Alberta.  [smart_track_player url=”https://iloveedmontonrealestate.com/wp-content/uploads/2018/09/ilre-edmonton-014.mp3″ title=”Richard Goatcher Shares His Insights On The Alberta Economy And The Canadian Mortgage Industry” image=”https://iloveedmontonrealestate.com/wp-content/uploads/2017/02/JasonSPodcast2017.jpg”] Introduction Richard Goatcher is an Economic Analyst at CHBA Alberta, Director of Research at the Edmonton Housing Research Corp, and the principal owner of Goatcher Consulting.  Jason and... Continue reading →

The number of residential units in Metro Vancouver in 2016 reached a number that broke the record set decades ago. According to the Canada Mortgage and Housing Corporation (CHMC), there were 27,914 housing starts in the region last year, up from 20,863 in 2015. Guest: Robyn Adamanche- Principal Market Analyst (Vancouver), Canadian Mortgage & Housing Corporation

CEO of OREA joins the Oakley Show to talk about a recent stress test by the Canadian Mortgage and Housing Corporation.

The Canadian Mortgage and Housing Council has released their first "red" warning for the national housing market yesterday. Their report says homebuyers are being priced out of markets and that the problem is spreading out of Toronto and into Hamilton. Hamiltonians are moving out of the city in greater numbers to cities such as Brantford and St. Catharines. Why are housing prices out-pacing wages and how can we cope with the changing landscape?  Guest: Conrad Zurini, RE/MAX agent

The Canadian Mortgage and Housing Council has released their first "red" warning for the national housing market yesterday. Their report says homebuyers are being priced out of markets and that the problem is spreading out of Toronto and into Hamilton. Hamiltonians are moving out of the city in greater numbers to cities such as Brantford and St. Catharines. Why are housing prices out-pacing wages and how can we cope with the changing landscape?  Conrad Zurini, RE/MAX agent.  Garbage collection has been a contentious issue in Hamilton. The City has been discussing the possibility of going to a system where garbage is collected every other week. Can you live with bi-weekly collection or are you against the potential decrease in your garbage collection service? Guest: Chad Collins. City Councillor, Ward 5, City of Hamilton. 9 As Halloween approaches it's getting darker earlier and limited visibility conditions while driving become more common. Traffic incidents spike this time of year due to these conditions. What can we do about it and how to do you stay safe while driving and as a pedestrian? Pam Foster, Adult Trauma Nurse Clinician, Hamilton Health Sciences

Yousry is currently the President and CEO of Kanetix, the leading provider of online insurance marketplace.  He has served on numerous boards and been Chairman of several.  After holding senior executive roles with two of Canada's Yousry decided to step up his game becoming President and CEO of Filogix, a technology provider to the Canadian Mortgage broker industry.  Select Accomplishments at Filogix: - Grew revenue from $3 m to $60 m- Turned bottom line losses into $21 m EBITDA- Acquired and successfully integrated ten companies- Sold two divisions with a good return to shareholders- Changed shareholders three times while meeting or exceeding ROE hurdles for each- Invested in and successfully deployed significant system infrastructure for new software and database for financial institutions across Canada- Increased market share from 7% to over 50% of all Canadian mortgage originations  Yousry shares many leadership insights as he walks us through many of his career experiences.