Angry Mortgage

Send us Fan Mail When we record the Pod on Friday there was still debate when Tariffs will start & whether Oil & Gas would be a carve out but please hear this: the volatility on Mortgage Rates is big. Huge fluctuations in 3 & 5 year bond yields are creating a Roller Coaster effect which may lead to lower rates this week Resale Purchase business had ticked up in January but still tons o...

Send us Fan Mail Scott is the Manager for the Biggest Private Consumer Insolvency Firm in Ontario: Hoyes Michalos. Insolvencies based on Real Estate related issues have soared in the last 18 months.& Scott has the insights & analysis from the ground floor of the financial disaster zones The lessons of Co-signers, the perils of building a rental empire, the confluence of everything going wr...

Send us Fan Mail Sometimes you must investigate what is going in the trenches of the mortgage business: what are borrowers saying, what they are they thinking. This week we have Sacha Fabry a Front-Line Mortgage Broker at our company who is fielding over 100 calls a week from mortgage borrowers. What kind of mortgage do they want, how bad are the renewal increases, is there really a mortgage rate...

Send us Fan Mail We needed a bigger Podcast to accommodate one of the most important people in the Mortgage Business: John Webster. John's contribution to the Mortgage Brokerage space is legendary & we cover the history of his innovations, breakthroughs & domination of Mortgage Broker Origination. We touch on Housing Policy, Mortgage Qualification & the implications of the new LTI...

Send us Fan Mail Rob is back on the show a record fourth occasion because well, he's just that good a guest. Let's talk Mortgages: what's the truth about the massive renewal year we will have in 2025, huge boom for mortgage professionals or total bust as incumbent lenders match every rate offer. What about home buyers? Where are they? Are there any First time home buyers? What about...

Send us Fan Mail Our special Guest is the Founder of Veritas one of the original Independent Financial Research Firms in Canada. Anthony is one of the few Researchers who employes Street Level investigations to reveal the truth about markets: wait till you here the story of going out & buying Condos to understand the sales tactics used by Developer’s Agents, the make-up of the Buyer Pools &amp...

Send us Fan Mail Our Special Guest is a one of the true Masters of Social Media & has a massive & loyal following on Tik Tok. We delve into what makes Social Media Marketing work, what doesn’t work & how you should do it. The aftermath of the Bank Of Canada Cut, Yesterday New Mortgage Guidelines came into effect: review & what to expect. Why the heck are homes so far away from Vanc...

Send us Fan Mail Bad Jobs Report up to 6.8% worse news for Ontario: 7.6%, only Alberta & Quebec created any employment growth. Bank OF Canada Announcement on Wednesday: Will they cut 50 BPS? Many think so. 25 BPS is guaranteed. Much MORE important the cuts will keep coming, expect a 2.50% BoC rate by Summer 2025. Let’s get clear, the correct answer to 75% of the “Which Mortgage” question is Ta...

Send us Fan Mail We made it to 100 which is quite an accomplishment for an old guy. Big News on Mortgage Rates, how fixed rates & Variable are diverging at this moment in time. How much? What’s the right strategy, Ron Breaks it down. Will the Bank of Canada continue to cut? Ron gives his reasons. New sneaky elements to the Toronto Condo Crash, what if the Developer offers a $50K Credit to Pre-...

Send us Fan Mail No Stress Test On Renewals is the good new story of the Week, we dig into the details. We need to improve the ability for people with renewing mortgages to SHOP. In a country with just 6 Big Banks running the mortgage business its critical to be to shop for a better rate at point a mortgage renews A major step forward on ending Mortgage Document Fraud in Canada: are we close to ge...

Send us Fan Mail Canadians are hearing a lot of warnings about Fixed Mortgage Rates going up. Is it true? Will Fixed Rates Go Up? They actually have already by a tiny amount but is that just noise of the start of a Trend Upwards. We do the analysis & figure out what’s really going to happen. The incredible Canadian Immigration Disaster: What happened? What went wrong? What’s going to happen ne...

Send us Fan Mail One enormous lesson from the US Election is that a Government’s or an economist’s view of a national economy is TOTALLY different from want an average person feels about how they are doing & those people will vote the Government OUT if they think they are worse off. Same In CANADA? Rate Review. Viewer Questions. And the incredible story of how one company screwed 10’s of thous...

Send us Fan Mail A lot Has Changed For The Big 5 Banks Since 2016: And They Did VERY WELL. B-20 Restrictions & then B-21 & then Stress Test increases & host of rules designed to tighten down on how Banks can lend had the amazing result of creating Super Select Borrowers for the Big Banks, so far during a massive increase in Rates & a tightening Canadian economy 90 Day Default Rates...

Send us Fan Mail This is Rob’s THIRD time on the Podcast even if Ron completely forgot to introduce him (WTH) So MUCH mortgage stuff to cover. Newest rumors of future Emergency 50 BPS Rate Cuts by the Bank of Canada in December. Important questions about who can benefit from CMHC rule changes. What’s going to happen to Real Estate prices? SUDDEN REVERSAL by Ottawa on Immigration: what’s going to h...

Send us Fan Mail We are lucky to have a true expert on the Pod today, Daniel Foch researches & analyses Real Estate Development from the initial Land Purchase, approval, construction all the way to the final buyer who will live in the home. And although the Toronto Condo Crash may seem regional it has the potential to impact the whole Canadian economy: 50K Dog Crate Condos that will be finishe...

Send us Fan Mail The new CMHC Program has driven a small group of Realtors WILD, way to much rule twisting. If we are going to DOUBLE the CMHC limit & allow it on Refinance (YIKES) lets PLEASE bring an end to Mortgage Document Fraud. It’s just TIME, there is too much RISK with $1.9M loans (including Insurance Premium) Hey Federal Government take the pledge: CRA linkage NOW. Turns out 45 year o...

Send us Fan Mail Ron was on the panel at a great Housing Conference hosted by Veritas last week & there was a ton of great info: Things in the GTA Pre-Construction Housing Market are even worse than we thought: Closing Cliff is rolling at us, Mayhem in the Assignment Market, in 5 years there will be NO MORE NEW CONDOS…… yeah I know it’s wild. What is happening when you have a Variable Rate, th...

Send us Fan Mail No Stress Test On Renewals coming soon. We have the details & the reasons  Mortgage Rates Keep Falling, 3.99% on CMHC 5 – Yr Fixed, when do all mortgage terms start with a 3? It’s possible to make mistakes on Mortgage Terms and Deadlines for Rule Changes: Let’s review how it all works & avoid any costly errors. And Ron’s Rant about $68M in Tax Payer dollars just LIT ON FIR...

Send us Fan Mail Quite a week in Mortgage World, we cover the Big CMHC announcement, who is it all really for? So many big moves on the Rate Front: the US Fed rocked interest rate world & BoC Governor Tiff Macklem was ecstatic (even if he won’t admit it) Some really interesting Viewer Mail: Why the Hell AREN’T those Variable mortgage payments coming down when the Prime Rate IS coming down. And...

Send us Fan Mail Wow, this was a total shock, the Federal Government kept this under wraps: CMHC Amortization From 25 years to 30 years for EVERY First time Home Buyer not just New Construction Homes but the BIGGEST thing $1.5M instead of $1M Cap on Government  Insured Mortgages. Yes Folks, a $1.5M home in Canada is actually a STARTER HOME. Because the truth is if the Key Government Sponsored Hous...

Send us Fan Mail Unemployment hit 6.6% Is the Canadian Economy headed for the dreaded “R” Word? Shhhhhh…. Nah I will say it: RECESSION. One Employment Report does not mean Recession but a constant trend, and we’re 4 in a row is a bad trend & if it keeps heading past 7% then 8% is next in line. Ron breaks down the crucial indicators that point toward more job losses. Rates keep coming down, is...

Send us Fan Mail The Bank of Canada Meeting is Sept 4th & the Rate Cuts will keep on coming: how many should we expect? There is a lot of reporting “Noise” about the Canadian economy, what’s important, what’s not & how to tell the difference. The kids are back in school the Summer is almost over: The Fall Real Estate Market is about to start….. Or is it? Let’s discuss. RBC CEO Dave McKay d...

Send us Fan Mail Huge Shift In Thinking From Central Bankers. Last week many of the worlds Central Bankers met at their Annual Conference in Jackson Hole Wyoming & the ending speech by Fed Chairman Jerome Powell signaled a complete change: inflation is no longer an issue, now it’s the speed of cuts to save economies. Time to think of Variable Mortgages again? We break it down. Are some Home Bu...

Send us Fan Mail Another Government Scandal? Has The Temporary Foreign Workers Program which has been great for years been hijacked into a kind of modern servitude? Has our Government actually engineered Wage Suppression to keep Canadians poor? Has this previously great program has turned into cheap workers for Fast Food restaurant owners? Jann is under the weather so Ghaith from our Sales Group f...

Send us Fan Mail What happens next as rates fall, will RE prices take off? What is the right mortgage product to choose today? Still 3 – YR? What about 1 – YR? Variable harmed many Mortgage Holders but is it time to reconsider? New Home Construction collapses in Ontario, what’s the reason? Is there a Solution? CMHC’s Multifamily Rental Program was doing some good so naturally it was changed for th...