Helping Homeowners Reduce Interest, Pay Off Their Mortgage, and Build Wealth Faster
Brent Richardson
Principal Mortgage Broker, Certified Financial Planner (CFP®), President of Altrua Financial Inc.
- Over 16 years of industry experience with 1800+ mortgages personally approved: Get a fast 1 day approval, increase your approval limit, lower your payment and rate. Get better mortgage options and approval results.
- Considered a Canadian mortgage thought leader: Get personalized answers to your questions, pre-approval information and quotes for exclusive low mortgage rates.
- Certified Financial Planner (CFP®) credential: A unique tool set to help you reduce interest costs, save on income tax and build wealth faster.
- Determined to lower your rate and help make your approval a breeze.
Join the Community!
>> Follow on the X platform for financial advice, timely market updates and answers to your questions <<
BoC rate cut sentiment for June is diverging into two camps:
(1) The market is now indicating a 74% likelihood for a June cut, while
(2) Tiff and Co, and some top economists are indicating more time is needed
Who's right? The market, the economists or neither?
In the mortgage industry we definitely see ultra diligence from banks, with multiple application scrubs/background checks even after 100% financing confirmed
If a bank is not comfortable with an application at any point, they will drop it like its hot
The penalty is for five violations during a review between March 2022 and March 2023: Fintrac
www.advisor.caTiff Macklem, in testimony to the Senate Banking Committee yesterday said:
"We are seeing what we need to see, but we need to see it for longer to be confident that progress toward price stability will be sustained"
This probably means no June cut
Canadian manufacturing continues to suffer in April... not a big surprise, unfortunately...
Yet another flick at the BoC to cut rates this summer
Canadian manufacturing activity slowed in April, extending a lengthy period of contraction for the sector, as output and new orders fell at an...
ca.finance.yahoo.comFixed mortgage rate spreads (lender profits) are much smaller than variable rate spreads these days
This leaves more room for VRM 'prime minus' lender discounting, as we recently see with TD Bank slashing their VRM to 6.19% (p-1.01) for an uninsured rate
Src: ...@MtgLogicNews
I sold my rentals last year.
I was expecting a big tax bill due to the capital gains.
But I ended up with a $4,500 refund.
How?
Partially because of the +1 in the calculation of the principal residence exemption (PRE):
👇
Canadian GDP per capita has shrunk for 7 quarters or almost 2 years. This puts downward pressure on mortgage rates.
After a temporary uptick in January, GDP growth in Canada continues to slow in Feb and March resulting in a 7th consecutive Quarterly per-capita decline
That's almost 2 years of negative growth in Canada!
Serving the Best Mortgage Rates in Ontario
We’re Ontario mortgage brokers serving clients the best mortgage rates in Ontario. We use encryption and high-level security to ensure your information and privacy always remain safe. Our approval process has been engineered from start to finish with you in mind, for a pleasant and enriching mortgage experience. Connect with us today and see the difference for yourself.