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

Bad Jobs Report up to 6.8% worse news for Ontario: 7.6%, only Alberta & Quebec created any employment growth. Bank OF Canada Announcement on Wednesday: Will they cut 50 BPS? Many think so. 25 BPS is guaranteed. Much MORE important the cuts will keep coming, expect a 2.50% BoC rate by Summer 2025. Let’s get clear, the correct answer to 75% of the “Which Mortgage” question is Take Variable. We will here a lot about the Falling Canadian versus US Dollar but let’s be clear: The BoC will let the currency go to pump the failing economy.

We made it to 100 which is quite an accomplishment for an old guy. Big News on Mortgage Rates, how fixed rates & Variable are diverging at this moment in time. How much? What’s the right strategy, Ron Breaks it down. Will the Bank of Canada continue to cut? Ron gives his reasons. New sneaky elements to the Toronto Condo Crash, what if the Developer offers a $50K Credit to Pre-Con Condo Buyers who refuse to close? As long as they don’t tell everyone else who is closing at Full price? And what the hell is LTI Portfolio Testing & what will it do to mortgage rates?

No Stress Test On Renewals is the good new story of the Week, we dig into the details. We need to improve the ability for people with renewing mortgages to SHOP. In a country with just 6 Big Banks running the mortgage business its critical to be to shop for a better rate at point a mortgage renews A major step forward on ending Mortgage Document Fraud in Canada: are we close to getting this fixed or will there be more stalling, Ron breaks it down. Vince relates the difficulties, Red Tape, confusing rules & general lack of interest of the City Bureaucracies in trying to build exactly want the City Council has DECLARED they want to build. How crazy government Bureaucracy screws up every good thing. Ron’s Rant: the $6 BILLION DOLLAR BRIBE. Will Canadians sell their votes for $250 Bucks?

Canadians are hearing a lot of warnings about Fixed Mortgage Rates going up. Is it true? Will Fixed Rates Go Up? They actually have already by a tiny amount but is that just noise of the start of a Trend Upwards. We do the analysis & figure out what’s really going to happen. The incredible Canadian Immigration Disaster: What happened? What went wrong? What’s going to happen next? Viewer Mail: Does Parental Leave effect Mortgage Qualification? And the Rant of the Week: Can we really build anything anymore: The Unfinished LRT’s 14th Birthday & the Bullet Train straight to Hell

One enormous lesson from the US Election is that a Government’s or an economist’s view of a national economy is TOTALLY different from want an average person feels about how they are doing & those people will vote the Government OUT if they think they are worse off. Same In CANADA?

Rate Review. Viewer Questions. And the incredible story of how one company screwed 10’s of thousands of Homebuyers in Canada out of Millions with an 800% Price increase. And Ron’s Rant: Who the heck is the real Randy?

A lot Has Changed For The Big 5 Banks Since 2016: And They Did VERY WELL. B-20 Restrictions & then B-21 & then Stress Test increases & host of rules designed to tighten down on how Banks can lend had the amazing result of creating Super Select Borrowers for the Big Banks, so far during a massive increase in Rates & a tightening Canadian economy 90 Day Default Rates have remained mind bogglingly low at 22 to 24 bps. Frances & Ron review just how different mortgage lending was before 2016. Fresh economic news support Bank of Canada Rate Drops. Ontario Housing Starts Collapse based on the Province’s own Fall Economic Statement (forget Ford’s promise of 1.5M new homes)  

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

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

The new CMHC Program has driven a small group of Realtors WILD, way to much rule twisting. If we are going to DOUBLE the CMHC limit & allow it on Refinance (YIKES) lets PLEASE bring an end to Mortgage Document Fraud. It’s just TIME, there is too much RISK with $1.9M loans (including Insurance Premium) Hey Federal Government take the pledge: CRA linkage NOW. Turns out 45 year olds who bought a house 6 years ago want prices to go up! Bad News at TD  Bank. Private Mortgage Defaults SURGE. And GOLLEE Premier Ford can we please get some houses built?