Home Capital’s Troubles

As you may have heard, Home Capital Group is in a bit of pickle (or jam!) and has had to find a 2 billion dollar line of credit (yes a billion with a big B) to fulfil their mortgage commitments. You may better know Home Capital Group by it’s…

A Knee Jerk Reaction!

I am sure by now you have heard the news. For months we’ve been anticipating changes at the Ontario level to cool the hot Toronto real estate market. Now, as part of the Fair Housing Plan, some 16 measures were announced to help people…

Provincial Government’s “Fair Housing Plan”

Earlier today the Provincial Government introduced the “Fair Housing Plan” which we have attached. In this Plan, the government has not really addressed the real challenge we all have been facing, which is supply. What was addressed was…

Crazy Market!

Here's a great article by my good colleague Glenn McQueenie: Why does the media always get our industry wrong? I watch the news, read newspapers and stay up on current events. But now I am getting skeptical about any news I consume.... Whenever…

Purchasers Undeterred by Rising Values

Please find below a great press release regarding detached homeownership released today by RE/MAX Hallmark: Detached homeownership at  ‘affordable’ price point, says RE/MAX Hallmark  Bank of Canada move to lower interest rates…

Low Rates … Over Soon?

After almost 5 years of historically low rates, we are beginning to see some upward movement in the cost of money. The Bond yields surged to 1.90 this morning, the biggest 4-day up move in the 5yr yield since 2009. The fixed rates will climb…

Interview with Enhome

Here's an interview Estar Media Group's Enhome magazine did with me on upcoming Condominiums in our city. I hope you can read it it :-).  Enjoy!

Interview with The Epoch Times

Here's an interview The Epoch Times did with me in August on the Condo market in the town of Richmond Hill.  Hope you can read Chinese.  Enjoy.

Variable Rates on the Move

Two major banks have cut their Variable rate discounts to Prime – 0.45%. The rest of the lenders may follow the suit shortly. If you are in the market for a Variable rate mortgage it makes sense to get a rate hold for 90 – 120 days ASAP.…