Ryan Sims insights, thoughts, and analysis

Category: Uncategorized

  • Heating Up

    Things are heating up….and I don’t mean the weather. Today was quite the day in interest rate circles. The US released their inflation numbers for March, and they were up a lot more than expected. Inflation stopped cooling down, and heated up in March, reversing a trend of easing price pressures. Instantly on the release…

  • Pick Your Hard

    Years ago when I used to work non stop, a lot of people would tell me all the nice folksy sayings like ” Money ain’t everything” , ” You can’t take it with you”, and the like. I always used to reply with ” Being wealthy is hard, being poor is hard – pick your…

  • Kaboom!!

    That loud bank you may have heard today was the employment reports being released this morning. While the US exploded, it appears Canada is imploding. The US employment report released at 8:30 this morning blew the doors off, with over 330K jobs created in the month of March. Coming in well above estimates, it confirms…

  • Tough Job

    Tomorrow morning at 8:30 am will be a very pivotal moment for a lot of people in finance. Tomorrow morning at 8:30 am EST we see the release of the March employment reports in both Canada and the US. The reason I say tomorrow is a biggie is that there is a lot riding on…

  • Rise Up

    The title seemed appropriate after the Easter weekend. I am talking about interest rates of course. It seems that the Canadian bond market has a spring in its step these days. After seeing rates bounce around at a lot lower level for most of Q1, it appears the bond market has found new life. After…

  • Potpourri

    Wow, what a fascinating couple of weeks!! 2. On that note, Canada just surpassed a population of 41 million. Just 9 months after passing the 40 million mark, Canada has added an additional million people to the population. At this rate, Canada’s population is growing about 1.25 million a year. Of course, job growth isn’t…

  • Kick It While It’s Down – Housing that is

    What would a week be in brokering if we didn’t have curve balls thrown at us on the regular? Today OFSI announced they will implement the 450% income test to mortgages starting 2025. Basically, the mortgage amount cannot exceed 4.5 x the borrowers income. Of course, the Big 5 will get some exceptions, but they…

  • Risky Business

    There are few occasions in history where a government getting involved helped. There are countless examples of times where the government getting involved completely fucked things up. It seems that government of today cannot help themselves. One of the least covered stories in the mortgage world seems to be the Canadian Housing Trust, and the…

  • Hold Raise and Cut

    As central bank meetings roll out around the Globe for March, we are starting to see some interesting surprises. As everyone and their brother expected yesterday, the US Federal Reserve held their benchmark rate. Interestingly enough, only 90 days ago, markets saw the Fed cutting 8 times in 2024, and now that number is down…

  • Lower Inflation is Good……right?

    This morning marked the release of Statistics Canada’s February 2024 inflation report. As we all pretty much know by now, inflation was lower than anticipated, coming in around 2.80% as opposed to expectations of 3.10%. Realtors and mortgage brokers have already bought new printers to print all the new rate sheets with the ” lower…