Category: Uncategorized

The word that can mean so many things to so many people. Expectation! People that can set reasonable ones, and follow through tend to be more successful than people who cannot. However, expectations REALLY matter in both marriage and economics. In marriage, should expectations not be met, it usually ends in divorce. In economic if…

Don’t let the title confuse you – I speak not of the mortgage origination software some use in this business – but the facts in this article may slow down mortgage origination in your business. Today was a great day – up until Scotia reported Q4 earnings!!! To say Scotia scared the crap out of…

Yesterday saw the unveiling of the Liberal’s Fall Economic Update ,and while there was a lot of talk – it amounted to the re-arranging of the deck chairs on the Titanic. While major news outlets will give you the run-down on the entire non event, lets focus on what it means to mortgage brokers. As…

This morning brought the release on the Canada Inflation number, and it, like almost all the other data in Canada was underwhelming, and missed expectations. Inflation was expected to be at 3.20%, but missed and came in at 3.10%. A month ago we were running 3.80%, so we shaved 70 bps off of inflation in…

As we await Tuesday Economic Update form the Finance Minister, rumours are swirling, and a lot have been confirmed ” off the record “. Keeping a secret in our current government is like trying to catch water through a cheese grater. No matter, Tuesday’s Economic Update will contain something on housing that everyone in our…

Scotiabank has long had a slogan that states ” You’re richer than you think”. Yesterday Scotiabank had a damning report out on government spending that stated interest rates are higher than they should be due to Federal and Provincial Government pandemic spending. https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.insights-views.impact-of-fiscal-policy-on-monetary-policy-in-cda–november-17–2023-.html Basically, the report states that 200 bps of the total 475 bps…

In this business the only thing that stays the same is everything changes. I guess a lot of industries are like that, but it seems the mortgage and real estate world is so susceptible to ebbs and flows, it changes almost daily. Rates, prices, rules, regulations, licensing – you name it, and the only thing…

With this mornings release of the US inflation numbers, the bond market has been on a tear. Yields have plummeted ,and bond prices are staging an impressive rally. While I am sure every realtor in the country has by now told their clients rates are dropping, and time to buy, lets look at a few…

Trucks. If you live anywhere on the 401 corridor in Ontario, then you are well aware of trucks. They go by names like big rigs, 18 wheelers, and transports, but they are all the same. Their purpose is quite simple : move a commodity from one place to another. The 401 corridor is one of…