Ryan Sims insights, thoughts, and analysis

Tag: home-buying

  • The Other F Word

    I have 2 favourite F words…..One I drop quite a bit, and the other is fraud. Fraud has been our industry’s ( and Canada’s ) largest problem for a long time. We have all sat around and groaned and moaned about it. We, at least the good brokers, have all asked regulators to step in…

  • Regulation Roundup

    What a week it was for Canadian real estate regulation!!! We should all be aware by now that first time homebuyers can now take a 30 year amortization on a new build -insured only of course. We should also know the homebuyer RRSP amount has now increased. First time homebuyers can now take $60,000.00, up…

  • 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…