Ryan Sims insights, thoughts, and analysis

Tag: housing-market

  • Love It Or List It

    From 2008 until 2023 there was a show on HGTV called love it or list it. We all probably watched it at some point. Coincidentally, it went off the air about the same time that Canada’s real estate market was starting its long, slow grind down. It did come back on the air this year,…

  • Creative Writing

    I want to begin with a bit of an apology. I haven’t been blogging the way I used to. The thing about running an American based business is that when an American President puts in place a Buy American policy – business picks up – A LOT. Tariffs may be good, they may be bad,…

  • Levers, Knobs, and Switches

    Over the past decade or so, specifically in the last 5 years, our industry has seen some pretty good times. Never in any of our career days did we have a mortgage broker come into a classroom that said they make as much – if not more than a general surgeon, and do it while…

  • Um, What?

    The only thing I know about 2024 is it just seems to get weirder and weirder as the year goes on. I guess it is hard to predict what a government on the edge of losing power can do? No one, and I honestly mean no one, had the recent mortgage changes on their 2024…

  • Bounce, Bucks, and Bullshit

    Today was the day we all finally saw once and for all. Today is the day that we all should have realized what exactly is going on. Today is the day that we now know why housing is sooo screwed up in Canada. After today, we need the largest box of Bounce dryer sheets you…

  • Figures Never Lie

    Well, we all know about todays rate cut. First and foremost, I will acknowledge that I got it wrong. I really thought Tiff and Co. would hold. I guess my coin flipping guesses are not that good. I always said there were reasons both for and against cutting rates, but it seems that the reasons…

  • Peter, Paul and Mark

    When I was a little boy, and growing up in a rural farming town, I often heard some of the locals say that they were going to ” borrow from Peter to pay Paul”. Some of the farmers around were even more vicious, and they were going to ” rob Peter to pay Paul”. I…

  • 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…

  • Consider The Source

    I have long held the belief that you should always consider the source whenever taking advice from anyone. God knows there are way too many internet bloggers giving out their opinions these days. Anyways……. Beyond considering the source of someone, we should also consider the source of some things. Today was an absolutely gorgeous day…

  • What Keeps Me Up At Night

    There are a lot of things in life to worry about it seems. Keeping in shape, are the kids grades good enough, will WW3 start in Israel, but let’s add something else on. Mortgage Arrears. For the last 18 months or so, I have been downright bearish on the Canadian market. I have not seen a lot to…