Lower Your Mortgage Rate. Build Your Wealth. Retire Sooner.
See how we can plan your mortgage to help you save and grow up to 10x faster
Brent Richardson
Principal Mortgage Broker/ Owner, Certified Financial Planner (CFP®)
- Considered a Canadian mortgage thought leader: Get personalized pre-approval information and quotes for exclusive low mortgage rates – no fees, no hard credit check, no obligation. All application types are welcome.
- Over 16 years of industry experience with 1800+ mortgages personally approved: Get a fast 1 day approval, increase your approval limit, or lower your payment and rate. Get more options and better approval results.
- Certified Financial Planner (CFP®) credential: Complimentary advice to save on taxes, optimize wealth creation, become mortgage free and retire sooner.
- We’re determined to lower your rate and help make your approval a breeze: Clients save $1,000+ per year on average, or $25,000+ on average over the life of a mortgage.
Level Up Your Mortgage Game With a Certified Financial Planner (CFP®)
Home ownership and the mortgage may be the biggest part of your financial picture, and can play a major role in helping you reach your financial goals. Get advice to reduce interest costs, save on taxes and build wealth faster. Keeping your mortgage approval in focus, we can discuss the following at your option:
Goals Planning
Clarify and prioritize your short and long term goals, with easy to follow, actionable steps to reach them.
Mortgage/Debt Planning
Ensure lower lowest interest rates on all debts and simplified, manageable payments. Balance mortgage freedom sooner and retiring with enough.
Income Tax Reduction
Reducing income taxes substantially is possible for many, but requires planning. Discussions can include making mortgage interest tax deductible, income splitting, pension/benefit optimization, RRSP, TFSA and other strategies.
Wealth Accumulation
Optimizing wealth building strategies, even slightly, can have a major compounding effect over time. Conversations can include portfolio reviews and how to build wealth more effectively with ultra low management costs (under 0.20%).
Retirement Planning
Determine how soon you can retire, and much you’ll have to spend each month in retirement from various income streams.
Education Planning
Determine if an RESP strategy and free Education Savings Grants are a good fit for your plan.
Estate Planning
The are few certain things in life, except for death and taxes. The government already has an estate plan for you, but you probably won't like it... Speak for your assets, save on taxes, and probate fees. Conversations may include purchasing a property tenancy in common vs joint tenancy, what to add or remove from a will or power of attorney, if a trust makes sense and more.
Protection Planning
Setbacks in life are inevitable. We hope the setbacks won’t be too big. But no matter what happens a good plan will have you covered.
Daily Coverage of the Canadian Mortgage Market
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🇨🇦 headline CPI/Inflation came in slightly higher than expected in October at 2%
Higher mortgage costs continue make up a disproportionate share of inflation
Still, this may cause the BoC to slow their pace of rate cuts to 0.25% in Dec, Jan and March
Chances of a 0.50 BoC cut in December fell to 34%, with a 66% chance of a 0.25 cut
Fixed mortgage rates continue to hold in the high 3%/ low 4% range but with higher Bond Yields, upward fixed rate pressure is building
A lot of people message me who took higher 3 yr fixed rate 6-12 months ago, looking to break into todays lower rates
Once less than 1.5 yrs remaining the penalty may be 3 mons interest only
In a few mons lock in a rate for 4 mons and close if/when it makes financial sense
Financial markets are strong now but are becoming less predictable and more volatile
Given this a 5 yr fixed mortgage rate in the low 4% range makes a lot of sense
Rates could be higher in 3 yrs
Understand your risk tolerance. Most hate losing, more than they love gaining
🇺🇸 CPI/inflation came in today as expected, up slightly to 2.6% annualized
This should not prevent the FED from cutting by 0.25 in December and January, before pausing for the remainder of 2025
🇨🇦 Bond Yield spiking today over 3.15% putting upward pressure on fixed mortgage rates
If this holds through the week, expect 0.10 - 0.15 higher discretionary/discounted fixed rates at the Banks next week
A mortgage rate war could break out in 2025 as unprecedented conditions drive fierce competition among Canadas banks
https://ca.finance.yahoo.com/news/mortgage-war-canadians-may-emerge-winners-as-banks-fight-for-business-193919517.html
Relaxed mortgage rules will cost homebuyers in the long run, BoC senior deputy warns
The new policies are the most significant relaxation of borrowing rules in more than a decade and aim to address the country’s affordable housing...
www.theglobeandmail.com
In the wake of the 🇺🇸 election results, 🇨🇦 bond yields and fixed mortgage rates are remaining stable so far...
A stark divergence with comparable 🇺🇸 bonds/ mortgage rates and a testament to 🇨🇦's relatively weak economy
Serving the Best Mortgage Rates in Ontario
We’re Ontario mortgage brokers serving clients the best mortgage rates in Ontario. We use encryption and high-level security to ensure your information and privacy always remain safe. Our approval process has been engineered from start to finish with you in mind, for a pleasant and enriching mortgage experience. Connect with us today and see the difference for yourself.