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Brent Richardson
Principal Mortgage Broker/ Owner (Lic. # M08006143), Certified Financial Planner (CFP) Altrua Financial Inc. Lic. #13005
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Ground Level Updates on Mortgages and the Housing Market, before it hits the news
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The budget deficit is projected to drop over the next 5 years…
We’ve heard that line before
Since when has it actually happened?
You don’t need to spend $78.3 billion to diversify and boost the economy
That’s a massive bureaucracy hypnotizing the public, trying to self justify, more massive bureaucracy
Just cut the red tape, align taxation with project feasibility, and let the market do its thing
The BoC is pausing cuts ☑️
Bond yields have bounced off lows, implying a fixed rate bottom ☑️
Inflation looms in 🇨🇦 and globally, threatening to push up bond yields and interest rates higher longer term ☑️
Is it time to lock into a 5-year fixed-rate mortgage?
🧵👇
The Vanguard All Equity Growth (VEQT) ETF Portfolio is up 24% yearly, net of fees
The Vanguard Balanced (VBAL) ETF Portfolio is up 16% yearly, net of fees
How is your portfolio measuring up against these passive, set-it-and-forget-it beauties?
*not investment advice
Financial markets priced last week's 0.25% BoC cut as the last in the cycle, with only 11% chance of a cut in December and 35% chance in 2026
This is barring a major economic/ trade crisis that could send rates spiralling
Fixed rates have likely found a resting place for now
*FED PUMPS $29.4 BILLION INTO MARKETS OVERNIGHT AMID LIQUIDITY CRISIS FEARS
This comes up all the time on the mortgage side of financial planning
In this clip from our latest podcast with @jasonpereira, we talk about why cottages are one of the trickiest things to pass down—and often, a recipe for family conflict.
Here's a simple investment allocation strategy to position in today's expensive, but strong markets:
Core Portfolio: Balanced Index Portfolio: Ex VBAL
As the market📉by increments of 2.5%, sell the Balanced in increments of 10%, and reallocate to an All Equity ETF portfolio…
The Best Chart I'll post in 2025
The Toronto Blue Jays pulled off an epic rise from 2% probability of winning the World Series in July, to 6% probability just 2 weeks ago, to 68% today
What a story!
Go Jays!
(chart c/o Polymarket)
We are Mortgage Brokers proudly serving customers from 5 locations in Ontario.
Kitchener/ Waterloo (Head Office)
In Kitchener Waterloo Call: 1-877-248-9210
Hamilton
In Hamilton Call: 905-538-0677
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