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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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Consumer spending sank by 0.7% in Sept, and estimates of continued weakness in Oct add further evidence of a consumer recession
Nevertheless, the inflation (stagflation) threat outweighs economic deterioration, with upward pressure remaining on fixed mortgage rates
Canada is facing a Productivity Emergency, or so said Carolyn Rogers of the BOC in March of 2024.
This week, Nicolas Vincent of the BOC raised the alarm again. https://www.bankofcanada.ca/wp-content/uploads/2025/11/remarks-251119.pdf
The only sustainable way to improve the standard of living of Working Class Canadians is…
If you plan to switch mortgage lenders in 2025 or 2026 - look out for what I call your current lender's 'goodbye kiss'
It's a discharge fee, and its typically $300-$400
Just make sure the lower rate FAR exceeds the cost, or cash back, or other incentives cover it
$NVDA is priced at $234.96 on average by DOZENS of top money managers/ purchases of its shares
So why is it trading at $181?
Beyond this multi-trillion dollar group of managers, what's going to send the price higher in the near term?
Charlie Munger: "If you just get up every morning and keep plugging [away] and have some discipline and keep learning, it's amazing how it works out okay."
"I did not intend to get rich — I wanted to get independent — and just overshot."
🚨 BREAKING: The Liberal/Carney budget just passed
For those who haven't, now is the time to scrutinize your government extra hard
It's your KIDS/grandkids $ on the line now
A lot of promises were made, but what will be delivered?
If you care about 🇨🇦, watch very carefully
$BTC is an inherently valueless asset, not backed by anything other than 'its limited, unlike the $USD' has fallen by 30%+ from its high
But at $92k... I'll bite...
🚨 BREAKING: 🇨🇦October CPI/ inflation came in at 2.2%, lower than last month (2.4%)
However excluding gas, inflation rose 2.6% driven by higher food, insurance and cell prices
Bond yields are flat today, but trending up over 2 weeks, adding pressure to fixed mortgage rates
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
Privacy Statement:
Altrua Financial Inc. is exceptionally committed to respecting the privacy of individuals and recognizes a need for the appropriate management and protection of any personal information that you agree to provide to us. We will not share your information with any third party outside of our organization, other than as necessary to fulfill your mortgage request.