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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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Here’s what’s happening between 🇨🇦 and 🇺🇸 right now:
- In Davos, Carney took a page out of Trumps playbook: a strong, threatening posture
- Why? To focus attention from 🇺🇸 ahead of CUSMA negotiations. To bring the inevitable massive tariff threat to 🇨🇦 out of 🇺🇸 early
- Why?
Inflation is BAD for your cash
But GOOD for your mortgage
Inflation erodes the $, devalues it
And because your mortgage is priced in $, the liability will erode with inflation
Consider:
Improving diversification into assets beyond the home, that tend to grow faster than
When I see quality companies with good cash flow trading at a notable 'value based' discount, there's one strategy Ive used successfully over time
That is, I'll start with a relatively small position...
If the shares increase, I make money.
But if the shares drop 10%+, it
The best 5 yr fixed mortgage rate in Canada now is 3.69%
The best variable rate is 3.49%
The 0.20% lower VRM is not a lot of compensation to assume the additional risk. One BoC hike and VRM is higher
The BoC is likely to hike over the next 5 years
Unless there is a major
🚨 BREAKING: 🇨🇦 CPI/inflation rose 2.4% in December, slightly above analyst consensus of 2.2%
Inflation fell 0.2% MoM but excluding gas, inflation was 3%
Bond yields/fixed mortgage rates are stable on the news
Yes you read that right: The words 'Labour. Shortage. Canada.' all in the same headline
'The hottest it's ever been': Skilled labour shortage is tapping the brakes on Canada's mining boom
Miners are pausing production and cutting forecasts because of a lack of workers they say will only get worse
ca.finance.yahoo.com
Here is the 'first principles' approach to 🇨🇦🇺🇸 auto trade
- 🇨🇦 produces about the same number of vehicles it purchases
- 🇺🇸 auto manufacturer profits still flow from 🇨🇦 to 🇺🇸
- 🇺🇸 manufacturers want/NEED trade integration
- 🇺🇸 auto tariffs would cause massive loss in 🇺🇸
Mortgage lender competition is extra fierce currently
Lenders are increasingly sacrificing profit margins (‘spreads’) to attract/retain business
Accordingly, fixed mortgage rates at some lenders have dropped as a result of a slight dip in Bond Yields
This may be the calm before the 🇺🇸 Trade Storm
Canadians need to take this time to assess:
- An emergency fund (6- 12 months)
- Access to additional equity/ capital
- Debt payment risks
- Career diversification education/ options
Limit downside risk
Eurasia Group says no country more at risk than Canada in relations with the U.S.
OTTAWA — Canada stands to face the biggest fallout of political turmoil in the United States in 2026, a new ...
ca.finance.yahoo.com
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