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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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Market odds of a BoC cut in March now at 34%
According to RBC: “We think the BoC will want to wait for more data for hints on how underlying price pressures are evolving… and take a pause from cutting interest rates in their next meeting in March”
Where tariffs are heading... Reciprocal tariffs which IMO are a more reasonable approach than massive, inflation-inducing blanket tariffs...
If 🇨🇦 falls under this application, we should fare OK
On Trade, I have decided, for purposes of Fairness, that I will charge a RECIPROCAL Tariff meaning, whatever Countries charge the United States of America, we will charge them - No more, no less!
For purposes of this United States Policy, we will consider Countries that use the…
Bond yields rose 5% last Friday on stronger than expected jobs data, removing downward pressure from fixed mortgage rates
However yields are already heading back down on recent tariff news
65% chance of a 0.25% BoC cut on Mar 12 as of today
I'm trying out YouTube a bit more. In this weeks video:
What's next for Canada?
https://www.youtube.com/watch?v=_tvWE7Qo9Fc
A small reprieve in bond yields today given January's more positive job numbers
This is unlikely to stick based on the broader employment and economic trend, which the BoC says is under even more pressure now
"Trump's threats of new tariffs are already affecting business and household confidence… The longer this uncertainty persists, the more it will weigh on economic activity…" - Tiff Macklem
https://ca.finance.yahoo.com/news/bank-canada-governor-says-trumps-222547819.html
If a Bank has your mortgage and main chequing account, they can use the income/expense data from the chequing to price the renewal
If they see:
- Lower income relative to payment
- High loan/CC payments
- Income drop
= 6%+ renewal rate
Keep the two separate, just in case
Warren Buffets Berkshire Hathaway Vs the S&P 500 over the past 5 years = a 65% higher return
Noting:
- Generally safer, lower volatility assets
- No dividend payments, tax efficient
- Building a warchest cash/treasury assets
Is $BRK.b better than S&P 500 index investing?
Mortgage rates up at some Banks?
But rates across the market rates are dropping
What gives?
The answer is Mortgage Renewal Season
Here's how to play the game
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