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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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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
🚨 BREAKING: In December 🇨🇦 employment was little changed, adding 8,200 jobs
At the same time, the unemployment rate increased by 0.3% to 6.8% as more people started searching for work
Its likely that in January we will see fewer jobs/ higher un employment post holidays
And just like that, we have a fixed mortgage rate drop and were back to as low as 3.99% 5 year fixed uninsured rates at a major bank
2026 will be a volatile year for fixed rates
The TSX Composite Index is up over 1% today despite major energy losses
In comparison, the S&P500 is up just 0.85% despite major energy gains
The strength of 🇨🇦 Precious metals and Banks within the global economy is undeniable
Bond Yields ended 2025 where they started:
At the beginning of 2025, markets projected BoC cuts. But in early 2026 markets are pricing a BoC hike.
Bond yields/Fixed mortgage rates are a leading indicator
Variable mortgage rates are a lagging indicator
Canadian politics may have officially forefitted a multi-generational wealth building opportunity in Canadian oil
With low cost Venezuela oil coming online, what were once viable investments in Canada will become less so
It turns out, timing was everything
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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