Rob McLister @RobMcLister
➤ Mortgage columnist @financialpost ➤ Rate strategist @MtgLogicNews % Daily rate briefs: https://t.co/rj8qrMdoNk 🗞️ Bulletins: https://t.co/bh7wMcDHKS financialpost.com/author/robert-… Canada Joined January 2010-
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Mortgage lenders are resisting the urge to boost fixed rates despite this week's new calender-year highs in bond yields. Rate leaders: financialpost.com/real-estate/mo… Still good value in... Insured: • 3yr <=4.99% • Variable <= 6.00% • 5yr fixed <= 4.84% (from fair penalty lenders)…
Yields are on the move, boosting upside risk for fixed mortgage rates. Many leading fixed offers are still just 5 bps above the 2024 lows. Tomorrow's U.S. inflation report notwithstanding, we can't count on that to last.
Yields are on the move, boosting upside risk for fixed mortgage rates. Many leading fixed offers are still just 5 bps above the 2024 lows. Tomorrow's U.S. inflation report notwithstanding, we can't count on that to last.
Of course, this is only a secret to those who haven't thought much about it.
Of course, this is only a secret to those who haven't thought much about it.
Tax system must reward the makers, not the takers. 1. Not all rich people are competent or useful. 2. Yet, to build a rich economy, society must reward hard work & innovation with wealth. Ignoring the 2nd point, is a fundamental issue with socialism🚨 As Thatcher said "The…
Tax system must reward the makers, not the takers. 1. Not all rich people are competent or useful. 2. Yet, to build a rich economy, society must reward hard work & innovation with wealth. Ignoring the 2nd point, is a fundamental issue with socialism🚨 As Thatcher said "The…
Canada's 5yr yield is back near its 2024 peak. Yet, leading fixed rates are still ~ 55 bps under this year's highs. For anyone closing a fixed mortgage before September, a rate hold is mandatory—especially ahead of tomorrow's CPI report. financialpost.com/real-estate/mo…
Welcome news for rates this morning. Canada's 5yr yield failed at its 2024 high & is down 10 bps. It'll take worse inflation news to push much above 3.85%. (CPI is on Tuesday.) Only 3 of the lowest nationally-advertised rates moved this week & just 5 bps: financialpost.com/real-estate/mo…
After a dozen-year hiatus, 30-year insured amortizations are back—this time with strings attached. The move will boost new build prices a bit, but incentivizing new supply always comes with costs. Will report back as the details roll in...
After a dozen-year hiatus, 30-year insured amortizations are back—this time with strings attached. The move will boost new build prices a bit, but incentivizing new supply always comes with costs. Will report back as the details roll in...
How this man is not in the "Canadian Mortgage Hall of Fame" ( mortgageproscan.ca/events/canadia… ) makes one wonder about the objectiveness of their selection process.
How this man is not in the "Canadian Mortgage Hall of Fame" ( mortgageproscan.ca/events/canadia… ) makes one wonder about the objectiveness of their selection process.
With HSBC now gone, the lowest nationally advertised uninsured variable rate jumps from 6.55% to 6.69%: financialpost.com/real-estate/mo… Qualified borrowers can find lower 'discretionary' rates through brokers & banks—but it was useful to have HSBC's low advertised rates as a benchmark.
Canada's lowest nationally-advertised mortgage rates are in a rut. There's been no changes for three weeks as markets wait for the next economic shoe to drop: financialpost.com/real-estate/mo…
Why does such news always break on a Friday?🤦♂️ Looks like market share for credit unions and non-prime lenders will be ticking up again — once mortgage qualifying rates drop towards the federal 5.25% minimum. That's when this new LTI rule will limit buying power the most.
Why does such news always break on a Friday?🤦♂️ Looks like market share for credit unions and non-prime lenders will be ticking up again — once mortgage qualifying rates drop towards the federal 5.25% minimum. That's when this new LTI rule will limit buying power the most.
Before sending that mortgage prepayment, consider what else your dollars could be doing.
Before sending that mortgage prepayment, consider what else your dollars could be doing.
Amen. Albeit given rental undersupply—thx to gross mismanagement of Canada's housing & immigration files—existing renters of non-luxury homes must be grandfathered. New market housing should then be exempt from controls—in all regions—if we want to solve this rental crisis. If…
Amen. Albeit given rental undersupply—thx to gross mismanagement of Canada's housing & immigration files—existing renters of non-luxury homes must be grandfathered. New market housing should then be exempt from controls—in all regions—if we want to solve this rental crisis. If…
After today's reassuring inflation report (3.15% y/y core vs. 3.35% expected) the 5-year fixed market will be a little bit 'deader'.
After today's reassuring inflation report (3.15% y/y core vs. 3.35% expected) the 5-year fixed market will be a little bit 'deader'.
Strong macro data are hoisting bond yields. Our 5-year bond's line in the sand is ~3.85%. Cross that, and we'll probably have to brace for a hike in fixed rates. financialpost.com/real-estate/mo…
Once BoC cuts are imminent, the 'ARM race' begins financialpost.com/real-estate/mo…
Once BoC cuts are imminent, the 'ARM race' begins financialpost.com/real-estate/mo…
JUST IN: For the first time since last June, Canada's lowest nationally advertised 5-year fixed rate is back under 5%: The latest leading rates: financialpost.com/real-estate/mo…
Good riddance to one of the least necessary, most poorly conceived, worst executed, most unsuccessful, purely political boondoggle government housing policies of all time. (But other than that, it was great.)
Good riddance to one of the least necessary, most poorly conceived, worst executed, most unsuccessful, purely political boondoggle government housing policies of all time. (But other than that, it was great.)
Ron Butler @ronmortgageguy
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Daniel Foch @daniel_foch
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Ben Rabidoux @BenRabidoux
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34K Followers 531 Following All things Toronto real estate - President and Broker of Record at @RealosophyRE Ideas at @movesmartly
Martin Pelletier @MPelletierCIO
47K Followers 4K Following Senior PM @TriVest_WAPC | CFA Charterholder | Invest Pro Columnist @fpinvesting | Risk-Managed Investing | Market Strategy | Views my own | No checkmark not me
ReWoman👠 @REWoman
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9K Followers 581 Following Sold 200+ properties in Surrey, Langley, and Greater Vancouver. I write a free real estate newsletter: https://t.co/uRPWLtv7TQ Sutton West Coast Realty
Donna Bacher @loveurhome
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The Rob Campbell @therobcampbell
7K Followers 413 Following Mortgage Broker. Dad. I want nothing but the very best for people. Premiere Mortgage Centre Lic# 10317
Sam Cooper @scoopercooper
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12K Followers 522 Following Data-driven former CPA, CA and current Toronto REALTOR® offering balanced views of the market — not an "only goes up" industry hype man
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6K Followers 633 Following Principal Broker/Owner, CMP Mortgage HOF, CMP Mtg Broker of the Year, TV Expert on @CP24hotproperty & Wise Old Owl Show on IG & Wise Old Owl Podcast
Himanshu @himansh36013599
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10K Followers 185 Following Highlighting crucial Canadian Real Estate & Macro Trends with a spotlight on Toronto Metro (GTA). Contact for bespoke market research(＄).
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1K Followers 2K Following Bo Diddley signed my fishing license --True Love Rules, Union Jack Squat,Joel Plaskett Emergency, Super Friendz,...etc, Stove Records https://t.co/Yq4IeglUPm
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243 Followers 354 Following I like hockey. Teaching @KawkaEDU. Founder of @cardcurriculum.
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ROHIT SACHDEVA @rohitsachdeva23
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kristin @kristineberth
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Christine Payne @_christinepayne
226 Followers 418 Following Mom to amazing daughter, music fan, writer, real estate investor, animal lover, volunteer, old soul, skeptical optimist. Loves chocolate. Be kind, always.
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What a mess_2021 @Whatamess20211
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hellonori @vanMMyoyo
67 Followers 447 Following
Rebellion Media Agenc.. @Rebellionmediaa
2 Followers 48 Following We Help Mortgage broker and Real Estate Agents to Get New LEADS And Help them to Convert them into Clients For their Business. Book a Free Consultation Call
Don @Waffle0kDon
9 Followers 21 Following
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2 Followers 49 Following Work in the consumer debt field. See lots of crazy stuff.
Davis Smith @DavisSm29196615
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404 Followers 642 Following
Jason Faber @Jason_Faber
2K Followers 1K Following Growth Marketing & SEO Consultant. Running places. Mountain explorer. Most of my best friends are dogs. Proud dad. He/him.
Robert Starr @robertstarr
341 Followers 680 Following Freelance content writer/editor/ published novelist /25 years experience
Personal CFO @WRPersonalCFO
836 Followers 2K Following Independent Certified Financial Planner (CFP) and CPA delivering financial empowerment and financial peace of mind. #AgeFriendly #Responsible Investing #ESG
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38 Followers 65 Following
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292 Followers 6K Following
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95 Followers 894 Following Lawyer and Master of International Development. #human rights #humanitarian law #children rights #Int Labour Law
Ron Butler @ronmortgageguy
66K Followers 1K Following The big, old, overly opinionated mortgage broker is worried about the future of housing for average Canadians
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53K Followers 816 Following Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast.
Ben Rabidoux @BenRabidoux
37K Followers 2K Following Canadian housing/macro/credit...occasionally tweets about fishing. Founder of North Cove Advisors and @EdgeREAnalytics. DMs open. Equal opportunity blocker.
David Rosenberg @EconguyRosie
260K Followers 337 Following Founder and President of Rosenberg Research & Associates Inc. Retweets, Likes and Follows are not endorsements.
Chris Joel @catosletters
3K Followers 2K Following 🇨🇦 real estate & politics, finance & macro, evolutionarily psych. I like loud music, explosions &🏌. Classical liberal. Friends call me an "acquired taste."
Economic Cycle Resear.. @businesscycle
28K Followers 231 Following Cycle risk is investment risk. We partner with clients to anticipate turning points before their competition. ⬇ Find out about working with ECRI. ⬇
Tablesalt 🇨🇦�.. @Tablesalt13
18K Followers 101 Following MBA. Salty. Business. Housing. Geopolitics. Whatever. Independent truth-seeker. Follow for wild discussion and news. 🔥
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7K Followers 140 Following CEO & founder of https://t.co/1ahebDcdYS, 🇨🇦 personal finance encyclopedia. Former banker. PhD in Physics. Discussing economy, finance, real estate, entrepreneurship, etc.
(((The Daily Shot))) @SoberLook
149K Followers 273 Following The Daily Shot is a graphical, no-hype global financial and economic newsletter (see sample: https://t.co/HjT4hq9I8N).
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83K Followers 918 Following Author of STREET FREAK, ALL THE EVIL OF THIS WORLD, THOSE BASTARDS, NO WORRIES, and NIGHT MOVES (coming soon). Writer, investor, electronic music curator. MFA.
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20 Followers 16 Following Naples-based mortgage broker serving all of Florida. Huli's mission is creating mortgage-powered wealth. A service of Best Interest Mortgage Inc. NMLS# 299599
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318K Followers 4 Following Bills fan. Art fan. Truth fan. DoubleLine Founder.
Royce C. Mendes @RoyceCMendes
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RenMac: Renaissance M.. @RenMacLLC
42K Followers 938 Following Serving professional money managers. Tweets are for sport, not recommendations or advice. Life is short, if you're a jerk, you'll be unceremoniously blocked.
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24K Followers 475 Following Operating at the intersection of market history & data science, we believe man + machine beats man or machine alone.
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16K Followers 183 Following Check out the Inflation Guy podcast at https://t.co/IkrlMfK1oI . Visit our website at https://t.co/cEgFwkXfwQ !
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81K Followers 909 Following 42 Macro LLC — the leading Macro Risk Management service on Global Wall St. advising on trillions in client AUM. Not investment advice.
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165K Followers 119 Following "I'm just lookin' for clues at the scene of the crime..."
George Goncalves @bondstrategist
41K Followers 501 Following Bond market veteran: +25yr on sellside & buyside focused on rates, credit, USD funding, Fed & global macro. My tweets are opinions, not advice! RT≠endorsements!
Bill Gross @real_bill_gross
62K Followers 293 Following Bill Gross is a renowned expert in the bond market and is at the forefront of thought leadership on the subject of fixed income investing. https://t.co/uyMZ9DarCd
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264 Followers 201 Following CanDeal operates a leading electronic marketplace for CAD$ fixed income professionals. Follow us for news about our markets & industry media stories.
Stephen Wicary @wicary
16K Followers 3K Following Bloomberg News regional editor for Latin America, plus occasional Canada stuff. RTs not endorsements, opinions my own. [email protected]
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62K Followers 4K Following Treasury, Head of Global Strategy TD, Advisor to PM, punter. Speaker at Ode Management - https://t.co/dXJoiRJt1z MD Market Economics; Also https://t.co/kxt2ibOgfj
DFSHubNFL @DFSHubNFL
85 Followers 94 Following DFS Hub helps daily fantasy football players execute winning strategies on DraftKings & FanDuel—using a one-of-a-kind NFL lineup builder with 4500+ news sources
Canadian Mortgage Tre.. @CdnMortgageNews
16K Followers 150 Following Canada’s preeminent mortgage information resource, covering all aspects of the mortgage industry including real estate, innovations, economics and more.
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28K Followers 636 Following monetary economics|history of money|central banking|financial privacy|payments|gold|financial inclusion|cryptocurrency|monetary law|financial crime
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394K Followers 1K Following Macro investment research at https://t.co/hQqAza8GGP Our total return index is at https://t.co/vta9eqevnU The ETF WTBN tracks our Index. biancoresearch.eth
Mohamed A. El-Erian @elerianm
681K Followers 1K Following President, Queens' College, Cambridge Uni. Allianz, Gramercy advisor. Wharton Professor. Lauder Senior Fellow. Former Pimco CEO/co-CiO. Chair Cambridge Union.
Janet McFarland @JMcFarlandGlobe
5K Followers 484 Following Financial services editor for Report on Business at The Globe and Mail
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378K Followers 1K Following Co-host of @bsurveillance; Sign up for the newsletter here: https://t.co/4EBiPWI8En
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5K Followers 14 Following Grandfather, parent & husband, published author, public lecturer, finance professor, mathematician & historian, #longevity #18c
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15K Followers 4K Following Canada correspondent for @WSJ in Ottawa. News tips to [email protected] or WhatsApp/Signal, 613-698-6490. RTs/Likes ≠ endorsement.
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2K Followers 180 Following Studying Canadian housing markets since 1982. Now in my 24th year as an independent consultant.
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MortgageLogic.news @MtgLogicNews
5K Followers 1 Following The most trusted source for deep insight into Canada's mortgage market — dedicated to industry professionals. For consumer mortgage news, see @RobMcLister
Tony Robbins @TonyRobbins
3.2M Followers 1K Following 📈The Nation’s #1 Life & Business Strategist 💡Entrepreneur⚡️Top Business Leader 📚NYT Bestselling Author
🌎 Knowledge Bites @factsionary
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@SteveSaretsky Speaking as a doctor: Canada needs more front line family doctors. We went through 10 years post secondary education accruing debt to be thrown into a system where a barber taking cash likely will outearn a family doctor. These tax changes only make things worse.
We are desperately short doctors in this country. We need more doctors. We should raise taxes on them, that will help!
It bears repeating, there is NO $250k capital gains exemption for corporations. Professionals who are incorporated such as doctors, dentists, RMT’s, chiropractors, will all be hit. Framing it to suggest it only hits the top 0.13% is another liberal lie.
Gross action in 🇨🇦bond market since… sadly I don’t think we see a triple top If she breaks out above 3.85% we should easily expect to see banks/lenders react initially by raising fixed rates 0.20%-0.25% across the board Get those rate locks in
Strong macro data are hoisting bond yields. Our 5-year bond's line in the sand is ~3.85%. Cross that, and we'll probably have to brace for a hike in fixed rates. financialpost.com/real-estate/mo…
@RobMcLister The only thought of the crafters of this change is to keep the current federal government in power...
Tax system must reward the makers, not the takers. 1. Not all rich people are competent or useful. 2. Yet, to build a rich economy, society must reward hard work & innovation with wealth. Ignoring the 2nd point, is a fundamental issue with socialism🚨 As Thatcher said "The…
CMHC needs to bring back the Refinance Plus Improvements program. Only for renovation upgrades to make additional suites in the house (finished basements, ADUs, Carriage House, etc) NOT for refinancing debt into an Insured mortgage. Quotes, reputable builders, etc. Best rates,…
Oh Canada, this is incredibly discouraging.
@RobMcLister Sound advice indeed! I'll be death gripping my rate hold...with a faint hope yields crash before my renewal this summer.
@RobMcLister I think that's a fair statement, but from my technical perspective looking at charts of rates I see beautifully paced higher lows and if it was a stock, I'd bet on it going higher based on little news.
Fascinating property size trends in ON & BC: 🏡Detached: Sizes increased since 1960 🏢Apt: Sizes decreased since 1990s Other types: Limited options Challenge? Limited affordable options for small families: Few large apts or small detached Solution? Relax zoning regulations…
Detached Keeps Getting Bigger Condo / Strata Keep Getting Smaller Research from @WOWA_Canada confirms what we all see: in Ontario particularly cities are dominated by either McMansions or Dog Crate Units Way too big or way too small a function of really dumb land use decisions
Fascinating property size trends in ON & BC: 🏡Detached: Sizes increased since 1960 🏢Apt: Sizes decreased since 1990s Other types: Limited options Challenge? Limited affordable options for small families: Few large apts or small detached Solution? Relax zoning regulations…
@BenRabidoux Great news if ever implemented. In past we had a lender which asked clients to sign consent form to verify NOA’s with CRA. Amazing how many people changed their minds and cancelled mortgage application when asked.
@RobMcLister I hope you're right Rob, for the sake of my neighbors pickled with debt driving Porsche SUVs instead of saving. U.S 10 year yield chart is clean as it gets and waving upwards towards a summer of pain $TNX
Expanding amortization on insured mortgages out to 30 yrs on new-build is a sensible policy change that represents a modest loosening in credit. Not a game-changer I would LOVE to see them simultaneously announce direct income verification via CRA to stamp out mortgage fraud.
You almost feel bad for the Bank of Canada. Fed in no hurry to move....inflation sticky state-side...but here we see mounting signs of an economic slowdown. Sahm indicator now at a level that has always preceded recession in the past
@RobMcLister Rob, my understanding is that Stephen has declined efforts to nominate him, as the perceived quality of the honourees has declined over the years.
Not sure why anyone would still want to be a landlord in BC.
NEW - Housing Minister @KahlonRav just introduced tenancy act changes that would prevent renters from facing rent hikes when they have a baby or add anyone to the rental unit under the age of 18. Also adds new restrictions for when landlords can evict tenants for personal use.
@myownadvisor @RobMcLister @financialpost @DividendGrowth @FIREWeGo @HanifBayat @CDInewsletter We bought our first house in 1973. My priority was always to make max contribution to RRSP and not pay off the mortgage faster than the 25 year amortization. My thinking was that investments would gradually grow and our mortgage principal would gradually decline. Worked out well.
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