Ron Butler
Mortgage broker discussing condo valuations, cash‑flow analysis and financing solutions.
Parents' HELOC Loans for Kids' Down Payments Lead to Foreclosure
Parents Who Took Out HELOCS & Mortgages To Provide Down Payments For Kids To Buy Homes In 2021 Now In Power Of Sale Sounds crazy right? And it's not thousands of parents but it is happening right now in Ontario to some Seniors It's tragedy & it's not fixable Think back to 2021: Real Estate was going crazy Many RE Agents actually suggested if people didn't buy homes at sky high prices that they would be shut out of ever owning a home
Canadian Rents Plunge, Oversupply Threatens Landlords
Canadian Rents Have Gone Down 18 STRAIGHT MONTHS & More New Construction Rental Supply Is Coming Than Ever Before In History Yeah, Mom & Pop Landlords who bought units in the last 6 years knew things were bad But in some Canadian...
FSRA Crackdown Forces Brokers to Lose Licenses, Face Fines
The Mortgage Broker Regulator FSRA Has Upped Its Game & More Brokers Will Lose Their Licenses & Be Fined There's 2 big reasons: - FSRA moves aggressively when they see wrong doing - The collapse of house prices reveals bad practices FAST More...
Governments Prioritize High‑Rise Construction Over Desired Single‑Family Homes
Let's Just Admit It: All Levels Of Government Have Worked To Destroy The Type Of Housing Most People Actually Want For the majority of Canadians, they're dream of Homeownership is still a Single Family Home But we don't build many anymore And it's...
Middle East War Lifts Fixed
Most Fixed Mortgage Rates Are Now In The 4% Range: What Should People Do? The War In The Middle East drove up Canada Bond Yields & therefore drove up Fixed Rates 5 - Yr 4.04% - 4.29% Variable Rate Mortgages now look...
Provincial and Federal Support Cuts Municipal Development Fees
Today We Will Have The Announcement Of The Provincial & Federal Governments Supporting The Reduction Of Municipal Development Fees Let's endorse this Everything that reduces Taxes is an unqualified GOOD THING Because Canadians are over taxed And Development Fees went NUTS
HST Cut Won’t Revive BC, Ontario New Construction
What's Really Stopping Residential New Construction in BC & Ontario? And Why Playing With HST Wont Fix It. Don't get me wrong removing the HST for a year on New Construction homes is a good thing because every tax reduction is...
HST Cut Won’t Revive Ontario Construction, Despite Tax Relief
Will Removing The HST From All New Construction Homes In Ontario Kick Start The Residential Construction Industry: ABSOLUTELY NOT Since politicians mainly know nothing about the Industries for which they invent policies this should be expected BTW every Tax Removed is GOOD I...
Rising Mortgage Rates Threaten Struggling Canadian Housing Market
If Mortgage Rates Keep Rising What Happens To The Canadian Housing Market? We have seen some Fixed Mortgage Rates rise nearly 20% since the Middle East War began: depends on which Bank & length of term Important: the War could end Friday...
Government's Renewable Promise Proved Wrong Amid Energy Crisis
Our Federal Government Told Us Oil & Gas Would Be Replaced By Renewables For The Last 10 Years Oil & Gas was over & there was no point in expanding production Today in Asia: countries fear they will soon shut down after...
2026 Home Sales May Edge Up, Not Boom
Will Home Sales Improve In 2026? Almost Certainly Yes: Because They Just Couldn't Get Any Worse When some Regions hit 30 year lows in Home Sales it's just reasonable to believe the case for a SMALL increase is real But nobody should...
Middle East Conflict Ends Expected BoC Rate Cuts
The Stage Was Set For Bank Of Canada Cuts Later This Year: That's All Gone Now Today's CPI Report would have provided cover for the BoC to cut its key rate at the end of April or June but the War...
Canada Loses 84K Jobs, Signaling Looming Stagflation
Horrible Canadian Jobs Report: 84K Full-Time Jobs Disappear But WAIT This Is Even Worse Than It Seems Ever hear of Stagflation? I have lived through Stagflation & it's a mess Simple concept: Inflation accelerates as an economy withers Central Banks can't help
Oil Surge Drives Canadian Mortgage Rates Above 4%
Mortgage Rates Go Up: As The Price Of Oil Goes Up So Do Mortgage Rates Unless the War In The Middle East ends quickly we will soon see most Mortgage Rates in Canada start with a 4 And ZERO chance of Bank...
Easy Financial's Collapse: Massive Losses, CEOs Flee
What The Heck Happened At Easy Financial? This Ain't Looking Good The parent company Goeasy Ltd. revised earnings for the last 2 years downward, declared spectacular Loan Losses, suspended dividends & the stock price dropped over 50% It's fishy for sure...
Canadian Rents Drop 17 Months Straight, Still Too High
Rents In Canada Falling For 17 Straight Months: A Good News Bad News Story Let's be really clear on this: in 2023 - 2024 Rents in many Canadian cities were insanely high This constant drop in Rents was so badly needed BTW: Rents...
Record Low Sales Set Stage for Modest Rebound
Home Sales & Home Prices Keep Dropping In BC & Ontario: The Sales May Improve Even If Prices Keep Falling The February Home Sales Numbers continue to look awful just like January But here's the thing about horribly low numbers: eventually the...
Realtors Overprice Listings by $250K, Misleading Buyers
The Trickery Never Ends In Real Estate Sales: Let's List The House The House For $250K Less Than We Will Take For the last 20 years Residential Real Estate has used some of the worst Sales Tactics Not every Realtor does this...
Bond Yields Spike, Markets Remain Unpredictable Amid War
War & Mortgage Rates: We're All Along For The Ride Since I am old & have been around for many Geopolitical Events I have learned 2 things: - No one knows exactly how things will turn out - The initial reaction of Financial...
Canada's Red Tape Stalls Projects for Decades
Canada Is Being Destroyed By Bureaucracy & Over Regulation It takes an average of 19 years to get an approval to build a new Mine Australia's shipping Liquid Natural Gas to Canada's East Coast: Canada has 300 years of Gas Reserves Let's look...
GTA New Home Sales Hit 45‑Year Low Amid Population Boom
246 New Construction Homes Sold In The GTA In January: Lowest Since 1981: What Is Going On Here? Lowest in 45 Years? Even Though the Population is more than DOUBLE This a truly disturbing number Why is it happening? How did we get...
416 Condo Recovery Likely Years Away, Not Months
The Solution To The 416 Condo Crash May Be Years Away: Because The Math Doesn't Math & Won't For Awhile The last 2 years have been disastrous for Pre-construction Condos or anyone who wants to sell a 416 Dog Crate Condo We...