Mortgage Fraud & Crisis in Canada | Market Update скачать в хорошем качестве

Mortgage Fraud & Crisis in Canada | Market Update

HUGE Fine in the mortgage industry and after recent audits by regulators that exposed non-compliance, including instances where lenders misrepresented information, contributing to an inflated housing market. I explain how mortgage fraud contributes to rising real estate and housing costs in Canada, Especially in Toronto and Vancouver. Various financial institutions' predictions on interest rates have evolved from 2022 to 2024, highlighting the discrepancies in their forecast compared to the bank of Canada's actions. We touch upon the challenges faced by individuals seeking private mortgages due to temporary disruptions, the struggles of self-employed individuals trying to secure loans, and the vital importance of maintaining healthy credit scores. The City of Toronto's $26 billion infrastructure shortfall, strategies for managing marital breakups involving property settlements, and the benefits of new savings accounts for first-time homebuyers are also on the agenda. Tune in for practical insights into the evolving real estate market, ways to navigate mortgage complexities, and strategies for achieving financial security 00:00 Canada Market Update 16:43 What are some situations where borrowers might consider opting for a private mortgage? 19:31 Tips for improving credit scores and financial health to qualify for better mortgage terms? 21:20 How do you assist self-employed individuals or freelancers in securing mortgage financing? 23:15 What is the advantage of the first home savings account? At OwlMortgage.ca, we’re reframing mortgages. Gone are the days of daunting contracts that laden you with debt. Our educational and empathetic approach considers your needs and wants from your home to make it work for you. We offer a helping hand regardless of your learning style or where you are in your home-buying journey. Whether you're self-employed, salaried, or retired, and looking for a first home, renewing, refinancing or consolidating your debt, the team is here to help. 📩 vince@owlmortgage.ca | (416) 613-5363   / vincegmortgage     / vincegaetano     / mortgagevinceg   #mortgage #mortgagebroker #realestate #housingmarket #canada #interestrates #politics #toronto #ontario #canadianeconomy