Brent Richardson
Principal Mortgage Broker, Certified Financial Planner (CFP®), President of Altrua Financial Inc.
Brent Richardson and the Altrua Mortgage Team help save homeowners $1000+ per year on average
- Over 16 years of industry experience with 1800+ mortgages personally approved: Get a fast 1 day approval, increase your approval limit, lower your payment and rate. Get better mortgage options and approval results.
- Considered a Canadian mortgage thought leader: Get personalized answers to your questions, pre-approval information and quotes for exclusive low mortgage rates.
- Certified Financial Planner (CFP®) credential: A unique tool set to help you reduce interest costs, save on income tax and build wealth faster.
- Determined to lower your rate and help make your approval a breeze.
Daily Coverage of the Canadian Mortgage Market
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Forward inflation guidance for April:
Next weeks CPI report is expected to show further softening, with headline inflation coming in at 2.7%
Preferred BoC inflation measures (CPI 'median', 'trim') generally trending down
We'll see on Tuesday, ...enjoy the long weekend!
It's no secret mortgage business is down. Here are two monthly expenses I will not give up:
- Twice/ week English tutoring for daughter: $450/mo
- Taikuando lessons for daughter: $400/ mo
Sometimes it helps to drive a paid for Honda...
Fixed mortgage rates have been around 5% for almost 2 years now
Rates at these levels are becoming normal by virtue of time, whether they remain here or not, weather we like it or not
I seem to have gotten rid of my Economic Woes...
If there was any faith-based question, I did not put him down for his faith, I commented that his behaviour was not consistent with such a strong faith... There's a difference...
From 2008 - 2022 Govs were addicted to loose Monetary Policy in the form of low rates and QE to stimulate the economy
From 2022 - today Govs are addicted to loose Fiscal Policy to stimulate the economy
Can the economy handle loose fiscal and monetary policy together?
Canada bond yields pop today on stronger than expected Jobs data
The June cut is on thin ice...
Seems like every week now another major broker or lender bites the dust...
Regulators clamping down and definitely noticing deeper lender reviews and MORE reviews of mortgage applications
BoC rate cut sentiment for June is diverging into two camps:
(1) The market is now indicating a 74% likelihood for a June cut, while
(2) Tiff and Co, and some top economists are indicating more time is needed
Who's right? The market, the economists or neither?
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