Pierre Poilievre VS Justin Trudeau - Canadian Real Estate Justin Trudeau claims to help Canadians get a "toe in the door" of homeownership. While the correct phrase would be "foot in the door", there is some truth to this statement, as I expect many Canadians are likely to get their toe slammed in the door - and likely become permanent renters - under his continued leadership. While he may have a fantastic haircut - in my opinion, Trudeau has very little in the way of ideas - and most of what he proposes are socialist programs which will be very limited in scope. In this video interview, Pierre Poilievre demonstrates a deep understanding of the forces driving the Canadian housing market - irresponsible fiscal and monetary policy, combined with "big city gatekeepers" slowing down permit approval processes with red tape and needless bureaucracy.
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David Eby & The NDP Is DANGEROUS - Here's Why
In this video, I'm sharing why I'm opposed to the NDP and why they're dangerous for BC. The NDP is a dangerous and flawed party that is opposed to everything that has made our province successful. From our strong economy to our strong public health system, the NDP would dismantle everything that has made BC such a great place to live. David Eby is a far left socialist radical - and he will cause major problems for the BC housing market.

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Mortgage Stress Test Revision
I am beginning to hear whisperings from some of my mortgage brokers about a potential revision to the B20 mortgage stress test. As of 2018, buyers have been stress-tested at either the contract rate plus 2%, or the 5 year bank of canada posted rate - whichever is higher. This stress test was designed to protect both consumers and lenders from over-leveraging in the real estate market at a time when interest rates were at record lows and expected to rise. Now, however, we are near the end of the interest rate tightening cycle. First time buyers are qualifying at close to 8% interest rates - a very difficult hurdle. This is forcing people into the rental market, which is why we're seeing newer concrete one bedrooms condos in Yaletown, False Creek, and Mount Pleasant now pushing $2900/month. Due to this problem, many within the industry are calling for a reduction in the qualifying rate. In addition, there are rumblings of stretching CMHC insured mortgages o ...