Agron Mortgages, MBI
1055 West Georgia Street V6E 3P3 Vancouver, BC, Canada

Breaking News! Changes to the Mortgage Stress Test are coming! Find out what is happening below!

Yes, it's true. We have a 1.99% 5 year fixed rate! Call or E-mail me today to discuss your options!

Very startling news. CMHC has proposed new rules for insured mortgages. 1.) Decrease in TDS and GDS (you now qualify for less) ... 2.) Increase in minimum credit score from 600 to 680. 3.) No borrowed downpayments allowed. This all basically means that you will qualify for less all the while making it hard for you to qualify. https://www.cmhc-schl.gc.ca//cmhc-reviews-underwriting-cri

With The Bank Of Canada reducing the stress test amount most Canadians could qualify for this home! Sadly its in the UK and sadly it needs A LOT of work. https://www.mirror.co.uk//huge-33-bed-mansion-seems-220555

CHMC could be making the minimum downpayment 10%. This is all in a act to protect against a potential 8-12% decline in home prices nationwide that they see potentially happening. Interesting fact that the average Canadian home owner has made a captial gain of $340,000 and $300,000 can be directly tied to increased monetary supply. ... https://www.cmhc-schl.gc.ca//supporting-financial-stabilit

Yes, things are getting tougher for sure. Now more than ever do you need expert help. We at True North Mortgage have a vertically integrated lender as a part of us. This means we know what the lenders are thinking and doing as we are also a lender and broker. Best of both worlds. Call me today if you need help. ... https://www.canadianmortgagetrends.com//covid-19-fallout-/

https://www.cbc.ca/news/business/bank-of-canada-1.5497098 A unscheduled rate cute from the Bank of Canada. This is very unusual but given the circumstances it makes sense.

Big news. 0.50% rate cute by the Bank of Canada to put the benchmark rate at 1.25%. This definitely can heat up the market! ... https://globalnews.ca//bank-of-canada-0-5-interest-rate-/

Time for Canadians to take control of their home financing and seruce the best rates and products in the country. Break up with the banks and call me today!

Which one is right for you? This will depend on your specific financial landscape. Give me a call and I can give you a better idea which one suits you best.

Let's talk rates! I tell you what the current rates are at and also what some of the 2020 foecasts companies are making about the Canadian housing market!

Rate Update! Rates came down for Insured Purchases under 1 million. See below!

Mortgage Rate Update! What are the current rates at? See below.

No rate cut from the Bank Of Canada. The prime rate stays at 3.95% https://business.financialpost.com//bank-of-canada-holds-k

Looks exactly like a couple of buildings in Milan I saw a couple years back. Very cool design. https://www.narcity.com//torontos-newest-skyscaper-will-be

Hmm... to my self employed trades clients. You may want to read this. https://globalnews.ca//6036682/cra-underground-economy-ho/

We are here for you when you need help! Honestly, just contact us to get the answer you need and we will guide you along the way. https://www.canadianmortgagetrends.com//canadians-need-gu/

You don't say... With high incomes from the very well paid blue-collar sector and super cold winters keeping people away, of course, it will be affordable. It is the perfect storm of affordability. Good incomes and not a lot of demand. ... https://edmontonjournal.com//edmonton-among-most-affordabl

Now Toronto is the city of unaffordability. Vancouver has lost its crown. Maybe, that's a good thing... https://www.whichmortgage.ca//toronto-takes-second-place-i

Well, mortgage-backed securities are making a comeback. The questions are, can we do them the right way this time around? Or did we not learn anything from 2008? https://business.financialpost.com//home-capital-gives-can

I am not surprised. With massive equity growth that the boomers have seen since they bought their homes for 80,000 dollars and the fact, most people don't save enough for retirement. How else are they gonna pay for retirement? Retirement is not free... ... http://www.bnnbloomberg.ca/don-t-pay-til-you-die-reverse-mo

Relax media outlets. You can only "fudge/increase" income figures so much because of the banks asking for documents like the NOA's or T4's. And if in fact there are people increasing their incomes to qualify for more its within the bank's allowable amount.... Just like your allowed to gross up self-employed income by 15% because banks understand people will claim less to pay less in tax. https://www.cbc.ca//millennials-lie-mortgage-application-e

Global interest rates have been taking a beating because of investors talks about a global recession. Fear-mongering itself can trigger a recession in a stable economy. They can literally speak it into existence... https://www.huffingtonpost.ca//mortgage-rates-canada_ca_5d

No change from the Bank Of Canada. They kept the key rate at 1.75%. They are resisting the pressure to cut the rate, especially since the Americans have. https://www.google.ca/amp/s/www.cbc.ca/amp/1.5269746

Interesting read. Canada is a perfect hedge for international investors worried about a global recession. She also states that there is no housing "bubble" because data shows high housing prices are because of low supply. ... I wonder who else has been saying this for years? Yes, your local realtor! Do you want to fix housing prices? Commit to more supply. https://www.theglobeandmail.com//article-why-canada-could/

Maybe nows the time to swoop in and grab some real estate! Or maybe it's just a blip in the action. Whoever knows the answer to that is gonna be wealthy. ... https://business.financialpost.com//canadian-home-sales-ri

Interesting read. Things have gotten a bit cheaper and couple that with low rates. Some pretty good signs for "affordability".... https://www.huffingtonpost.ca//housing-affordability-canad

Rate Update! 5 Yr Rate at 2.39% (High Ratio) 5 Yr Rate at 2.79% (Conventional)

It really was short! At True North, we are seeing rates as low as 2.49% and they may come down further! https://www.theglobeandmail.com//article-the-era-of-highe/

Yes, these are our rates at True North Mortgage! 2.49% 5-year fixed special only with us! With these amazing rates and the Bank Of Canada dropping its qualifying rate we can approve you for more! ... DM/Call me for more information!

US owned Genworth, a Canadian mortgage insurer, is being set to be sold to a Chinese conglomerate. Do the Chinese see growth they want to get in on? or Do the US see decline they want out of? Who knows? ... https://www.cbc.ca//bus/genworth-mortgage-canada-1.5196843

Rate Update: 2.54% 5 year fixed rate!

Longer term renting is creating too much friction with landlords. Create less friction with Landlords and long term renting then you will have more long term renting. How do you do this? Well, your guess is as good as mine...... https://www.greaterfool.ca/2019/07/03/the-scourge/

The government just doesn't want to be on the hook if the market shift. That is why the stress test exists, just to reduce the number of mortgages given. Let's be honest, when it comes down to it the government insures all mortgages...... The government just doesn't want to be on the hook if the market shifts. gage-stress-test-in-face-of-pushback-from-industrys

The government released information about another home buying program. Basically, the government will act as your partner in the purchase of a home and they will share in the profit/loss. You borrow 10% of the current purchase price you pay back 10% of the sale price when you sell. Doesn't matter if the price went up or down. ... https://www.placetocallhome.ca

Something to think about... https://betterdwelling.com/this-weeks-top-stories-canadia/

The Bank of Canada... They are no better at predicting future economic growth than you and me. Predicting just makes them feel better about themselves. https://www.bnnbloomberg.ca/bank-of-canada-leaves-key-rate-