Angry Mortgage Ron Butler

Capital Gains Tax Increase & Property Sales: it ain’t pretty. Should Canada Ban Huge Corps buying up individual houses, Hell Yes!! Calgary Mayor says all young people want to Rent & never buy a house: it’s a Freedom Thing…… Say WHAT! How small are some of these new Government subsidized units going to get? Does a 330 sqft unit seem a bit small? Bank of Canada has a big dilemma. Viewer Mail! WTAF happened with the GOLD HEIST
 

After 10 years of Ron beating the Drum in Mainstream & Social Media, 2 sets of Ron’s Testimony before Parliamentary Committees last Friday the Housing Minister Sean Fraser announced the Federal Government will commence consultation to allow Financial Institutions to verify Borrower Income through CRA : What a Breakthrough, thank you Minister. More Housing & Mortgage News on 30 CMHC Amortization and mortgage extensions for Financial Hardship. Mortgage Rates Update. WTAF can we please get a Full Time Finance Minster

Government keeps throwing  money all over the place but so much of it is aimed at what is destroying the Federal Government in the polls: Housing & affordability. Another $15 BILLION rolled out for rental apartment loans: when will something happen that helps people who want to BUY a home? Rate Movements this week! more bumps in Mortgage Rates. Is it going to get harder for Canadians to even get a mortgage?  Facts & Fiction And What’s with the Eclipse? Is this the first frigging one ever?

What a Week! The Federal Liberal Government ran out the completely fake Renter Bill of Rights: We break down that Tissue of Lies
OSFI the Bank Regulator laid plans to make just a little harder for Canadians to get mortgages in 2025. Blind Trust Insanity: CRA created a massive paper jungle for anyone who wanted to co-sign on their kids house. And when the Competition Bureau told the OSFI boss Peter Routledge he needed to change the Stress Test on straight renewals Peter told them to Eff Themselves

Crazy Canadian House Prices make it so hard to qualify for the huge mortgages needed to buy homes in Canada, let’s break down why housing is so screwed up. Rate Update. Viewer Mail. Why the heck are we stress testing Renewals? The Competition Tribunal Agrees with me that it makes no sense. WTAF sense is there in defunding roads but spending $40B on EV battery plants.

Understand this: when CMHC says Housing Starts are up, when the Federal Government says $Billions$ are being spent through the Housing Accelerator Fund, when Provincial Spending $Millions$ to improve Housing Starts: its NOT many Houses to buy: its mostly rentals. Don’t be fooled 2024 will create far FEWER houses to buy than in the last decade: the TRUTH about housing in CANADA.