Welcome to Make Money Count! In this episode, we dive deep into the world of mortgages and present to you the best mortgage options available in Canada today. Whether you're a first-time homebuyer or looking to refinance your current mortgage, this video is packed with valuable insights to help you make informed decisions. 🏡 Discover the secrets to securing the best mortgage rates and terms for your dream home in Canada. Our expert team has compiled years of experience and research to provide you with a comprehensive guide to finding the perfect mortgage solution. From understanding the different types of mortgages to exploring the eligibility criteria, we've got you covered! 🔍 We'll discuss the key factors lenders consider when evaluating mortgage applications, including credit scores, income verification, and debt-to-income ratios. Learn how to improve your chances of approval and negotiate favorable terms that suit your financial goals. 💡 Additionally, we'll share expert tips and strategies to help you navigate the mortgage process smoothly. Discover little-known techniques for reducing your mortgage payments, saving on interest, and even paying off your mortgage faster. Take advantage of our insider knowledge and empower yourself as a homeowner. 📚 Whether you're a prospective homebuyer or simply interested in the mortgage landscape of Canada, this video is a must-watch. Join us as we unravel the intricacies of mortgages and equip you with the knowledge needed to make confident decisions in the housing market. 0:00-0:43 Introduction  0:43-3:30 Market Analysis  3:30-4:49 Analyzing One-Year Fixed Rate  4:49-7:48 Analyzing Two-Year Fixed Rate  7:48-10:31Analyzing Three-Year Fixed Rate  10:31-13:31 Analyzing Five-Year Fixed Rate  13:31-17:31 Discussing Variable Rate Numbers  17:31-19:00 Predicting Bank of Canada's Next Moves 19:00-19:34 Outro #BestMortgageCanada #CanadaMortgageGuide #HomeownershipTips #MortgageSolutions #FinancialFreedom #MortgageRatesCanada #HomebuyingTips #MortgageAdvice #RealEstateCanada #MortgageStrategies 🔔 Subscribe for more! PODCAST: =============================== Apple: https://podcasts.apple.com/us/podcast/make-money-count/id1579718660 Spotify: https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ iHeart Radio: https://www.iheart.com/podcast/269-make-money-count-85477969/ Podbean: https://makemoneycount.podbean.com/ SOCIAL ===============================  ♪   - TikTok: https://www.tiktok.com/@cannect.ca 👥 - FACEBOOK: https://www.facebook.com/cannecthomefinancing 🐣 - TWITTER: https://twitter.com/CannectLoans 📸 - IG: https://www.instagram.com/cannect.ca/ 💼LinkedIn: https://www.linkedin.com/company/cannect-home-financing 👇👇YOUR BEST HOME MORTGAGE NOW AND FOREVER 👇👇 https://cannect.ca/ https://cannect.ca/ https://cannect.ca/ 👇👇INVEST WITH CANNECT NOW👇👇 https://cannect.ca/mortgage-investment-corporation ✅ Averaging 8.11% returns. ✅ Nine years of established success 🎓 Learn more about how to Make Money Count: http://MakeMoneyCount.com

The best mortgage brokers in Toronto are back with another Make Money Count podcast! Canada's economy recently experienced an unexpected boost in job growth, with the addition of 60,000 jobs in June, surpassing economists' expectations of a 20,000 increase. While this positive employment report is encouraging, experts remain divided on the implications it holds for the labor market and the overall economic outlook. Unemployment Rate and Labor Market Indicators Despite the job gains, there is a noteworthy increase in Canada's unemployment rate, which now stands at 5.4%. This uptick suggests potential loosening in the labor market as more individuals enter the workforce without immediate job prospects. However, it is important to consider that this situation could have a silver lining for the Bank of Canada's objectives. Bank of Canada's Perspective on Inflation and the Labor Market The Bank of Canada has been actively seeking to slow down the job market to control inflation. The rise in the unemployment rate may provide some relief to the central bank, as it could help alleviate inflationary pressures. By intentionally cooling down the labor market, the Bank of Canada aims to maintain price stability and prevent excessive inflation. Wage Growth and Speculation on Interest Rate Hike While the overall employment figures are positive, the average hourly wage growth has experienced a slowdown in year-over-year growth, with an increase of 4.2% in June, the slowest rate since May 2022. Economists speculate that these wage growth trends may influence the Bank of Canada's decision on another potential interest rate hike. Probability of an Interest Rate Hike Following the release of the jobs report, market data suggests that the probability of a rate increase has risen to 65%. This indicates that investors anticipate a potential tightening of monetary policy by the Bank of Canada in response to the recent labor market developments. However, it is worth noting that wage growth has eased, and wages for permanent employees have remained stagnant, which may provide some reassurance to the central bank. What's Ahead Canada's unexpected job gains in June have sparked discussions among economists regarding the intricacies of the labor market and the broader economic landscape. While the increase in the unemployment rate signals potential challenges, it also presents an opportunity for the Bank of Canada to address inflation concerns. Wage growth trends and the probability of an interest rate hike further contribute to the ongoing debate on the future direction of monetary policy. As we navigate through these economic dynamics, it is crucial for policymakers, investors, and individuals to remain vigilant and adaptable in understanding the complexities of the labor market and inflationary pressures. By examining these factors comprehensively, we can gain valuable insights and make informed decisions that will shape the trajectory of our economy moving forward. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

In this podcast, we delve into the recent decision made by the Office of the Superintendent of Financial Institutions (OSFI) to raise the domestic stability buffer for big banks. The move has garnered significant attention within the financial sector and has important implications for the stability of the Canadian banking system. We provide an in-depth analysis of the reasons behind this decision and its potential impact on the banking industry. Understanding the Domestic Stability Buffer The domestic stability buffer is a regulatory tool used by OSFI to ensure that banks have an adequate capital buffer to withstand potential financial stress. It serves as a safeguard against economic downturns and acts as a protective measure to maintain the stability of the banking system. By increasing the buffer, OSFI aims to enhance the resilience of big banks and reduce the risk of financial instability. Rationale behind OSFI's Decision\ The decision to raise the domestic stability buffer stems from a careful assessment of various factors affecting the Canadian banking sector. OSFI closely monitors the risks and vulnerabilities within the financial system and adjusts the buffer accordingly. The recent increase is a proactive measure to address potential risks and strengthen the resilience of big banks. Factors Driving the Increase 1. Economic Outlook OSFI takes into account the prevailing economic conditions and the outlook for future growth. By considering factors such as GDP growth, inflation, and unemployment rates, OSFI assesses the potential impact on the banking system. The decision to raise the buffer indicates concerns about the economic environment and the need for banks to be prepared for adverse scenarios. 2. Housing Market Vulnerabilities The Canadian housing market has experienced significant growth in recent years, raising concerns about potential vulnerabilities. OSFI recognizes the importance of mitigating risks associated with mortgage lending and real estate exposure. The increase in the domestic stability buffer serves as a preventive measure to address these vulnerabilities and ensure the soundness of banks' mortgage portfolios. 3. Global Financial Conditions OSFI closely monitors global financial conditions and their potential impact on the Canadian banking system. Volatility in international markets and uncertainties surrounding global trade can pose risks to banks' stability. The decision to raise the buffer reflects OSFI's commitment to proactively manage these risks and maintain the resilience of the banking sector. Potential Implications The increase in the domestic stability buffer will have several implications for big banks and the broader financial system. 1. Strengthened Resilience By raising the buffer, OSFI is reinforcing the resilience of big banks and their ability to weather adverse economic conditions. This measure ensures that banks have a sufficient capital buffer to absorb losses and maintain the provision of essential financial services. 2. Enhanced Financial Stability A stronger capital position for banks contributes to overall financial stability. The increased buffer mitigates the risk of potential failures and reduces the likelihood of taxpayers bearing the burden of a bank bailout. This move aligns with OSFI's mandate to promote the stability and efficiency of the financial system. 3. Impact on Lending and Profitability The higher domestic stability buffer may influence banks' lending practices and profitability. With a larger capital requirement, banks may exercise more caution in extending credit, particularly in riskier segments such as mortgage lending. This could have implications for borrowers and potentially slow down credit growth in certain sectors. Conclusion In conclusion, the decision by OSFI to raise the domestic stability buffer for big banks underscores the importance of maintaining a resilient and stable banking system. The increase is driven by a careful assessment of various factors impacting the Canadian financial landscape. By strengthening the capital position of banks, OSFI aims to mitigate risks, promote financial stability, and safeguard the interests of depositors and the broader economy.

Welcome to the Make Money Count podcast, brought to you by Cannect Home Financing, your trusted mortgage broker in Toronto, Canada. In this episode, we delve into the current state of the Canadian housing market and explore the factors that may contribute to a potential rise in interest rates. Join us as we discuss the impact of higher interest rates on Canadian consumers and address the challenges in meeting the housing demand. Additionally, we touch upon recent successes in the stock market and provide practical advice for Canadian homeowners. We'll try to provide practical advice specifically tailored to Canadian homeowners. From managing mortgage payments to exploring refinancing options, we offer actionable tips to help homeowners make the most of their investments. Whether you're a first-time buyer or a seasoned homeowner, these valuable insights can guide you in making informed decisions to optimize your financial well-being. We will also explore various aspects of the Canadian housing market, including its current status, the potential rise in interest rates, the impact on consumers, challenges in housing supply, recent stock market successes, and practical advice for mortgage planning. By equipping listeners with knowledge and expert perspectives, Cannect Home Financing aims to empower individuals to make informed decisions and navigate the ever-changing financial landscape with confidence. Stay tuned for more episodes of Make Money Count, where we continue to explore topics related to personal finance, investment strategies, and the Canadian real estate market. Remember, when it comes to your financial future, every decision counts. Transcript: What Interest Rate Should Canadians Take In 2023 - Make Money Count 063 Transcript   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

The finance podcast hosted by the team with the lowest Home Equity Loan returns with another episode of Make Money Count! The latest podcast episode centers around the recent inflation reading and its implications for the Canadian housing market. Inflation The inflation rate came in higher than expected. Driven primarily by increases in shelter costs such as rental rates and mortgage interest. This has created a cyclical effect where inflation causes increased interest rates, leading to higher debt servicing costs and rising rental prices. The conversation also touches on the likelihood of the Bank of Canada increasing interest rates again and the impact on five-year fixed mortgage rates. As the housing market remains resilient with climbing prices and transactions. It is expected that interest rates will stay elevated for a longer duration, prompting consumers to consider fixed-rate mortgages over variable-rate options. Supply & Demand The discussion continues around the factors influencing the impact of supply and interest rates on housing prices. The lack of supply is a key reason for the increase in prices. The longer interest rates remain high, the higher the probability of more supply entering the market. The availability of supply will be the determining factor in whether prices go down. If banks change their approach to borrowers who are struggling to meet new payment terms, more properties could hit the market. Clients who took shorter-term mortgages during COVID and now face higher interest rates may consider selling their properties. The conversation shifts to the influence of the media frenzy on housing prices. It is acknowledged that the media coverage created fear among people, discouraging them from taking action in the market. The trend of stretching out amortization and moving up the property ladder will change, with some suggesting that people may be stuck in their homes longer, waiting for equity and lower amortization. However, that stability in housing prices has been maintained, and once interest rates drop and costs increase, the market dynamics could return to a similar pattern. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn   Transcript: Is Inflation Creeping Back Into The Canadian Economy - Make Money Count 062

The team behind Toronto's best home equity lenders is back with another edition of Make Money Count! In this episode, Marcus is joined by Rina DiRisio, a skilled real estate agent with 30 years in the industry. Interest Rates The Canadian housing market has been a topic of much discussion and debate, with concerns about affordability, supply, and demand at the forefront of many conversations. Marcus and Rina highlight some of the key issues currently facing the market, including worries about supply and the impact of interest rates. Did you know 20% of all mortgages currently held by banks are not servicing the interest on their mortgage? This could lead to a greater supply issue if banks become worried about holding the line. This concern is compounded by the fact that many of these mortgages have amortization exceeding 35 years. Which could lead to negative equity positions for homeowners. Housing Supply These concerns about supply are not unfounded. Higher rates could lead to an increase in mortgage defaults, which could in turn lead to a surplus of supply. This could be particularly problematic in areas where there is already a high level of inventory on the market. Marcus and Rina's conversation highlight the delicate balance between supply and demand in the Canadian housing market. While demand for homes remains strong, there are concerns about the ability of the market to continue to supply enough homes to meet this demand. This is particularly true in areas with high levels of inventory. Where rising interest rates could lead to a decrease in demand and an oversupply of homes. What's Ahead? One potential solution to these issues is to increase the supply of new homes on the market. This could be achieved through various measures, including changes to zoning laws, increased incentives for developers, and the creation of new affordable housing units. By increasing the supply of homes on the market, it may be possible to alleviate some of the concerns around affordability and supply, while also ensuring that demand for homes remains strong. Another potential solution is to address some of the underlying issues that are contributing to the current state of the market. This could include measures to address income inequality and the wealth gap, making it easier for more Canadians to afford homes. It could also involve greater investment in public infrastructure. Making it easier for people to access jobs and other opportunities outside of major urban centers. Ultimately, the Canadian housing market is facing a complex set of challenges that will require a multifaceted approach to solve. We need to address both the supply and demand side of the equation. By working to address the underlying issues that are contributing to the current state of the market, it may be possible to create a more sustainable, equitable, and affordable housing market in Canada. Show Notes: - 0:00 Introduction - 4:30 Predictions for future Interest Rates - 5:45 Russians Prank Call Jermaine Powell  - 10:03 Discussing the busiest Real Estate Month - 10:49 Pros and cons of listing your house for sale versus buying a new one. - 12:25 Real Estate Trends from the 1980s: - 17:40 How bank defaults can impact the real estate market  - 19:32 Marcus compares Canadian Banks to Braveheart - 25:10 Benefits of banking with Canadian banks - 27:15 Marcus and Rina make a bet about the real estate market in one year from now.  - 30:15 Discussing Rina’s most expensive house sold  - 33:00 Telling you how to Succeed as a Real Estate Agent       Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Ontario's best mortgage broker, Cannect Home Financing, returns with another episode of Make Money Count. This episode breaks down the Bank of Canada's April 2023 Monetary Policy Report. We also sit with Peter Philip Papousek of Team Papousek, who is in the Top 25 Real Estate Teams in Remax Canada and one of the country's best luxury real estate agents. Bank of Canada Monetary Policy Report Let's talk about inflation. The report shows that prices for things like food, gas, and housing have been going up, and that's not good news for our wallets. Supply chain disruptions and increased demand are some of the reasons behind it. However, the report also says that the central bank expects inflation to ease in the next few months, which is a bit of a relief. Another thing to keep an eye on is government spending. With the new Canadian budget announcement, the government is due to spend a lot of money. While it has helped support businesses and households, there are concerns about the long-term impact on inflation and the overall economy. Interest rates are also important to understand. The report suggests that interest rates will likely stay the same until the end of the year, which means borrowing money might not get more expensive for now. However, it's worth noting that previous interest rate increases could still affect the economy, and some Canadian banks are allowing mortgages to run, which could add to the challenges we face as Canadians. Let's meet Peter Philip Papousek Peter Philip Papousek is a real estate agent associated with RE/MAX in Mississauga, Ontario, with a wealth of expertise in the local market, making him the go-to professional for all your real estate needs. What sets Peter apart is his impressive track record, including the record sale of a high-priced home in Mississauga. His exceptional negotiation skills and market insights have earned him a reputation for delivering outstanding results for his clients. Peter's commitment to excellence and personalized approach ensures that he goes above and beyond to exceed his client's expectations. But Peter's expertise isn't just about numbers and sales. Real estate is a family affair for Peter, as his father was also involved in the business. Peter's deep-rooted passion for real estate and his family's legacy is evident in his unwavering dedication to his clients and his genuine care for their real estate needs. Whether you're looking into buying luxury real estate, are a seasoned real estate investor, or looking to sell your property, Peter Philip Papousek is the trusted professional you can count on. Contact him today to experience his unparalleled service and expertise in helping you achieve your real estate goals. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Are you curious about how world issues can impact interest rates? Well, buckle up, because the best mortgage brokers in the business return, helping you to understand this connection. An essential part of managing your finances. Simply put, world issues, such as economic instability or geopolitical tensions, can ripple effects on interest rates. For example, if there is a global economic downturn, central banks may lower interest rates to stimulate borrowing and spending. This can make it easier for you to get a loan, but these times typically don't last long. On the other hand, if inflation becomes a concern, central banks raise interest rates to make borrowing more expensive and slow economic growth. This can make it harder to get a loan. It's also worth noting that world issues can affect different interest rates in different ways. For instance, the Federal Reserve sets the federal funds rate, which is the interest rate that banks charge each other for overnight loans. This rate can have a significant impact on other interest rates, such as credit card interest rates, student loan interest rates, and mortgage rates. Additionally, international events can impact exchange rates, which can, in turn, affect interest rates. For example, if a country's currency depreciates, it may become more expensive to import goods, which can lead to higher inflation and higher interest rates. Why should you care? So, why should you care about this? Well, for starters, if you're planning on taking out a mortgage in the near future, understanding how world issues can impact interest rates can help you make informed decisions about when and how to borrow. If interest rates are high, you may want to hold off on refinancing until they come down. In the meantime, a home equity loan is probably better for you. Similarly, if you're looking to save money, it's essential to pay attention to interest rates. If you're trying to build an emergency fund, for example, you'll want to look for a savings account with a high-interest rate so that your money can grow faster. Overall, while world issues may seem far removed from your everyday life, they can have a significant impact on your finances. By staying informed about global events and understanding how they can impact interest rates, you'll be better equipped to make smart financial decisions. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Welcome back to Make Money Count, the podcast by the best mortgage brokers in the GTA, Cannect Home Financing. In this latest episode, we discuss the details of the Canadian 2023 Budget Announcement and the fall of Silicon Valley Bank. Buckle up, because it's a wild ride! Silicon Valley Bank grew its deposits significantly, largely due to the tech companies and venture capitalists in Silicon Valley. They needed to put that capital to work to earn a yield on those deposits, so they invested in what they perceived to be low-risk bonds. However, when deposit holders wanted to withdraw their money, the bank had to liquidate those bonds, which resulted in a loss. This loss was so significant that it exceeded the bank's market capitalization, putting the bank in a vulnerable position. Peter Thiel, a well-known venture capitalist, instructed companies to take their money out of the bank, which led to a run on the bank as word got out. The FDIC backstopped the bank, which meant that depositors were not supposed to lose their money, but anything over $250,000 was supposed to be gone. However, the FDIC is a fund paid into by banks, not taxpayers, and the decision was made to backstop all deposits. The main takeaway from this crisis is that banks can be vulnerable if they don't have a sufficient capital buffer to absorb losses from their investments. Additionally, media outlets like CNBC may not always provide information that helps predict market events, as they may only report on events after they happen. The Canadian 2023 budget has been criticized by some, including Conservative Leader Pierre Poilievre, who called it a "spending bonanza" that will fuel inflation and harm taxpayers. Others have criticized the budget for not addressing the housing crisis in Canada, which has become a pressing issue in many urban centers. The Residential Construction Council of Ontario, for example, said that the budget does not fully address the systemic problems delaying the construction of much-needed housing. Overall, the 2023 Canadian federal budget is a bold attempt to address some of the most pressing issues facing the country today. While it may not be perfect, it will be interesting to see how these measures play out over the coming years. We dive into all these topics and more on the latest episode of Make Money Count. Be sure to subscribe on your favorite platform!

This episode does not constitute as financial advice. Past performance is not indicative of future results. See Offering Memorandum for details and risks. As of February 15, 2023, average return is 8.14% annualized since inception with DRIP and loan to value ratio is 52.3%. The global economy is facing an unprecedented crisis, one that combines the worst aspects of both the 1970s-style stagflation and the 2008 debt crisis. This new phenomenon, known as the stagflationary crisis, is characterized by a combination of high inflation and low economic growth. In this article, we will discuss what a stagflationary crisis is and how it combines aspects of both. We will also examine the potential responses of the Federal Reserve and the Bank of Canada to the crisis, as well as provide advice for investors on how to protect themselves against a potential recession, debt crisis, and out-of-control inflation. Finally, we will take a closer look at how rising mortgage rates have impacted housing affordability in Canada and what steps the bank is taking to monitor and proactively reach out to clients at higher risk of financial stress. What is a Stagflationary Crisis? A stagflationary crisis is a unique economic phenomenon that combines the characteristics of both stagflation and a debt crisis. Stagflation is a situation where an economy experiences stagnant economic growth and high inflation. In contrast, a debt crisis occurs when many borrowers default on their debts, causing widespread financial instability. The stagflationary crisis combines these two problems. The result is a situation where the economy experiences high inflation and low growth, while simultaneously facing a debt crisis. How will the Bank of Canada Respond? Historically, the Bank of Canada might respond to a potential debt crisis, stock market crash, or explosion in debt defaults by implementing a series of monetary policies. These policies may include lowering interest rates, purchasing government bonds, and providing liquidity to financial institutions. The ultimate goal of these policies would be to stimulate economic growth while keeping inflation under control. However, with inflation at its current levels, this may not be an option for the Bank of Canada for some time. Investor Strategies for Navigating the Crisis As an investor, there are several steps you can take to protect yourself against the potential recession, debt crisis, and out-of-control inflation. One strategy is to diversify your investment portfolio to minimize risk. Another approach is to invest in assets that tend to perform well during times of economic crisis. An investment like gold, or in mortgage investment funds, such as the Cannect MIC. Comparison of the Actions of the Federal Reserve and the Bank of Canada The actions of the Federal Reserve and the Bank of Canada during the crisis have been similar in many respects, with both central banks implementing a variety of monetary policies to stabilize the economy. However, there have been some key differences between the two banks, such as the Fed's preoccupation with contemporaneous and lagging economic indicators, which carries risks. Impact of Rising Interest Rates on Variable-Rate Mortgage Holders The rising interest rate has had a significant impact on variable-rate mortgage holders, with many experiencing higher monthly payments. However, the percentage of Canadians with variable rates is relatively low, with most opting for fixed-rate mortgages instead. But are banks taking steps to monitor and proactively reach out to clients at higher risk of financial stress? That is yet to be seen. In conclusion The potential risks of recession, debt crisis, and inflation are on the minds of many investors and economists today. However, by remaining disciplined, diversified, and focused on long-term goals, investors may be better positioned to weather short-term market volatility. Additionally, it is worth monitoring the impact of rising mortgage rates on the Canadian housing market and considering the actions and approaches of central banks like the Fed and the Bank of Canada. Finally, investment opportunities such as the Cannect MIC thrive during times like these as property owners look for ways to access equity and get them through this economic time. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn   0:00 - Intro 1:12 - CIBC and eroding equity from mortgages 6:17 – How is the Bank of Canada making decisions for interest rates? 9:25 – Minimum wage and inflation 12:03 – US vs Canada inflation strategies 13:50 – Affects on the Housing Market 19:00 – When’s the right time to buy? 23:09 – Stagflation 25:09 - Nouriel Roubini and the Perfect Storm 35:15 – Cannect MIC vs Mutual Funds 42:36 – What’s going to happen next? 48:53 – Is this the new normal?

Welcome back to Make Money Count, hosted by the best mortgage brokers in the GTA, Cannect! If your mortgage is up for renewal soon, you may be feeling anxious about the possibility of renewing your mortgage in a high interest rate environment. While it's true that interest rates have risen over the past year, there are still ways you can secure a mortgage with a low interest rate. In this blog post, we'll share some tips on how to renew your mortgage in a high interest rate environment. First, it's important to shop around for the best mortgage rate. Don't simply accept the renewal rate offered by your current lender without doing some research first. By shopping around and comparing rates from different lenders, you can find a better deal that will save you money in the long run. Second, consider getting a shorter mortgage term. While a longer term may seem more appealing, a shorter term can actually help you save money in the long run. A shorter term means you'll pay off your mortgage sooner and will likely have a lower interest rate. Finally, consider speaking to a mortgage agent to discuss your options. At Cannect, we offer a range of mortgage solutions that can help you save money on your mortgage. In our recent podcast, we discussed some of these solutions in more detail, so be sure to check it out. RRSP Contribution Additionally, we also want to remind our readers to contribute to their RRSP before March 1st. By contributing to your RRSP, you can reduce your taxable income and save money on your taxes. This can be especially helpful if you're worried about your mortgage payments in a high interest rate environment. Renewing your mortgage in a high interest rate environment can be stressful, but by following these tips and consulting with a mortgage agent, you can find a mortgage solution that works for you. Don't forget to check out our podcast for more information and to contribute to your RRSP before March 1st to save money on your taxes. 0:00 - Intro 1:53 - Firms – The canary in the coal mine 4:51 - Strength in Toronto real estate 8:28 - Phil’s suggestion for managing higher mortgage interest rates – Start the conversation 14:08 - Viewer question –  My mortgage payments have doubled – What can I do? 19:00 – Increasing amortization to mitigate the impact of the debt servicing payment 22:06 - Why selling may not be the best option to escape high mortgage payments 26:51 – Viewer question – Renewal offers are terrible – Is it possible to transfer my mortgage somewhere else? 29:00 – Potential discounted rates when moving mortgages between lenders 32:32 – Viewer question – I have a good fixed rate but want to leverage my home’s equity for renovations, is there a way to do this without losing my rate? 35:03 – Marcus updates Phil on the state of Cannect MIC 41:25 – Phil’s thoughts on Cannect MIC   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokers are back with another episode of the Make Money Count Podcast. In this episode Marcus and Justin give an update to the economic responses of 2022. The topics of discussion: Inflation Surges, Interest Rates Rise, and the Housing Market Correction. Overall, 2022 was a year of rapid tightening and inflation, with the economy remaining strong but certain indicators pointing towards a potential recession. The housing market also saw a correction, with affordability challenges leading to a rising outflow of residents from Toronto. Follow along on the charts by visiting the episode page. If you are in need of a home equity loan, Cannect should be your first contact. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Welcome to another episode of Make Money Count, the podcast from the best mortgage brokers in the GTA. As mortgage professionals, we know that this industry can be highly competitive and fast-paced. That's why it's important to have a strong team by your side, whether it's a group of brokers working together or a business partner you can rely on. In this episode of our podcast, we were joined by Ben Ferguson, a top real estate agent with Matt & Ben Toronto Real Estate Team. A good friend who has been in the industry for over 20 years. As we reminisced about our careers, we realized that our friendship and mutual trust have been integral to Cannect's success in the mortgage industry. Working with someone you enjoy being around and who you trust can make all the difference in the daily challenges and long-term goals of any industry. When you have a supportive team, it's easier to navigate the complex world of mortgage lending and take advantage of opportunities to grow your business. But strong business partnerships aren't just about having someone to share the workload with. A mentor or someone to bounce ideas off of can also be invaluable in the mortgage industry. In our experience, good communication and collaboration are key to building a successful mortgage brokerage, or real estate team. Ultimately, building strong, supportive relationships is essential in the real estate and mortgage industries. Whether it's a team of brokers or a long-term business partner, having a group of people you trust and enjoy working with can lead to long-term success and make the journey more enjoyable. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Welcome to our episode on Canada's down payment assistance program and current pre-construction home prices! Cannect, Toronto's best mortgage brokerage, are here to provide you with all the information you need to make the best decision for your financial future. Whether you're considering a pre-construction home or looking for assistance with your down payment, we're here to help. With our expertise and knowledge of the Canadian mortgage market, we help you navigate the process and find the best solution for your needs. On The Show... Down Payment Assistance Canada's Down Payment Assistance Program is a government-funded program designed to help Canadians purchase their first home. The program provides a grant of up to 5% of the purchase price of a home, or up to $25,000, whichever is less. The grant is available to first-time home-buyers with a household income of less than $120,000 per year. The grant is intended to help cover the cost of a down payment, closing costs, and other expenses associated with purchasing a home. The program is administered by the Canada Mortgage and Housing Corporation (CMHC). We cover it all in detail in the episode. Pre-Construction Homes Further on the show we discuss if it's a good time to buy a pre-construction home. The uncertainty in the real estate market has people questioning. Pre-construction homes are often sold with a lot of assumptions. Therefore, some projections may not be that accurate in the current market. Additionally, the process of buying a pre-construction home can be complex and lengthy. It may be difficult to get financing. Finally, the value of the home may not appreciate as quickly as anticipated, leaving you with a property that is worth less than what you paid for it. We invite you to listen to the podcast, where we discuss the ins and outs of down payment assistance programs. With the right knowledge, you can make the best decision for your home-buying journey. Show Notes:   Attachments: First Time Home Buyers Information Make Money Count 053 Transcript Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn    

The best mortgage brokers in Toronto return! This week Marcus & Justin debate renting vs buying a home in this current market. With how much housing prices have declined and how much rental rates have risen, we have a question. Is it now cheaper to buy a property and build equity rather than paying all-time high rent prices? No matter the market, it is essential to examine these opportunities on a case by case basis. Have a listen to the episode to learn the math to help make the decision easier. The Math The team looks at an example in downtown Toronto where the monthly rent is $3000 and the purchase price is listed at $489,000. After putting 5% down as a first time buyer; a 5 year fixed rate of 4.8%; $1,292 in property taxes; and maintenance fees of $329 a month: you arrive at a monthly average cost of $3,192 a month. This is not much more than the $3,000 rent and you build equity at the same time. We also discuss the over-reactions of the central banks when it came to stimulating the economy during COVID. They are now over correcting it with rapid rate hikes. This is what has put real estate prices in a difficult position. They rose to unattainable levels and now are falling back to earth. This will have tough consequences for those who purchased at all time highs and now are servicing the debt at unaffordable levels. Only once inflation slows down will the central banks pause these rate hikes and then pivot in the other direction. Whether you're new to the city or you've been here for years, this video is a must-watch! We'll be discussing the latest trends in the Toronto housing market, and giving you advice on how to make the most of your investment. Make sure to watch to the end to find out which option is best for you!   0:00 - Intro 1:59 - Buy vs Rent example #1: 20 Joe Shuster Way 7:41 - How will the economics impacting the Buy vs Rent debate change in the foreseeable future? 14:32 - You have more to look forward to when buying if values are low and rates are high vs values being high and rates being low. 17:58 - You need to look at the Buy vs Rent decision on a case by case basis, but there are many attractive buying opportunities. 20:41 - Does Marcus own rental properties? The last 20 years has been an incredible bull run. 24:32 - Central Banks overshot way too far with stimulus and now they are overshooting way too far with rate hikes. 29:05 - Private Equity deals have dropped as well due to the increased cost of capital required to finance the purchases. Will that turn around soon?     Document: Buying Vs Renting In Toronto - Nov 2022 Transcript: Make Money Count 052 Transcript Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokerage, Cannect Home Financing, returns with episode 051 of Make Money Count. This week, Marcus and Justin outline four reasons to buy a home during a recession. It may seem scary to take the completely opposite path of everyone else, but it can prove to be a great decision in the long run. Have a listen to this episode to hear these great reasons. 1. The Math Over the last two years, interest rates have gone up drastically, which has made it much less affordable to buy real estate and service the debt on it. However, if the purchase price drops enough to counter this rate increase, you'll find that the math could balance it out. If you were willing to purchase a property when the 5-year fixed rate was 2.5%, how far does the price have to drop for you to still want to purchase when the 5-year fixed rate goes up to 5.5%? Well, on a $500K mortgage, this extra 3% of interest is equal to $15K per year. Over the 5-year term, that is $75K, or 15% of the mortgage amount. This means that if you can purchase the property for 15% less than you were willing to pay for it a few years ago, it would negate the cost of the interest rate increase. 2. Long-term success You make money when you buy something, not when you sell it. If you make a purchase when prices are lower, you are likely to set yourself up well for the future when others buy it from you. Over the long-term, property values trend upwards. So similarly to stock purchases, "buying on the dip" will set you up for success. 3. You have your pick of the litter During a recession, the supply of housing available tends to exceed the demand. This means you don't have to settle for the wrong house because there aren't enough affordable options available. When supply exceeds demand, it means that there is more to choose from. Conversely, this leads to a lack of bidding wars and gets you much better price. No more buying a house next to the train station because it was the only affordable place you could find with a spacious backyard. During a recession, you'll be able to get that corner house you've always been dreaming of. 4. The process is less stressful When the housing market is strong, it's actually a tough time to be a buyer. People line up to place offers on home, they sell in the blink of an eye, and they end up going way above asking price. During a recession, the tables turn. Agents are begging prospective buyers to check out an open house. The visits are on your schedule, not theirs. You can also take your time submitting an offer without fearing the home will be sold before you even leave the open house. If you can handle the stress of market uncertainty, the tradeoff will be much less stress in the home buying process. It won't be easy to buy real estate in a recession, but was it easy to buy before the recession either? Buying a home has to be done when the time is right and a recession should not scare you away.   Episode Transcript: Make Money Count 051 Transcript - 4 Reasons To Buy A Home During A Recession   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn   More about Cannect: Watch and read our testimonials and reviews Invest In the Cannect Mortgage Investment Corporation

It's the 50th episode of your favorite podcast Make Money Count! Toronto's best mortgage brokerage, Cannect Home Financing, outlines 5 ways you can make money during a recession. Investing during uncertain times can be scary, but when done properly and with the right research, there are still opportunities to make money. Always make sure you carefully evaluate the options and think about your specific goals and time horizon. Have a listen to the semi-centennial episode to hear them! 1. Buy Good Stocks A lot of stocks have taken a beating over the last year, but some of these companies are still very profitable and will come out of this recession strong. Even some of the bigger names like Amazon and Meta are down over 50% from their all-time highs. This is one of the most fundamental rules of investing: buy low, sell high! 2. Invest in Property If you can handle the increased carrying costs facing real estate investors today and have a long term time horizon, similarly to buying good stocks, this is a good time to buy that property you've been eying at a discounted price. 3. Invest in Cannect MIC Cannect Mortgage Investment Corporation has been preparing for tough times like this since inception. We motivationally align borrowers and investors by lending to good borrowers at a conservative LTV that have a probable and reliable exit strategy from the loan. This has resulted in a consistent return for our investors over the last ten years. 4. Short the Market Market prices and dividends have historically yielded a positive return, but if you own stocks, real estate, or other market-correlated assets, shorting the market using puts or other investment methods can act as a hedge for your overall market exposure. It is also just a good way to make bets on short-term market downturns. 5. Start a Business A lot of it comes down to the idea, startup costs, and execution, but starting the foundations of a new business during a recession can allow it to thrive when the economy turns around again. Marcus also goes into the importance of investing in yourself. Whether it is going to school or starting a business, a recession is a great time to make an investment in yourself. It's one that will always pay dividends. As stated in the episode, Cannect is not a financial advisory firm and the topics discussed do not constitute financial advice. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokers return for another episode of Make Money Count. They discuss how certain factors like delinquencies and rental rates may assist in stabilizing values with increased interest rates. They then dive into how the Cannect Mortgage Investment Corporation (MIC) has been prepared for economic conditions like these for a while due to conservative loan-to-values and prioritization of exit strategies. Have a listen to learn more about the current state of our mortgage fund. It's the tough times like these that show how prudently MICs have been lending. Many are currently unable to lend because their funds are tied up into deals with no exit strategy. When the only exit is default, it is very difficult for not only the borrower, but the lender too. When deciding which MIC to invest in, give them a call and ask the tough questions like how often do they stress test for LTVs; how do they arrive at property values for their loans? If these answers don't satisfy you, the cloudy days will be extra cloudy for these funds. Past performance does not guarantee future results. Prospective investors should rely solely on the Fund’s Offering Memorandum, which outlines the risk factors in making a decision to invest. Cannect MIC shares are sold through our exempt market dealer, Meadowbank Asset Management Inc. Not CDIC insured.   Attachments: Cannect MIC Investment Stats Make Money Count 049 Transcript Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

The best mortgage brokers in Canada, Cannect Home Financing returns with Make Money Count episode 048! In this episode, we'll discuss the Bank of Canada's decision to raise interest rates again, and what this means for you as a consumer. We'll also discuss how you can make money count in the current economy by using smart financial planning strategies. As a listener, you may be wondering what this means for the economy as a whole. The Bank of Canada has raised interest rates again, indicating that they are somewhat concerned about the inflation rate in Canada. This may mean higher prices for you as a consumer in the short term, but it also means that you should be aware of financial planning strategies that can help you make money count in the current economy.   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokers, Cannect Home Financing, return for episode 47 of Make Money Count. In this episode we discuss the latest employment numbers in the U.S. and Canada. These strong numbers might be bad for the respective economies. If this sounds like it's backwards to you, don't worry you are not alone. Have a listen to the episode to get the breakdown from the experts. We examine the historical rises of real residential property prices over time. The typical cause for the periods of strength has been cheap money. While we are definitely not seeing that right now. There are still many other solid macroeconomic trends that could keep the housing market afloat during these high interest rate times. Immigration, lack of supply, and yes, strong employment numbers could try to keep the market from falling further. Questions from this episode involve seeking capital from alternative lenders and borrowing money to invest in real estate. Pricing from alternative lenders is starting to go up. Lenders are seeing what is going on in the economy right now and they are nervous, even with well-qualified borrowers. These are situations where borrowers should be calling Cannect to make sure, as Justin says, they don't put themselves in the box the banks create for them. When it comes to accessing equity to buy real estate, make sure you think about the type of real estate you are buying and your time horizon. With interest rates this high and still on the rise, this is more important now than ever. If you're looking for a stable investment to get you through these economic hardships, take a look at the Cannect Mortgage Fund.   0:00 - Introduction 0:47 - What is the downside of a strong US job market right now? 3:22 - The Canadian job market is higher than expected as well. Inflation is still hot. 4:21 - The economy needs increased labour participation, and even unemployment, in order to reduce inflation. 8:51 - The trends of real residential property prices in Canada: the rises are from cheap money. 9:32 - There are still many favourable macroeconomic trends for Canadian real estate. 11:27 - Alternative lenders are starting to get stingy with pricing, even for well-qualified borrowers. 17:00 - Looking to buy real estate? Consider the type of real estate you are buying and the time horizon. 21:36 - No matter how high mortgage rates get, taking equity out of your home to pay down credit card debt will save you money and help your credit rating. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokers, Cannect Home Financing, return with Make Money Count. We explain what an Inverted Bond Yield Curve is, and why the US Dollar is rising as we head into a recession. Marcus Tzaferis and Justin Turner take the listeners through a few positive economic indicators. According to an article on Barron's, we may be seeing a peak in bond yields and the US dollar index. If this is the case, it could be a precursor to a rally for US markets. Why is this? Listen to the episode to find out! This cautious optimism entirely depends on inflation and the direction central bankers take. To show how quickly times have changed, the United Nations advised central banks around the world to pause rate hikes. This isn't unprecedented, but it is very rare. People are already feeling the impact of these rate hikes and for some countries this means hardship. As a result, for developing nations, it means people can't put food on the table. Your favourite brokers also answer some questions regarding home equity loans during these times of high interest rates. If you are looking to access equity, you need to carefully weigh the market uncertainty. First, weigh the premiums that come with it against the possibility of equity erosion if you wait too long.  Second, borrowing to invest also needs to be done carefully right now. Given how high rates are right now, you need to be very confident. The value and growth potential of the investment needs to justify the cost of borrowing. Similarly, some equities are at huge discounts right now. However, these opportunities still need to be evaluated carefully. If you're looking for a stable investment to get you through these economic hardships, take a look at the Cannect Mortgage Fund.   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage brokers, Cannect Home Financing, returns with episode 45 of Make Money Count. In this episode, we break down a viewer question, and then explain how to get a mortgage as a self employed home buyer. Every person has their own unique situation. It's important to find a mortgage broker that can look at exactly how you earn your money, and get you qualified for a mortgage. They will see how you can verify your income. The broker will see how much equity you have in your home. And they find the situation-specific factors which get the best borrowing options for you. In the end, it always comes down to reducing your weighted-average cost of capital (WACC), and lowering the cost of your debts. Marcus and Justin also answer a listener's question about what the main reasons for Canada's inflation are. Are they carbon tax implementations or record-high imigration? Unlikely. The carbon tax and cancellation of the Keystone XL pipeline were not enough to bring on global inflation on their own. Immigration will contribute in a positive way in Canada because it brings more workers into our economy and that will fight the recession. The reasons for inflation are much more global than they are domestic. Inflation is a global issue, not specific to Canada. Why do I need a mortgage broker? If you have gone to different mortgage lenders in the past and they have all said no, you need to speak with a mortgage professional. Someone who has your best interests in mind and knows how to navigate this new high interest rate environment. They will answer questions like: Is the best course of action a refinance? What's the difference between A HELOC from a B-lender, and private 2nd mortgage? And how do I include more income on my application? We dive into this and more. Have a listen to the episode to find out how to navigate the self-employed mortgage market. Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

Toronto's best mortgage broker, Cannect Home Financing, returns with Canada's best Mortgage Podcast, Make Money Count. In this episode Marcus and Justin discuss the contrast of inflation vs. deflation. Is this a cycle going on for the last 100 years? How will this effect Canada's housing market? Marcus and Justin also discuss the type of Government and Central Bank responses are used for different phases of the economic cycle. They examine the idea of the economy just needing a "catalyst" over the last few years, like a pandemic or a war, to bring the economy into troubling times. Have a listen to get the big picture. 1. Investors no longer believe we will have a "soft landing". First, we were told that with all the money the federal government was handing out, inflation wasn't going to be a problem. Later that changed to it only being a slight problem. A transitory result of global supply chain issues. Then the central bankers said inflation is a real concern, but it can be addressed and corrected without putting the economy into a recession. Today they don't even believe that to be the case, and investors are responding. Big business leaders like Elon Musk and Cathie Wood have stated that rates should be reduced again in order to prevent the economy going into a recession. It is clear that the longer these rate hikes continue, the worse our recession will be, and deflationary times. 2. The Cannect Mortgage Investment Corporation is in a strong position to lend money. The health and security of a Mortgage Investment Corporation (MIC) completely depends on the quality of deals it contains. A lot of other MICs are currently in a tough position to lend more now. Cannect did an effective job at lending with caution and on a reduced scale. We were in a good position to lend now with reduced home values and increased interest rates. Unfortunately, Home values will likely continue to drop and interest rates continue to rise. However, we feel more confident in the deals we fund today knowing that those home values have taken a beating. A lot of other lenders will be unable to lend with cash tied up. This will bring high-quality deals to Cannect's door step.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

  Toronto's best mortgage broker, Cannect Home Financing, returns with another episode of Make Money Count. Marcus Tzaferis joins Justin Turner from Greece for one last episode before the big announcement. Taking place Sept 7th, the expectation is that the Bank of Canada will increase the overnight rate. An expectation of 75 basis points, and likely another 50 basis points before the end of 2022. What does this mean, and how do Canadians prepare for this? Episode Takeaways: Jerome Powell, the Chair of the US Federal Reserve, spoke at the Jackson Hole meeting and his words didn't spark too much optimism of how soon the rate hikes will stop. On September 2nd, the US August jobs report came out and a lot more was riding on it than people may think. As backwards as this sounds, a bad jobs report likely would have meant a bit of a jump in stock prices because the public perception would be that with this extra sign of economic weakening, the US Federal Reserve would have to slow down the rate hikes. Right now, inflation, and therefore interest rates, are the overwhelming driving forces of the markets. Marcus also uses the SPY ETF to discuss his current market sentiment and how investors can use options to enter the broad equities market and invest in the direction they think it is headed. (This does not constitute financial advice).   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn

We have a special guest on this episode of Make Money Count! Gene McBurney, co-founder of GMP Capital Inc, has been good friends with Marcus for 15 years now. In this special episode, Marcus and Gene discuss important topics such as Russia's invasion of the Ukraine, energy policy around the world, and how those macroeconomic topics impact the entire financial services industry. This is an intimate and casual conversation where the two men share their love for wine, good conversation, and each other's company. Marcus Tzaferis founded Cannect to help homeowners borrow for less, and now Cannect Inc. is a top GTA mortgage brokerage. After stepping away from GMP in 2020, Gene McBurney now runs Investment Banking in Latin America & the Caribbean for Canaccord Genuity. Prior to his career in the financial industry, Gene was also a partner at a leading Canadian law firm. The two of them together have almost 50 years of experience in the financial services industry.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Marcus introduces Gene McBurney 2:54 - Running GMP: the rise and the demise 7:15 - In the finance industry, you need relationships with people who will pay you fees. 12:55 - Discussing Russia’s invasion of Ukraine and the support NATO has provided. 18:53 - Will spending excess money to end this war be the right answer? Putin has already proven he can pivot effectively. 25:31 - How geopolitical tensions are impacting energy policy in the US and worldwide. 36:11 - Can altering energy policy help us avoid a recession? 41:36 - Gene’s preference for business will always be financial services, but admits that it’s tough to compete with the banks.

Over the last few weeks, we learned that inflation numbers in the US dropped a bit. The market had its rally and bond prices dipped, but are we out of the woods yet? Banks’ fixed rates are still high and we have inverted yield curves. Have a listen to this episode to learn what this means for the short and long-term future of the economy. 3 key takeaways from this episode are: 1.     Through good times or bad, banks keep their shareholders in mind. This is their obligation, so don’t take it personally. Even though bond yields have declined, banks still have high fixed rates. They can justify it by saying the added amount is to ensure protection against market instability, but it’s still extra profit when those earnings reports come out. People who work at banks also don’t have to have mortgage training. That’s another cost the banks will save because they can. What should consumers do with this information? Don’t do all your business with one bank and use a mortgage broker to get you the best rate. By going to other institutions, you are showing your bank that you are knowledgeable about the other options out there. They want to optimize earnings, but they don’t want to lose you. And by going to a mortgage broker, you are getting a trained professional IN THAT FIELD who will work to get you the best product for you. 2.     The best way to make money in the market is to deploy capital when prices are low and others are fearful. Investors make money when they buy at good prices. There is no way of knowing when assets are at good buying points, but the economy tends to swing on a pendulum that favours the positive side. If you have a long-term time horizon, you should consider buying assets anytime the economy swings down because in the long run, you’ll make money when the pendulum swings again. This may not apply to all assets and all economic situations, but it is worth considering if you ever had your eye on an asset and you see it discounted due to tough conditions. 3.     The markets may have rallied, but there might be a lower bottom in this cycle. The news of inflation leveling off in the US is good, but there are way more variables at play for the long-term health of our economy. We currently have inverted yield curves, which means the return on a bond declines as the term gets longer. The implication of this is that once a bond of shorter duration matures, investors are pricing in the idea that proceeds will be reinvested in a time of reduced rates and tougher circumstances, hereby leading to a bond of longer duration from the beginning having a reduced rate today. The last time we saw inverted yield curves was 2008 and they have historically told us that a recession is incoming. Even if inflation does level off, the overnight rate stabilizes or drops, and asset prices start to climb, there is still the fear that if the Bank of Canada drops the rate too quickly that inflation could head back up again. This is something they’d really want to avoid. Marcus Tzaferis and the Cannect Team   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Intro 1:10 - It’s a bad time to take fixed rate mortgages with bond yields dropping. 6:30 – It is not wise to do all your business with one bank, according to the Bank of Canada. 9:29 – Monoline lenders are very helpful for our economy but were hurt when the BoC instituted a rule change impacting their ability to get portfolio insurance. 13:18 – You don’t make money when you sell something, you make it when you buy. 15:56 – How to make money in the market: Deploy capital with asset values discounted. Monitor market fear and greed.  24:37 – The markets rallied with the expectation of inflation decreasing, but we may not have settled into a bottom just yet. 26:13 – We currently have inverted yield curves, which tends to indicate a recession is near. 30:51 – A lot of Canada’s wealth is in Real Estate, so drops in values hit the economy hard. 34:57 – Where is the economy likely headed over the next year? 40:20 – Are other mortgage brokers struggling in this environment? 45:35 – Another reason to use a broker? People who work at banks are exempt from having mortgage training. 50:24 – Wrapping up the episode.

Inflation is hitting us hard, and interest rates are on a non stop ascent. But what other numbers can we use to examine the current economic landscape? How will these metrics impact the Canadian consumer in the short-term? This week's episode takes a thorough look at important metrics like bond yields and the sales to listings ratio. Marcus and Justin discuss what these metrics can tell us about the future of our economy. The first part of the episode outlines how bond prices move. As the Bank of Canada overnight rate continues to see hikes, yields of newly issued bonds go up as well. What does that mean for bonds that have already been issued at a fixed rate and currently trade on the open market? They drop in price because that's the only way investors will buy them instead of the newly issued ones at higher rates. When the stock market faces uncertainty, the bond market is where investors flock, but it is tough to time these purchases in a market where rates are still on the rise. The episode also compares the average home price in Ontario with the sales to listings ratio. Over the last 4 months, we are seeing fewer homes being sold relative to how many homes are listed for sale. As the inventory available on the market goes up, it puts additional downward pressure on home prices as sellers meet the prices buyers are willing to pay. And this is exactly what we have seen starting in March and April with an increased inventory leading to declines in the average home price. If you are watching the video version of this episode, you can see these exact numbers.   Marcus Tzaferis and Cannect Team   0:00 - Intro 1:10 - Central Banks are taking action to ensure inflation doesn’t become entrenched in our economy. 4:09 - How the bond market works. 7:27 - The role of inflation in the bond market. 12:34 - Have 5-year fixed rates hit their peak? 14:22 - Examining the decline in home prices and comparing home sales to home listings. 18:04 - We can expect more downward pressure and declines in transactions for the rest of 2022. 21:20 - What else will these rate hikes and value declines lead to? 28:06 - What is a global economic reset? 33:26 - Ways to approach a recession: monitor spending, buy assets at good value. 37:57 - Costs of services affected by the shutdown in particular have skyrocketed. 42:31 - There is nothing on the current horizon to turn around the economy.   #Cannect #MakeMoneyCount #InterestRates #Inflation #Finance #Investing #WealthManagement #MortgageBroker #podcast #Recession

It’s the 40th episode of a little mortgage podcast called Make Money Count. Boy is it a big one! Inflation has been ridiculously high. It was reported yesterday that the US annual inflation rate hit 9.1%. It isn’t too far behind that in Canada. This rate hike is an extreme measure. It’s the Bank of Canada’s way of showing that fighting inflation is the #1 priority. Have a listen to this informative episode to learn about how we got here and what this means for Canadians going forward! Looking back on the last 2 and half years, it has been a murky timeline. The next two years may prove to be more of the same. The past 2 years: We prioritized short-term stimulus over long-term economic health. When COVID hit, Canada, the US, and many other countries decided that the best measure was to give everyone a ton of money to stimulate the economy. Was this the right move? Well, for the politicians focusing on getting re-elected, it definitely was. Now with all of this money pumped into the economy, we are seeing costs skyrocket and a recession looming. COVID may have been an emergency, never-before-seen situation. However, it is now very clear that a more strategic and conservative approach to aiding the economy at the time should have been taken. The next 2 years: High interest rates likely leading to a drop in real estate prices. Hopefully inflation has hit a peak, but it will likely take a few more half-point hikes to actually turn it around. Even with these actions, it is clear Government officials are taking it a step further. Over the last several years, Canada and the US have really wanted to emphasize the transition to renewable energy sources. Now Joe Biden travelled to Saudi Arabia to meet with the PM. Increasing oil production is expected to be a topic of discussion. 18 months ago, taking this trip was unlikely to be on his radar.   A lot of our clients that are renewing are considering a 2-year term for their next mortgage with the hope that rates start to come back down in the back half of 2023. With the appropriate rate hikes, we could absolutely see this happening. Meanwhile if you are in a position where you need access to home equity, this could very well be the last chance to maximize the value of your property on a refinance. Whether it is through a full refinance or a home equity loan, the staff at Cannect are ready to help you.   Marcus Tzaferis and the Cannect Team   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 0:33 - The Bank of Canada increases the overnight lending rate by 1%. It now sits at 2.5%. 4:31 - Are markets losing confidence in the Central Banks? 8:50 - To get re-elected, Government officials may prioritize short-term economic stimulus over long-term economic health. 13:38 - Still taking variable rate over fixed? What term length? 18:18 - When the prime rate increases, the variable rate mortgage payment stays constant, but more of the payment goes towards interest vs principal. 22:32 - The US is finding they need to increase oil output, despite wanting to emphasize renewable energy for the last several years. 27:00 - These interest rate hikes will shock the market, when do they come back down? 30:22 - Are we underestimating the impact of a massive drop in the housing market? 32:05 - Greece would handle recessions by giving jobs to everyone. This had consequences. 34:44 - Is a 2-year term a good option in this economic landscape?

In this episode, Marcus hits the air remotely from Greece. The guys discuss how inflation and the interest rate environment are going to impact mortgage lenders and their lending policies towards Canadian borrowers. Last week we all heard that inflation in Canada hit 7.7%. It’s impact on the economy is everywhere; at the pump, the grocery store, and at restaurants. How is it impacting Canadian Lenders and how will it impact your next mortgage? What changes might we see going forward and what can you do to prepare? Some key takeaways include: First, lenders are concerned just like the rest of us. After the 2008 crisis, the maximum Loan to Value Canadians can borrrow against their property was dropped from 95% to 80%. When the economy struggles or faces uncertainty, changes are usually made. We have not seen anything drastic yet, but if we continue down this current path, changes can't be ruled out. A & B lenders tightening their HELOC requirements would not come as a huge surprise. We are already seeing some 2nd mortgage lenders not offer renewals to existing clients, which means that either they are not receiving payouts at their usual rate or they are now reconsidering a former qualified borrower's credentials for this economic environment. Neither of these are great signs. Second, are we sure the BoC and Federal Reserve are completely independent of their respective Governments? When Trump was in Power, he told Jerome Powell not to increase interest rates; Powell listened. The chair of the Federal Reserve is appointed by the President and the Governor of the Bank of Canada is appointed by the Prime Minister. Why would they bite the hands that feed them? Our Country leaders have the same agendas too; to stay in power. Trump wanted to keep the economy as strong as it could be leading up to his next election. As a result of these actions, a recession that was already looming pre-pandemic has just been delayed and maybe made worse. It's tough to have a Central Bank that is closely tied to its Country's Government that is always thinking about re-election.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Intro 1:15 - What does inflation of 7.7% mean to the average consumer? 5:37 - Inflation is currently scarier than a recession. 9:39 - A recession would create an opportunity for first time home buyers to enter the market, but will make it trickier to access home equity. 17:23 - Through the economic uncertainty, Cannect MIC returns have remained steady. 18:37 - This is a tough time to lock in to a 5-year fixed rate. 20:51 - Email question about accessing home equity without breaking the first mortgage. 25:17 - How banks might alter their lending amid this economic uncertainty. 30:48 - Cannect MIC has always been ready for real estate prices drops. 32:13 - 2nd mortgage lenders may not all be able to offer renewals now. 35:31 - Marcus’ laundry tips from Greece. 38:12 - Email question about banks changing lending policies. 44:49 - Are the Bank of Canada and Federal Reserve maybe too influenced by their respective federal Governments? 49:58 - The economy was already not looking great pre-pandemic. #Inflation #InterestRates #Economics

How’s the current economic outlook? Pretty bleak. Interest rates are rising, inflation is still sky-high, and asset prices have taken a nose-dive. We may be approaching the peak of economic uncertainty, or maybe that’s just the optimism from summer beginning! Have a listen to the episode to get a more in-depth view from the Mortgage Broker Team at Cannect Home Financing. A few key takeaways: The rapid rise in interest rates is changing the way qualified Canadians borrow money. We discussed in the previous episode how and why there could be a take off in the home equity loan market with interest rates rising. Therefore, we look at how will this impact private lenders though. Even with the potential for a drop in real estate prices, this could prove to be a tailwind for the risk level of private home equity loans. Cannect prides itself in helping home owners with ample home equity repair their covanent and get to lower cost capital. But if more loans are given to borrowers that have no covenant to repair, then the overall risk profile of these loans will drop. The real estate market may look uncertain, but this could be a very strong silver lining. Cannect isn’t a small company, it’s just “folksy” You’ll have to listen to get a better breakdown, but the essence of this statement is that Cannect is not a large institution like a bank. We are a company of regular people that are just like our borrowers. We’ve grown slowly, we take pride in being direct-to-borrower and direct-to-investor. We love being able to regularly communicate with our borrowers and investors like we are doing right now. The fact that we are this way is just one of the reasons why we feel very confident going into difficult economic times. Marcus Tzaferis and the Cannect Team   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 0:45 - The market is responding to the cost of money increasing. 3:15 - Have living costs hit their peak? 6:05 - If Marcus could travel back in time, what would he do? 8:50 - Marcus thinks we could see a pause in the rapid interest rate hikes if they continue to take place this quickly. 11:06 - This interest rate environment creates an attractive opportunity for mortgage funds like Cannect. 15:13 - Email question from a borrower looking to access home equity. 20:33 - The Cannect BBQ recap. 22:03 - Email question from a borrower wondering if now is the right time to lock in to a fixed rate. 26:28 - More BBQ highlights. 29:24 - No matter the size of Cannect, staying direct to the borrow and direct to the investor continues to be the priority. 35:00 - Cannect’s slow growth is why we feel as confident as we do going through economic uncertainty.

This episode examines the current economic outlook, and it is not too pretty. High inflation is the problem the Bank of Canada is prioritizing, which is why interest rates are rising, which is why stock prices are falling and home ownership is more expensive. What is the next domino to fall? Maybe housing prices? Have a listen to learn more! Some key takeaways to consider: 1. Refinance your unsecured debt while home prices are high. If real estate values fall, this will reduce the amount you can borrow against it and reduce the amount of unsecured credit you can wipe off your bureau. So act soon if you are in this position. 2. What might this lead to? A take off in the home equity loan market! A lot of people took advantage of rock bottom interest rates two years ago and refinanced their debt. If qualified borrowers need more money now, they may find it is in their best interest to just take a second mortgage at a higher interest rate than refinance the whole mortgage to access more equity at today's 5-year fixed or variable rate. If you are a qualified borrower and need to access more funds, speak to a Cannect agent to see whether a second mortgage or a complete refinance is your best path to long-term savings. 3. "Don't fight the Fed" With the Bank of Canada's priority being to bring down inflation, rates should continue to rise and asset prices should continue to fall. If they fall so much that the BoC has to shift their priorities, their actions will reflect this change. Interest rates may drop back down again and, subsequently, asset prices would rise back up. The BoC has fires to put out, and the way they decide to do it will shape the economy for the foreseeable future.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   Marcus Tzaferis and the Cannect Team #Inflation #MortgageBroker #MakeMoneyCount

This week's episode takes a deeper dive into the Russia/Ukraine crisis and what it might lead to in this current economy. As we discussed last week, there are a lot of macroeconomic trends taking effect right now even without this crisis including inflation, increasing interest rates, surging oil prices, and more. If this crisis continues, how will it impact these current trends we are seeing? Have a listen to the episode to find out. The Bank of Canada is meeting next on April 13th. Not only will any rate changes resulting from that meeting be important, but so will the way it gets communicated to us. We will see who wins the $50 bet. Matt says no change, Marcus says 25 bps, and Justin says 50 bps.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Intro 2:00 - Ukraine and Russia and Economic Strategies 6:15 - Accommodating central banking policies 7:00 - Ground level effects & What the average consumer is worried about 8:00 - The math behind taking a variable rate mortgage 10:00 - Interest rate hikes & Monetary policy 11:40 - Inflation & Volatility in the market 15:30 - What to expect with your variable rate 17:50 - The housing market & Canada's economy 20:15 - What Cannect customers want to know 25:45 - Re-stabilizing the economy 32:55 - Where do we go when the nukes fall?  36:00 - Do policies against Russian Oligarchs have any effect? 40:00 - Energy Policy affecting our Asset Security

This week's episode is all about how the economy maintains good order and balance. On Wednesday, the Bank of Canada increased the overnight rate from 0.25% to 0.50%, the first rate increase since 2018. How does this impact inflation? How does it impact the Canadian people? Have a listen to the episode to find out! Here is what you can take away from this episode: 1. Will this rate hike solve our inflation problems? Probably not. When interest rates increase, the impact that has on an economy isn't realized for 12 - 18 months. Consumers were so tight for cash during COVID though, and many of them still are, that this was not a possibility last year. The Bank of Canada will spend the next few years hiking interest rates at a steady clip to see where the proper balance is of fighting inflation fears vs. those of a bear market. 2. Energy policy has a huge effect on foreign policy. Energy is a valuable resource. Every country has a vested interest in it's cost and accessibility. Some countries are mass producers of energy, while others rely on importing it to keep their economy afloat. When inflation leads to a skyrocketing cost of energy, countries pay attention. 3. We STILL love the variable rate. The fixed rate has been pumped up by talks of 6, maybe even 8 interest rate hikes in 2022, so if the year continues and we find we aren't on pace to reach those marks, the fixed rate should come back down a bit. The variable rate is still at such a huge discount to prime, so we feel that if you are okay with taking a bit of risk, the variable rate looks really good.    Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Intro 1:18 - Marcus’ shirt 4:03 - Bank of Canada increased interest rates this week by 25 bps, the Federal Reserve in the US may do so shortly. 6:02 - Is inflation a result of shipping companies increasing costs during Covid? 8:23 - Increasing the overnight rate won’t help fight our rapidly increasing costs, only takes more out of people’s wallets. 10:37 - Energy policy affects foreign policy and how countries behave. 13:28 - Relying heavily on the wrong countries for resources can lead to instability in the world. 15:45 - A caller asks whether the prime rate hike will help to slow down inflation. 17:45 - Interest rate hikes will have a psychological impact on inflation and it gives the Bank of Canada ammunition if we enter a bear market. 20:22 - Housing prices are still being heavily impacted by the lack of supply available. 22:28 - The variable rate is still attractive. There may be downward pressure for fixed rates in the future as well. 24:29 - Justin has another interest rate metaphor for Marcus’ shirt.

This week's episode examines the current geopolitical situations Canadians have been exposed to and how they may have an impact on mortgage rates. These events may have a huge impact, a marginal impact, or even no impact at all. Regardless of which you think it will be, these are the times Canadians should be re-evaluating their mortgage. You want to make sure the mortgage you currently have accurately reflects where you think interest rates will be going. Have a listen to the episode to get a better breakdown. If you re-evaluate your mortgage and decide a change is necessary, give Cannect a call. We can get you locked into a fixed rate now if you are concerned several rate hikes are on the horizon. Or if you don't think rates are going anywhere for a while and you currently have a variable rate, we might be able to get you a larger discount on prime than you currently have. Maybe you don't want to think about your mortgage at all, in which case give us a call and we can evaluate it for you.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 3:56 - How will the trucker protests impact mortgage rates? 6:24 - How will the Russia-Ukraine situation impact rates? 9:24 - When there are shifts in the geopolitical landscape like these, it’s a great time to re-evaluate your mortgage. 14:07 - Clip of Marcus from 11 years ago discussing how the unrest in Libya was impacting oil prices. 17:13 - The success of Cannect’s investment fund comes from the borrowers. 22:05 - Feedback from a client on how thankful she was for her experience with Cannect. 25:23 - Regardless whether you think borrowing will be easier or more difficult in the future, there are good options for you right now.

New Make Money Count episode! It has been a while, but with all the talks of inflation and rising interest rates, we had to hop on to give our two cents. Inflation may seem scary, but as you'll hear in the episode, we don't believe the actions taken by the Bank of Canada will be as drastic as the markets may be pricing in because:   1. The average consumer debt right now is high, and each rate hike will have a pronounced impact on that debt.   2. There's been a lot of inflation recently, but a lot of that pressure is believed to be a result of supply chain issues that won't be fixed by an increase in interest rates.   This is why we still believe the variable rate is a great option. And whenever that time comes that you want to lock in, call Cannect before going to your bank. Through one of the several mortgage finance companies we work with, we can get you a fixed rate with more favourable breaking costs. Remember, 70% of mortgages are broken before the end of their term.      Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. Show notes: 1:55 - Marcus predicted the bank rate hikes were media-driven over the last few months. 3:18 - Why Marcus thinks inflation issues might be exaggerated. 6:35 - Interest rates will go up. Where are they now? 8:34 - Media outlets and big brokers all thought we would see an overnight rate hike in January. 13:12 - Marcus still thinks the discount on the current variable rate is too good to pass up. 16:43 - Calling Cannect is the best way to determine the best course of action for your mortgage. 19:19 - The mortgage finance companies are setting the market for rates and banks decide when they want to compete. 21:00 - People are still in need of funds as a result of Covid 26:29 - Follow us at makemoneycount.com!

This week's episode was an information-packed one about the current state of our economy. All we hear about on TV are interest rates and inflation. People also look to the bond market to get an idea of where interest rates are going, but does this always paint the entire picture? Have a listen to the episode to get the full story! Interest rates may be on the way up, but if the Bank of Canada raises them too fast, they could have even more problems to deal with. So until the variable rate continues to close the gap between it and the fixed rate, we still see it as the more attractive option. And remember, Cannect can lock you into a fixed rate in the blink of an eye when the time comes.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 - Intro 1:43 - Theme of the episode: What the bond market and Canadian Banks are telling us about interest rates 3:07 - Background Info: Bond yields, interest and mortgage rates. 6:01 - The overnight rate: "The rate to end all rates" 9:14 - The BoC still sees inflation as transitory 11:46 - Marcus does not see interest rates increasing as quickly as the bond market is predicting due to it being too costly to make a mistake. 13:22 - The 2 ways money has been pumped into the market: Monetary and Fiscal Policy. 15:39 - If we increase interest rates too quickly now, we'll have to spend even more money than we already have to continue fixing our economy. 18:22 - Inflation is largely coming from parts of supply chains attempting to increase their own profitability. 19:46 - A central bank can affect the economy just by talking. 21:26 - Where does Marcus see interest rates going? 28:13 - Why a repeat of the 80s is very unlikely. 32:47 - The BoC and the bond market are taking different positions when it comes to inflation. 36:06 - Marcus predicts you'll be able to get a 5-year fixed rate within the next 3 months than what is on the market today  

This week's episode is all about how to get the most out of Cannect. Whether you are looking to renew, refinance, make a purchase, take out a home equity loan, or make an investment, Cannect has salaried employees readily available to help you make these decisions. In fact, some of these employees shared their most frequently-asked questions on the show with us today. Have a listen to hear what those questions are. The entire team at Cannect's top priority is simple: to get you into the lowest cost capital. Don't worry about whether or not you qualify, that's our job. Speak to one of our salaried representatives today to make sure you are in the best possible financial position you can be in.   Marcus Tzaferis and the Cannect Team 0:00 - Intro 2:45 - Justin introduces the theme of this week’s episode. 3:55 - Where do you start when you want to buy your first property? 10:52 - if you want to take a variable rate mortgage, how does one know when to lock in to a faxed rate? 14:40 - What rates can Cannect offer? Is this the only question one should be asking? 19:21 - Banks are incentivized to sell clients higher rates. 21:27 - How long does the mortgage process take? 23:01 - Looking to draw equity to invest? We have something to suggest! 26:17- How Cannect makes document collecting easy. 29:49 - Cannect’s job is to make you qualify. 33:15 - Ways Cannect will make your life better. 35:35 - Even after closing a deal, Cannect continues to work for the borrower. 36:40 - Why Cannect is a unique investment opportunity.

This week's episode examined Cannect from the investor's point of view. If you have heard us discuss our investment fund before and maybe wanted to learn a bit more about the advantages it can provide for you, then this is a great episode to have a listen to. A point that we brought up on the episode a few times that we always like to reiterate is that know one will ever be more confident in Cannect as an investment than we will. Our directors are investors, our staff are investors, and the friends and family of our staff are investors. We always want our investors to feel like partners rather than investors. If you have any questions about the fund after hearing the episode, don't hesitate to give us a call. We'd love to speak to you! Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 00:30 - Risk 1:10 - Investing with Cannect  6:15 - From Borrower to Investor  8:00 - Finding someone you trust 8:45 - What to do with the equity in your home 13:30 - Win a Keg Gift Card 14:15 - Your options with Cannect 17:30 - Nick talks about why you should invest in Cannect  19:15 - Minimizing Risk  22:00 - Making investing less intimidating  23:50 - The importance of our Diverse portfolio  26:10 - Slow N Steady 29:50 - Steady Income after retirement with Investments  33:00 - Matching Motivation Spelling Success

In this episode of Make Money Count Justin and Marcus talk about CLOWN blow up dolls, oh yeah and they also discuss how to secure the best mortgage rate for your situation. Marcus goes over the different types of rates and how they apply to different types of borrowers. The best mortgage now and forever and what that means for you, how Cannect can secure you the best mortgage for your situation and how that mortgage will be a solution not only just for now but forever. Justin discusses products for people that are self employed and how to qualify with your cash income. Wrapping up, Marcus and Justin talk about what it means when your bank says they have no options for you and what they actually mean (come to us!). Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation.   0:00 Intro 4:50 People's typical idea of a mortgage broker 6:40 How to get the best mortgage rate 7:30 The different types of mortgage rates are discussed 9:00 How to get the best information regarding interest rates for your situation 10:15 Discussing HomeOwners Insurance  12:00 The best mortgage Now and Forever 14:27 Variable Mortgage Rates and when to Lock in 16:20 Products for people that are Self employed 17:15 HomeTrust and Fully Closed mortgages  17:50 Justin Holds really intense eye contact with the camera 18:50 Lenders looking for Equity  20:55 First time home buyers with minimal declared income and high down payment 22:20 The 3 big things that lenders want to see 23:25 How to use your cash income to qualify for your mortgage 24:10 Alternative/B lender interest rates 26:40 When the bank says they have no options for you 29:00 We hate unsecured lines of Credit 30:30 Banks and collateralized mortgage charges 31:44 Reverse Mortgages

This week's episode takes a deeper dive into Cannect MIC. Specifically, it goes into how Cannect generates returns for investors, how it mitigates the risks involved, and how it maintains motivational alignment between the borrowers and the investors. Have a listen to get the details. If you were looking for more mortgage-focused information this week, go check out MakeMoneyCount.com to see previous episodes that are more centered on what you are looking to learn about. Or find Cannect on the social media platform of your choice.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 4:27 - Introduction to Cannect MIC 6:00 - Cannect MIC differs from its peers because it is direct to its borrowers and direct to its investors. 7:56 - Cannect MIC has $2M subordinated behind the rest of the fund, so Cannect takes losses up to $2M before the rest of the investors. 10:45 - Marcus explains to a caller how Cannect generates its returns and mitigates risk. 14:01 - Matthew goes over a real example of how Cannect generated returns by helping a borrower get to lower cost capital. 16:50 - Credit is say easier to fix than people think. 19:18 - Marcus explains to a caller why the investment minimum is $2500 and the lockup period. 25:26 - Cannect keeps investors informed and engaged through its investor portal. 28:14 - Check out MakeMoneyCount.com to find old episodes and links to our social media. 29:46 - Matthew explains how millennials are looking to get more involved with their own investment decisions. 32:25 - Marcus explains what he found to be missing pieces in the mortgage industry and how he aimed to solve them throughout his time in the industry.

This week's episode explored the impact of monetary policy on current interest rates, and inflation levels. According to the Atlanta Federal Reserve, quantitative easing over the last few years had a negative 2% impact on interest rates. What does this mean for you? Now that it may be slowing down, does this mean it's officially time to lock in to a fixed rate mortgage? Have a listen to the episode to find out!   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 0:52 - Even just speaking is a form of monetary policy for the Bank of Canada. 3:50 - The impact of quantitative easing on interest rates and what removing it will do. 5:14 - Are these inflation levels temporary? 7:36 - Justin explains why there may not be much time left to call Cannect 13:12 - Chantel calls in to ask about getting a business loan. 18:40 - Justin dancing to Thriller and discussing his Chris Farley impression. 21:10 - Is now the time to lock into a fixed rate? 27:04 - Elaine calls in to ask about consolidating her debt into a personal line of credit. 30:58 - Marcus discusses why banks should take a more long-term view on their borrowers. 32:35 - Cannect can help you build a plan to decide your most cost-effective plan to borrowing money. 35:00 - Banks don’t discriminate in their lending practices by area.

This week's episode discusses renewal and refinancing options. We go over the differences between a refinance and a renewal and when it is best to move forward with either decision. Determining the right time to break your mortgage is important in order to make the transfer as cost-effective as possible for you and Cannect can help you with just that. Big banks are not going to look out for you, they are going to try and cross-sell you whenever they have the opportunity. It's so important to know what banks are motivated by and if you can use that to your advantage, you'll have a leg up on everyone else. Have a listen to get this understanding and also what to consider when deciding to purchase a rental property in order to maximize your long-term earning potential.   Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing. Click here to invest in the Cannect Mortgage Investment Corporation. 0:00 - Intro 0:32 - Refinancing VS renewal 2:00 - Hammer down to lowest possible rate then shop around 4:00 - Bank of canadas and federal reserve overnight rate or prime rate 7:00 - Effect on the economy of stimulus and Banks cross selling products 10:00 - When you should lock in 15:00 - Breaking your mortgage at the right time 20:00 - Bonds yields go up mortgage rates go up and penalties go down 24:00 - Understanding what banks are motivated by and figuring out ways to use that to your advantage 27:00 - What to consider when Purchasing rental property

This week’s episode explored a few topics. The first being a report that millennials are looking to their parents for loans more than past generations. The next being the Cannect exit strategy: what is it, and how does it work? Take a listen to explore these topics with us.     One thing that is quite clear in this industry is that Canadians pay WAY to much for home equity loans when their banks decline them. We are at a point where pricing is determined exclusively by supply and demand instead of by the amount of home equity, the way it should be. Cannect is determined to bring the Canadian mortgage marketplace closer and closer to that point. Our commitment is to improve the financial well-being of our borrowers and we would love to do that on as large of a scale as possible.   0:00 - Intro 0:35 - Article shows millennials are relying more on loans from their parents to enter the real estate market than previous generations. 2:11 - Marcus explains how low interest rates leading to higher asset prices is a factor for this. 4:37 - Cannect can help structure a credit facility within the family. 8:14 - Justin and Marcus answer an email question about drawing equity out of one’s property to invest it. 10:58 - Cannect MIC is an option for investing this drawn equity. 13:59 - Cannect’s goal for every client is to make sure they are well informed. 15:52 - Borrowers come to Cannect to improve their financial position. 18:57 - Education, weddings, and many more large expenses are regularly paid for by parents even if it puts them in a financially vulnerable situation. 20:46 - The Cannect “exit strategy” is simply taking a borrower from one debt position and bringing them into a lower-cost one. 23:47 - A listener emails in who may be in a better debt position than she thinks. 28:23 - “The cure to anxiety is creativity”. Take action and make the call to see if you can improve your debt position. 32:42 - Canadians with ample home equity still find themselves paying way too much in interest. 34:45 - OSCAR is Cannect’s sophisticated mortgage underwriting technology. 37:31 - Like Googling your symptoms to make a self-diagnosis, finding the solution to your debt situation through Google can be difficult. 38:48 - Use Cannect as the resource to help you unlock and/or park your equity.  

This week's episode was centered around the mortgage renewal. People think that they are doing themselves a favor by accepting their lender's offer right when they contact you just to get it off your plate. We also continued with our previous show's conversation regarding interest rates and the direction they are taking. Whenever interest rates start to go up, variable rate borrowers should examine whether or not now is the time to lock into a fixed rate mortgage. Have a listen to learn how to get the best rate on your renewal and to get some insight on whether or not now is the time to lock into that fixed rate. If your mortgage is coming up for renewal soon, try out the tips from this episode! If you already forgot what they were or just didn't feel like listening this week, give Cannect a call instead. We can help you get the best renewal rate possible, even if it means switching to another lender. All the work that's involved with making the switch, we'll take care of it. 0:00 - Intro 4:46 - The culture of any company starts from the top. 7:25 - Justin discusses the image people in finance have and how Cannect looks to hire “real” people. 10:59 - Caller question about term length options for a mortgage and how your ideal option may change based on your credit score. 18:40 - Justin explains the difference between renewing your mortgage and refinancing your mortgage. 20:10 - Marcus discusses the stress test that was implemented a few years ago and the aftermath of it coming into effect. 28:47 - What happens if you don’t renew your mortgage? 30:48 - Marcus explains the bank’s mortgage renewal process. 34:00 - A caller asks if now is a good time to lock into a fixed rate.  

Back in 2006, the Bank of Canada produced a report that does a great job highlighting why Canadians should be using mortgage brokers. Did you know that the banks discriminate based on loyalty? Have a listen to the episode to hear more surprising facts from the article.   Ultimately, all of these benefits to using a mortgage broker can be summarized to simply having someone in your corner when it’s time to renegotiate your mortgage. The misconception about them is that they are just 3rd parties that get added to the transaction and their commissions come from your rate savings. Mortgage brokers get paid by the lender of your mortgage, not you. And if you don’t follow through with the deal, you don’t owe us anything! The unbiased advice our agents provide is free of charge. Our only objective is to make sure all of our borrowers are in the best mortgage suitable to their goals and needs. Never hesitate to give us a call to find out if there's a way your mortgage situation can be improved.   Marcus Tzaferis and the Cannect Team 0:00 - Intro 5:32 - What is a mortgage broker? 6:47 - A Bank of Canada report from 2006 shows the true benefits of using a broker. 11:47 - Caller question regarding the refinance of a commercial mortgage. 17:39 - Marcus and Justin discusses why and how banks may not have your best interests at heart. 21:41 - Justin explains to a caller how going to a mortgage broker is the best way to get free, unbiased advice for your mortgage situation. 24:43 - Matthew explains how an evaluation of your investment options relative to the rate you can borrow is imperative prior to a mortgage refinance. 26:40 - Cannect’s main goals are moving borrowers to lower-cost capital and optimizing the efficiency of their mortgage. 32:08 - Marcus takes a look at bond yield changes over the last 15 days and discusses how they may impact fixed-rate mortgages.

This week's episode is all about Cannect's investment vehicle, Cannect Mortgage Investment Corporation (Cannect MIC). Since 2013, we have been lending home equity loans to borrowers who need to repair or build their credit score, income, or their property. This won't be news to our longtime supporters and podcast listeners, but have a listen to this week's episode to learn more about Cannect from the investor's point of view. Cannect's goal is to generate stable, consistent returns that are uncorrelated to the stock market. It can be a great complement to a diversified investment portfolio. If you have any questions about our MIC, give us a call anytime to learn more. 0:00 - Intro 4:22 - How Cannect adapted to COVID-19 with its investment vehicle and borrower base. 6:51 - Improving credit simply comes down to removing any unsecured debt balances by using a borrower’s home equity. 8:17 - How does a Mortgage Investment Corporation work and how Is Cannect MIC different. 15:56 - How does Cannect evaluate borrowers for the MIC? 19:13 - A listener calls in with a question regarding where credit data comes from for credit reports. 22:58 - Marcus shows Cannect’s investor portal and website. 30:24 - Marcus provides examples of registered account opens that can be used to invest in Cannect MIC and some of the advantages they provide. 32:09 - A listener calls in seeking advice on drawing more money at his mortgage renewal and Marcus presents investing that money into Cannect MIC as an option. 38:40 - Quick last call taken regarding the use of registered accounts prior to retirement.

We have discussed reverse mortgages on the show before, but this week we took a much deeper dive. We explored what it is in the most basic terms, the pros and cons, whether it is sufficient for retirement income, the age requirements, the equity requirements, and how it factors into your future estate. Have a listen to the episode below to get all of these answers.   As far as we explored the reserve mortgage, the main takeaway from the episode should still be that Cannect's objective is to find the right mortgage for everyone that calls us. There are so many great financial products out there, but if you just walk into a mortgage lending company that offers reverse mortgages and ask for one, they'll give it to you. The agents at Cannect will ensure that there is no superior product out there before recommending a reverse mortgage to you. It is a great product, but only if it is absolutely necessary. A call to Cannect might be exactly what you need to find out what that ideal product for you is.   0:00 - Intro 2:42 - What is a reverse mortgage? 3:34 - What makes a reverse mortgage attractive? 4:35 - Limitations of a reverse mortgage 8:29 - An alternative for accredited investors might be borrowing money to invest. 11:20 - A reverse mortgage in basic terms. 13:19 - An email from a listener looking at debt consolidation options and how his family can potentially help. 19:29 - Small percentage changes to your debt can be life changing. 21:38 - Can a reverse mortgage be used as a primary income source during retirement? 25:34 - Ideal age for a reverse mortgage and planning it with your retirement and future estate. 30:00 - The product range the Canadian mortgage market can have is advantageous to the consumer. 32:08 - The reverse mortgage is a great product, if it needs to be used. 36:20 - Text question from a listener about taking equity out of his home to assist his daughter make a down payment. 39:33 - Text question from a listener about getting turned away from a reverse mortgage lender.

This week's episode talked about two important aspects of today's lending landscape: credit and modern technology. Credit has been essential to securing low-cost capital forever. While everyone thinks that bad credit is impossible to repair, it is in fact the complete opposite. Have a listen to the episode to get a better idea on how credit can be improved.   Technology, on the other hand, is rapidly improving and always changes the way we see the mortgage industry. As you'll hear in the episode, Cannect invested in its own technology many years ago that aimed to ensure all of our customers are in the healthiest long-term financial position they can be in. If one of our customers, even those we served many years ago, has a way to save money by breaking their mortgage or locking into a fixed rate mortgage, we will alert the customer of this opportunity. Without the technology and the people, Cannect would not be the company it is today. 0:00 - Intro 0:55 - An uncertain economy can ruin credit, but it can easily be repaired. 3:36 - Matthew explains why Canadians should start a dialogue on improving their financial situations. 5:39 - Marcus elaborates on why a mortgage broker can be that trust person to speak about your financial situation with. 10:30 - The banks only have certain tools to help you, and their profitability comes first. 17:19 - Canadians are becoming more well informed on the limitations of their bank’s advice. 19:34 - Cannect’s people and technology are its driving force. 27:03 - Marcus explains some differences between borrowing in Canada vs Europe. 29:48 - Email question from a borrower whose bank told her to seek out a broker. 34:26 - It’s more profitable for banks to lend unsecured credit than to refinance a borrower’s mortgage.