James Lawrence - Mortgage Broker

James Lawrence - Mortgage Broker Your Canadian Mortgage Broker - MyMortgage.ca

“Overall, our results suggest that fiscal policy was badly mis-calibrated since the pandemic from an inflation managemen...
11/20/2023

“Overall, our results suggest that fiscal policy was badly mis-calibrated since the pandemic from an inflation management perspective.”

Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief.

Forecasts are only guesses, but have we headed into a correction cycle? If so, the real question will be how long will t...
10/19/2023

Forecasts are only guesses, but have we headed into a correction cycle? If so, the real question will be how long will this cycle last?

Home sales and prices were already weakening, but now further declines are likely as mortgage rates rise amid bond market rout. Read on.

It's been an interesting past few years in real estate. Without a doubt, the next few years will bring more changes. Won...
05/24/2023

It's been an interesting past few years in real estate. Without a doubt, the next few years will bring more changes. Wonder what the next real estate cycle will look like?

A few weeks ago, we revealed that sky-high Canadian real estate prices are supported by extended amortizations. It turns out someone else agrees—Canada’s bank regulator, the Office of the Superintendent of Financial Institutions (OSFI). In a letter to the House of Commons Standing Committee on F...

CREA Updates Resale Housing Market Forecast.
05/10/2023

CREA Updates Resale Housing Market Forecast.

Encouraging, empowering and enabling REALTORS® in support of Canadian real estate journeys.

Good idea?
09/29/2022

Good idea?

The towering three-storey tent is being used as a temporary measure to protect the interior of the home from the elements as it undergoes construction.

Why you likely won’t qualify for the ultralow mortgage rates advertised online.
08/25/2022

Why you likely won’t qualify for the ultralow mortgage rates advertised online.

If you don’t meet this set of basic criteria, expect to pay a hefty premium on the 3.44-per-cent mortgage rates you see online

Canada vs USA mortgage rates.
08/12/2022

Canada vs USA mortgage rates.

Sometimes you just don’t know how good or bad you have it. Take the mortgage business, for example.

Here are the most affordable places to buy a home now in Canada.
07/22/2022

Here are the most affordable places to buy a home now in Canada.

As home prices in and around Toronto continue to be completely unaffordable to the average person despite a slightly cooling market, it makes sense...

Beware of “Friendly” Calls From Your Bank
07/04/2022

Beware of “Friendly” Calls From Your Bank

For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey…

Is it time to panic? Hardly......
06/07/2022

Is it time to panic? Hardly......

You’ve probably seen the headlines: the Bank of Canada has raised their key interest rate. Yet again. And this hike isn’t any less forgiving than the last one. In another unprecedented move (anyone…

Another record breaking month. Will higher interests rates cool the market in the second half of 2022? Probably not........
04/04/2022

Another record breaking month. Will higher interests rates cool the market in the second half of 2022? Probably not........

Real estate sales have not slowed down in 2022, in fact they keep setting new records.

Interest rates are rising. Is it time to switch to a fixed rate mortgage?
03/07/2022

Interest rates are rising. Is it time to switch to a fixed rate mortgage?

For the first time since 2018, the Bank of Canada has hiked the overnight interest rate to curb inflation and cool the real-estate market. With increasing interest rates many variable mortgage holders are considering switching to a fixed rate mortgage.

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