Alexandre Soulodre - Mortgage Agent en Hypothèque

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Alexandre Soulodre - Mortgage Agent en Hypothèque

I work for you, not the lenders, to find the best solution for your particular lifestyle, situation, and goals. Download my free mobile app!
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I believe in the principles which underpin the concept of a the lifelong customer, providing the highest-quality service in all instances. It includes everything you need to estimate your homeownership costs. https://mccapp.ca/app/alexandre-soulodre

Ask me about connecting with dozens of other professionals in various fields. I'm a resource above all. An independent Member of the Mortgage Centre

Network. All views expressed here are solely those of the author and do not represent The Mortgage Centre Network
Mortgage Agent with The Mortgage Hub Licence No. 11951

08/11/2023

It's a no-brainer unless you're in an entirely unforeseeable situation. Get a pre-approval every time you're looking at getting a mortgage. Even if you don't end up getting the mortgage itself, get pre-approved.

For so many reasons relating to predictability: know how much you can afford, know where you can buy, hold rates, and more. They're easy, free, and they make closing on a mortgage a cinch.

✔️ Just Do It

As the experts sound the alarm on potential further mortgage rate increases in the coming months, many homebuyers are feeling the pressure to act quickly and secure their dream homes before the rates increase.

08/02/2023

Your home is where you live, not an investment. Given how much of an average homeowner's wealth is tied to their home, however, there are ways to leverage the equity to get ahead financially.

Sell the house... but where do you live? Renting is becoming less and less affordable.
Home Equity Line of Credits mean paying interest but can cover relatively small financial needs.
Reverse mortgages don't necessarily require monthly payments but are more expensive than a HELOC in the long run.

Financial advisers typically caution against relying on home equity to fund retirements, however without adequate savings to support their golden years, some retirees may find leveraging their home as the best option

08/01/2023

"As many housing markets have started stabilizing from last year’s price highs, now is a good time for prospective buyers to enter the market, especially as more rate hikes could be coming later this year".

After reaching the historic 40 million mark this year, Canada’s population is expected to continue surging, but how will that impact home prices? Explore the intricate relationship between Canada's soaring population growth and its potential effects on the housing market. Discover whether this rec...

07/31/2023

"strip out mortgage costs, and the other 95 per cent of the pricing pie is down to the bank’s target of two per cent. The central bank, hopefully, can see this."

Good signs that interest rates have reached, or at least approached, their peak.

Strip out mortgage costs and the other 95% of the pricing pie is down to the central bank’s inflation target, says David Rosenberg. Read on.

07/28/2023

Following yesterday's story about affordable housing being built in Hamilton, Waterloo's plan is a sound one. Their 10k affordable homes will be strictly for flipping, no investing or flipping, and both government charges and developer markups are to be waived.

Subsidized housing does not a city build, but pockets thereof can help give a leg up to those further on the fringe of affordability looking to enter the market.

The BUILD NOW: Waterloo Region project aims to build 10,000 new homes in seven years, which will be put on the market for half price.

07/27/2023

As long as the city can be a decent landlord and steward resources appropriately, let's get people housed!

The City of Hamilton plans to use about one-third of its 23 surplus properties for affordable housing initiatives, according to data obtained by inthehammer.com. The revenue from the sale of the vacant land and parking sites marked for affordable housing initiatives could go towards funding affordab...

07/25/2023

What a pleasant-sounding article: everything's moderating!*

*in the short term

A new report from the Canadian Federation of Independent Business (CFIB) is forecasting an economic rebound in the third quarter, along with a continued easing in inflation.

07/24/2023

While your food and shelter costs may have risen markedly more, at least the numbers economists look at are dropping which may (heavy emphasis on may) mean a respite in rate hikes.

Canada's inflation rate has fallen back to the country's target range for the first time in more than two years, but economists say the fight against high inflation is far from over.

07/20/2023

Quick and dirty budgeting:
☔️Ensure you have a rainy day fund
🤝Consolidate debt payments
🍎Account for core costs
THEN look at discretionary income to determine whether more drastic action needs taking.

Here’s how rainy-day savings, debt consolidation and cutting inessential expenses can help you keep your home.

07/19/2023

“We are heavily dependent on real estate,” [RATESDOTCA's Victor Tran] told BNNBloomberg.ca by phone. “It's an industry that has grown too big to fail and everyone has an interest in it.”

Experts said startlingly high mortgage interest increases may be one of the central bank’s goals as it responds to a surprising housing market rebound from earlier this year."

The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high consumer prices.

07/18/2023

A Scotiabank economist suggests the Bank of Canada's optimistic forecasts, announced with last week's rate hike, are a fiction intended to dampen both short and long-term markets.

When rates rise to these levels not seen in recent memory, investors can be fairly confident that they will fall again in relatively short order. 5-year bonds would therefore be attractive investment options. The BoC's forecasts are, according to the article below, a means to reduce both short-term housing investment and long-term bond investment.

The Bank of Canada is using its economic forecasts to try to prevent medium-term rates from falling too much and stoking more housing market speculation, according to a top economist.

07/17/2023

A Dutch minister introduced a proposal to ban certain people from purchasing properties listed under a certain value. Even if it had been proposed with the best of intentions, housing stratification was the inevitable consequence:
-Houses over the level in question would appreciate faster given the higher concentration of wealthy bidders;
-Houses under that same mark would fall in quality as it would shrink the pool of potential lower-income bidders.

In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that's particular...

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