Warren Thody - Mortgage Agent

Warren Thody - Mortgage Agent Welcome to my business page! Check back regularly to learn more about the local mortgage market, and how I can help you secure the best rate and terms.

It is disheartening to learn that employees of Canada's big five banks have been tricking customers into signing up for ...
03/15/2017

It is disheartening to learn that employees of Canada's big five banks have been tricking customers into signing up for services they didn't need or want, in order to increase their own profits or hit sales targets.

Employees from all five of Canada’s big banks have flooded Go Public with stories of incredible pressure to meet sales targets — at any cost.

Wow...look at this comparison between January 2016 and January 2017 in our local market.
02/08/2017

Wow...look at this comparison between January 2016 and January 2017 in our local market.

January 2016 vs. January 2017

“What’s your best rate?”Before the recent wave of government interventions this used to be a fairly straightforward ques...
02/03/2017

“What’s your best rate?”

Before the recent wave of government interventions this used to be a fairly straightforward question…it’s a very different story these days. Take a peek at this list of 20 questions that now must be considered in order to find your best rate. If you find yourself overwhelmed, message me or give me a call. I can help.

They include where do you live, can you pass the government’s stress test and what is your credit score?

While this particular article deals with supply issues in Toronto, here in London I am constantly hearing from Realtors ...
02/01/2017

While this particular article deals with supply issues in Toronto, here in London I am constantly hearing from Realtors and buyers alike that there is "nothing out there". Perhaps government regulations that attack housing affordability from the demand side of the equation are misguided and we would all be better served by instead easing the constraints on supply.

The average price for a new detached home in this city climbed $273,000 in 2016 to $1,264,604 as supply hit a record low

Despite a statistically insignificant default rate, CMHC has somehow rationalized raising their premiums. Arrears sit at...
01/17/2017

Despite a statistically insignificant default rate, CMHC has somehow rationalized raising their premiums. Arrears sit at 0.28% for Banks and 0.11% for Mortgage Finance Companies (often used by Mortgage Brokers). Keeping in mind that many defaults do not even result in a financial loss to CMHC, this appears to be little more than another cash grab by our government.

Move will add an average of $5 a month to mortgages for new borrowers; measure takes effect March 17

The Canadian federal government has recently made changes to mortgage rules that could mean increased costs, decreased h...
11/16/2016

The Canadian federal government has recently made changes to mortgage rules that could mean increased costs, decreased housing activity, as well as less competition and choice in the housing market. CLICK LINK below to have your say on the issue. Your voice matters, and will make all the difference.

Push Politics

Will other lenders follow suit or did TD misread the market?
11/02/2016

Will other lenders follow suit or did TD misread the market?

Toronto Dominion Bank has become the first major lender to hike its mortgage rates after Ottawa's move last month to change some of the rules that govern insured mortgages.

Currently looking to purchase a home? Strict new mortgage rules are coming October 17. For many buyers this means the am...
10/04/2016

Currently looking to purchase a home? Strict new mortgage rules are coming October 17. For many buyers this means the amount they qualify for will drop close to 24%. Those looking to refinance or consolidate debt will also be affected by these changes.

Anyone considering making a mortgage move should reach out soon. Contact me directly to find out more.

519-701-2904
[email protected]

Finance Minister Bill Morneau announced four reforms to address the increase in bigger mortgages amid low interest rates

This is cool...do you want to know your credit score...for free...and in about 2 minutes? All without counting as a "hit...
06/22/2016

This is cool...do you want to know your credit score...for free...and in about 2 minutes? All without counting as a "hit" or hurting your score. Check out this free service.

Borrowell is Canada's online lending marketplace. We offer fast, fair and friendly personal loans from 5.6% APR.

Ontario and BC economies poised to do comparatively well over the next couple years.
06/13/2016

Ontario and BC economies poised to do comparatively well over the next couple years.

The Conference Board of Canada report forecasts real GDP growth in Ontario to reach 2.8 per cent this year and 2.6 per cent in 2017, while B.C. is expected to register 3 per cent both years.

Did your home increase in value by $64,262 over the last 12 months? If you live in Toronto it probably did.
06/03/2016

Did your home increase in value by $64,262 over the last 12 months? If you live in Toronto it probably did.

Real estate board’s latest monthly statistics say Toronto home prices increased by an average of $64,262 from the same month last year.

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400 B Central Avenue
London, ON
N6B2E2

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