Casb Management Group Inc., Private Lender, Mortgage Broker

10/21/2025

Who said the 1% rent rule was dead in London? You won’t find it here but you will get close. This 3-bed, one-bath semi-detached home is spacious and practical, affordable and conveniently located close to Fanshawe College and public transportation. The side entrance grants direct access to the basement living room which provides the potential to build out a full in-law suite or additional bedroom/apartment. At worst an easy remodel adds two bedrooms to the basement. The roof was re-shingled within the last seven years, hot water heater is owned (2008), furnace (2021), sump pump (2022) and brand new air conditioner (2025). A VTB in second position for renovation costs would be considered.

02/25/2025

The TRUMP impact on the Canadian Housing Market
Regardless of your political views, I think we can all agree that the election of Donald Trump is going to bring “uncertainty” to the Canadian real estate market, both from a global perspective and with possible trade tariffs. The world as we know it is going to change.
As an aside, this should bring some focus inwards on what more Canada can do in terms of self-sufficiency, new trade partners, more defense spending, etc., and fix what is broken in a country rich with raw materials, fresh water, farmland, a skilled labour force, and should be the envy of other nations due to our ability to be self-sufficient. The fact that during covid, we had an inability to produce a homemade vaccine should have been an eye opener as to the type of infrastructure that needs to be built moving forward. I don’t understand, for example, why we export oil and then import the refined by-products that could be manufactured in this country. Enough of my rant.
In terms of possible trade tariffs, the impact would have multiple repercussions. We could expect less exports, which may negatively affect the job market and erode buyer confidence in purchasing a home. The cost of imported construction materials could rise, increasing the cost of housing or decreasing the willingness to entertain new construction and overall affect housing affordability. An economic slow down may facilitate a drop in interest rates which may improve the affordability for buyers or those with a mortgage renewing in 2025, however this could be offset by higher inflation which may facilitate higher interest rates as a means of controlling inflation.
How this impacts our local London, Ontario market remains to be seen. Home sales are expected to pick up in 2025 with the expectation of lower interest rates, but there is also an abundance of homes on the market, so there are options for those looking to purchase.
In these uncertain times, obtaining unbiased real estate/mortgage advice is critical. We are here to help you and welcome your comments.

02/23/2025

Changing Mortgage Rules
The last several months have seen a change in Canadian mortgage rules to stimulate a stagnant housing market. We have summarized below:
1. The threshold for mortgage insurance has risen to a $1.5 million purchase price. 5% down on the first $500,000 and 10% down on the remainder.
2. First time home owners are eligible for a 30 year amortization, up from the current 25 years for an insured mortgage
3. A Secondary Suite Loan Program with an $80,000 limit and 2% interest rate over 15 years. Details on implementation are still to come.
4. Homeowners renewing their mortgage on a straight switch can change lenders and be exempt from the two percent “stress test” rule.
5. Homeowners can access 90% of their home’s value on a refinance, if the funds are used to build a Secondary Suite.
Navigating the current mortgage market is a complex endeavor. We are here to help, clarify as required and welcome your comments.

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12/06/2023

https://casbmanagementgroup.com/2023-was-a-bad-year-for-mortgage-renewals-2024-and-2025-will-be-worst/

2023 was a bad year for mortgage renewals. 2024 and 2025 will be worst. If you experienced a mortgage renewal from a 5-year fixed rate mortgage in 2023 you would have experienced about a 20% monthly increase in payments. This may have resulted in some pain; a tightening of the belt, an increase in c...

07/13/2023

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05/13/2023

Savvy real estate investors know that in order to grow their portfolio they need to leverage their own financial resources to expand and get a better ROI. Check out our blog: Private Lending: The Case of the Savvy Real Estate Investor to learn why you might want to consider choosing a private mortgage lender, rather than a traditional lender, such as a bank ==>> https://buff.ly/3VY9DRm

05/11/2023

Did you know that on average Canadian households spend 45% of monthly income on rent? Owning a home remains out of reach for many Canadians, due to recent increases in mortgage rates and home prices over the past 8 years. For instance, according to National Bank, the Housing Affordability Index was at its lowest point since 1990 in late 2020, due to Canadians spending more of their income on mortgages, property taxes, and utilities just to keep a roof over their heads.

To learn more, visit: https://buff.ly/42JIxjb or call us today at 519-649-2502 to talk to a common-sense mortgage broker who will help get you into a home faster without breaking the bank!

04/28/2023

Real estate investing, if done properly can be a very lucrative and exciting way to build your wealth. However, it also takes a lot of knowledge and patience. To learn more about the basics of real estate investing, visit: https://buff.ly/41JhqEI

04/27/2023

Why Choose Casb Management Group as your next mortgage broker in London, Ontario? Here's three key reasons why you will have a difficult time finding a better mortgage broker in London, Ontario.

1. Bruce Smith and his team of mortgage experts have over 20 years experience providing innovative common-sense mortgage financing solutions to clients in London, Ontario, and the area surrounding the Forest City.
2. We are an award-winning local mortgage brokerage. For instance, most recently we won the Centum Certificate of Excellence in 2021. We have also received many 5-star reviews on Google for our high-quality customer service.
3. We offer some of the lowest mortgage rates in Canada! For instance, we are currently offering a 5-year mortgage rate of 4.54%.

Visit our website today at: https://buff.ly/3xLQve4 to learn more about us or set up a free mortgage consultation!

04/21/2023

Contrary to popular opinion there’s a lot more to mortgages than just finding the lowest mortgage rate on the market and signing the dotted line. In fact, there’s quite a bit involved in determining what the best mortgage financing solution is for each particular client, such as, affordability, credit, down payment, amortization, age, investment goals and more! To learn more, visit: or call us today at 519-649-2502.

Let’s consider your income, credit, down payment, liabilities, pre-payment options, pre-payment penalties, mortgage restrictions, portability, assumption options, amortization, age, location, rents, and more.