Altruism (al-tru-ism): is the belief and practice for the well-being of others.

This reflects Brent Richardson and the Altrua mortgage team’s approach to education first, transparent, low rate mortgage service and our community.

Brent Richardson

Principal Mortgage Broker, Certified Financial Planner (CFP®), President of Altrua Financial Inc. 

  • Considered a Canadian mortgage thought leader:  Get personalized answers to your questions, pre-approval information and quotes for exclusive low mortgage rates.
  • Over 16 years of industry experience with 1800+ mortgages personally approved: Get a fast 1 day approval, increase your approval limit, lower your payment and rate. Get better mortgage options and approval results.
  • 100% success rate: We have never had a pre approved mortgage application that we couldn’t close. Our clients are some of the happiest leaving over 150 5-star reviews.
  • Certified Financial Planner (CFP®) credential: A unique tool set to help you reduce interest costs, save on income tax and build wealth faster.
  • Average savings are $1,000+ per year, often $15,000+ over the life of a mortgage.
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*Intended for illustration purposes only.

Daily Coverage of the Canadian Mortgage Market

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BREAKING: Q1 Canadian GDP comes in at 1.7%, lower than the 2.2% expected by economists, and the 2.8% expected by the BoC

June rate cut expectations just got a boost...

Plenty of well kept 3-4 bdr homes coming on to market across Ontario for under $500,000

Maybe not within 1 hour of Toronto, but prices are definitely moderating

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Check out this listing

2278 DOUGALL, Windsor, Ontario   N8X1S8

www.realtor.ca

Government of Canada bond yields pressing higher for over a week now

If these levels maintain for a few days we could see fixed mortgage rates notch up next week

Major Bank update today for New Canadian mortgage program. The financial system is fighting hard to keep housing afloat:

- AM increase to 30yrs
- No 3 month min work requirement
- 1 year self employed minimum
- 100% income/debt service if 35% down+ proof 1 yr pmts saved
...-More

As we draw closer to the June 5 BoC meeting, financial markets continue to hover in coin flip territory, with a 45% chance of a June cut

Fixed mortgage rates are expected to hold steady this week ahead of GDP data out on Fri.

Many keep hoping for a 50% crash in real estate... Consider...

Home prices in some areas are already down 25%

Current $ is worth 15% less than 4 years ago

No growth over 4 years = another ~10% forgone

So we're approaching the 50% crash in Real $

...Only hope for truly balanced

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