Our thoughts about the recent Bank of Canada announcement, what it means for mortgage rates and some predictions about the 2023 real estate market. With insights from David Goncalves, Hugo Dos Reis and Paul Clara in this very unfiltered and raw edition.

(Recorded Feb 1, 2023)

Johnson Andrews chats with Hugo Dos Reis about his road to becoming a $1 billion mortgage agent and the blueprint to becoming a successful mortgage agent in Canada. He touches on the key factors that have led to his success and the building blocks he is putting in place to reach his goal of $1 billion in mortgage volume.

Exclusive chat with Lauren van den Berg, President and CEO of Mortgage Professionals Canada (MPC), to cover mortgage industry trends, the future of mortgage brokering and more.

“Whether you’re a first-time homebuyer or you’re moving up the ladder, mortgage brokers and lender partners are all sort of behind the scenes. We make sure everything happens, but we’re not necessarily always that first point of contact, that frontline connection that you might get with a realtor, for example, physically taking you through a home. Part of what I want to do with my mandate here in my role as CEO and President is to really start taking up more space and bragging about what we do and making sure that when you decide to embark on a home-buying journey, a mortgage broker is absolutely first on your list before you even speak to a realtor; and that’s because we know the local markets, we have that insight, that perspective and it’s not a transactional relationship. We want to be here over the course of your mortgage life cycle.”

Hugo Dos Reis joins Haris Zulqarnain of Treadstone Law on the Hustle & Grit podcast to discuss mortgage advice in today’s economy.

Our thoughts and insight to make the most of a slower market and what our team is doing to remain successful.

Vine Group’s Hugo Dos Reis and Johnson Andrews discuss why this may be the best time to buy a home despite the record rate increases.

Following the latest CPI data release, Donal Ward McCarthy and Hugo Dos Reis talk about the current real estate market in the Greater Toronto Area. The inflation rate is currently sitting at 7.6%. What does this mean for the mortgage interest rates and the real estate market?

Vine Group’s Hugo Dos Reis sits down with Suzy Fernandes-Arruda,
Business Development Manager at HomeEquity Bank, to chat about Reverse Mortgages. In this episode, they cover the misconceptions about Reverse Mortgages and the opportunities available for Canadians.

The Bank of Canada (BOC) increased their overnight rate by 1.00%, bringing it to 2.50% on July 13th, taking the Prime rate for most lenders to 4.70%. This is the fourth increase in 2022. The increase was higher than expected as most economists had forecasted an increase of 0.75%, making this one of the highest increases since 1998.

David Goncalves and Hugo Dos Reis weigh in on the current rate environment, their expectations for the near future and what they have been suggesting to their clients.

Vine Group’s Kim Nguyen and Hugo Dos Reis talk about the 2022 trends in the Alberta Real Estate Market. (Calgary, Alberta)