Need a Mentor?

Posted on February 28, 2025May 27, 2025 by Andy MacDonald

Are you a newer Mortgage Broker or Mortgage Agent in Ontario? Do you need help with a complex file? It’s a tough market out there and borrowers need a lot more than a pulse to get approved these days. If you’re struggling to find a solution to help your client, please give me a call. With over 35 years of experience dealing in mortgages there isn't much I haven’t seen. Sometimes all you need is a different perspective to get a deal done. Let’s work together to find a solution for...

Hire An Expert Witness Early!

Posted on January 29, 2025May 27, 2025 by Andy MacDonald

I was recently contacted by a Plaintiff and their legal team to prepare an expert report on their case involving a mortgagor and a mortgage broker. The original Statement of Claim was filed in 2019, and they were scheduled to head to mediation within a month. (It only took them five plus years to seek an expert opinion.) After reviewing the documentation supplied to me, I could find no negligence nor damages. In reviewing my report with the legal team, I asked them to convince me otherwise. ...

Mortgage Renewal Options in 2025

Posted on November 12, 2024May 27, 2025 by Andy MacDonald

In Canada, approximately $352 billion in mortgages are projected to mature in 2025. Many of these will renew at significantly higher rates, which may cause a substantial increase in monthly payments for Canadian homeowners. If you’re among those renewing, now is the time to take action to minimize payment increases, balance your budget, and find a solution that fits your needs. Here’s how to get started: Start Planning Early Contact your lender 6–12 months before your mortgage term en...