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Housing And Mortgage Market Insights – Roundtable Discussion



Today Wednesday, October 28th, at 11:00 am EST. I will be joined by Senior Economists, Ted Tsiakopoulos and Real Estate Sales Representative, Janelle Cameron for a round table discussion of Housing and Market Insights. With Journalist Tracy Hanes, moderating we are sure to cover some great questions. 

If you have the time, I highly recommend registering above. 


Ted Tsiakopoulos – Senior Economist/Specialist Housing Markets Policy

Ted Tsiakopoulos is a professional economist and sought after speaker with over 25 years of experience analyzing housing and financial markets. Ted has also worked as an investment counsellor on Bay Street. His analytical toolkit includes experience with both fundamental and technical analysis. Over his professional career, his commentary and research has been widely quoted across major media outlets such as Money Magazine, BNN, CTV and CBC.

Ted has devoted significant personal time to financial literacy research and education serving as chair for a number of financial literacy committees and as a consultant to Junior Achievement of Canada.Ted is currently on the Board of Directors for the Toronto Association for Business and Economics, a member of the Canadian Association for Business and Economics and a member of the LAI Land Economics Association.

Janelle Cameron – Sales Representative Remax Hallmark

Jenelle has been helping clients buy and sell real estate across the GTA for more than 15 years – earning her place among the top-performing real estate sales representatives in the Toronto Real Estate Board. Her expertise spans all markets and categories including condominiums, freehold, commercial and investment properties.

Jenelle has been named one of the top realtors in the GTA for numerous years running. And she now coaches other realtors across North America to achieve success in their respective markets.

Steve Garganis – Mortgage Broker

Steve is a Mortgage Broker who specializes in providing expert mortgage advice. As an industry insider, Steve is committed to keeping you informed and up to date with the latest in Canada’s Mortgage News. With 15 years in senior management positions at Canada’s biggest banks and over 15 years as a Mortgage Broker, Steve brings a wealth of experience and knowledge in Mortgage expertise.

He’s also the founder and editor of  A news site dedicated to providing clear and concise info the Banks don’t want you to know. Steve has appeared on TV’s Global Morning News, CBC’s “Our Toronto” and The Real LIfe TV show to share his opinions on the mortgage industry. 


Tracy Hanes – Freelance Writer and Editor

Tracy is a Freelance Writer and Editor whose work has been published in The Globe and Mail, Epoch Times, The Hamilton Spectator,, St. Catharines Standard, The Mississauga News, Welland Tribune,, Cambridge Times and more. 

Tracy continues as one of the main writers for the Toronto Star’s real estate sections, as well as other Star sections; regular contributor to Ontario Home Builder and Sustainable Builder magazines.  

If you are interested in the State of the Housing Market now and in the future, Neighbourhood and Market Trends, the Impact of Covid-19 on Mortgage Rates,  the Qualification Process, and more, join us Today.

Is the COVID-19 emergency over? An economists perspective.

I recently participated in a conference call with Scotiabank’s Chief Economist & SVP, Jean-Francois Perrault and John Webster President & CEO Scotia Mortgage Corporation.   It was good to hear real financial experts make sense of what has happened and what will most likely happen.

Here are of some of the highlights:

Continue reading “Is the COVID-19 emergency over? An economists perspective.”

Navigate through these uncharted waters in 2020

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In 2009 and 2010, for the first time ever we saw mortgage rates under 2.00%.  That’s right, if you were in a variable rate mortgage, you had a rate under 2.00%. We were coming off the catastrophic US sub-prime mortgage crisis. The financial US scam that cost the world trillions of dollars in lost pensions and investments. Tens of thousands of people lost everything they had. It was horrible. While we, in Canada, were largely untouched. We weren’t smarter, we were just lucky not to be exposed to the subprime mortgages to the extent the rest of the world was. As they say, Canada is five years behind the US, and in this case, we got lucky.

That said, let’s get back to mortgage rates and fast forward to 2020.

Continue reading “Navigate through these uncharted waters in 2020”
More Rate Drop

More Rate Drops

More Rate Drop


Last week, we saw a 5 year fixed rate mortgage at under 2.00%.  That’s right… 1.99%. If you qualified, the rate applied to purchases where the mortgage is Canada Housing and Mortgage Corporation (CMHC) insured and paid for by the client.  But that rate didn’t last long and that offer is over. I know, things move fast.

But let’s get back to current rate offers.  We are in uncharted waters, again. 11 years ago, we were coming out of the US sub-prime mortgage crisis… does anyone remember that?  Back then, the stock markets crashed, just like this year, they recovered, just like this year, but interest rates remained low for many years.  In fact, they remained at or near 3.00% for the next 11 years.  

The message here is this…. there will be small moments in time when interest rates will be extra low…  this is one of those times. If you have a mortgage, get a review done! Find out if it makes sense to refinance or early renew or to break your current mortgage, pay a penalty and lock into today’s low rates. Speak with an UNBIASED PROFESSIONAL. Speak with an experienced mortgage broker.  You have nothing to lose and everything to gain.

Here are some examples of people that paid a penalty and still saved between $9k and $26k. 

Steve Garganis: 416-224-0114;

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

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