Adam Bazuk

Mortgage Broker, family man, loves community, fan of the Edmonton Oilers, the Argos, cheers for the Bills and enjoys playing golf with friends.

[Dean Blundell🇨🇦 @ItsDeanBlundell]

I don’t think Canadians realize how huge this is.
@MarkJCarney on interprovincial free trade and the actualization of a cross country energy, mineral, travel/shipping and digital corridor announcement at the all hands Premiers meeting is revolutionary.

[Canadian Mortgage Trends @CdnMortgageNews]

NEW: PM Mark Carney pledges to eliminate the GST for first-time homebuyers on homes under $1M — a move that could save buyers up to $50,000 and boost housing supply.

Full story: https://t.co/8JSD3YsHBV

#cdnpoli #housingcrisis #realestate

[Adam Bazuk @AdamBazuk]

"November Jobless Rate Surges to 6.8% in Canada Despite Strong Jobs Growth" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/OOwqzbdYSs

[Steve Saretsky @SteveSaretsky]

To qualify for a home in Toronto and Vancouver you need to be earning over $230K, at which point the government thinks you’re rich and taxes you at over 50%. Completely broken system.

[Canadian Mortgage Trends @CdnMortgageNews]

Experts predict Canadian mortgage rates will rise after this week's bond yield rally. Meanwhile, variable rates are expected to keep falling as the @bankofcanada lowers rates.

-Insights from @ronmortgageguy, @BenRabidoux

https://t.co/kqZZlJ2pQK

#MortgageRates #BondYields #CMT

[Justin Trudeau @JustinTrudeau]

Canadians are getting a tax break. Starting December 14, we’re pausing GST and HST for two months to make groceries, kids clothes, and other essentials tax-free.

[Canadian Mortgage Professional Magazine @CMPmagazine]

CMHC chief economist Bob Dugan pointed to some cause for optimism in the October numbers, although he highlighted that much work remains to be done to make a significant dent in Canada’s housing supply crisis.

https://t.co/nsaCIHe1tZ

[Canadian Mortgage Professional Magazine @CMPmagazine]

Grant Armstrong of Community Trust predicts an early spring market in 2025, spurred by 30-year amortizations, insured mortgage cap increases, and stress test removals.

https://t.co/4XCOobEpUX

#CanadianHousing #MortgageTrends #Homeownership #RealEstate

[Adam Bazuk @AdamBazuk]

"Canadian Home Sales Surge in October Led by the GVA and GTA" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/IKOMf8a1l0

[Adam Bazuk @AdamBazuk]

"Jumbo Rate Cut by the Bank of Canada" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/tHVeIPgtJg

[Adam Bazuk @AdamBazuk]

"Stronger Than Expected Canadian Jobs Report for September" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/ZhOR1rOnro

[Adam Bazuk @AdamBazuk]

"Canadian inflation fell to 1.6% y/y in September" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/Jdz9pamJTc

[Adam Bazuk @AdamBazuk]

"Home sales have trended up since rate cuts began, but new listings have risen faster" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/6ZINhxapVW

[Brent Richardson @altruafinancial]

BREAKING: 🇨🇦 Federal Government announces CMHC insured Mortgage Refinancing of up to $2,000,000 is avaiable for construction of secondary units

The terms of this new program are:

Refinancing: Insured refinancing will be allowed for the purpose of building additional unit(s).

Legal units: The new units must be fully self-contained units (e.g., basement suites with separate entrances, laneway homes) and meet municipal zoning requirements.

Number of units: Maximum of four dwelling units including the existing unit.

Maximum Property Value Limit: The “as improved” value of the eligible residential property against which the loan is secured must be less than $2 million.

Maximum Loan-to-Value limit: Up to 90 per cent of the property value, including the value added by the secondary suite(s), in combination with any other outstanding loans secured by the property.

Maximum amortization: 30 years.

Additional financing must not exceed the project costs.

Borrowers must satisfy the following requirements:

- Already own their properties;
- The borrower or a close relative are occupying one of the current units;
- Intend to construct additional units; and,
- The additional unit(s) must not be used as a short-term rental.

[Canadian Mortgage Trends @CdnMortgageNews]

BREAKING: @OSFICanada is set to remove the stress test for uninsured mortgage switches, making it easier for homeowners to shop for better rates at renewal. #mortgages #OSFI #housingmarket https://t.co/73NbamknIP

[Canadian Mortgage Trends @CdnMortgageNews]

BREAKING: The Globe and Mail is reporting that @OSFICanada will remove the stress test for uninsured mortgages when homeowners switch lenders. A formal announcement is expected on Nov. 21. #mortgages #OSFI

[Adam Bazuk @AdamBazuk]

#laughs

[Adam Bazuk @AdamBazuk]

You still have a chance! This amazing home in Barrie that will create a lifetime of memories for you and your family just had a major price reduction. Check it out at https://t.co/xh1R1th5xe. Call me today, your family won’t regret it!! #forsale #yellowbrick #yellowbrickrealty #noseyneighbour #realestatehumour #barrie

[Adam Bazuk @AdamBazuk]

"Great News On the Canadian Inflation Front in August" from @DLCCanadaInc Chief Economist @DrSherryCooper: https://t.co/5hwOdvSqA2 #mortgagetips

[Adam Bazuk @AdamBazuk]

👀 The Nosey Neighbour is at it again! This time, she’s trying to sneak into the showing at 17 Wessenger Drive by pretending to be someone else—what will she do next? You won’t want to miss the hilarious attempt to catch a glimpse of this stunning property. Ready to see it for yourself? Visit https://t.co/nvvvZTFmpD for more details or contact Luke directly at 705-794-1224 or https://t.co/qvqUw4fNOD for your own private tour. 🏡 #NoseyNeighbour #RealEstateHumour #17WessengerDrive #YellowBrickRealty #OpenHouseAdventures #BarrieRealEstate