Ryan Mulder

Follower of Christ
Financial Associate, CSC™️, CPH™️
Retired pro hockey player
CU’18
📍 Hamilton

[John Pasalis @JohnPasalis]

I’ve long been a critic of Canada’s obsession with treating homes and condos as speculative investments.

Whenever I advocate for policies that prioritize Canadian households over investors, the response is always predictable: “Don’t interfere with the free market,” or “This is just a supply problem.”

But what we’re witnessing today is the hypocrisy of those same so-called free-market advocates.

Newly completed pre-construction condos are now worth 20% to 40% less than what investors paid for them four or five years ago. If we let the market operate naturally, thousands of investors would be defaulting on their purchases.

But rather than accept those consequences, the same voices that champion the free market are now calling for bailouts—from banks and from government—to rescue the very investors who helped inflate prices in the first place.

Banks are stepping in by offering “blanket appraisals,” as discussed in the Toronto Star article linked below.

Imagine an investor bought a pre-construction condo for $1 million. Today, when it’s time to close, the unit appraises at just $800,000. Even if the investor put down a $200,000 deposit, that equity has been wiped out by falling prices. To get a mortgage, the buyer would normally need to come up with another $160,000—20% of the new appraised value. But most people don’t have that kind of cash.

So instead, the banks pretend the unit is still worth what it was five years ago, approving a mortgage based on the original purchase price. In effect, they’re handing out $800,000 mortgages on condos worth exactly that—leaving buyers with zero equity and 100% loan-to-value debt.

Making matters worse, the federal government’s decision last year to raise the insured mortgage limit from $1 million to $1.5 million looks more and more like an attempt to prop up the new condo market. This policy shift allows banks to insure those mortgages—transferring the risk from financial institutions to taxpayers.

While investment properties technically don’t qualify for mortgage insurance, many pre-con investors claim they’ll live in their micro-condos to qualify for both the HST rebate and low, insured mortgage rates. Everyone knows it, and no one’s stopping it.

Young Canadians shut out of homeownership need to understand: we’ve built a political and economic system that treats housing as a speculative asset. And when that system starts to collapse under the weight of its own speculation, our institutions step in—not to protect future buyers, but to bail out those who helped drive the crisis.

This is a rigged system—one that protects those profiting from housing at the expense of the next generation trying to access it.

[Jon Trottier @jrtrottier]

Ridly Greig

[Ryan Mulder @Mulds31]

@_Neutral_Zone @AirCanada @marlin_muylaert haha Brendan this is an all-timer😂 Incapsulates Canadian travelling perfectly.

[Ryan Mulder @Mulds31]

No one made a larger impact on my faith journey than @timkellernyc and his teachings. May he rest in peace❤️

[Timothy Keller (1950-2023) @timkellernyc]

Timothy J. Keller, husband, father, grandfather, mentor, friend, pastor, and scholar died this morning at home. Dad waited until he was alone with Mom. She kissed him on the forehead and he breathed his last breath. We take comfort in some of his last words...

[Ottawa’s Pure Country 94 @PureCountry94]

The countdown is on!!!

Country Night - tonight at The Patch at the Aberdeen Pavilion featuring music from Five Roses and @karlijunemusic !!

Brought to you by PURE Country 94!!! 🥳✌🏼🎉

@karlijunemusic
@thepatchcanada @CurlingCanada

#ottawa
#WMCC2023

[Ottawa’s Pure Country 94 @PureCountry94]

Pure Country 94 is proud to present Country Night at the Aberdeen Pavilion at the Patch happening on April 6 featuring Five Roses and @karlijunemusic!

Enter for your chance to win a VIP table for yourself and 9 friends at the show!

https://t.co/TJdDhqllsn
@CurlingCanada

[Ryan Mulder @Mulds31]

@MikeMcKenna56 I’m sorry that you were forced to attend, that’s not right.

My issue is not with you having an opinion, it’s with strong generalizations of the character of anyone associated with HMI or Christianity in the hockey community.

[Ryan Mulder @Mulds31]

@MikeMcKenna56 So when you said that “these beliefs are being fostered” what did you mean? I assumed you were speaking from experience…

[Ryan Mulder @Mulds31]

@MikeMcKenna56 Mike, as a former pro goalie myself, and someone who has been a part of similar chapel services throughout the minor leagues, I’d love to know what your experience is with these chaplains?

[Karli June @karlijunemusic]

Ottawa! Let’s go!! 🇨🇦 Can’t wait to play after the Men’s World Curling Championships @CurlingCanada. It’s a free show so I can’t wait to see you there! More info here: https://t.co/o08wUKYYzn

[Ryan Mulder @Mulds31]

@CastletonSports alum coming to TO. @smitty1693 you got room for him?

[Toronto Argonauts @TorontoArgos]

We've signed DL Chris Rice 🌊

[Ryan Mulder @Mulds31]

So proud ❤️

[Karli June @karlijunemusic]

So so grateful to be in the second ballot for the @thecmaontario awards in these categories .. wow! 🥰 thank you so much to everyone who nominated me. My producer @karenkosowski is also up for Producer of the Year for “Where You Come From”. Congratulations to all the nominees! 🤎

[Sens Communications @Media_Sens]

Trade alert! The #Sens have acquired defenceman Jakob Chychrun from @ArizonaCoyotes in exchange for a conditional first-round draft pick in ’23, a conditional second-round selection in ’24 (previously acquired from @Capitals) and a second-round pick in ’26. 1/3

[Ryan Mulder @Mulds31]

@jracoach @bsw5020 @iamalsorg @ALSCanada If there is a man prepared to fight this battle it’s you. You’ve got the support of the whole hockey family behind you. Praying for you Randy.

[Castleton Spartans @CastletonSports]

The best of the best from the last 10 years of @CastletonMHky will be honored Jan. 21 at Spartan Arena!

Ryan Frost '15, Glenn Wiswell '21, Bart Moran '17, Ryan Delorme '14, Troy Taylor '20 and Ryan Mulder '18 comprise the 2013-23 All-Decade Team!

INFO: https://t.co/iAt6McNj19

[TheColorOfHockey @ColorOfHockey]

Mason Alderson has traveled from England to New England to seek success in U.S. college hockey @BlackGirlHockey @FatouSadio @TeamGBicehockey @KevinWeekes @DavidAmber @SiriusXMNHL @CastletonEdu @NHLNetwork #BlackTwitter https://t.co/Hf0IS2KQMZ

[Ryan Mulder @Mulds31]

@BulldogsOHL @gerrydee Let’s Go Bulldogs

[Ryan Mulder @Mulds31]

Couldn’t happen to a better guy @CarpyDeuces

#AGTG

[New York Rangers @NYRangers]

OFFICIAL: #NYR have agreed to terms with forward Ryan Carpenter on a one-year contract.

Details: https://t.co/f8JwaPaosB

[New York Rangers @NYRangers]

OFFICIAL: #NYR have agreed to terms with forward Ryan Carpenter on a one-year contract.

Details: https://t.co/f8JwaPaosB

[Karli June @karlijunemusic]

So honoured to be chosen as the "Breakout Artist" across the Acadia Broadcasting Country Stations. Thank you so much!🔥 @HotCountry1035 @country94chsj @country1053 @CJHKCountry Let me know if you guys hear the song out there!! Read more here: https://t.co/Qeij9j3xLd