Jaz Grewal

Mortgage Specialist with @rbc. Real Estate & Equities Investor. tweets do not constitute financial advice

[Jaz Grewal @jazmortgage]

Looking for mortgage advice?

[Jaz Grewal @jazmortgage]

@elonmusk You should join!

[NVIDIA AI @NVIDIAAI]

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[Jaz Grewal @jazmortgage]

If Elon Musk turns your $1.20 investment into $8.50 (a 7x return for shareholders), he earns $1 in compensation for his efforts. If it's even a cent less—like $8.49—he gets $0, and you keep every bit of the gain. That's true pay-for-performance. $TSLA

[Jaz Grewal @jazmortgage]

@DanielVyner @grok ?

[Jaz Grewal @jazmortgage]

"Hey Optimus, step in and get this client's mortgage approved, will you?"
@jazmortgage x @Tesla_Optimus

[Jaz Grewal @jazmortgage]

Canada’s CPI ex-shelter at 1.23% year-over-year, below the Bank of Canada’s 1-3% target range, shelter costs (50% of CPI) are driving inflation down, with a peak in 2022 linked to rate hikes that increased mortgage and rental pressures.

[Jaz Grewal @jazmortgage]

BoC to leave rates unchanged on Wednesday ahead of key trade and labour market updates - RBC

[Jaz Grewal @jazmortgage]

Bank of Canada expected to cut rates, leading variable rates down to 3.50% range, as fixed rates increase to 4.09%-4.34% due to worries about inflation.

Recommendation: Lock-in fixed rate for stability or opt for variable rates to take advantage of possible short-term savings

[Jaz Grewal @jazmortgage]

@CGEyesYedOpen @RichardDias_CFA Leverage boosts returns by using borrowed money to control a bigger asset with less of your own cash. For ex, if you borrow at 5% interest to buy a house that grows in value by 6.77% yearly (unleveraged), your return on equity rises to 10.05%, after the interest cost

[Jaz Grewal @jazmortgage]

Investing in Real Estate - a clear winner over the past decade.
A 10-year returns for the Canadian House Price Index (HPI) with a 50% loan-to-value (LTV) leverage at an average 5% interest rate, alongside the S&P/TSX 60 and the S&P 500, for the 2015–2025 timeframe.

[Jaz Grewal @jazmortgage]

Elections spark strong emotions, but with Mark Carney as Canada’s PM and Donald Trump as U.S. President, it’s time to move on.

If you’re poor, elections won’t change that—shift your mindset or stay stuck.

And yes, money solves most problem.

[Jaz Grewal @jazmortgage]

Bank of Canada rate predictions: Most banks see a cut to 2.50% by June 2025, with Royal Bank eyeing 2.25%. By Q4 2025, rates could hit 2.00% (BMO, National), while Scotiabank holds steady at 2.75%. Long-term, Q4 2026 ranges from 2.00% to 2.50%.
#BoC #InterestRates

[Jaz Grewal @jazmortgage]

Q: When will GST be removed for first-time homebuyers on homes under $1M New Built?

A: PM Carney promised to eliminate GST for FTHB on homes ≤$1M, but no specific start date is confirmed.
Requiring pending legislative approval.

#Housing #Canada

[Jaz Grewal @jazmortgage]

@jazgrewal I am your main quest, however;

[Jaz Grewal @jazmortgage]

S:1 Ep: 2 Jump in mortgage delinquency rates in Canada, the upcoming federal election where both parties have promised GST savings for first-time homebuyers, the struggling Canadian economy and housing market, the impact of high household debt and the tariff war with the US.

[Jaz Grewal @jazmortgage]

Canada's banking regulator is considering scrapping the stress test for Homebuyers. final decision will be made after year-end, OSFI said.
Currently, Canada's mortgage stress test requires uninsured borrowers to qualify at an interest rate of 5.25% or their contract rate plus 2%

[Jaz Grewal @jazmortgage]

Weekly Wrap-Up: No GST for First-Time Homebuyers in Canada, BC Housing Updates, and Bank of Canada Interest Rate Changes.

[Jaz Grewal @jazmortgage]

"one thing is for sure - the future is going to be very interesting." @elonmusk $TSLA

[Jaz Grewal @jazmortgage]

@danielfoch are you implying Trump Admin installed Carney?