Mo Molla (Khodadadi)'s blog

When I was a little boy, and growing up in a rural farming town, I often heard some of the locals say that they were going to " borrow from Peter to pay Paul". Some of the farmers around were even more vicious, and they were going to " rob Peter to pay Paul". I couldn't for the life of me figure out why anyone would name their child Peter - you were certainly ensuring they would be borrowed from or even worse - robbed their entire life.

As I got a little older though, I realized that it was only a metaphor, and the farmers in the area weren't going around terrorizing anyone named Peter and...

I have 2 favorite F words.....One I drop quite a bit, and the other is fraud. Fraud has been our industry's ( and Canada's ) largest problem for a long time. We have all sat around and groaned and moaned about it. We, at least the good brokers, have all asked regulators to step in and do something.

Well, today the Ontario mortgage regulator finally did something! As I am sure most of you are aware they have levelled some very serious accusations against Bill Handsaeme and Forest City Funding. While I am always one to believe in the ' innocent until proven guilty' mantra, I have also lost...

TORONTO, May 6, 2024 /CNW/ - Canadians can now save thousands of dollars in realtor commission fees thanks to Toronto startup, Keypr. The cutting-edge real estate technology company has officially launched and is on a mission to empower homeowners and reduce costs by refunding 80% of buy-side operating commissions.

The all-in-one real estate platform streamlines everything from property bidding to closing documents while saving buyers thousands in commissions.

How it Works

Keypr makes buying a new home easy. From booking showings to drafting an offer, buyers can manage the entire process...

he US employment report was just released, and hiring is slowing down in the US. The total new jobs created came in at 175,000, much lower than the expected number of 240,000. The unemployment rate held at 3.8%.

Coming off Jerome Powell's conference yesterday where he confirmed that the US Fed's next move WON'T be a raise in interest rates, we are seeing bonds pick up, and yields come down on both sides of the border.

Canada won't release April employment numbers until next Friday, but the US impacts are still helping government yields trickle down. The Canadian 5-year is around 3.75% and...

Things are heating up....and I don't mean the weather. Today was quite the day in interest rate circles. The US released their inflation numbers for March, and they were up a lot more than expected. Inflation stopped cooling down, and heated up in March, reversing a trend of easing price pressures. Instantly on the release of the report the US 10 year note yield was up over the all important 4.50%, and stock markets took a whooping.

The news didn't get much better for Canadians once the BOC held rates, and put a bit of cold water on a potential June rate cut....

The present housing supply crisis is very real and shows no signs of abating, according to recent reports. Surging immigration numbers and a rise in household formation will only add to the demand.

One of the biggest benefits of purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage.

What is a second mortgage?

by Corben Grant on 20 Sep 2022

by Heather McDowell on 07 Sep 2022

What is a Home Equity Loan?

Home Equity Line of Credit (HALOC) loans can help borrowers get loans by using the equity in their homes. Loans secured against the value of the home are generally made using a revolving line of credit, making them different from a classic mortgage.