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April is Financial Literacy Month

By: Brandon Woodward
Apr 16
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Brandon Woodward, Mortgage Broker | M14000075
Cathy Pimentel, Mortgage Agent | M17000069
Murshed Ali, Mortgage Agent | M18002603
Michel St. Pierre, Mortgage Agent | M19002450
Predrag Panic – Mortgage Agent | M21004328
Kyle Jevons – Mortgage Agent | M1500022
Jessica Leone Frasca – Mortgage Agent | M13002203
Snez Katic - Mortgage Agent | M22004664

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549 Stone Church Rd E #1, Hamilton, ON L8W 3K7
Phone: (289) 780 1173
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What is better for the economy—a balanced real e

What is better for the economy—a balanced real estate market with fewer sales or an overheated market with high sales and property values with risk of high inflation?

Balanced Real Estate Market:
🔹 Stability: A balanced market ensures steady growth without dramatic price spikes, creating a more predictable environment for both buyers and sellers.

🔹 Affordability: With controlled pricing, more people can afford to buy homes, promoting homeownership across a broader spectrum of the population.

🔹 Sustainable Growth: Steady growth prevents the economy from the boom-and-bust cycles that can be damaging in the long run.

🔹 Lower Inflation Risk: Controlled home prices contribute to lower inflation rates, ensuring overall economic stability.

Overheated Real Estate Market:
🔹 High Sales and Values: An overheated market often sees a surge in property sales and values, potentially leading to quick profits for sellers and increased equity for homeowners.

🔹 Economic Activity: High sales volumes can stimulate economic activity, creating jobs and boosting related industries like construction and home improvement.

🔹 Increased Wealth: Rising property values can increase the wealth of homeowners, leading to higher consumer spending and investment.

The Risks:
🔹 Affordability Crisis: Rapidly rising prices can push many potential buyers out of the market, exacerbating affordability issues and increasing the divide between homeowners and renters.

🔹 Economic Imbalance: An overheated market can lead to economic imbalances, where housing becomes disproportionately expensive compared to incomes.

🔹 High Inflation: Surging property values can contribute to overall inflation, increasing the cost of living and potentially leading to tighter monetary policies in the future.

🔹 Market Correction: An overheated market is often followed by a sharp correction, which can be painful for homeowners who bought at peak prices and lead to economic instability.

The key is finding a middle ground that fosters sustainable growth without risking the pitfalls of a market overheating.

#BankOfCanada #RealEstateMarket #HousingAffordability #MarketTrends #boldmortgagegroup

Opportunity in a down market? Here are a few stats

Opportunity in a down market? Here are a few stats to consider:

➡️ The number of mortgages taken out in Canada falls to the lowest number since the Bank of Canada began recording, with just under 100,000 mortgages issued in Q1 2024.

➡️ Just 10,200 insured mortgages were issued in all of Canada in Q1 2024, while Canadian home sales fell 0.6 per cent in May from April, and were down 5.9 per cent on an annual basis, according to the latest data from the Canadian Real Estate Association (CREA).

➡️ The price of an average home in Canada also slipped to $699,117 in May, CREA says, down four per cent on an annual basis. CREA’s Home Price Index.

If you qualify and can afford the payment, there is plenty of choice on the market right now.

🙋🏻‍♀️Melissa Carrington, Realtor
📍Collective Executive Offices

Interested in seeing what you qualify for?
📧info@boldmortgagegroup.com

#hamontmortgage #hamiltonmortgageservices #hamiltonmortgages #boldmortgagegroup #boldclients #hamontrealtor #hamonthomesforsale #financing #home #investment #property #newhome

🎉🇨🇦 Proud Sponsor of the 8th Annual Canad

🎉🇨🇦 Proud Sponsor of the 8th Annual Canada Day Event: Party in the Park! 🇨🇦🎉

Bold Mortgage Group is thrilled to once again sponsor the Knighton Real Estate Advisors' 8th Annual Canada Day Event: Party in the Park! 🎈🌳

We've been a proud sponsor since the very beginning, eight years ago, because we truly believe in the power of bringing a community together. Celebrating Canada Day with friends, family, and neighbours strengthens our bonds and creates lasting memories. 🍁❤️

At Bold Mortgage Group, we’re committed to fostering a sense of unity and togetherness. This event is more than just a celebration; it's an opportunity to connect, share, and enjoy the vibrant spirit of our community.

Join us for an incredible day filled with fun, festivities, and fantastic company. Let’s celebrate Canada Day together! 🎉🇨🇦

🎆 8th Annual KREA Canada Day Party in the Park
🗓️ Saturday June 29th, 3-10pm
📍Lake Pointe Park, Stoney Creek

#BoldMortgageGroup #CanadaDay #PartyInThePark #CommunitySpirit #ProudSponsor #KnightonRealEstateAdvisors #TogetherWeCelebrate #8YearsStrong #CommunityUnity #CelebrateTogether #hamont #canadadayevents

Please join us in wishing Cathy a very happy birth

Please join us in wishing Cathy a very happy birthday!

Bold is so grateful to have Cathy as a key member of our team.

She is beloved by her colleagues and clients, and has a track record of excellence in our industry.

Have an amazing day, Cathy 🥳🎂

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