Matt Bolzicco Real Estate

Matt Bolzicco Real Estate Matt specializes in representing corporate clients seeking industrial leasing & site selection.

Married the love of my life 2 weeks ago on August 5, 2023 🥂🥰
08/20/2023

Married the love of my life 2 weeks ago on August 5, 2023 🥂🥰

5 year canadian bond yeild has smashed through its Oct 2022 high. Mortgages will rise further.
07/06/2023

5 year canadian bond yeild has smashed through its Oct 2022 high. Mortgages will rise further.

Debt to income ratio of 35-44 year old Canadians hits fresh all-time high at 275.8%Source: Stats Can.
07/04/2023

Debt to income ratio of 35-44 year old Canadians hits fresh all-time high at 275.8%

Source: Stats Can.

Over the past year, fewer than 200,000 housing units were completed. There were 3.6 new residents for every home added, ...
07/04/2023

Over the past year, fewer than 200,000 housing units were completed. There were 3.6 new residents for every home added, the highest ratio since 1991.

There is a fundamental mismatch between home supply and demand – and the population boom is contributing to the divide.

Inflation In Canada Drops Like A Rock To 3.4% What Will The Bank Of Canada Do With Interest Rates? Tiff Macklem the BoC ...
06/27/2023

Inflation In Canada Drops Like A Rock To 3.4% What Will The Bank Of Canada Do With Interest Rates?

Tiff Macklem the BoC Governor almost promised another 25 bps increase last week stating he will stop at 5%

Now with a major drop what will he do?

Canada's inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada says, led by sharply lower gasoline prices.

The stress test is now at 7.5%. I just did some calcs: A Canadian earning 100k per year, with NO DEBT can now only quali...
12/15/2022

The stress test is now at 7.5%.

I just did some calcs:

A Canadian earning 100k per year, with NO DEBT can now only qualify for a mortgage of $320,000

30-yr US treasury pays 22% more than the 30-yr CDN bond. This will put the CAD under pressure as Canadians will likely c...
11/03/2022

30-yr US treasury pays 22% more than the 30-yr CDN bond.

This will put the CAD under pressure as Canadians will likely convert to USD for the higher yields.

Lower CAD = higher inflation, as we import 30% of goods/services. Not good.

CBC goes undercover to investigate how some real estate agents, mortgage brokers and bank employees are perpetrating mor...
10/12/2022

CBC goes undercover to investigate how some real estate agents, mortgage brokers and bank employees are perpetrating mortgage fraud for a fee, and securing their own commissions by submitting fake documents for approval.

“We went undercover to investigate how some real estate agents, mortgage brokers and bank employees are perpetrating mortgage fraud for a fee, and securing their own commissions by submitting fake documents for approval. Watch our episode Friday at 8 pm on -TV and .”

Young people are very bright, highly educated, resilient & have a lot of options. They are leaving cities that don't mak...
09/27/2022

Young people are very bright, highly educated, resilient & have a lot of options. They are leaving cities that don't make space for them! They will go to cities that desire them, value them, are child friendly cities.

The mortgage on a representative home in Canada now takes 64% of income to serviceIn the GTA it's 98.2% for non-condo (a...
09/24/2022

The mortgage on a representative home in Canada now takes 64% of income to service

In the GTA it's 98.2% for non-condo (and $265,664 income). 53.3% for condo (and $168,159 income)

https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/housing-affordability.pdf

RBC has increased 5-yrs fixed to above 5.5%All 5-yrs fixed, 5-yrs variable & 3-yrs fixed Mortgage rates are above 5% at ...
09/15/2022

RBC has increased 5-yrs fixed to above 5.5%

All 5-yrs fixed, 5-yrs variable & 3-yrs fixed Mortgage rates are above 5% at all 5 big banks

Family income * ~4 times mortgage is new reality for all new people looking for mortgage these days.

Address

668 Millway Avenue
Concord, ON
L4K3V2

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