Mrs. Bhogal has to keep a neutral tone regarding mortgages because it’s her business. The reality is the 1:3 model. 1/3 Canadians are mortgage free, 1/3 Canadians have a mortgage(mostly big mortgages), 1/3 are renters. There is already enough housing in Canada for more than 50M people. The issue is many Canadians have more than 1 home including politicians(lol) and those people have made housing a money making sector in Canada, where it’s now the largest sector in the economy. Look at how many jobs depend on RE. Any country that uses housing as a sector can never have a growing economy. This needs to crash.
Shameel ji is the best host. In canada we should be proud of shameel ji who is bringing the truth infront of the consumer. I wish shameel ji a lot of success and also the mortgage host she is very profesional. People who are doing fraud have made canadian economy a mess. Thanks to our leaders and financial regulators who let this happen . Mortgage fraud will be history and people will be able to afford homes once this is stopped.
We had this issue because they let ppl take mortgages without their stake and risk. Mortgage is just like any other interest which doesn’t require your CRA income proof. Only your stake and ability to service the debt. The bigger your down payment more is your risk and this will control multiple properties holdings by single party.
The mortgage verification should be implemented asap. Especially our community will suffer the biggest losses due to the amount of investment properties they have bought. But, It will be two fold benefit. One the home prices would come down and secondly the rooming houses created by our community will decrease.
This rule should be implemented. All those punjabi slumlords from Brampton and Surrey will be out of houses that they cannot afford. Due to these scammers, the housing market has become unaffordable.
@@JohnSmith-ek5he there is better way to handle that. This system will benefit only some section of the society not everyone. It pushes for modern slavery.
@@JohnSmith-ek5he that issue can be tackled with staggered approach more risk more interest rates thus pushing the speculators and slumlords out of this business. Ppl took these loans at 2 pct if the loans were high they wouldn’t have gone for accumulating too many properties holdings
country couldnt be run on real estate and immigration, country need productivity, forign investments, exports, future oriented investments, but unfortunatley canada has nothing one of these
I don’t support mortgage fraud.Ehh broker ta iss tara keh rahi jive app sarian straight mortgage hi kitian.. Straight mortgage ta bank to ho jandi aa. Fir isnu kisne puchna c.. Apni advertisement lai sare dudh dhote ban jande ..Mortgage Broker vi and LMIA wale consultant vi
It is said that 80% of Canada’s land mass region is covered by rocky terrain and tundra, with frozen ground (permafrost) and soil that is not suitable for farming.
Haale Vi realtors Hatt nahi rahe ,Apna ghar chalaun layi ,baar baar phone karde ,this is best time ! Bullshit No time is good or bad ,only affordability is key factor
Linking mortgage will be the biggest fraud. Think about it. If you bought home for 1 million as CrA document show you can afford. So when times come for renewal and you lost your jobs around that period and have lesser income than you cannot qualify again or move to another lender although now you may have more equity in the home an may have some savings to handle the payments.
Thats the issue for you guys who bought multiple houses, be ready to crash the market till end of next year, immigration down, rents dowm, mortgage deliquencies up, no LMIAs from spring 2025, no jobs. Be ready to sell your houses
@ you made a wrong assumption. This situation can happen to a person with single home. Anyone can get screwed. It’s a timing issue. Esp when people have to renew again and again. It will be okay if they offer 30 yr mortgage so that ppl don’t have to worry every 4-5 yrs.
no linkage related to cRA is required. only thing required is staggered interest rates with the combination of down payment. Like first $500 k @2.5 pct second 500k @3.5 pct next $500k at 4.5 pct and next $500k at 5.5 pct this will give everyone access to the mortgage. And no need to for awarding one set of ppl. It will become product centric instead of income centric. Esp when incomes not guaranteed for longer periods as the market trends change significantly and rapidly
Linkage means you are being trapped by the govt. delinquencies are happening not entirely due to mortgage fraud it is happening due to wrong policies of govt. ppl can’t pay if mortgage becomes 3 times of the contract rates it cannot save any. If your mortgage is 40 pct of your gross income. And now you multiply that by 3 it means your mortgage exceeds your gross income which is way higher than your net income. So in reality mortgage and CRA linkage has nothing to do with it. Things break when you are enticed to take too much of mortgage at very cheap rate beyond the risk limits.
Canada needs one million new people to keep the Canadian economy alive otherwise everything here will be ruined. mortgage is business with risk and profit loss and there is nothing fraudulent about it.. North America is capitalist economics please do not mislead innocent people. Go to school
Mrs. Bhogal has to keep a neutral tone regarding mortgages because it’s her business. The reality is the 1:3 model. 1/3 Canadians are mortgage free, 1/3 Canadians have a mortgage(mostly big mortgages), 1/3 are renters. There is already enough housing in Canada for more than 50M people. The issue is many Canadians have more than 1 home including politicians(lol) and those people have made housing a money making sector in Canada, where it’s now the largest sector in the economy. Look at how many jobs depend on RE. Any country that uses housing as a sector can never have a growing economy. This needs to crash.
Shameel ji is the best host. In canada we should be proud of shameel ji who is bringing the truth infront of the consumer. I wish shameel ji a lot of success and also the mortgage host she is very profesional. People who are doing fraud have made canadian economy a mess. Thanks to our leaders and financial regulators who let this happen . Mortgage fraud will be history and people will be able to afford homes once this is stopped.
Mortgage should always have been linked with tax filing. Allowable maximum limit = (Last two or three years di average taxable income) x 2.5
Mortgage has nothing to do with tax . It should be tied to risk, ownership and credit history
If interest is not tax deductible so no need for it to be related to tax.
We had this issue because they let ppl take mortgages without their stake and risk. Mortgage is just like any other interest which doesn’t require your CRA income proof. Only your stake and ability to service the debt. The bigger your down payment more is your risk and this will control multiple properties holdings by single party.
what a shame that all the discussion in this country revolves around a stupid topic of housing than innovation
Canada is a kind of storage unit of US, what sort of innovation you are expecting from a warehouse?
You are right brother
😂
Lokan ne 15-15 ghar laye hoye a nakli mortgage te
ਫੇਕ ਮੌਰਟਗੇਜ ਘੰਟਿਆਂ ਵਿੱਚ ਹੁੰਦੀ ਹੈ,ਸਹੀ ਮੌਰਟਗੇਜ ਨੂੰ ਮਹੀਨੇ ਲੱਗ ਜਾਂਦੇ ਹਨ । ਕੰਮ ਸਾਡੇ ਪੰਜਾਬ ਵਾਲਾ ਹੋਇਆ ਪਿਆ ਹੈ।
ਪੰਜਾਬੀਆਂ ਨੇ ਹੀ ਕੀਤਾ ਪੰਜਾਬ ਵਾਲ਼ਾ ਹਾਲ ਕੈਨੇਡਾ ਦਾ
Linking cra to mortgage application is the first and mandatory thing to do.
The mortgage verification should be implemented asap. Especially our community will suffer the biggest losses due to the amount of investment properties they have bought. But, It will be two fold benefit. One the home prices would come down and secondly the rooming houses created by our community will decrease.
This rule should be implemented. All those punjabi slumlords from Brampton and Surrey will be out of houses that they cannot afford.
Due to these scammers, the housing market has become unaffordable.
@@JohnSmith-ek5he there is better way to handle that. This system will benefit only some section of the society not everyone. It pushes for modern slavery.
@@JohnSmith-ek5he that issue can be tackled with staggered approach more risk more interest rates thus pushing the speculators and slumlords out of this business. Ppl took these loans at 2 pct if the loans were high they wouldn’t have gone for accumulating too many properties holdings
country couldnt be run on real estate and immigration, country need productivity, forign investments, exports, future oriented investments, but unfortunatley canada has nothing one of these
Poor lady can't even show her real disappointment with income verification 😂
I don’t support mortgage fraud.Ehh broker ta iss tara keh rahi jive app sarian straight mortgage hi kitian.. Straight mortgage ta bank to ho jandi aa. Fir isnu kisne puchna c.. Apni advertisement lai sare dudh dhote ban jande ..Mortgage Broker vi and LMIA wale consultant vi
It is said that 80% of Canada’s land mass region is covered by rocky terrain and tundra, with frozen ground (permafrost) and soil that is not suitable for farming.
ਫੋਰਡ ਦੇ ਨਾਲ ਹੀ ਘਰਾਂ ਦੀਆਂ ਕੀਮਤਾਂ ਵਧੀਆ ਸਨ।ਰਿਅਲਸਟੇਟ ਵਾਲਿਆਂ ਨੇ ਕਨੇਡਾ ਦੀ ਹਾਉਸੀਗ ਦੀ ਡੰਡ ਲਾਹ ਛਡੀ।
If that happens then brokers ( most ) will stop operating . If you have genuine income then go to bank
housing market in canada needs full change
ehda show kar rahi k jida loki mangte banke iss ton morgage karvaunde aa..sab krde businesses ki nahi karde tax de vich..sab karde ..har kam ch..
Haale Vi realtors Hatt nahi rahe ,Apna ghar chalaun layi ,baar baar phone karde ,this is best time ! Bullshit No time is good or bad ,only affordability is key factor
You tube te aake saache sucche ban jande ne. Real estate te mortgage waliaa de adda ve ehe hi dinde ne dollar laike
Good.truckers don't pay taxes
Fraud everywhere, top on Ontario
SURREY & BRAMPTON
Sab ton jyada ehde vargiya hee kehndiya aajo aasi kara dine aa
Is this the same as in bharat. What is the difference between Canada and bharat
You as a host tells the truth and does your guest.
Khuch ni hona sirf hawabaazi hai i am listening from 20 years
She doesn’t impress with her answers and have very shallow knowledge on this subject.
Badlana eh va k koi ghar ni lea sakuga , vadia companies ee kheridan gia😢
Banks need 3 month job who can make 3 months fake stubs also pay their taxes for 3 months not gonna work 😂 kuch ni hona desi ustad aa eh kamman ch 🤣
India is much better country .cover of foreign life removed by people who did heavy migrations to dying countries. But know india is also in trouble.
Her accent
Linking mortgage will be the biggest fraud. Think about it. If you bought home for 1 million as CrA document show you can afford. So when times come for renewal and you lost your jobs around that period and have lesser income than you cannot qualify again or move to another lender although now you may have more equity in the home an may have some savings to handle the payments.
Thats the issue for you guys who bought multiple houses, be ready to crash the market till end of next year, immigration down, rents dowm, mortgage deliquencies up, no LMIAs from spring 2025, no jobs. Be ready to sell your houses
@ you made a wrong assumption. This situation can happen to a person with single home. Anyone can get screwed. It’s a timing issue. Esp when people have to renew again and again. It will be okay if they offer 30 yr mortgage so that ppl don’t have to worry every 4-5 yrs.
no linkage related to cRA is required. only thing required is staggered interest rates with the combination of down payment. Like first $500 k @2.5 pct second 500k @3.5 pct next $500k at 4.5 pct and next $500k at 5.5 pct this will give everyone access to the mortgage. And no need to for awarding one set of ppl. It will become product centric instead of income centric. Esp when incomes not guaranteed for longer periods as the market trends change significantly and rapidly
Linkeage is must
Linkage means you are being trapped by the govt. delinquencies are happening not entirely due to mortgage fraud it is happening due to wrong policies of govt. ppl can’t pay if mortgage becomes 3 times of the contract rates it cannot save any. If your mortgage is 40 pct of your gross income. And now you multiply that by 3 it means your mortgage exceeds your gross income which is way higher than your net income. So in reality mortgage and CRA linkage has nothing to do with it. Things break when you are enticed to take too much of mortgage at very cheap rate beyond the risk limits.
Also mortgage fraud is deliberately created if everyone is treated equally based on the risk then both the risk and zero fraud is managed
Canada needs one million new people to keep the Canadian economy alive otherwise everything here will be ruined.
mortgage is business with risk and profit loss and there is nothing fraudulent about it.. North America is capitalist economics please do not mislead innocent people.
Go to school
ਫੇਕ ਮੌਰਟਗੇਜ ਘੰਟਿਆਂ ਵਿੱਚ ਹੁੰਦੀ ਹੈ,ਸਹੀ ਮੌਰਟਗੇਜ ਨੂੰ ਮਹੀਨੇ ਲੱਗ ਜਾਂਦੇ ਹਨ । ਕੰਮ ਸਾਡੇ ਪੰਜਾਬ ਵਾਲਾ ਹੋਇਆ ਪਿਆ ਹੈ।