Callum Greig

@SpencerHakimian Meaning yields drop off or takeoff!?

@PRIMEmortgageWx RIP

The real winner tonight. Iran gets severely degraded. And, all the short term and long term retaliation will not be directed at him or his country.

West Shore RCMP remembers our fallen officer Cst. Sarah Beckett who was killed in the line of duty on this day - April 5th, 2016. Sarah was not only an officer who dedicated her life to the safety of our community but an incredible wife, daughter, sister, friend, and mother. To honour Sarah's memory, please consider taking part in the 2025 Sarah Beckett Memorial Run on May 11th: bit.ly/42pwWbw

@SawyerMerritt Let’s go Tesla family! Sharing my referral link for when you order your Tesla. You’ll get $2,600 off the purchase of a Tesla product. ts.la/callum1310

$5M worth of Teslas were bought by people using your guys' referral codes the last time I did this, so let's do it again! Comment below this post with your referral link if you want someone to use it Buying a Tesla? Consider using a small creator's link. Let’s sell some Teslas!

@BradWestPoCo Any chance you and your lovely family want to move to Victoria and you take up the mayor ‘s role? Asking for a friend…@bradwestvic has a nice ring to it :)

British Columbians regularly encounter 6+ hour waits in hospital ERs. Never mind that, Fraser Health Authority is rolling out a “planetary health collaborative” complete with an “Executive Advisor” & other staff. Time to give their head a shake & get their priorities straight!

@doughoyes @ronmortgageguy @danielfoch Foreshadowing as to why the government changed the CMHC rules and extended amortizations as well as price ceilings to 1.5 million. Attempting to give buyers an out when they still must close, but no longer have the equity they expected at closing.

This week's episode of the Angry Mortgage podcast with @ronmortgageguy and his special guest @danielfoch is a "must listen." youtu.be/4qYYa1SgBv8?si… I agree with their comments on what I believe is an inevitable Toronto condo crash. We aren't doing many condo-related bankruptcies yet, but the calls are coming in. Last week a guy called: his pre-construction condo is set to close in December. It's downtown, a bachelor, and he paid $1,050,000. He put $50,000 down, so he needs to come up with $1 million, and given what the property will appraise at, he will be at least $200,000 short (probably more). I told him there's no point going bankrupt yet. If he can't close, we'll deal with it when the builder sues him. Back to Ron's podcast with Daniel: the purchaser has a bigger problem, but the builder has a bigger one. If most of the condo building are what Ron calls "Dog Crate Condos", it's likely that many of the purchasers are small investors who never intended to close; they planned to do an assignment sale or flip them quickly. Now they can't, so the builder will be left with a lot of unsold units. So the builder can't convert the building to a condo corp, and they can't repay their building financing. The builder may go bust. What a mess. This will be the insolvency story of 2025 (but it may still take six months to play out).

@BenRabidoux @danielfoch Bingo! (So-called) Housing market saviours just as we were approaching an opportunity to adjust prices and affordability downward by natural selection.

Raise mortgage insurance cap so more Toronto mortgages can have risks transferred to tax payers right as unemployment rate starts to inflect higher. Why now? 🤔 Cdn bank CEOs rejoicing today

@BCFerries are you next?? Seems quite simple if a global cruise line can implement for 1000s of passengers #yyj #bcpoli @richardzussman

@mrdougellin Back to when you could rush the kicker and crush him without tears and a pansy penalty!

This cannot be real !????

@doughoyes This is exactly what is going on with day-to-day applications and clients since 2018. If they have their own down payment, then they likely need a parent cosigner. If they can qualify for the mortgage, they need money for the down payment. This is a generational shift for sure.

Statistics Canada released a study today saying that if you are young, you are more likely to own a home if your parents co-sign the mortgage or give you a down payment. I am shocked, very shocked, to learn of this not-at-all-surprising conclusion. www150.statcan.gc.ca/n1/en/catalogu…

@doughoyes Ha. DM me the address and will bring the buns and condiments as there is NO flavour to this announcement!

@PRIMEmortgageWx My first thought was also, "Nothing burger." (But now I'm thinking about burgers, and I'm getting hungry).

If I'm asked tomorrow, what should I say about the Fed's announcing 30-year amortization, but only for 1st time home buyers for new builds? Good idea? Too little, too late?

“The dreaded Property Transfer Tax turns 25” bc.ctvnews.ca/the-dreaded-pr… via @CTVVancouver

@DriveTeslaca Grabbed up and LR Red on White I did!

New email from Tesla, and this is a good one. Existing owners can get a free paint or interior upgrade when buying from existing inventory. Plus you can get the 8,000km of free Supercharging if you trade in a vehicle.

@ron_usher @doughoyes I would LOVE to not need to add parents to title or mortgage transactions however, government policy with the stress test (7%) and market prices make it virtually impossible to qualify on a single income. Easily 1 in 3 single buyers NEED a co-signor to qualify.

@doughoyes So many financial advisors urge parents to get on board with adult children's loans. The lenders usually now insist that the parents are also added to the title. The large tax and credit risks are often little understood. Very helpful - yes, risky - certainly.

Yes, I will be accused of being an old meany, but I still believe you should never co-sign a loan, as I explain in this clip (and in detail on the podcast). youtu.be/IKjmvJDCGBo?si…

@Adam_Stirling @RobShaw_BC Donation made TODAY as promised towards the cause and the memorial run folk’s couldn’t have been more gracious in receiving the funds. Looking forward to attending the event!

@Adam_Stirling @RobShaw_BC Please put me in touch with whomever organizes this run and my business will gladly step up to fund the $2500. I was sickened when her life was taken and feeling similar here with her own City unwilling to support here. DMs should be open.

I don't know what's going on in Langford, but refusing to fund the memorial run of the West Shore RCMP officer who gave her life in the line of duty, because of a procedural concern that the application came in late... is probably going to (rightly) infuriate a lot of people.

@Adam_Stirling @walterJ30200048 @TrapperCarin @mikefarnworthbc @rparmarBC Couldn’t agree more! The more the merrier without question for this very worthy cause.

@walterJ30200048 @TrapperCarin @mikefarnworthbc @rparmarBC @PRIMEmortgageWx Just so everybody knows, the more money the run raises the better it does. It’s not either or.

Update: WOW... Langford Juan de Fuca MLA Ravi Parmar says BC Solicitor General @mikefarnworthbc is involved regarding the Constable Sarah Beckett Memorial Run and that British Columbia will be providing a tier one grant to support this year's run. #bcpoli #yyj

@WalterRJohnsto1 @Adam_Stirling @mikefarnworthbc As promised, we have made connection and will be making our donation tomorrow as promised regardless of this development. We are also committed for years going forward.

@Adam_Stirling @mikefarnworthbc WOW is right Adam. How low Mr. Parmar has stooped to pretend he didn't know that Callum Greig @PRIMEmortgageWx already stepped up to the plate YESTERDAY to provide the funding.

@Adam_Stirling @RobShaw_BC Email has been sent to the organizers offering my support for this year at subsequent years. Thanks for bringing this to the community attention!

@PRIMEmortgageWx @RobShaw_BC More information on registration and other forms of support can be found at the following link. sarahbeckettmemorialrun.com/register