Global News – April 18, 2018 – Global News journalist, Patrick Cain, details the high mortgage debt levels of Canadians and the potential dangers of the high interest rates associated with them. The story talks about what parts of Canada are at the highest risk and what the impacts of rising interest rates in the future could be.
The Globe and Mail – March 22, 2018 – Since the Office of Financial Institutions has introduced new mortgage stress tests, fewer Canadians qualify for a bank mortgage. Many people who are turned away by banks turn to private lenders and some of these lenders do not have their client’s best interests in mind. Ron Alphonso describes a bad experience a client had with a private lender and how to make sure your lender is reputable.
Global News – November 1, 2017 – A woman living in Richmond Hill shares her story about getting caught in the real estate market downturn. She purchased two houses, one and Richmond Hill and one in Innisfil with plans on selling one. When real estate prices started to drop, she lost $100,000 in equity on each property for a total of $200,000 in lost home equity.
Maclean’s – October 27, 2017 – The Canadian goverment has been introducing new mortgage regulations that are causing more people to get turned down by traditional lenders. As a result many people are using the services of alternative lenders. Ron Alphonso is amongst the group of mortgage and real estate professions who share their thoughts on the situation.
Global News – September 6, 2017 – The Bank of Canada had announced their second interest rake hike of 2017, bringing the rate up to 1%. Tom Hayes from Global talks about the impact on homeowners and discusses with Ron the affect this is having on mortgage defaults.
Global News – July 12, 2017 – For the first time in many years the Bank of Canada has increased the interest rate. Ron joins a panel of experts and comments on what he is seeing and what to expect in the future.
Global News – July 5, 2017 – After years of increasing home prices in the GTA, home prices are finally falling. Ron Alphonso has seen a dramatic increase in the number of power of sale and foreclosures in the GTA, and warns that this number is continuing to increase.
Global News – June 6, 2017 – In Toronto, people are now feeling the impact of the Ontario Liberal government’s efforts to cool the Ontario real estate market. Ron Alphonso gives his views on the market and warns that Ontario will soon be a buyers’ market for real estate.
Global News – April 5, 2017 – Houses in the Greater Toronto Area have been reaching record prices and many Canadians cannot afford to buy a home. Many current homeowners with low-interest mortgages, but Ron explains that he is beginning to see people struggle with the costs of owning a home.
Global News – March 16, 2017 – The US Federal reserve has raised their interest rate and have two additional increases planned for 2017. Canada’s interest rates are impacted by those in the US and Ron explains what he believes will change in Canada.
Reuters – October 20, 2016 – The federal government’s new mortgage rules are leaving many people looking for ways around the new restrictions. A number of alternative lenders specialize in working with those turned down by banks. Ron Alphonso is one of these lenders, and explains what options consumers have.
Global News – October 18, 2016 – Canada’s federal government implemented new rules that aims to limit the number of mortgage applications that qualify for mortgage insurance. These new rules are designed to cool Canada’s red hot real estate market, and prevent a potential market correction’s ability to hurt Canadian banks. Ron Alphonso explains the potential impact these rules will have on the less regulated private lending market.
Global News – February 17, 2016 – This is a story about one of our clients who was facing a power of sale from an abusive lender. We were able to stop the power of sale and allow the family to keep their home.
Newstalk 1010 – November 28, 2015 – Ron shares his opinion on the current state of Toronto’s real estate market, as well as where he would recommend purchasing a new home.
Toronto Life – November 4, 2015 – The cover story in the November issue of Toronto Life focused on some of our past clients and the private lending industry. The story goes into detail about how Ron saved his clients from power of sale proceedings and gives a warning about taking on too much debt.