2025 Residential Construction Outlook: Steady Growth and Opportunities As we step into 2025, the Ontario residential construction market looks to be on a solid, steady path of growth. Thanks to lower mortgage rates, strategic government policies, and the ongoing demand for new homes, it’s shaping up to be a year of steady progress for builders…
First – Come On – Let’s Address This Snow Madness Over the past four days, Ontario has been living up to its reputation as a snow globe, especially in the southern and central parts of the province. Southern Ontario got hit the hardest: Eastern Ontario had its usual flirtation with snow, with Ottawa seeing its…
I wanted to reach out to everyone after the tariff news that came out yesterday. It’s important to recognize that Canada is entering a trade war with the United States. This situation could last for months, or even years, and right now we don’t know what the end result will be. While this isn’t the…
2025 Real Estate Update Five Reasons Why Home Prices Will Rise 10% in 2025 In 2025, home prices in Canada are expected to rise by 10% year-over-year. Here are the five key factors driving this predicted growth: In summary, these factors—combined with stronger demand and more favorable financial conditions—are expected to push home prices up…
HuronMortgages.ca Outlook for the Next 6 Months Here’s What He’s Said Which Means Little, But We’ll Pretend Trump has promised lower interest rates. That will be largely out of his control.Ah, the dream of Donald Trump lowering interest rates—a plan about as realistic as using a hairdryer to put out a fire. During his campaign,…
That is why an increasing number of parents are choosing to assist their children by gifting cash for home purchases. Home prices surged in 2021 due to low mortgage rates. Although prices have slightly decreased with rising interest rates, they remain much higher than pre-pandemic levels. As reported by the Canadian Real Estate Association, the…
The Re-Emergence of the Variable Rate Mortgage & How to Refi to Save Money Now More Canadian homeowners are exploring the option of switching from fixed-rate to variable-rate mortgages following a significant interest rate cut by the central bank on Wednesday, according to mortgage brokers. The Bank of Canada reduced its benchmark policy interest rate…
All eyes are on the Bank of Canada as it prepares for its next interest rate announcement on October 23. Following the latest inflation report, investors are increasingly anticipating a half-point rate cut, along with an additional 25 basis points of easing by year-end. If this unfolds, the Bank of Canada’s policy rate could reach…
A condo buying frenzy swept most major Canadian cities during the peak of the pandemic around 2022. It was a huge seller’s market in most places with a population over 500,000, most notably Toronto. Simply not enough inventory to keep up with buyer demand sent prices to the moon.
On Monday September 16th, the Liberal government announced proposed reforms to the Canadian mortgage market aimed at making homeownership more accessible. Key changes include extending the amortization period for insured mortgages to 30 years (up from 25) and raising the cap on insured mortgage amounts to $1.5 million from $1 million.
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Mathew Monks
Mortgage Agent Level 2
Licence #M18002043
Dominion Lending Centres National Ltd. FSRA
Licence #10428
Mathew Monks
Mortgage Agent Level 2
Licence #M18002043
Dominion Lending Centres National Ltd. FSRA Licence #10428
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