Housing Crisis Year 8: Ontario and Ottawa’s Post-February 1st
Canada’s housing crisis remains a defining challenge, with affordability slipping further out of reach for many and economic growth hampered by supply constraints. Ontario’s ambitious pledge to build 1.5 million homes by 2031 is at risk, with construction lagging and external pressures mounting. Meanwhile, the federal government is deploying significant funding and policy reforms, but […]
Sunday Dock Read: Mark Carney & New Homes Outlook 2025
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 […]
Sunday Dock Read: Trump’s Tariffs: What it Means for the Real Estate Market – An Updated Study
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 […]
Tariffs, Tariffs, Tariffs
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 […]
Sunday Dock Read: The Trump Victory: Friends, Americans, Canadians, Lend Me Your Ears
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, […]
Sunday Dock Read – Fear & Loaning Your Child Their Down Payment
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 […]
Sunday Dock Read – Variable Mortgage Surge & How To Refi To Save Money Now
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 […]
Sunday Dock Read – Looking Ahead – Oct 23 BOC Rate Announcement
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 […]
Sunday Dock Read – Labor Day & Looking Forward
Why This Fall Is The Optimal Time To Buy As anticipated in previous Sunday Dock Reads, another rate drop is expected this Wednesday. For those tracking mortgage rates this week, you may have noticed a notable decrease in fixed-rate mortgages. This includes reductions across four-year fixed (uninsured) and one, three, and four-year fixed (insured) terms. […]
Sunday Dock Read Interest Rates Drop – First Time Home Buyers Get Help
First time home buyers get help. In recent years, the landscape of mortgage options in Canada has shifted significantly with the resurgence of 30-year mortgage amortizations.