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 […]
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 – Condo Update, Liberals Legislation, Indigenous People Lead Out West
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.
Quick Hits: Liberals Announce 30-Year Terms and $1.5 Million Limit
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.
Sunday Dock Read – Canada Day! & Is Refinancing the New Renewal?
Prepare for your Renewal as if it was a Refinance. Consider these strategies when considering the best options for you when renewing your homes mortgage: Refinance to consolidate debt, Refinance and extend your mortgage term, downsizing, rates and your homes equity.