Do I still own my home with a reverse mortgage? Yes. You remain the legal owner of your home. The bank does not take ownership — a reverse mortgage is simply registered on title, similar to a regular mortgage or home equity line of credit. How much home equity will I have left? That […]
Canada’s housing starts in June remained steady overall, with a slight increase of 0.4% in the seasonally adjusted annual rate (SAAR) from May, reaching 283,734 units. This national stability, however, masks significant regional variations. Here’s a breakdown of the key findings: National Trend: The total monthly SAAR of housing starts for all areas in Canada […]
Ontario’s economy is currently navigating a challenging period, despite receiving the largest provincial fiscal support package in Canada, totaling about 1.5% of its GDP for the 2025 budget. With the economic environment cooling, it’s becoming increasingly likely that businesses will need to access some of this funding. Softening Job Market Ontario’s job market has weakened […]
RBC’s latest economic report indicates that Canada’s housing market began to find a footing in May, showing initial signs of stabilizing after a period of uncertainty. This follows a broader de-escalation of trade tensions. Key Highlights from May: Resales: Home resales increased for the second consecutive month, rising by 3.6% in May. This marked a […]
Refinancing Can Fix It All Owning a home is one of the biggest financial achievements for many Canadians—but over time, what once seemed like a great mortgage deal may no longer serve your best interests. If you’re feeling weighed down by high monthly payments, outdated mortgage terms, or equity that’s just sitting there unused, it […]
RBC has observed a notable uptick in mortgage delinquencies, particularly within the Greater Toronto Area (GTA), signaling emerging financial stress among homeowners. In its second-quarter earnings report, the bank revealed that the 90-day mortgage delinquency rate rose to 0.30%, up from 0.28% in the first quarter and 0.19% in the same period the […]
Before starting the homebuying process, it’s important to recognize that having a down payment ready is just one step. Many prospective buyers overlook key factors that can affect their ability to purchase a home successfully. Financial Preparedness:Many buyers believe they’re ready because they’ve saved a down payment, but they often skip important steps like getting […]
We expect the Bank of Canada to hold rates steady on Wednesday, following April’s pause after seven consecutive cuts. While arguments for a cut remain—such as weakening labour markets, particularly in manufacturing (which saw a 30,600-job drop in April, the largest monthly decline since the pandemic), an uptick in unemployment to 6.9% from 6.6% in […]
Are you buying a pre-construction home in Ontario?We specialize in helping clients secure the right mortgage solutions—whether you’re working with a major builder in the GTA, investing in Brampton, Mississauga, or exploring up-and-coming neighborhoods in cities like Oakville, Milton, Vaughan, Caledon, and Burlington. Our team has deep knowledge of pre-construction pockets across Southern Ontario, and […]
On the surface, the latest inflation report brought welcome news: Canada’s annual inflation rate slowed to 1.7% in April. This drop below the Bank of Canada’s 2% target would normally have markets buzzing about an imminent interest rate cut. However, a closer look at the data reveals a much more complicated picture, clouding the path […]
