What to Expect in the Second Half of 2025 As we enter the second half of 2025, the Canadian housing market continues to shift in response to economic forces, policy adjustments, and evolving consumer behavior. Homebuyers and mortgage clients in cities like Calgary and Edmonton are asking the same questions: Will prices continue to rise?…
Key Trends for Canadian Homeowners The latest trends in Canada’s residential mortgage market reveal shifts in borrowing patterns, rising delinquency rates, and a cautious approach from traditional and alternative lenders alike. Whether you’re a homeowner, or a prospective buyer, understanding these trends can guide smarter financial decisions. Interest Rates and Borrowing Preferences in Canada 2024…
Big News for Homeowners The Office of the Superintendent of Financial Institutions (OSFI) has announced a significant change in the mortgage landscape that will benefit many Canadian homeowners. Effective soon, borrowers with uninsured mortgages will no longer be required to complete a stress test when switching lenders at renewal time. What Does This Mean…
As a homeowner, one of the most significant financial milestones you’ll encounter is the renewal of your mortgage. With a staggering $251 billion of mortgages set to renew in 2024 and an even larger $352 billion in 2025, it’s crucial to be prepared. According to the Bank of Canada, “virtually all” remaining mortgages will go…