Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How much income do you need to buy a home in Canada? A look at housing affordability in June 2025 Jul 26th
Mortgage rates continue to tick higher, and the impact is being felt in housing markets across Canada, according to the latest affordability data from Ratehub.ca. The June edition of the study, which is conducted monthly to record affordability conditions in real time, found conditions eroded in 12 .... More »
Understanding the Smith Manoeuvre: a Canadian mortgage strategy decoded Jan 6th
For nearly four decades, Canadians have turned to an investment strategy of writing off the interest from mortgage payments as tax-deductible. Known as the Smith Manoeuvre—after its creator, financial planner Fraser Smith—the strategy involves getting a readvanceable mortgage, which includes a l.... More »
Q1 Lender Earnings: The Recovery is Underway + MORE May 22nd
Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage of a hot housing market, alongside improving economic conditions and reduced loss provisions. One highlight was Home Capital addressing.... More »
Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage + MORE Jul 22nd
Soaring home prices over the past year have forced a majority of today's homebuyers to use the maximum mortgage amounts they've been approved for..... More »
No signs of distress among borrowers yet, First National says + MORE Nov 10th
Canada's largest non-bank lender says it is keeping a close eye on its mortgage borrowers, but hasn't seen any "measurable issues" related to higher payments so far..... More »
Canadian real estate market outlook 2018
– moneysense.ca
Romana King is an award-winning personal finance writer, a real estate expert and speaker. She is the current Director of Content at Zolo.caThere’s never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In 2018, the new year started off with more of a sigh. Analysts across North America came out with various pronouncements of deceleration in activity and pricing, but the overwhelming consensus was that the nation’s real estate landscape would flatten out, even in the hot Toronto and Vancouver markets.
It wasn’t too bold of a prediction. Activity was way down in the summer months of 2017, even as the number of listings was finally growing. This prompted only incremental increases in pricing and a nation-wide expectation of a soft-landing for Canada’s property markets.
This flattening out of the market was happening well before the latest splash of cold water hit the fast-accelerating housing markets. That splash came in the form of amendments to mortgage regulations…
