Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
What’s moving Canada’s mortgage market this week Aug 5th
A few notable data points this week could offer fresh insight into housing activity and the broader economy..... More »
Under-35 households lead the way in reducing mortgage debt, StatCan reports + MORE Jan 27th
Canada's youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022..... More »
CMHC reports annual pace of housing starts in April up from March May 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
Does it make sense for a young person to have life insurance? + MORE Nov 24th
Buying life insurance in your 20s can feel like an added cost to an already long list of expenses. But experts say it can safeguard loved ones if life doesn’t go as planned.
Do young Canadians need life insurance?
There can be a “very high temporary insurance need” for younger Canadians,.... More »
Is saving for your child’s education still worth it? The research says yes Sep 16th
Parents today are tasked with a daunting challenge: preparing their children for a future they can’t predict. The world kids will enter as adults looks nothing like the one their parents grew up in. Artificial intelligence is already transforming work, entire industries are being disrupted, an.... More »
Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show
– canadianmortgagetrends.com
High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.
Toronto housing bubble: Is it ready to pop?
– moneysense.ca
The Toronto real estate market has experienced remarkable growth over the past two decades. The average home price in Toronto surged by a staggering 489% from 2000 to 2022, according to the Toronto Real Estate Board (TRREB). This rapid price growth has raised concerns about the future of affordable homeownership. And with good reason.
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Is Toronto affordable?
For instance, the average Toronto home in 2021 was $1,095,175, while the median household income was $84,000, which equates to a price-to-income ratio of 13. To put that in perspective, the price to income ratio in 2010 was 7.4.
The fact is: wages have not kept up with home prices. For future generations, the goal of owning a home in the Greater Toronto Area is looking more like a pipe dream…
