Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd
After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions.
The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
5 smart strategies for renewing your mortgage + MORE Mar 25th
Owning a home has plenty of benefits, but it’s not without challenges. Over one million mortgages in Canada are set to renew in the next few years, and many home owners will be faced with higher interest rates. If you’re in this situation, you may feel squeezed in two ways: a higher interest rat.... More »
First National sees Q2 drop in single-family originations, but mortgage portfolio expands + MORE Aug 14th
Despite a drop in single-family mortgage originations, First National’s commercial lending and overall mortgage portfolio showed robust growth in Q2..... More »
Canadian home sales forecast downgraded—but the market may be turning a corner + MORE Jul 17th
For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it says a turnaround could be looming following increased activity in June.
The association reported that the number of homes changing hands across the country in June r.... More »
Breaking a mortgage for better rates can pay off – but beware of the costs + MORE Oct 7th
Interest rates are dropping, but many Canadians are still feeling the hangover of the highest lending costs in a generation..... More »
U.S. inflation eased in June: Good news for Canadian mortgage shoppers
– canadianmortgagetrends.com
U.S. financial markets got a boost today with a lower-than-expected inflation reading, marking the lowest level since May 2020.
Weekly mortgage digest: Which big banks just dropped fixed rates?
– canadianmortgagetrends.com
After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward.
6 things to consider before borrowing from the Bank of Mom and Dad for your first home
– moneysense.ca
As homes remain unaffordable to many Canadians, more and more young adults are turning to the Bank of Mom and Dad to help with a down payment or with mortgage payments. A recent CIBC survey showed that 31% of first-time home buyers in Canada received financial help from their parents or a relative, with the average gift being $115,000. While mom and dad’s money can certainly boost your down payment, borrowing from family does come with some financial and relationship considerations.
Before locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on this type of agreement—along with knowing the power and relationship dynamics that could come with it. Here are six key considerations when borrowing from the Bank of Mom and Dad for your first home.
The complete guide for first-time home buyers
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1. Is it a gift or is it a loan?
Determine if the financial help you’re discussing with your family is a gift or a loan…
