OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders + MORE Jan 29th

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Where to Buy Real Estate in Canada 2026: Calgary + MORE Apr 30th

When most people think of Calgary, they picture cowboys and oil. They’re not wrong, but they’re about a decade behind. Since 2018, Calgary’s tech sector has grown by 78%. The city’s food scene spans everything from Ethiopian and Korean spots to farm‑to‑table restaurants,.... More »

Could a home-based business affect your mortgage? May 27th

Registering a business at your home may seem harmless, but it can raise questions for lenders, insurers and municipalities. Here’s what homeowners should know before using their home address for business purposes..... More »

Mortgage expert alert: Will the Iran War and rising inflation offer a buying opportunity in 2026? + MORE Apr 9th

Escalating tensions in the Middle East have erupted into war between the US and Iran. Spiking oil prices from Strait of Hormuz blockages are already having an immediate, aggressive impact on your wallet, your household expenses, and crucially, your mortgage. Historically, moments of extreme globa.... More »

B.C. home sales struggle in May as mortgage rates rise and labour market stays weak + MORE Jun 14th

Rising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland. .... More »

Part 1: Beating the Math: Why Politicians Are Failing Homebuyers and What you can do. Apr 21st

If you are trying to buy a house in Canada right now, the math is completely broken. Instead of treating the root causes of the housing crisis, politicians are serving up PR stunts that do very little to actually put keys in the hands of hardworking Canadians. Let’s look at the reality of the .... More »

How does rent from a family member or common-law partner get taxed?

– moneysense.ca

A client of mine told me (Ontario) that his girlfriend moved in and is paying $1,000 per month towards household costs. They won’t be common-law for 3 years in Ontario. Would this count as tax free?—Hans

There are a few considerations here for your client, Hans. I will break them down.

Rental income

When you earn rental income, you report it on your personal tax return on Form T776 Statement of Real Estate Rentals. You can claim rental expenses to reduce your taxable rental income. Common expenses include:

Advertising

Insurance

Mortgage interest

Legal and accounting fees

Management fees

Condo fees

Repairs and maintenance

Property taxes

Utilities

This list is not exhaustive, and repairs and maintenance can be complicated because some expenses that are more lasting in nature—like a renovation—may be capital expenses that must be depreciated over time.

Rental losses

If you have more expenses than income, you can have a rental loss…

Continue Reading On moneysense.ca »

Will OSFI signal changes to the mortgage stress test this week?

– canadianmortgagetrends.com

OSFI releases its quarterly update Thursday, with some analysts expecting at least some direction on the future of the stress test.

Continue Reading On canadianmortgagetrends.com »

U.S. mortgage rates increase for first time in four weeks

– canadianmortgagetrends.com

U.S. mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity.

Continue Reading On canadianmortgagetrends.com »

OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders

– canadianmortgagetrends.com

OSFI offered no new direction on the qualifying rate, but reiterated that loan-to-income caps for uninsured mortgages remain in place and opened a new six-month consultation tied to its broader guidance review.