Home Prices Heat Up Despite High Interest Rates + MORE May 1st

Interested in learning more about property mortgages in Canada? Look no further!
Latest News

Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing. The agency released its biannual housing su.... More »

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada + MORE Dec 22nd

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025..... More »

Fixed mortgage rates surge higher as bond yields break above 4% Aug 21st

Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases..... More »
 home equity

Rate hikes, food inflation, mortgage costs: How to get through the cost of living crisis + MORE Jul 18th

No matter the state of your finances, avoiding your fears is not the way forward, experts say. Focus on what you can control..... More »
 Canada mortgage

Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals + MORE Jun 27th

In today's digital age, LinkedIn has become a powerful tool for professionals across industries to connect, network, and showcase their expertise..... More »
Home Prices Heat Up Despite High Interest RatesSome weird stuff is happening in the world of real estate. As you likely know, the Bank of Canada has steadily raised interest rates over the past year in hopes of cooling inflation. This was also supposed to cool the housing market. Conventional wisdom dictates that higher rates would result in more mortgage defaults, more housing supply, and lower home prices. Oddly enough, none of that is happening. 

What’s Going On?

Despite the astronomical spike in interest rates, there are far fewer real estate transactions compared to this time last year. The number of new mortgages being registered has dropped significantly. The rental market has ramped up (a basement apartment in Toronto now goes for $2k – $3k/month, which is ludicrous). And most importantly, real estate prices have skyrocketed. Bidding wars are back in full swing, which is almost the exact opposite of what we expected to see from a rate environment like the one we’re in. 

Why Is This Happening?

There are a few factors at play here…

Continue Reading On canadamortgagenews.ca »

How many years can I get a fixed-rate mortgage for in Canada?While some Canadian lenders do offer fixed-rate terms for as long as 25 years, a five-year term is far more common in Canada.

Continue Reading On thestar.com »

Health-care workers Annie and Ben, 33, can afford a bigger house. But is now the time as they look to grow their family?The couple has a combined annual income of $260,000, a modest mortgage, and is wondering how best to invest their savings.

Continue Reading On thestar.com »


Compare insurance quotes through Kanetix.ca - save time and money!