Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage Expert alert: Why Canadian housing seems unaffordable in 2026: A 35-year real estate disconnect + MORE Jun 5th
The dream of home ownership in Canada appears distant in today’s mathematical reality. Housing costs account for nearly 30% of household income. Older generations survived 12–18% interest rates in the 1980s and early 1990s. At the time, home prices equaled two or three years of household income..... More »
Opinion: Think twice before handing your mortgage to a bank adviser + MORE Oct 7th
Every now and then, something happens in this business that really drives home an important lesson, and this time, it’s about how trusting the wrong person with your mortgage file can cost you a great deal..... More »
Where to Buy Real Estate in Canada 2026: Greater Toronto Area May 6th
From Blue Jays games at Rogers Centre to weekend hikes in the Rouge Valley, life in the GTA moves at whatever pace you set. Home to more than seven million people, the Toronto region’s high price tags kept many buyers on the sidelines. But as the market recalibrates, a window is opening fo.... More »
Rising delinquencies test resilience of Canada’s mid-size lenders Oct 28th
Morningstar DBRS says mortgage delinquencies are climbing at Fairstone and Equitable while Laurentian remains resilient..... More »
Mortgage rule changes are expanding insured market activity, insurers say Mar 4th
Mortgage insurers say recent federal policy changes are giving first-time buyers more purchasing power, even as broader housing market conditions remain uneven..... More »
How much income do you need to buy a home in Canada? A look at housing affordability in June 2025
– moneysense.ca
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 out of 13 major urban centres.
The report uses monthly real estate data from the Canadian Real Estate Association (CREA), average mortgage rates, and the mortgage stress test rate to calculate affordability levels in each market; this is defined as the amount of income a buyer would need to earn to qualify for a mortgage on the average-priced home in the city, as well as the corresponding monthly mortgage payment.
As was the case in May, steeper borrowing costs were to blame for tougher buying conditions. Higher bond yields have prompted lenders to push their fixed mortgage rate offerings higher, while variable mortgage rates have been stagnant. As a result, the average five-year fixed mortgage rate used in the study’s calculation increased to 4…
