Mortgage payments are easing overall, but many face renewal stress, TD says + MORE Jul 11th

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What’s better for buying a second home: HELOC or personal loan? + MORE Aug 8th

Ask MoneySense I am considering taking out a HELOC loan to buy another property. Is this a wise decision, or would a loan be better? My bank advises me that I can qualify for a $400,000 HELOC. –Caren When buying a second property, Canadians can choose from a number of financing options, inc.... More »

Canadians are turning to family—and credit—to stay afloat + MORE Jul 20th

Two new surveys reveal the growing financial strain that Canadians face amid rising costs and stagnant wages. A report from Mortgage Professionals Canada (MPC) found that 70% of recent home buyers say they couldn’t have purchased their property without financial help. A separate survey by.... More »

Opinion: Why mortgage brokers are not order takers Dec 9th

A growing number of borrowers now expect fast, frictionless mortgage quotes without offering the details needed to make them real. It’s a mindset that’s becoming more common — and one that rarely survives underwriting..... More »

Toronto, Vancouver weigh on housing starts in first half of year: CMHC + MORE Sep 10th

Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences..... More »

Mortgage Digest: Easing homeownership costs may be short-lived, RBC says Oct 10th

Inside: mortgage arrears inch higher, Manulife teams up with M3, Haventree joins CMHC securitization programs and more career updates..... More »

Weak condo market means tough choices for potential move-up buyers

– moneysense.ca

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.

Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years following a rush of new supply opening up and plummeting investor demand.

For some regions, that marks a divergence from the overall real estate picture. Many industry watchers are now forecasting a turnaround in the housing market in the coming months after the first half of 2025 was plagued by economic uncertainty related to tariffs and job losses.

Sellers stuck in limbo as condo sales drop significantly

It’s left those looking to leave condo life behind and upgrade to a house in a tough spot: sell now at a lower than anticipated value, or wait out the storm.

“They’re kind of stuck,” said Victor Tran, a mortgage and real estate expert for Rates…

Continue Reading On moneysense.ca »

Mortgage Digest: RBC expects no further BoC rate cuts

– canadianmortgagetrends.com

Canada’s big banks are divided on how much further the Bank of Canada will cut, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead.