Should you buy or sell first in today’s real estate market? May 1st

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.

Latest News

Mortgage Digest: Bond yield spike drives latest fixed mortgage rate hikes of up to 30 bps + MORE Mar 22nd

Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increases.... More »

The best 5-year fixed mortgage rates in Canada + MORE May 28th

Mortgages The best 5-year fixed mortgage rates in Canada You’re 2 minutes away from getting the best mortgage rates in Canada. Just answer a few quick questions to get a personalized rate quote. I’m buying a home* .... More »

Mortgage brokers: Are you asking the right questions when choosing a mortgage brokerage? + MORE Aug 7th

As a mortgage broker, you negotiate tirelessly to secure the best rates and terms for your clients. But have you applied the same diligence to selecting your brokerage?.... More »

Beyond home prices: What the new CMHC affordability index reveals about Canada + MORE Apr 24th

Take a look at just about any housing affordability index in the country and you’ll notice something pretty quickly: they almost always focus exclusively on home prices and mortgages. Rental units simply aren’t included. The Canada Mortgage and Housing Corporation (CMHC) has acknowledged this.... 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 »

Should you buy or sell first in today’s real estate market?

– moneysense.ca

We’re in the market for a new home, but we aren’t sure whether we should sell our home first or buy first. We’ve had people suggest both, and we’re wondering what might be best in the current real estate market.

Should you buy or sell first in real estate?

Whether you should buy your next home first or sell your current home first is a perennial question in real estate.

If you buy a new place first, you might be unable to sell your current house before the closing date. Then you’ll have multiple mortgage payments to contend with. Bridge financing—a temporary loan option designed for situations like these—can sometimes help, but not everyone qualifies for it.

If you instead decide to sell your current place first, you might struggle to find and close on your next home before you have to move out. Either way, you could end up being rushed into making an enormous life decision—one with significant financial implications.

So, what should you do? The right answer is specific to each individual, their financial situation and their risk tolerance…

Continue Reading On moneysense.ca »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

Share