Choosing a mortgage broker or a bank for your home loan will likely influence which mortgage you end up with. On top of that, there are pluses and minuses to both, as we detail in the table below. Before we dive into which may best suit your financial situation, let’s look at the differences between mortgage brokers and banks. You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate... [read more]

As the spring season blooms, the Ontario cottage real estate market has experienced a whirlwind of activity. This week's highlights reveal a dynamic landscape where buyers and sellers are navigating through price fluctuations and tax changes. **Price Adjustments in Cottage Country** In a surprising turn, 54% of Ontario's cottage markets** saw average prices decline between 5% and 28.7%. Notably, Muskoka witnessed a 5% decrease from the first quarter of 2023 to the same period... [read more]

The Canadian housing market has been a rollercoaster ride for first-time homebuyers, but recent developments offer a beacon of hope. With the introduction of new government initiatives and the evolution of financial solutions, stepping into homeownership is becoming more attainable. **Record Volume of FHSA Activity Soars** Broadridge Financial Solutions reports a surge in activity for the Tax-Free First Home Savings Account (FHSA), indicating a growing number of Canadians are gearing up to... [read more]

As we navigate through 2024, the Canadian real estate market presents a landscape of both challenges and opportunities. After a tumultuous period, industry experts forecast a year that could mark the beginning of a significant shift. Here's what you need to know about the Canadian real estate market in 2024. Interest Rates and Economic Growth Economists predict a potential decrease in interest rates by late Q2, with a drop of 100 basis points to 4.00% by year-end¹. This... [read more]