Clara Desai
Real Estate News Analyst at Mortgage.Expert
Hi, I’m Clara — I write about mortgage rates, housing news, and what’s really changing for homebuyers across Canada. My goal is simple: cut through the noise and explain things clearly, especially for first-time buyers or anyone feeling stuck.
I track Bank of Canada updates, lender rate changes, and mortgage trends so you don’t have to. If something shifts, I’ll break it down — no jargon, no sales pitch.
You can reach me anytime at clara@mortgage.expert.
Toronto Home Prices Slip Slightly in July — Is It a Seasonal Dip or Start of a Trend?
After months of modest gains, Toronto’s average home price dipped 1.2% month-over-month in July, according to data from the Toronto Regional Real Estate Board (TRREB). Detached homes and townhouses saw the most notable softening, especially in the outer suburbs. While…
Canadian Mortgage Rates Hold Steady — But For How Long?
It’s the kind of calm that makes homeowners and hopeful buyers a little uneasy. Canadian mortgage rates stayed steady this week — no major movements from the big banks, and no surprises from the Bank of Canada (BoC). But underneath…
How Much Does It Cost To Build A House in Canada?
Building your own home is a deeply personal and exciting journey. For many Canadians, it’s a way to finally get the space, design, and lifestyle they’ve always dreamed of—without settling for whatever’s available on the resale market. But let’s be…
BoC Holds Its Ground at 2.75% — But Finally Hints at Rate Cuts
The Bank of Canada didn’t rock the boat this time. As expected, it kept its key interest rate steady at 2.75% — but it’s what they said next that’s turning heads. For the first time in months, the central bank…
First-Time Homebuyer Numbers Plunge 22% in Ontario
Young Canadians are tapping out — and stress tests are only part of the story. Buying your first home in Ontario is starting to feel less like a rite of passage and more like a financial marathon — one many…
Income Needed to Buy a Home Jumps Again in Greater Toronto Area
First-time buyers now need over $185K a year to afford the average home If you’re hoping to buy a home in the Greater Toronto Area, brace yourself: the income needed to qualify for an average mortgage in the region just…
U.S. Mortgage Rate Drops to 6.67% — Will Canada Follow?
U.S. Fixed Mortgage Rates Hit 3-Month Low — What It Means for Canadian Borrowers As of July 4, 2025, the average 30-year fixed mortgage rate in the United States has dropped to 6.67%, according to Freddie Mac — the lowest…
Australian Banks Are Holding Back Rate Cuts — Should Canadians Be Worried?
RBA Makes the Cut — But Banks Don’t Pass It On Fully The Reserve Bank of Australia (RBA) recently lowered its benchmark rate — a move widely expected and welcomed by homeowners. But the reaction from Australia’s major banks has…
U.S. Housing Market Turns Buyer-Friendly — Is Canada Next?
U.S. Sellers Are Cutting Prices — And Buyers Are Getting the Upper Hand The U.S. housing market is undergoing a subtle but powerful shift — and it’s good news for buyers. As mortgage rates gradually dip, more sellers are being…
Why Climate Risk Is Quietly Undermining Mortgage Security in North America
Climate Change Isn’t Just an Environmental Issue — It’s a Mortgage Time Bomb The financial foundation of North America’s housing market — long-term, fixed-rate mortgages — may be cracking under the pressure of climate change. While most Canadians focus on…
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