Home Affordability Continued To Erode In August, Hitting A National Increase of 8.27% In Income Needed
Homeownership in Canada just got even more out of reach. In August, the income needed to buy a typical home surged by 8.27% compared to the previous month — marking yet another blow to affordability. As housing prices remain high…
Home Affordability Slips in 9 of 10 Provinces Despite Declining Prices
Even with prices coming down, homes aren’t getting any easier to buy. In fact, affordability actually got worse in nearly every province across Canada. Why? Rising borrowing costs continue to outweigh the benefits of lower home prices, especially in provinces…
Home Affordability Worsens in Majority of Provinces Amid July Rate Hike
According to fresh national data, home affordability took another hit in July, with the majority of provinces seeing increased pressure on buyers. The Bank of Canada’s latest rate hike is a major factor, driving up mortgage costs and widening the…
Home Ownership in Canada: Are You Among the 33% Who Believe They Never Will?
Buying a home has always been a dream for many Canadians—but for a growing number, that dream now feels out of reach. Soaring prices, higher mortgage rates, and stretched savings timelines have made homeownership seem nearly impossible, especially for younger…
Housing Starts and Housing Supply in Canada: The Impact on the Housing Market
Canada’s housing market has reached a breaking point. With population growth and immigration surging ahead, new home construction just isn’t keeping pace. The result? A growing affordability crisis that’s locking more and more Canadians out of homeownership. In this article,…
How AI Will Influence the Mortgage Industry in Canada
Artificial Intelligence (AI) is already making waves across industries, and Canada’s mortgage sector is no exception. From speeding up approvals to enhancing customer service, AI is transforming how lenders and borrowers interact. In this guide, we explore how AI is…
How Could Election Promises Impact Canadian Mortgage Rates?
Election time in Canada often comes with bold promises, economic plans, and plenty of speculation. But beyond the headlines, these promises can shape the conditions that directly or indirectly influence mortgage rates. With housing affordability dominating political debates and rising…
How Mark Carney’s Liberal Win Could Impact Your Mortgage Strategy
A new face is at the helm, and a familiar policy playbook is back in action. With Mark Carney leading the Liberals into a minority government, borrowers across Canada are re-evaluating their mortgage strategy in a landscape shaped by evolving…
How Tariff Threats and Bond Yields Could Impact Bank of Canada’s Decision
Trade wars, shifting US policies, and volatile bond markets are once again reshaping Canada’s economic outlook. With President Trump’s back-and-forth on tariffs and bond yields taking a dive, all eyes are on the Bank of Canada (BoC) as it faces…
How Tariff Uncertainty Impacts Canadian Borrowers and the Housing Market
Tariffs aren’t just a trade issue — they ripple all the way into your mortgage rate. As global tariff tensions rise, so does uncertainty in financial markets. For Canadian borrowers, that uncertainty can mean higher borrowing costs, volatile bond yields,…
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