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In 2025, CREB expects more listings priced above $600K due to easing lending rates and pent-up demand. Sales in 2025 are anticipated to align with historical trends, slightly higher than in 2024.

Paying off your mortgage faster frees up finances, builds equity, and saves significant interest over the loan’s lifespan.Increasing payment frequency with accelerated bi-weekly or weekly payments reduces interest costs and shortens mortgage amortization.

With inflation at 2% and rate cuts continuing, Canadians can expect lower mortgage rates in 2025. Variable-rate mortgages are expected to fall below fixed rates in 2025 as they gain renewed interest.

Around 100,000 mortgage renewals each month in 2025, with lenders competing for clients due to rate shifts. Property values may climb over 4%, increasing the average mortgage size for buyers with larger down payments.

Compare multiple offers to find the best deal available. Prepay your mortgage before renewal to lower the loan balance, reducing monthly payments and saving on interest.

Extend your mortgage amortization to reduce payments now and adjust as rates decrease later. Shopping around for mortgage rates can save you thousands over the term of your loan.

The BoC’s latest interest rate drop shows a shift in economic strategy for 2025. Consumer spending and housing activity rose, showing lower rates are reviving household spending amid excess economic supply.

58% of Gen Z and millennials aim to buy homes in the next five years despite rising costs. To qualify for a traditional mortgage, credit scores should range between 620 to 680 or higher.

In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…