As urban populations surge, Canadian homebuyers are looking beyond the usual hotspots. Thanks to new investments in public transit and housing, once-overlooked neighbourhoods in the GTA and GVA are now gaining major attention and value. 📈 Urban Growth Is Changing the Map Canada’s urban population is expanding at over 3% a year which is more than double the long-term average. This rapid pace is putting pressure on governments to ramp up both housing and transit development at the same time.

First-time homebuyers in Canada could soon benefit from meaningful savings, thanks to a proposed federal policy that removes the GST on newly built homes priced up to $1 million. According to a new analysis from Desjardins Economics, this could reduce the total cost of a home by as much as $50,000 — and potentially cut monthly mortgage payments by up to $240. It could also mean a smaller down payment, helping more Canadians get into their first home sooner. 💰

Canada’s economy grew in the first quarter of 2025 — faster than expected — which could influence the Bank of Canada’s next move on interest rates. After a small dip in February, GDP rose slightly in March. When combined with strong results from January, the overall economy grew 0.5% compared to the previous quarter, and 2.2% compared to the same period last year. That’s a healthy bump — higher than the 1.7% growth many economists had forecast. So, what’s driving

Why the renewal wave isn’t the financial nightmare headlines made it out to be. You’ve probably heard the buzz: a wave of mortgage renewals is coming—and for many, it’s going to cost more. But before you hit the panic button, here’s the truth from the Bank of Canada’s latest Financial Stability Report: Yes, payments will go up for a lot of homeowners.But no, it’s not the financial crisis people feared. What’s Actually Happening? Why Most Homeowners Are in a Stronger

If you thought Canadian bond yields were unpredictable before, try throwing a Trump-Carney handshake into the mix. The markets are holding their breath — and honestly, so are a lot of Canadian mortgage brokers — as Prime Minister Mark Carney meets with Donald Trump for what could be a pivotal trade negotiation. While the headlines sound diplomatic and cheerful, there’s real tension beneath the ice. The decisions made (or not made) in Washington this week could shift the direction of

Canada’s housing market is going through some changes this year, but they aren’t necessarily bad —especially for buyers and sellers who know how to work with the market, not against it. The Canadian Real Estate Association (CREA) has revised its 2025 forecast last Friday, lowering its expectations for both home sales and average prices. About 482,673 homes are now expected to sell this year, which is roughly 50,000 fewer than what CREA predicted at the start of the year. The

If you’ve been wondering what’s happening with mortgage debt in Canada lately, the latest numbers might surprise you—especially if you’re a young homeowner or thinking about becoming one. According to recent data from Statistics Canada, younger Canadians—especially those under 35—are actually reducing their mortgage debt. In fact, average mortgage balances for this group dropped nearly 5% in the final quarter of 2024. That’s a continuation of a trend we’ve seen since late 2022. So what’s going on? It turns out