Mindblown: a blog about philosophy.

BoC’s neutral rate is 2.75%, aiming to balance growth without overheating or stalling. Scotiabank sees rates holding at 2.75% through 2025, then easing to 2.0% in 2026. Home sales expected to rise 6.3% in 2026, reaching nearly 500,000 across Canada. Average home prices likely to climb to $697,929 in 2026—up 3% from this year. CREA…

Appreciation rate is the annual percentage increase in a property’s value over a specific time period. It’s a critical metric for Canadian homebuyers and investors evaluating long-term property performance. Key drivers include location, infrastructure, economic trends, interest rates, and housing market supply and demand. Appreciation may be market-driven or forced through property upgrades like renovations…

Start by getting pre-approved to show affordability—credit score >720 boosts your mortgage options significantly. Compare mortgage options, including government programs and incentives like $5K tax credit or $60K RRSP withdrawals.

Homeowners in Canada can fund renovations by refinancing or accessing home equity through a secured credit line. Renovation costs vary greatly; setting a realistic budget and getting quotes is essential before borrowing. Some mortgage options allow adding renovation costs to the mortgage at the time of home purchase. Personal loans and credit cards are options…

On closing day in Canada, you meet your lawyer or notary to sign mortgage and ownership documents. You must provide proof of home insurance naming your lender before mortgage funds are released. Your first mortgage payment is usually due about one month after closing, with possible interest adjustments. Final closing costs include legal fees, land…

In 2025, stronger credit profiles support a more stable housing market compared to the 2000s. Buyers with higher credit scores access lower rates, more loan choices, and smoother approval processes. Today’s buyers are generally more financially qualified, raising competition and reinforcing market resilience. Good credit can save thousands annually by unlocking better mortgage terms amid…

Co-signers are fully responsible for the mortgage if the main borrower can’t make payments. Co-signing affects your own credit and reduces your ability to borrow for future loans. Removing your name later isn’t automatic; the borrower must fully re-qualify at renewal time. Tax and legal consequences may apply, including capital gains and loss of first-time…

Mortgage pre-approval lets buyers know how much they can afford before beginning their Real Estate search. It helps narrow your property search to homes that match your approved mortgage budget. Sellers prefer pre-approved buyers, especially in competitive Real Estate markets with multiple offers. Pre-approval secures an interest rate for up to 120 days, shielding buyers…