Mindblown: a blog about philosophy.
-
How to Win the Mortgage Pre-Approval Process
A mortgage pre-approval is a lender's initial approval of the loan amount you qualify for, securing a specific rate for up to 120 days. It involves a review of your financial situation and helps define your home budget while enhancing your credibility as a buyer. To obtain pre-approval, choose a lender, gather necessary documents, apply,…
-
Canadian Rents Fall: A 4.8% Decline | Get Your Mortgage for a LilLez!
Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023. Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels.
-
Canada Housing Market: Tariffs Stall Spring | Get Your Mortgage for a LilLez!
Canada’s spring housing market is slowing due to economic uncertainty and U.S. tariff concerns affecting buyers and sellers. Home sales dropped 9.8% in Mid-Q1, with prices declining 3.3% and new listings falling 12.7%.
-
Mid-Q1 Home Sales Drop 10.4% Yearly | Get Your Mortgage for a LilLez!
In February 2025, home sales in Canada fell to their lowest level since November 2023 amid trade war uncertainty. February home sales ↓ 10.4% yearly and ↓ 9.8% MoM on a seasonally adjusted basis.
-
Mortgage Renewal in 2025: How to Lock in the Best Rate and Avoid Payment Shock
Fixed mortgage rates have decreased recently, with many lenders lowering three- and five-year rates by 10 to 20 basis points due to falling bond yields and increased competition. In contrast, variable rates are becoming more expensive despite a recent reduction in the overnight rate, as lenders adjust discounts to maintain profit margins. With 1.2 million…
-
Why Are Toronto’s Housing Starts Plummeting? | Get Your Mortgage for a LilLez!
Toronto's housing market is facing a sharp decline, with sales and new construction slowing significantly. The multi-unit housing sector in Toronto saw a steep drop, impacting overall housing start figures.
-
Will Economic Woes Sink Toronto Homes? | Get Your Mortgage for a LilLez!
GTA Real Estate buyers have opportunities as sellers face growing pressure amid increasing listings and declining salesCondo sales are struggling, causing many new developments to stall due to insufficient pre-sales.
-
How to Save for a House
To save for a house, first determine an affordable price range. Set a specific savings goal, starting with the down payment. Common mortgages include conventional loans (down payment as low as 3%), FHA loans (3.5% down), VA loans (no down payment for eligible borrowers), USDA loans (no down payment for rural areas), and jumbo loans…
-
Is Private Mortgage Investing Right for You? | Get Your Mortgage for a LilLez!
Private mortgages offer a unique opportunity for investors seeking high-yield, fixed-income returns with real estate exposure.Private lending provides short-term mortgage financing for borrowers who don’t qualify for traditional bank loans.
-
Happy Victoria Day | Get Your Mortgage for a LilLez!
The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend.
Got any book recommendations?