Mindblown: a blog about philosophy.

Canada’s mortgage delinquency rate is expected to continue rising despite the recent quarterly decline. Upward pressure will intensify as over 750K mortgages renew at higher rates this year. A further 1.15M renewals in 2026 will add significant national repayment stress. Higher borrowing costs will challenge households as renewal rates remain well above pandemic lows. Mortgage…

Lender choice affects stress, support, and savings during home buying. Options: direct lenders (banks, credit unions), brokers, online, and private lenders. Key factors: interest rates, loan types, fees, digital tools, and communication. Right lender offers tailored options, clear guidance, and smoother process. Informed choice impacts cost, speed, and confidence in home purchase.

The avg home price in Durham Region fell to ~$852K in October 2025, ↓ 3% MoM. Prices are also down 4.2% yearly, showing continued softening. A total of 715 homes were sold, with properties taking an avg of 29 days to sell. Sales ↓ 19.5% yearly, indicating reduced buyer activity. Active listings ↑ 15.5%, reaching…

Analysts see December as a pause, not the end of easing, with more cuts possible if growth and jobs weaken. Economic slack, labor softness, and trade tensions increase pressure for additional policy support in 2026. Bank signals limits of monetary policy amid tariffs, but economists expect further easing if conditions deteriorate. Fiscal stimulus may help,…

A larger down payment directly lowers your mortgage size and overall Real Estate borrowing costs. Paying more upfront reduces long-term interest charges and may save thousands over the loan term. Smaller down payments increase total repayment amounts, even when monthly payments appear manageable. Home-buying programs and incentives can help first-time buyers accumulate larger down payments.…

In Canada, a home buyer’s minimum down payment depends on the property’s total purchase price. Homes costing $500,000 or less require a minimum 5% down payment from personal savings. Properties between $500,000 and $1.5 million need 5% on the first $500,000 and 10% thereafter. Homes priced above $1.5 million require a full 20% down payment…

Slide 1 Rates finally sit in a “good place,” but buyer confidence hasn’t fully bounced back yet. Slide 2 Canada’s nine rate cuts brought major relief, yet affordability still challenges first-time buyers nationwide. Slide 3 Lower borrowing costs usually boost sales, so stronger buyer activity could show up early next year. Slide 4 A recession-triggering…

Newcomers must build Canadian credit history early—secured cards, on-time bills, and monitored reports boost approval. Lenders assess credit, income, job stability, debt ratios, and down payments—typically 5% to 20%. Budgeting for mortgage readiness includes saving 20% down payment, taxes, insurance, and maintenance costs. Mortgage brokers and real estate agents help newcomers secure best rates and…