Category: Uncategorized
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How to Get a Mortgage With Bad Credit in Ontario | Get Your Mortgage for a LilLez!
Specialised lenders in Ontario offer bad credit Real Estate mortgages with more flexible approval requirements. A larger down payment helps reduce lender risk and improves approval chances for Ontario homebuyers. Stable income and job history show reliability, boosting mortgage eligibility despite poor credit. Ontario government programs assist first-time buyers with bad credit through incentives and…
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How Will 2025-2026 Renewals Impact You? | Get Your Mortgage for a LilLez!
60% of Canadian mortgages will renew in 2025–2026, with five-year fixed borrowers facing ↑ 15–20% payment increases. ~25% of borrowers could see payments drop, especially those with variable-rate, variable-payment mortgages. 10% of fixed-payment variable-rate borrowers may face payment spikes over ↑ 40% due to negative amortization. Median mortgage debt service ratios will rise from 15.3%…
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Condominium Apartment Market Risks in Toronto and Vancouver
Between 2022 and early 2025, condominium sales dropped 75% in Toronto and 37% in Vancouver, with inventories more than doubling and prices falling. Investors face financial distress, including up to 6% capital losses on 2024 pre-construction purchases in Toronto. Project cancellations surged, increasing 5- to 10-fold. Rising carrying costs and stagnant rents reduce investor returns,…
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First-time homebuyer? Here’s what you need to know
Buying a first home involves deciding the type of property, assessing affordability, and understanding the local market. Consider your readiness to settle, budget for down payment and monthly costs, and factor in credit score and closing costs. Evaluate whether to rent or buy based on your situation. If your ideal home exceeds your budget, a…
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6 common mistakes homeowners make when it’s time for mortgage renewal — and how to avoid them
Many Canadian homeowners miss key opportunities during mortgage renewal by waiting too long, not shopping around, or focusing only on interest rates. It's important to review options early, consider switching lenders for better rates, understand all terms, seek expert advice, and update your mortgage to fit current life goals. Renewal is also a chance to…
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What Really Drives Your Mortgage Rate Up | Get Your Mortgage for a LilLez!
Your mortgage rate isn’t random—it’s shaped by economic forces, lenders’ costs, and risk factors. Lenders borrow money too—your rate mostly depends on what it costs them to borrow.
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Happy Long Weekend! | Get Your Mortgage for a LilLez!
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Vacancy gap between AAA, lower office classes a record 890 BPS
AAA office assets in downtown Toronto, Montreal, and Vancouver have outperformed lower-grade buildings in vacancy, availability, and rental resilience, with vacancy at 7.1% versus 16% for non-trophy buildings. Tenants prioritize quality and amenities over cost, favoring premium spaces. Class-B and aging Class-A offices face pressure as demand consolidates in top-tier buildings. Return-to-office mandates by larger…
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Buying A House In 2025: A Step-By-Step Guide
Buying a house involves key steps: setting a budget, saving for a down payment, checking credit scores, and shopping for mortgages. Consider extra costs like taxes, insurance, and maintenance. The market is shifting toward balance, benefiting buyers despite high prices and rates. Work with a local agent, get preapproved, inspect the home, negotiate repairs, secure…
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Renewing your mortgage? A guide for Canadians
For those renewing mortgages soon, understanding terms and options can ease rate shock. Use tools like mortgage renewal calculators to compare offers and total costs. Consider adjusting mortgage terms or switching to variable rates to stay competitive. Higher payments may require strategies like prepayments, extending amortization, or cutting expenses. If renewal is declined, seek new…