Mindblown: a blog about philosophy.
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Canada Mortgage Stress Test Explained | Get Your Mortgage for a LilLez!
Applies to all Canadian homebuyers since 2018; must prove ability to pay if rates rise. Test uses higher of 5.25% or offered rate + 2% to assess affordability. Directly impacts mortgage qualification and borrowing amount; may require higher down payment or lower budget. 2024 update: No test needed for straight switch to new lender with…
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Is Your Mortgage Safe? Essential Tips Every Homebuyer Needs to Avoid Mortgage Fraud Disaster
Mortgage scams are increasingly sophisticated, targeting homeowners, especially first-time buyers. Common scams include wire fraud, deceptive refinancing offers, and schemes that exploit home equity. To protect yourself, research lenders, stick to a budget, get everything in writing, and be cautious of unsolicited offers. Always read contracts thoroughly, monitor your credit report, and seek professional advice.…
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Oshawa home prices climb 0.5 per cent to $730,988 in November 2025
In November 2025, Oshawa's average home price was $730,988, up 0.5% from October but down 4.5% year-over-year. Sales dropped 14.1%, while active listings rose 10.8%. Detached homes averaged $793,130, semi-detached $647,633, attached $687,350, townhouse condos $532,083, and apartment condos $360,643. Compared to 2015, prices have more than doubled across all home types. Continue to full…
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How to transition from renting to owning a home in Canada
Transitioning from renting to homeownership requires careful preparation of credit, finances, and savings. Key steps include determining how much house you can afford, saving for a down payment using tools like the First Home Savings Account and Home Buyers' Plan, and improving your credit score. Job stability and income reliability are crucial for mortgage approval.…
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Mortgage Questions Every Canadian Should Ask | Get Your Mortgage for a LilLez!
Understanding mortgage type, rate, and term helps avoid renewal shocks, penalties, and costly long-term financial commitments. Clarify amortization period, down payment, and insurance requirements to balance affordability with total interest and borrowing costs. Account for all closing costs, fees, and taxes upfront to prevent last-minute financial strain during home purchase. Learn about prepayment options, penalties,…
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Happy Holidays | Get Your Mortgage for a LilLez!
The middle of winter has long been a time of celebration around the world. Many peoples rejoiced during the winter solstice, when the worst of the winter was behind them, and they could look forward to longer days and extended hours of sunlight.Popular modern customs include gift-giving and the display of various holiday decorations.Here's wishing…
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ڈیولپمنٹ چارجز: کینیڈین ہاؤسنگ میں نئے حل
CMHC کے نئے اعداد و شمار سے ظاہر ہوتا ہے کہ میونسپل ڈیولپمنٹ چارجز نئے گھروں کی قیمتوں پر نمایاں اثر ڈالتے ہیں، جو کینیڈا کے مختلف شہروں میں مختلف ہیں۔ اونٹاریو میں یہ فیسیں کنڈو کی قیمت میں 8 سے 16 فیصد اور سنگل ڈیٹیچڈ گھروں میں 9 فیصد تک اضافہ کر سکتی ہیں۔…
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Steady Rates Until 2027: Buyers Eye Year-End Market? | Get Your Mortgage for a LilLez!
Slide 1 “BoC holds rates steady, signalling calm until 2027.” Slide 2 “Inflation stays on target, economy grows 2.6%, resilient despite U.S. tariffs.” Slide 3 “Home prices fell 3.2% in 2025, but modest 1.8% growth expected 2026.” Slide 4 “First-time buyers finally see improved affordability thanks to rate cuts and moderation.” Slide 5 “Stable rates,…
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8 Strategies to Secure a Lower Mortgage Rate
Interest rates in Canada have surged due to the Bank of Canada's inflation control measures, impacting 59% of Canadians. The rise in variable rate mortgages, which are linked to the prime rate, has made homeowners vulnerable to these increases. To improve mortgage prospects, potential buyers should consider strategies such as raising their credit score, maintaining…
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Canada’s 2026 Market Turns a Corner | Get Your Mortgage for a LilLez!
Home sales are expected to rise in 2026 as stronger buyer demand and expanding inventory signal a shift toward a more active market. More Canadians plan to purchase homes next year, with first-time buyers driving momentum as confidence and affordability expectations improve. Growing listings—especially in major provinces—are helping markets move toward balance, giving buyers more…
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