Mindblown: a blog about philosophy.
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How Tariffs Quietly Rewired Canada’s 2026 Housing | Get Your Mortgage for a LilLez!
Slide 1 Canadians are slowly normalizing volatility, accepting 2026 will still feel economically stormy. Slide 2 Rate cuts totaling 275 basis points finally pull cautious buyers back to testing the market. Slide 3 Rising listings and softer prices give 2026 buyers rare choice, but tariff-hit workers hesitate. Slide 4 Stronger late-year economic data hints housing…
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How Portable Mortgages Actually Work | Get Your Mortgage for a LilLez!
Portable mortgages let homeowners transfer an existing low-rate loan to a newly purchased property. When upgrading to a pricier home, borrowers must cover cost differences with cash or higher-rate loans. The U.S. lacks portable mortgages due to long loan terms and reliance on mortgage-backed securities. Portability works abroad because shorter mortgage terms reduce risk of…
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5 Ways to Lower Your Mortgage Payments Over Time
Owning a home is a significant achievement, but managing mortgage payments can be challenging. To ease financial strain, homeowners can consider refinancing for lower interest rates, extending loan terms for smaller payments, and eliminating Private Mortgage Insurance (PMI) once 20% equity is reached. Additionally, appealing property tax assessments and investing in energy-efficient upgrades can reduce…
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Oshawa Homes Now More Affordable at $727,481 in October
In October 2025, Oshawa's average home price was $727,481, down 1.8% from September and 6.1% from last year. Sales dropped 24.7% with 177 homes sold, while active listings rose 9% to 681. Detached, semi-detached, and attached houses saw price declines, while townhouse-style and apartment-style condos increased. Since 2015, average prices have more than doubled across…
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Are Mortgage Delinquencies About to Surge? | Get Your Mortgage for a LilLez!
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…
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Tips for Finding the Ideal Mortgage Lender | Get Your Mortgage for a LilLez!
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.
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How Is Durham Region’s Market Performing This Fall? | Get Your Mortgage for a LilLez!
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…
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Will Canada Cut Rates Again? | Get Your Mortgage for a LilLez!
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,…
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Ontario Launches Full C$80,000 HST Rebate for First-Time Homebuyers on Homes Up to $1 Million
Ontario has introduced a full C$80,000 HST rebate for first-time homebuyers purchasing newly built homes up to $1 million. This initiative aims to improve affordability by reducing upfront costs, helping buyers allocate funds toward down payments and mortgage stability. The rebate supports long-term homeownership and complements other federal and provincial programs, encouraging greater participation in…
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Does a Bigger Down Payment Pay Off? | Get Your Mortgage for a LilLez!
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.…
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