Mindblown: a blog about philosophy.

Slide 1 🏦 BoC signals housing demand now directly affects inflation decisions. Slide 2 📉 BoC stresses 2% inflation target; housing now central to monetary policy decisions. Slide 3 ⚖️ Monetary policy shapes demand, while housing supply remains government’s responsibility. Slide 4 📈 Past rate cuts drove a 40% national housing surge. Slide 5 🔍…

A mortgage term is the period your lender contract lasts before renegotiation. Long-term mortgages (4–10 years) offer stability but cost more in higher interest premiums. Short-term mortgages (1–3 years) provide flexibility, lower rates, and easier refinancing opportunities. Choose long-term if income changes, limited savings, or rental property expenses require predictable payments. Short-term fits sellers, borrowers…

Toronto just made sixplexes way cheaper to build — no more development charges! That means savings of up to $80K per unit for builders.

Toronto invests $245M to create over 10,800 new homes citywide!” “3,200+ rental homes funded, including 963 deeply affordable and supportive units.” “Interest-free loans plus 1,000+ property tax breaks make homes more affordable long-term.” “230+ housing projects underway, delivering 9,500+ homes, 70% affordable or rent-controlled.” “City is using public land and new partnerships to accelerate housing…

Home equity grows as mortgage decreases and property values rise, creating financial opportunities. Equity can fund renovations, basement suites, or down payments without dipping into savings. Renting secondary units in cities like Toronto or Vancouver increases monthly cash flow and property value. HELOC or home equity loans provide low-interest access to capital for investments or…

Slide 1 💡 Shopping for mortgages won’t ruin your credit—if done within 14–45 days properly. Slide 2 📊 Credit scoring models group multiple mortgage inquiries into one single check during that window. Slide 3 💰 Even a small rate difference can save thousands over your mortgage’s lifetime. Slide 4 🏠 Comparing offers helps you lower…