Category: Uncategorized
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What are the penalties for breaking a variable mortgage versus a fixed one?
Breaking a mortgage results in a prepayment penalty, which differs for fixed and variable mortgages. Variable-rate mortgage penalties are usually three months' interest, while fixed-rate penalties involve a more complex interest rate differential calculation. To reduce penalties, consider options like porting your mortgage, waiting until the term ends, maximizing prepayments, and comparing market rates. Always…
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First-Time Homebuyer Tips: Here’s What You Need to Know
First-time homebuyers should prepare by budgeting for mortgage, taxes, insurance, and maintenance. Getting pre-approved for a mortgage clarifies affordability. Research local markets and factor in closing costs. Consider home inspections to avoid surprises. Decide between buying resale or building new, weighing costs and energy efficiency. Plan for future needs, resale value, and ongoing maintenance. Take…
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Major Shakeup in Canadian Housing Starts: Toronto’s Decline and Calgary’s Rise
Toronto's housing starts dropped 47% in 2025, losing its lead to Calgary, which recorded 18,632 starts from January to August. Montreal, Ottawa-Gatineau, and Edmonton also saw increases, while Vancouver remained flat. Federal and provincial initiatives aim to ease housing shortages, but economic challenges and trade uncertainties affect demand in Ontario. Alberta's energy trade with the…
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Toronto Market Momentum Builds With 8.5% Sales Growth | MrHunter.ca
5,592 homes sold in September, ↑8.5% YoY; avg. price ↓4.7% to $1,059,377. Composite benchmark price ↓5.5% YoY; avg. price ↑0.2% MoM from August. New listings ↑3.9% YoY to 19,260; active listings ↑18.9% YoY to 29,394. Semi-detached sales ↑11%, detached ↑9.6%, condos ↑7.2%, townhouses ↑4.4% YoY. TRREB: More rate cuts could further boost sales and align…
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Toronto: Sales Hit Eight-Month High | MrHunter.ca
Greater Toronto Area (GTA) home sales reached 5,765 in September, the strongest monthly level since January 2025. Home Price Index fell by 0.5% month-over-month, average price now ~C$971,500. Year-over-year: sales up ~8.5%, prices down ~5.5%. New listings increased by 4% YoY, adding supply. Market hopes rest on further interest rate cuts to sustain momentum.
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Unlock Toronto’s Best First-Time Buyer Tips with Jarrett Hunter
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What’s Next for Toronto Housing Heading Into 2026? | MrHunter.ca
Toronto’s housing market is forecasted to see prices fall by 4% and sales decline by 5% by year-end 2025. The region remains a buyer’s market, though affordability is improving as rates ease and prices adjust. Sellers are lowering expectations, while first-time buyers return with family support. Economic uncertainty continues to weigh on consumer confidence, keeping…
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How a Mortgage Broker Can Help You Get the Best Loan Rate
Mortgage brokers act as personal mortgage shoppers, connecting you with multiple lenders to find the best rates and terms. Even a small interest rate reduction can save thousands over a loan’s life. Brokers use their lender networks, negotiation skills, and market knowledge to secure better deals tailored to your financial situation. Their independence ensures unbiased…
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How to Choose the Right Mortgage Lender?
Buying a home in Canada can be challenging, especially when selecting a mortgage lender. Start by assessing your financial situation and comparing interest rates from various lenders to save money. Negotiate fees and consider consulting an experienced mortgage broker for guidance. Ensure clear communication with your lender and avoid prepayment penalties. Seek referrals from friends…
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Toronto: 2026 Recovery Building After Fall Correction | MrHunter.ca
Toronto’s home prices continued to soften this fall as buyers gained leverage from rising supply and muted bidding. Market fundamentals remain intact, supported by robust immigration and tight rental conditions. Investor activity is gradually reemerging in entry-level segments. Forecast: Mild price appreciation through 2026 as confidence and transaction volumes steadily return.