The July 2026 MNP Consumer Debt Index reports that 61% of Canadians have at least half of their income committed to bills and debt before
The sales-to-new-listings ratio is a percentage that shows whether Canadian home sales are keeping pace with new listings. Above 60 percent tilts toward sellers, below
Toronto home sales rose 9.4% year-over-year in June 2026 while new listings fell 12.9%, marking the fourth straight month of sales gains and a tightening
A mortgage shortfall at closing means the lender is willing to fund less than you need to complete the purchase, usually because the appraisal came
Yes — you can often still get a mortgage in Canada even when the appraisal comes in below the purchase price, but the deal usually
This article is for informational purposes only and does not constitute financial advice. Rate figures reflect best advertised rates as of the week of July
Last Updated: July 2026 Short answer: Whether to wait depends on your finances, not on the market. Elevated borrowing costs, home prices that still feel
Last updated: July 2026 Quick Answer In the second half of 2026, the Bank of Canada is expected to hold its overnight policy rate at
Disclaimer. This article is for informational purposes only and does not constitute financial advice. Speak with a licensed mortgage professional before making any mortgage decisions.
Closing costs in Canada typically run between 1.5% and 4% of the purchase price, on top of the down payment. The main line items are
A mortgage discharge is the legal step that removes a lender's claim from a property's title once the mortgage is paid off. It happens in
The Home Buyers' Amount is a federal non-refundable tax credit worth up to $1,500 for eligible first-time home buyers. Claim it by entering $10,000 on
