An Independent Mortgage Broker
After a sluggish end to 2023 and a hopeful start to 2024, Canada’s housing market was showing signs of life—until it wasn’t. Fast forward to early 2025: home sales fell nearly 10% in just one month, the steepest drop in years. In Toronto alone, sales plummeted a staggering 30%.
But here’s the twist: this isn’t bad news for everyone.
For investors with a keen eye and steady nerves, this dip is actually a golden opportunity.
Let’s talk about a little-known mortgage move that could save you thousands—without you needing to cough up a penalty fee out of pocket.
If your mortgage term is coming to an end (and you’re one of millions of Canadians in that boat), you’re probably laser-focused on locking in a great rate. But while most folks automatically think about renewing, there’s another option that could seriously shift your financial game: refinancing. Let’s break it down in a way that actually makes sense—and helps you decide which move works best for you.
Let’s be honest—2020 was a dream for homebuyers. Prices were lower, and mortgage rates hovered around 2.84%. But if you didn’t take the plunge, you’re not alone. Plenty of people held off, waiting for that so-called “perfect” moment.
Fast forward to today: prices have climbed, interest rates have bounced around, and some buyers are still on the sidelines. But here’s the deal—there’s no such thing as a perfect time to buy. There’s only the right time for you.
If you own a home, are thinking about buying or selling a home, or have a mortgage renewal coming up, today’s episode is here to help you make the best financial decisions in this changing market. Ultimately my goal is to save you some money when it comes to all this, or at least make things less stressful for you.
When shopping for a mortgage, most people focus on one thing—getting the lowest interest rate. Makes sense, right? But what if life throws you a curveball and you need to break your mortgage early? That “great” low rate could end up costing you big time if the penalties are steep.
In this conversation, I share my journey with host Robin Speziale of paying off my mortgage in just over three years and discusses various strategies for home buyers in Canada. I highlight the importance of understanding mortgage types, the current challenges in the real estate market, and the role of mortgage brokers compared to banks.
In my interview with Jelani, we explore a range of timely topics in the real estate world, including current opportunities for investors, the potential of garden suites and fourplexes, and the implications of the increased price cap for insured mortgages, which has risen from $1 million to $1.5 million. We also discuss valuable advice for first-time homebuyers and those navigating buying and selling in today’s real estate market, as well as insights into the current state of the rental market.
In my interview with Anthony, we dive into the current state of the rental market, share pro tips for effective tenant screening, explore not-so-obvious advice from an experienced landlord, and discuss the pros and cons of investing in student rental properties.
In my interview with Lesley-Anne, we discuss what LA is writing about right now, considerations when upsizing houses, what are people doing with their careers to afford houses and what are the money hacks to own a home sooner.
