Category: Market news

Falling behind on mortgage payments can happen quickly, especially when renewals come up at higher rates and everyday costs rise. If a mortgage goes into default, lenders have legal options to recover what they’re owed. Two terms you’ll hear most often are power of sale and foreclosure. They’re related, but they’re not the same—and the… Continue reading Power of sale vs. foreclosure in Canada: What’s the difference and what homeowners can do

With mortgage rates shifting after recent Bank of Canada cuts, some homeowners are tempted to break their current mortgage to lock in a lower rate. The catch: ending a mortgage early usually triggers a prepayment penalty. In many cases, the penalty can erase the savings you hoped to get. Why lenders charge a penalty A… Continue reading Breaking a Variable vs. Fixed Mortgage in Canada: What Penalties to Expect

Real estate headlines often boil down to one question: are we in a buyer’s market or a seller’s market? The answer matters because it affects pricing, negotiating power, how long homes take to sell, and what kind of offers succeed. Knowing which way your local market is leaning helps you plan your next move with… Continue reading Understanding a Buyer’s vs a Seller’s Market

March brought a notable shift in the Greater Toronto Area resale market: sales increased from last year, new listings dropped, and selling prices were lower than a year ago. According to TRREB, that combination tightened market conditions compared to March 2025, while still giving buyers meaningful negotiating leverage heading into the spring season. What TRREB… Continue reading GTA March 2026: Home Sales Rose, Listings Fell, and Prices Stayed Softer

Home sales across the Greater Toronto Area declined in February, along with new listings and selling prices, as many potential buyers remain on the sidelines waiting for clearer signals that the market has reached its lowest point.