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Mortgage, Real Estate & Economic Updates

GTA Housing Market Tightens: June Sales Up 9.4%

With average prices settling at $1,058,658 and dropping inventory, stabilizing benchmark trends and steady buyer demand indicate that the GTA housing market is finding a floor for the second half of the year.
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Bank of Canada Divided on Rate and Economic Outlook

Bank of Canada holds its policy rate at 2.25%, while Governing Council members differ on the economic recovery, inflation risks and what may come next for mortgage borrowers in Canada.
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CMHC Summer 2026 Outlook: Ontario & GTA Housing Market

CMHC expects Ontario’s housing market to remain weak through 2026, with fewer sales, lower prices and reduced housing starts. A gradual recovery could begin in 2027, creating better opportunities for GTA buyers.
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Mortgage Broker Use Reaches Five-Year High

Mortgage broker use reached a five-year high in 2025. The survey found that 38% of recent Canadian homebuyers used a broker, rising to 48% among first-time buyers. Competitive rates, multiple quotes and professional guidance were the leading reasons.
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CHIP Reverse Mortgage: Enjoy More Financial Freedom in Retirement

Watch this short HomeEquity Bank video about how a CHIP Reverse Mortgage may help Canadian homeowners aged 55+ access home equity. Call Maurice to discuss whether it may suit your retirement plans.
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