Did you know? 🇨🇦 Canada has the longest coastline in the world — stretching over 243,000 km! That’s enough to wrap around the Earth six times. 🌍 But here’s the even cooler part: despite its massive size, Canada is known around the world not for its power, but for its kindness. In fact, in global surveys, Canada consistently ranks as one of the most welcoming countries for immigrants — where over 1 in 5 Canadians is an immigrant, and over 250 ethnic origins are represented.

In other words: Canada isn't just big in land... it's big in heart. ❤️🇨🇦

Happy Canada Day! 

Our visit to the Parkwood National Historic Site in Oshawa was nothing short of magical — a perfect summer day spent with family, surrounded by history, gardens, and laughter. Under the bright red umbrellas and blue skies, we shared a beautiful outdoor meal, enjoying fresh food and even fresher company. The elegant charm of Parkwood’s estate made us feel like we were in a different era, where every corner had a story and every bite tasted better because we were together. It was a gentle reminder of how precious family time is, and how lucky we are to create memories like this in such a beautiful corner of Canada.

🏡 Good News for Buyers: Affordability Is Slowly Improving.

Lower Interest Rates Are Helping—But What Does It Mean for You?

If you've been thinking about buying your first home—or upgrading to a bigger one—there’s a bit of encouraging news on the horizon. Canada’s housing affordability is finally improving. Thanks to lower interest rates, steady income growth, and a slight dip in home prices, RBC’s national affordability measure dropped to 55.1% in Q1 2025 from 60.7% a year ago. That’s a noticeable step in the right direction—but we're not out of the woods yet. Homeownership costs are still well above pre-pandemic levels, and while we’ve seen five straight quarters of improvement, only about a third of the affordability lost during the market peak has been recovered.

Here’s what that means for you:

✅ If you're a first-time buyer – lower rates may help stretch your budget further.

✅ If you're looking to upgrade – your current home's equity combined with easing prices could make that dream move more realistic.

Toronto and Vancouver saw the biggest affordability gains recently, but they’re still Canada’s most expensive markets. Some cities like Montreal and Victoria actually saw costs increase, so every local market tells a different story.

What’s next?

If interest rates continue to drop—and home prices stabilize—conditions could become even more buyer-friendly in the months ahead. Whether now is the right time to act depends on your personal situation and goals.

If you’re wondering how this impacts your options, I’d be happy to chat and break it down for your specific needs.

Let’s explore what’s possible! Contact me.

Source: https://www.rbc.com/en/thought-leadership/economics/canadianhousing/housing-affordability/owning-a-home-in-canada-is-the-most-affordable-its-been-in-three-years/

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LOWEST MORTGAGE RATES:

VARIABLE: 5 YR HIGH RATIO P‐.91%

5 YR CONVENTIONAL P‐0.71%

FIXED 1 YR: 4.99%

FIXED 2 YRS: 4.54%

FIXED 3 YRS: 4.09%

FIXED 4 YRS: 4.09%

FIXED 5 YRS: 3.99% (High Ratio) ⬅ LOW RATE, LOW MONTHLY PAYMENTS!

FIXED 5 YRS: 4.09% (Conventional)

We have access to Great RATES! Working with A, B & C lenders! We deal with refinances/debt consolidation mortgages since 2008. Call me at 416-670-8598! Even if your bank says no, we can help you explore other options & help you find a solution.

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