Beaver Mortgage and Financial Group Inc. is a licensed mortgage brokerage comprised of a large team of highly trained mortgage brokers and agents, with extensive knowledge and exposure to the Canadian Mortgage Market for over 15 years. Licenced and located in ON and BC, We Serve all Over Canada through our National Hub system.
Beaver Mortgage and Financial Group Inc. was established to provide customised and Need Based Solution specific to the client. We understand, not all requirements are same either from the Borrower AND/OR Lender and hence the solution and service also needs to be specific to the needs.
With Extensive backgrounds in Banking, Financial Consulting, Real Estate, and other related fields, our mortgage brokers and agents will not only take the time to arrange a mortgage for however will also ensure that the financing we arrange is best suited to your individual needs.
Our service to you is FREE as a qualified borrower*, and we collaborate with you right from the time we first meet to arrange a pre-approval, up until the closing day of your mortgage and through the term of the mortgage.
Our mortgage brokers are compensated by the lender that we close your mortgage with.
By dealing with us at Beaver Mortgage and Financial Group Inc., we help you save on two of your most valuable commodities in today's fast paced environment: TIME and MONEY. The best part about all of this is we do all the work for you during the entire process.
We have access to over 40 different lenders, including the banks, trust companies, insurance companies, self-insured lenders, and many more. This leverage allows us to negotiate for the BEST mortgage product and mortgage rate for you. In many cases, we end up negotiating a better mortgage for you with your own primary financial institution, no cost to you.
For more information on our services, and how we can help you find the BEST mortgage solution please contact us at 905.864.8494, or email: info@beavermortgages.ca
*On approved credit only, (OAC), and qualified lenders. Fees may apply in some circumstances on unqualified transactions.
BMO Survey: Summer Travel Spending Heats Up Despite Economic Concerns
A special report from the BMO Real Financial Progress Index reveals concerns about the cost of living and economic uncertainty have not cooled Canadians summer travel plans, with 62% planning on spending the same amount or more on vacations and travel this summer compared to 2024. Nearly four in five Canadians (77%) plan on travelling this summer, with an average budget of $3,825, which includes the cost of flights, hotels and accommodations, rentals, gas and food.
The survey examined how Canadians are preparing for their summer vacation plans and found:
59% are opting to travel within Canada to save money.
More than half (55%) have altered their vacation plans due to rising costs and inflation.
46% have reduced their spending throughout the year to afford their summer vacation plans.
Nearly a third (32%) admit to compromising their long-term savings to afford travel plans.
The BMO Real Financial Progress Index also explores Canadians summer spending plans and forecasts:
Warming up for wedding season: 34% plan on spending the same amount or more on weddings for family and friends this summer compared to last year. Over half (54%) do not plan on spending on weddings for family and friends this summer.
Storm of celebrations and steady spending: Two in five (39%) plan on spending the same amount or more on special events, including graduations and showers this summer than they did in 2024. Less than half (48%) do not have plans to spend on special events this summer.
Family activity budgets feel the heat: 29% will spend the same amount or more on summer camps and childcare compared to 2024. 61% have no plans to spend on summer camps and childcare this year.
Sawdust and sunshine: 42% will spend the same amount or more on home renovations. 44% do not have home renovation plans during the summer.
Sunny with a chance of splurging: Nearly a third (30%) plan on spending the same amount or more for a large purchase including a home, a car, a boat, etc. 57% do not plan on making a large purchase this summer.
https://about.bmo.com/bmo-survey-summer-travel-spending-heats-up-despite-economic-concerns/
NBC Housing Market Monitor: Residential market improved for the 3rd consecutive month in June
Summary
Home sales increased by 2.8% from May to June at the national level, a third advance following four monthly contractions.
On the supply side, new listings decreased by 2.9% from May to June.
Active listings remained on their upward trend for a sixth month in a row, increasing by 0.6% in June despite still elevated cancelled listings. Overall, the number of months of inventory (active listings-to-sales) edged down for the second month in a row from 4.8 in May to 4.7 in June.
Market conditions tightened marginally during the month but remained balanced compared to the historical average. The balanced market conditions at the national level largely reflect particularly soft conditions in Ontario and B.C., while markets in all other provinces continue to favour sellers.
Housing starts remained roughly stable for a second month in a row (+1.0K) in June at 283.7K (seasonally adjusted and annualized), a print well above the median economist forecast calling for 262.5K units. Starts in both urban (+0.8K to 261.7K) and rural (+0.3K to 22.0K) areas were roughly flat during the month. In urban centres, both starts in the multi-unit (+0.4K to 219.0K) and single-detached segments (+0.3K to 42.7K) were flat as well.
The TeranetNational Bank Composite National House Price Index declined by 0.5% from May to June after seasonal adjustment. Six of the 11 CMAs included in the index saw declines: Ottawa-Gatineau (-1.2%), Calgary (-1.0%), Hamilton (-0.9%), Toronto (-0.8%), Vancouver (-0.8%), and Victoria (-0.5%). In contrast, prices rose in Halifax (+2.0%), Winnipeg (+1.6%), Edmonton (+1.6%), Quebec City (+0.5%), and Montreal (+0.3%).
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf
CREA: Canadian Home Sales Up Again in June, National Prices Holding Steady
The number of home sales recorded over Canadian MLS Systems rose 2.8% on a month-over-month basis in June 2025, building on the 3.5% gain recorded in May.
Over the past two months, the recovery in sales activity was led overwhelmingly by the Greater Toronto Area (GTA), where transactions, while remaining historically low, have rebounded a cumulative 17.3% since April.
At the national level, June was pretty close to a carbon copy of May, with sales up about 3% on a month-over-month basis and prices once again holding steady, said Shaun Cathcart, CREAs Senior Economist. Its another month of data suggesting the anticipated rebound in Canadian housing markets may have only been delayed by a few months, following a chaotic start to the year; although with the latest 35% tariff threat, were not out of the woods yet.
June Highlights:
National home sales were up 2.8% month-over-month.
Actual (not seasonally adjusted) monthly activity came in 3.5% above June 2024.
The number of newly listed properties fell 2.9% on a month-over-month basis.
The MLS Home Price Index (HPI) was almost unchanged (-0.2%) month-over-month and was down 3.7% on a year-over-year basis.
The actual (not seasonally adjusted) national average sale price was down 1.3% on a year-over-year basis.
https://www.crea.ca/media-hub/news/canadian-home-sales-up-again-in-june-national-prices-holding-steady/
