Mortgages are unique, each and every one of them! At any point in time, the real estate is different, the borrower's wages are higher or lower, expenses change. Each application for a mortgage loan is reviewed individually by a lender's underwriter who checks off policy boxes. Mortgage brokers work with many lenders daily, learning about their policy and rates. It's important to have options that not only match your financial goals, but a mortgage that fits your life and builds your equity. Informed choices. Choices that put you in control of your equity. There are lots of mortgage lenders, with different policies and promotions.. a mortgage broker can help match the right product, the policy, the property with the financial ability of the homeowner!
BMO Survey: Rising Cost of Living is Affecting Dating
On average, the cost of finding love can add up to $3,621
One third of couples say spending is a source of conflict in the relationship
A special Valentines Day report from the BMO Real Financial Progress Index reveals 56% of Canadians say the rising cost of living is affecting dating, with many going on fewer dates and/or planning less expensive dating activities.
The survey explores how concerns about the economy and personal finances have affected approaches to dating and relationships and found 42% of single Canadians admitted to adjusting their plans for a date for financial reasons. Nearly a third (30%) of single Canadians have cancelled a date to save money.
Canadians on average spend $173 for each date, including the cost for transportation, preparation such as grooming and attire, and expenses such as food, beverages and tickets. On average, partnered Canadians have gone on 10 to 21 dates before committing to a relationship, suggesting Canadians could spend up to $3,621 on dates before making a relationship official.
https://newsroom.bmo.com/2025-02-06-BMO-Survey-Rising-Cost-of-Living-is-Affecting-Dating
CMHC : High housing costs making it harder to move for jobs many are seeking
From CMHC
High housing costs burden Canadians in many ways. Here, we concentrate on how these costs discourage Canadians from moving to better places to live and to the cities where they would like to work. Improving affordability will hence boost the productivity of Canadas economy.
When choosing where to live and work, Canadians not only look at the wage increase they might get. They must be realistic about housing costs if they have to move to a new location. And they may give up on opportunities given by a new job that improves their skills and knowledge and hence the productivity of the country if they cant afford to cover the cost of housing after moving.
Similarly, employers must pay more to attract highly skilled workers to their locations to cover those workers higher cost of living. This raises costs and lowers productivity.
Changes in housing affordability across the country lead to knock-on changes for other cities. For example, our modelling suggests that were Toronto to double its housing starts over the next decade to address its own affordability challenges but without policy changes its population would be 3% greater than currently projected. Others, mostly from the rest of Ontario, would be attracted there.
More generally, we find that a 1% increase in house prices in the destination city will make it less attractive and will lead to a decline in the number of people moving there of a little more than 1%. Cities need to understand the impacts of house prices across the country when planning for their own growth.
https://www.cmhc-schl.gc.ca/blog/2025/high-housing-costs-making-harder-move-jobs-many-seeking
CMHC 2025 Housing Market Outlook
From CMHC
Highlights
Foreign trade risks and immigration changes add significant uncertainty to the outlook. We expect economic activity to be modest in 2025, picking up in 2026 and 2027.
Housing starts will slow down from 2025 to 2027 mainly due to fewer condominium apartments being built but total starts will remain above their 10-year average. Rental apartment construction will remain high but may slow in 2027 as demand eases. Ground-oriented homes (detached, semi-detached, row homes) may recover slightly, especially in more affordable options like row houses.
We expect housing sales and prices to rebound as lower mortgage rates and changes to mortgage rules unlock pent-up demand in the short term. In the longer term, stronger economic fundamentals will support this rebound. The recovery will be uneven, with slower progress in less affordable regions and in the condominium apartment market.
Rental markets are expected to ease with higher vacancy rates slowing rent growth. Renter affordability will improve gradually, with more noticeable changes happening later in the forecast period.
https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook?utm_medium=emailutm_source=email-e-blastutm_campaign=2025-01-housing_market_outlook_2025