9 Jan

Toronto Housing Market Ends 2025 With Declines in Prices and Sales: What It Means for Buyers in 2026

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Posted by: Ash Khan

The Toronto housing market closed out 2025 on a softer note, with declines in both home prices and sales activity. After years of volatility, high interest rates, and economic uncertainty, buyer confidence remained muted through the end of the year, even as borrowing costs eased slightly and inventory improved.

So what does this actually mean if you’re buying, selling, or planning your next move in 2026? Let’s break it down.

A Slower Finish to 2025 for Toronto Real Estate
According to recent market data, Toronto home sales dipped again in December, while benchmark prices also edged lower. This capped off a year where buyer activity stayed cautious and many households delayed major financial decisions.

Key takeaways from the end of 2025:
Monthly home sales slipped slightly compared to November
* Benchmark home prices declined modestly month over month
* Annual sales were down significantly compared to 2024
* Prices finished the year lower overall, continuing a gradual downward trend
Despite lower interest rates compared to early 2024 and more listings available, buyers did not return to the market in large numbers.

Why Buyers Stayed on the Sidelines
The biggest factor holding buyers back wasn’t just mortgage rates — it was economic uncertainty.

Several pressures continued to weigh on confidence:
* Ongoing global and cross-border trade tensions
* Concerns about job stability and long-term income security
* Rising everyday living costs
* Hesitation to commit to large mortgages, even in a more affordable market
For many households, affordability improved on paper, but confidence didn’t fully return.

Inventory Is Rising — And That Matters in 2026
One important shift heading into 2026 is higher inventory levels. New listings increased toward the end of 2025, giving buyers more choice and more negotiating power.
This is a meaningful change from the ultra-competitive seller markets of previous years.

For buyers, this means:
* Less pressure to rush decisions
* More room to negotiate price and conditions
* Greater opportunity to align purchase timing with proper mortgage planning

For sellers, it means:
* Pricing strategy matters more than ever
* Overpriced homes are sitting longer
* Buyers are cautious and well-informed

What This Market Means for Buyers in 2026
If you’re thinking about buying in Toronto in 2026, this market may actually work in your favour — but only if you’re prepared.

Here’s what smart buyers are doing right now:
* Getting pre-approved before house hunting
* Stress-testing their budget against future rate changes
* Locking in flexible mortgage options
* Using improved inventory to negotiate confidently
This is no longer a market where guessing works. Planning first can save tens of thousands of dollars.

What Sellers Need to Understand Going Forward
For homeowners considering selling, 2026 will reward realistic pricing and strong preparation.

Buyers today:
* Are payment-focused, not just price-focused
* Compare multiple properties before making offers
* Expect value, not urgency
Working with the right real estate and mortgage strategy can help sellers position their homes correctly — and avoid extended time on market.

Confidence Will Drive the Next Move
One key insight from recent market commentary is this:
Home sales won’t meaningfully rebound until households feel confident about employment and income stability.
As economic conditions stabilize and confidence improves, buyer activity is expected to return — but not overnight.
This creates a window in early 2026 where prepared buyers may benefit the most.

Final Thoughts: Strategy Matters More Than Timing
The Toronto housing market ending 2025 with lower prices and sales doesn’t signal collapse — it signals transition.

For buyers:
* Opportunity exists, but only with proper mortgage planning

For sellers:
* Strategy and pricing are critical

For homeowners:
* Reviewing your mortgage options now could protect you from future rate changes

If you’re unsure how this market affects your specific situation, that’s where guidance matters most.

Thinking about buying, selling, or refinancing in 2026?
A quick mortgage check-in today can help you plan with clarity — not guesswork.

Written with insight by Ash Khan, Mortgage Broker.

9 Dec

Bank of Canada Could Hike Rates by Late 2026 After Strong Jobs Surprise

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Posted by: Ash Khan

Canada’s economic outlook took a surprising turn as stronger-than-expected labour market data shifted market expectations for the Bank of Canada’s next interest rate move.
According to recent market analysis, the BoC may raise rates by late 2026, reversing earlier expectations of continued monetary easing.

For homebuyers, homeowners, and investors, understanding this shift is crucial because interest rate decisions directly influence affordability, mortgage qualification, and long-term financial planning.

Here’s what the latest forecast means for you.

1. Strong Job Growth Signals a Delayed Rate Cut Cycle
The Canadian labour market continues to outperform expectations, even with global economic pressures and U.S. tariffs.
This unexpected strength is sending a clear message to the Bank of Canada:

➡️ The economy may not need further monetary easing
➡️ Rate cuts may be paused longer than expected
➡️ A rate hike in late 2026 is now increasingly likely

With employment strong and wage growth steady, the BoC may feel pressure to tighten policy again to prevent inflation from reigniting.

2. What This Means for Mortgage Rates
If the Bank of Canada raises rates in 2026:
* Variable mortgage rates could increase
* HELOC rates would rise
* New buyers may face higher borrowing costs
* Renewals in 2026–2027 could become more expensive
However, the short-term outlook remains stable.
The anticipated rate hike is not immediate, giving borrowers time to prepare and plan strategically.

3. Impact on Homebuyers
For first-time and move-up buyers, this forecast highlights one important point:
The current window may be more favourable than the future.
Here’s why:
✔ Inventory is rising
✔ Sellers are becoming more flexible
✔ Borrowing conditions remain stable for now
✔ Buyers have more negotiation power
Waiting for a perfect market may cost more if rates rise in 2026.

4. Impact on Homeowners: Renewals & Refinancing
If you have a mortgage renewal coming in 2025–2027, a potential rate hike in 2026 matters.
You may want to explore:
* Early renewals
* Fixed vs. variable strategy adjustments
* Refinancing to secure today’s rates
* Debt consolidation before rates climb
* Planning ahead can protect your budget long-term.

5. Why Markets Are Predicting a Rate Hike
Financial markets adjust quickly to new data, and the key drivers behind this forecast include:
📌 Unexpected job strength
📌 Stable or rising wage growth
📌 Reduced need for monetary easing
📌 Resilient Canadian economic activity
With consumer demand holding steady, the BoC will be cautious about lowering rates too aggressively — and may eventually shift to tightening.

6. Should You Be Worried? Not Necessarily – But You Should Be Prepared
A potential rate hike in late 2026 isn’t a crisis indicator.
It’s simply a sign of a stronger-than-expected economy.

But for buyers and homeowners, it underlines the importance of:
* Planning early
* Understanding your affordability
* Exploring mortgage options
* Securing favourable terms before conditions tighten
* Smart preparation now can give you stability if rates rise later.

Final Thoughts: Strategy Matters More Than Timing
Market predictions will continue to shift, but what remains constant is the value of a personalized mortgage plan.
Whether you’re buying your first home, renewing soon, or considering refinancing, understanding rate outlooks helps you make confident, informed decisions.

Need guidance on your mortgage strategy?
I help buyers and homeowners navigate interest rate changes with clarity and confidence.
Let’s talk about the best plan for your situation.
📞 647-864-5236
📧 info@ashkhan.ca
🌐 www.ashkhan.ca

31 Oct

Big Six Banks Drop Prime Rate to 4.45%, What Canadian Borrowers Should Know

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Posted by: Ash Khan

In late October 2025, Canada’s six largest banks responded swiftly to the Bank of Canada’s latest rate reduction by lowering their prime rates by 25 basis points to 4.45%. This move marks a critical shift in borrowing conditions, particularly for Canadians with variable-rate mortgages or lines of credit. As a trusted mortgage broker in Mississauga and the Greater Toronto Area, I’m here to break down what this means for you, whether you’re looking to buy, refinance or renew.

What Happened: Rate Moves in Brief

  • The Bank of Canada cut its policy rate again, prompting the prime rate change.
  • Following this, Canada’s “Big Six” banks lowered their prime rates from approximately 4.70% to 4.45%.
  • The prime rate is the basis for many variable-rate products such as variable mortgage rates, home equity lines of credit (HELOCs) and some business loans.

Why It Matters for Canadians
1. Relief for Variable-Rate Borrowers
With the prime rate now at 4.45%, those on variable-rate mortgages or HELOCs may see lower borrowing costs. A drop in prime often translates to reduced interest payments.

2. A Strategic Moment for Renewal or Refinance
If your mortgage is up for renewal soon, this prime cut opens the door to evaluating whether sticking with variable, converting to fixed, or negotiating a new deal makes sense.

3. Fixed-Rate vs Variable: Re-evaluating Choices
Fixed-rate borrowers should still monitor bond yields (which influence fixed rates), but a lower prime makes the variable side more attractive.

4. Home Buyers and Affordability Impact
Lower prime rates can improve affordability for new buyers by reducing borrowing costs. For first-time home-buyers, this is significant.

5. Caution: Not an Automatic Pay Cut
Even though the prime is lower, banks might not pass on the full benefit immediately. Also, other factors like term length, credit profile, and amortization still matter.

What Should You Do Now?

  • Check your current mortgage type: Are you on a variable rate, or locked into a fixed term?
  • Review your upcoming renewal or interest-rate reset date.
  • Compare options: Talk to a mortgage broker (like me) who can access 230+ lenders, compare variable vs fixed rates, and check terms.
  • Calculate potential savings: Even small interest-rate changes can add up over a 20- or 25-year amortization.
  • Prepare your documents: If refinancing, you’ll need proof of income, credit check, details on your property, and loan balance.
  • Stay informed: Rate cuts often signal broader shifts in the economy, monitor inflation, employment and housing-market trends.

Why Work With a Mortgage Broker in This Climate

As a fully-licensed mortgage broker in the GTA, I bring you:

  • Access to dozens of lenders (not just the “Big Six”)
  • Expertise to interpret what this prime rate drop means for you
  • Tools to negotiate the best possible terms
  • Personalized service, whether you’re buying, renewing, or refinancing

In a time when the market is shifting, having the right guidance can make a meaningful difference in your mortgage outcome.

The decision by Canada’s big banks to lower their prime rate to 4.45% is good news, especially if you hold a variable-rate mortgage or are about to renew. But the real opportunity lies in taking action. Whether you’re buying your first home, renewing your existing mortgage, or refinancing to access equity, now is the time to get ahead.
Feel free to reach out, and let’s review your mortgage together.

18 Oct

Canada’s Big Banks Diverge on 2026 Rate Forecasts – What It Means for Mortgage Borrowers

General

Posted by: Ash Khan

As Canada navigates an evolving economic landscape, the outlook for interest rates and mortgage costs is anything but uniform. The country’s major financial institutions are sending divergent signals about the future of the Bank of Canada (BoC) policy rate – and this holds major implications for home buyers, mortgage holders and renewers alike. Let’s unpack what these forecasts mean for you, and how you can stay ahead in the mortgage game.

1. Diverging Forecasts from Canada’s Big Banks
According to a recent summary on interest-rate outlooks among the “Big 6” Canadian banks, there is no consensus on where the BoC will head in 2026.
* Some banks (such as Bank of Montreal – BMO) expect further rate cuts, potentially bringing the overnight rate closer to ~2.00 %.
* Others, such as Scotiabank, are more hawkish, projecting the rate might rise to ~2.75 % by the end of 2026.
* Mid-range estimates from banks like Royal Bank of Canada (RBC) or Toronto‑Dominion Bank (TD) suggest a hold around ~2.25 %.
Why the split? It comes down to differing assessments of inflation, labour-market strength, trade risks, and global monetary policy spill-overs.

2. Why Borrowers Should Care – Mortgage Impacts
The BoC policy rate doesn’t move in isolation. It drives the prime rate, influences variable-rate mortgages, and sets expectations for fixed-rate indices. Because of this:
* If the BoC cuts rates, variable-rate mortgage holders may see relief — lower payments, more flexibility.
* If the BoC instead holds or even raises rates, variable borrowers face rising costs, making timely renewals or refinancing decisions even more important.
* Fixed-rate products depend on bond yields and long-term inflation expectations; divergent bank forecasts signal those yields may not uniformly trend lower, limiting how much fixed rates may drop.
In short: your mortgage strategy must adapt to uncertainty.

3. What is an “Easing Cycle Nearing Its End”?
When analysts say the BoC’s easing (rate-cutting) cycle is approaching its finish line, they mean:
* Major cuts have already been delivered; many “low-hanging” relief moves are behind us.
* With inflation still lurking, and the labour market showing signs of deceleration, the central bank is less comfortable cutting aggressively.
* The divergence in forecasts signals that some banks believe we’ve hit (or are close to) the bottom, while others still see room for at least one more cut.
This uncertainty matters for home-buyers and renovators — though rates may not suddenly soar, neither can borrowers reliably count on big drops.

4. Actionable Steps for Mortgage Borrowers & Home Buyers
A. Review your renewal timeline.
If your mortgage term is up for renewal in the next 6-12 months, engage early. With uncertainty around whether rates will go down, staying proactive gives you more room to act.

B. Variable vs Fixed: Choose based on your comfort and the forecast split.
* If you lean variable: You may benefit from any further cuts, but face more risk if holding occurs.
* If you prefer fixed: Recognize your rate may not collapse, so locking a favourable rate now may make sense.

C. Keep an eye on inflation and labour-market signals.
When the BoC highlights a “soft” job market or sticky inflation (as it has lately) it hints at less room for cuts.

D. Consider partner guidance.
A qualified mortgage broker — like Ash Khan — can help interpret these shifting forecasts and align your financing strategy with your goals, whether you’re buying your first home, renewing, or upgrading.

5. The Take-Away: Be Strategic, Not Reactive
While headline rates might seem in flux, the smartest mortgage borrowers will treat this as an opportunity — not a time to wait passively. With big banks offering split futures and the BoC signalling caution, your best move is to stay informed, act early, and lean on expert advice.

By aligning your mortgage decisions with the bigger picture — and recognizing that the easing cycle might be wrapping up — you position yourself not just as a borrower, but as a strategic homeowner or investor. When you’re ready, reach out to Ash Khan to explore how today’s forecasts translate into your next move.

14 Oct

Why You Should Think Twice Before Letting a Bank Adviser Handle Your Mortgage

Latest News

Posted by: Ash Khan

When it comes to your mortgage, one of the largest financial commitments many Canadians make, choosing who manages your file matters enormously. A recent opinion in Canadian Mortgage Trends shares a cautionary tale: a couple had a strong mortgage file, pre-approved by a broker, but when they handed it over to a local bank branch adviser, it got declined.

In this post, we’ll explore why handing control to a bank adviser can be risky, how bank policy and interpretations affect approvals, and what you, as a buyer or homeowner, should do to protect your mortgage outcome.

The Story That Speaks Volumes

In the article, the couple had done everything right: solid income, good credit, a broker had pre-approved them.
But when they visited their local branch and let the branch financial adviser take over, things went sideways. The branch adviser submitted the file, it was declined based on “debt service ratios over limits,” and when the broker later asked to resubmit, the bank refused.

What changed? One key difference: the branch adviser misinterpreted income documentation and applied stricter internal policies rather than leveraging creative structuring that the broker would have used. Once the file was declined formally at the bank level, policy prevented resubmission.

The lesson: not every mortgage adviser is equally equipped. A general branch staffer may lack deep mortgage underwriting knowledge or the leeway to restructure income interpretation. As a result, even strong borrowers can get rejected.

Risks When You Let a Bank Adviser Take Over

  • Less Flexibility in Income Interpretation
    Brokers often use methods like averaging income over two years or combining multiple sources. Bank branch staff tend to stick rigidly to standard formulas, leaving no room for nuance.
  • No Resubmission After Decline
    Once a bank formally declines a file (especially after escalation), their policy may block any further attempts, even if corrections or clarifications could satisfy the requirements.
  • Limited Product Access
    Branch advisers might push only in-house mortgage products, ignoring better rates or programs available through external lenders that a broker would access.
  • Lower Negotiating Power
    Because branch staff may not control underwriting or have discretionary authority, they can’t negotiate exceptions or argue borderline cases as effectively.
  • Lost Time & Opportunity
    A declined mortgage after switching to the branch can mean missed homes, lost negotiating windows, or needing to restart the mortgage application process — all of which cost you time and money.

What to Do Instead: Smart Mortgage Strategy Steps

✅ Stay with a Mortgage Broker You Trust
Choose an independent mortgage broker (like Ash Khan) who specializes in mortgages. They understand nuances across lenders, underwriting policies, and exceptions.

✅ Keep Communication Clear
If you start with a broker, maintain involvement. Don’t hand over total control to a branch. Ask for updates and clarify each document interpretation.

✅ Pre-Approval vs. Final Approval
Get a solid pre-approval with your broker. That gives you confidence before entering a purchase. Then, when your file is submitted, verify what the bank actually sees and flag any changes immediately.

✅ Compare Offers Broadly
Don’t let a bank adviser limit your options. Brokers can shop across multiple lenders, including credit unions, alternative lenders, and private lenders, to find better terms.

✅ Document Early & Accurately
Make sure your income, expenses, debts, and assets are clearly documented. Brokers often help interpret these in the strongest way; branch staff might discard explanations beyond what the raw numbers convey.

Why This Matters Most Now

In 2025, mortgage conditions and interest rate environments are volatile. Lenders are returning to stricter underwriting after periods of loosening. Relying on someone who doesn’t specialize in mortgages could cost you access to lower rates or approval altogether.

If you’re a first-time home buyer or refinancing your mortgage, this is not the moment to rely on a trust-based handshake with a bank adviser. You need specialized insight.

At Ash Khan / Dominion Lending, our mission is to guide clients confidently, applying deep knowledge, lender networks, and strategy to secure mortgage approvals that banks alone might reject.

Ash Khan Thoughts
When it comes to your mortgage, don’t risk handing control to a bank adviser who may lack the specialized insight your file needs. A strong file submitted under conservative, rigid rules can be declined unnecessarily. Choose expert brokerage, stay engaged in the process, and demand clarity and advocacy.

If you’re buying your first home or renewing your mortgage, let’s talk before you hand anything over to a branch. I’ll help you structure your file, compare options, and protect your chances of approval.

4 Oct

Toronto Home Sales Soar to Eight-Month High — What It Means for Buyers & Mortgage Strategy

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Posted by: Ash Khan

In September 2025, home sales in the Greater Toronto Area (GTA) hit an eight-month high, rising to 5,765 seasonally adjusted units — up 2% from August.
However, that surge in activity happened even as prices slipped slightly: the TRREB home price index dropped 0.5% month-over-month to C$971,500.
This contrast — increased sales with softer pricing — signals interesting opportunities for homebuyers and those needing mortgage advice across Ontario and Canada.

In this article, we’ll explore what this trend means, key implications for first-time buyers, refinancing strategies, and how to position your mortgage decisions wisely in 2025.

What’s Driving the Uptick — and Why Prices Are Softening
Several factors converge to produce this dynamic:
* Lower Interest Rates & Anticipated Cuts: The Bank of Canada recently reduced its benchmark rate to 2.5%, the first cut since March. This interest rate environment is helping encourage more buyers to enter the market, especially those who had been waiting on the sidelines.
* Pent-up Demand & Active Listings: Although prices have declined or stayed flat since November 2024, more listings are coming to market. Combined with increased buyer activity, this is pushing sales upward.
* Softening Seller Pricing: In recent months, sellers have responded to affordability pressure and interest rate uncertainty by moderating prices. That has somewhat inverted the usual market pattern.
* Still Below Long-Term Norms: Despite the September spike, sales in the GTA remain below what would be expected given population and household growth.
This environment — higher activity, slightly downward price pressure — favors buyers who are ready and qualified. But not all opportunities are equal.

What This Means for Buyers & First-Time Homeowners
If you’re considering buying or refinancing, here are some key takeaways:

✅ 1. Increased Leverage for Buyers
With more competition among sellers and softer pricing, qualified buyers with pre-approval are in a stronger position. Sellers may be more open to negotiation, concessions, or inclusions (closing cost help, appliances, etc.).

✅ 2. Price Pressure Suggests Better Entry Points
For buyers who were held back by high prices in 2024, the slight downward pressure offers breathing room. This could lead to more favorable offers across a wider price band.

✅ 3. Watch Your Timing
While rates are favorable now, further cuts may boost demand — which could push prices back upward quickly. Locking mortgage terms sooner, at competitive rates, can help you capture value before the market overheats again.

✅ 4. Financing Strategy Matters More Than Ever
Don’t just focus on rate — assess term length, payment flexibility, and whether mortgage insurance or variable vs fixed is more suitable. In this shifting environment, optimizing your structure is key.

How to Adapt Your Mortgage Approach in 2025
As a mortgage broker in Ontario and across Canada, here are strategies I recommend:

1. Get Pre-Approved Early
With interest rate cuts expected, having a pre-approved mortgage locks your rate and strengthens your purchase offer.

2. Stay Flexible With Mortgage Products
Consider hybrid or adjustable-rate options if you believe rates might fall further, while keeping some fixed-term protection.

3. Refinance Wisely
If your current mortgage rate is above what’s available, evaluating refinancing becomes more attractive. But always factor in penalty costs and time horizon.

4. Optimize Your Down Payment & Savings
Extra cash buffer gives you negotiation leverage — sellers may prefer cleaner offers with fewer conditions.

5. Monitor Renewal Windows
Many mortgages signed today will be up for renewal in 3–5 years. Use your current move as a leverage point for future renewals.

Why Work with Ash Khan During This Market Shift
In a market that’s changing quickly, you want a mortgage partner who stays ahead:
*Local Market Insight across Toronto & GTA
* Access to Multiple Lenders so you can compare terms
* Real-Time Advice aligned to interest rate changes and market shifts
* Tailored Solutions for first-time buyers, self-employed, and renovators
My goal is to help you not just secure a mortgage — but structure it for long-term value.

Toronto’s latest data shows that despite soft prices, demand is returning — and savvy buyers have room to maneuver. If you’re ready to take advantage, the time is now.
Whether you’re a first-time buyer, looking to upgrade, or exploring refinancing, let’s connect. Together, we’ll build a mortgage strategy that aligns with your goals — while leveraging today’s opportunities in the GTA and beyond.

16 Sep

Market Alert: What a Bank of Canada Rate Cut Could Mean for Your Mortgage

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Posted by: Ash Khan

There’s a fresh wave of expectations sweeping through the Canadian mortgage & housing market: economists are widely expecting the Bank of Canada (BoC) to cut interest rates soon — possibly as early as next week — following economic signals and inflation behavior. Meanwhile, the U.S. Federal Reserve is also poised to lower rates, though for different reasons. What does this mean for you, especially if you’re a homebuyer, looking to refinance, or simply trying to reduce mortgage costs? Let’s unpack the implications and opportunities.

Why the Bank of Canada May Cut Rates

According to recent economic polls, Canada’s economy has shown clear signs of slowing. Job growth is weakening, economic output has contracted, and inflation—while coming down—is still far from comfortably below risk thresholds. In a Reuters poll conducted in September 2025, economists expected a 25 basis-point rate cut from the BoC, with at least one more cut before year-end.

What sets the BoC apart from the Fed in this scenario isn’t just timing but why. While the Fed is responding largely to domestic inflation pressures cooling and global spillover risks, the BoC’s decision is more driven by fragile employment data, output contraction, and rising concerns over consumer affordability. Canada’s housing market — especially mortgage renewals and fixed vs variable rate borrowers — is highly sensitive to interest rate shifts, making any cut a potential turning point.

What It Could Mean for Homeowners & Buyers
1. Lower Monthly Mortgage Payments
One of the most immediate benefits of a BoC rate cut is for people with variable-rate mortgages or those nearing a renewal. When the central bank cuts its policy rate, interest rates for variable rate mortgages typically follow. That may result in lower monthly payments. Fixed-rate borrowers might also see relief when their term renews.

2. More Affordability for First-Time Buyers
A rate cut reduces borrowing costs, easing barriers for first-time home buyers. With the right mortgage broker, you can leverage these shifts to secure financing options that were previously just out of reach. Down payment requirements may stay the same, but lower rates make the overall monthly burden easier to manage.

3. Refinancing & Debt Consolidation Opportunities
If you have existing mortgages or high-interest debt, now may be the time to explore refinancing. Consolidating debts into a mortgage at lower rates can lead to savings and improved cash flow. A cut could make breaking or renegotiating existing mortgage terms more attractive.

4. Rate Type Decisions: Fixed vs Variable
Many Canadian borrowers feel stuck choosing between fixed and variable rate mortgages. A BoC rate cut could shift the balance slightly in favor of variable rates (but with cautious optimism). For those worried about risk, a mixed strategy or shorter fixed term may be a safer bet. Ash Khan’s expertise can help you evaluate what makes sense for your financial profile.

Risks & Things to Watch Out For
While rate cuts bring relief, there are caveats:
* Lagging Inflation or Sticky Prices: If inflation doesn’t decrease as expected or rises again, cuts may be limited in size or frequency.
* House Prices vs Demand: Lower rates can stimulate demand, especially among first-time buyers. This can lead to housing price pressure in certain markets. Watching local Canadian Real Estate Association (CREA) data helps.
* Personal Financial Health Matters: Lower rates don’t replace budgeting, saving for down payments, and ensuring strong credit. Being pre-approved with good credit still matters a lot.

How to Make the Most of This Opportunity
* Get Pre-approved Early: Lock in current predictive data to understand your borrowing power before rates shift again.
* Work with a Trusted Mortgage Broker: Someone like Ash Khan, who has access to multiple lenders, can help you compare the best rates and terms. Tailored advice beats generic bank offers.
* Shop around for Mortgage Products: Fixed, variable, hybrid — each has pros & cons depending on how far you think rates will fall or what your risk tolerance is.
* Plan for Mortgage Renewal: If your mortgage term is ending soon, prepare to renegotiate or refinance; a rate drop could improve renewal options significantly.

What This Means for Ash Khan Clients
As a seasoned mortgage broker in Toronto and servicing clients across Canada, Ash Khan is in a position to help you navigate this upcoming rate decision intelligently. Whether you are:
* A first-time home buyer looking for affordability,
* A homeowner considering refinancing to ease payments, or
* Someone facing a renewal who wants a better rate or different mortgage terms,
the time to analyze your mortgage strategy is now. The expected rate cut may open doors to much more favorable mortgage options.

Summary

Bank of Canada rate cuts are likely, driven by economic slowdown, weakening job markets, and inflation pressures. These shifts aren’t just signals — they’re opportunities. From lower mortgage payments to better refinancing deals and improved affordability for first-time homebuyers, the coming weeks and months could be very important in shaping Canadian housing finance.

At Ash Khan Mortgage Broker, the goal is to help you take advantage of these moments, not be left scrambling afterward. Be proactive, stay informed, and partner with someone who understands the market and can guide you through it with confidence.

6 Sep

Market Shifts in Canada: Turning Change Into Mortgage Opportunities

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Posted by: Ash Khan

Introduction: Market Shifts Are Not Obstacles—They’re Opportunities

In today’s Canadian housing and mortgage landscape, change is constant. Rising interest rates, falling rates, and shifting lender policies can feel overwhelming for homebuyers, homeowners, and investors alike. However, every market shift also brings fresh opportunities. With the right guidance and strategy, you can use these shifts to your advantage—whether you’re refinancing your home, consolidating debt, or restructuring your mortgage for better financial freedom.

At Ash Khan Mortgage Broker, our goal is not just to react to market changes, but to help you get ahead of them with expert, personalized solutions.

Why Market Shifts Matter

Mortgage rates in Canada often fluctuate based on the economy, inflation, and Bank of Canada policies. While a sudden increase in rates might seem like bad news, it can actually create openings to refinance smarter, renegotiate terms, or explore alternative lending solutions.

Market shifts impact:
* Monthly payments
* Loan affordability
* Home equity growth
* Borrowing opportunities
Understanding how to leverage these shifts can save you thousands of dollars and keep your financial plan on track.

Key Opportunities in Today’s Market

1. Refinancing Smarter
When rates shift, refinancing can help you lock in a lower interest rate, reduce your monthly payments, or shorten your mortgage term. Even with rising rates, there are smart refinancing strategies—like switching to a variable-to-fixed mortgage or accessing home equity for future investments.

2. Consolidating High-Interest Debt
If you’re carrying high-interest debt—like credit cards or personal loans—a mortgage refinance or home equity loan can help consolidate that debt into one manageable payment at a lower rate. This reduces financial stress and accelerates debt repayment.

3. Restructuring for Cash Flow Relief
A market shift is the perfect time to restructure your mortgage to improve monthly cash flow. Extending the amortization period, switching mortgage types, or renegotiating lender terms can free up income for savings, investments, or family needs.

4. Finding Better Mortgage Terms
Shifts in the economy often mean new products and offers from lenders. Mortgage brokers like Ash Khan have access to Canada’s largest banks, credit unions, and private lenders, ensuring you get the best possible terms, even when traditional banks tighten restrictions.

How Ash Khan Helps You Stay Ahead
Navigating market changes requires expertise and a proactive approach. At Ash Khan Mortgage Broker, we provide:
* Personalized mortgage strategies tailored to your financial goals.
* Access to multiple lenders for better options and flexibility.
* Expert guidance on refinancing, debt consolidation, and restructuring.
* Transparent advice so you always feel confident in your decisions.
Whether you’re a first-time homebuyer, a self-employed borrower, or looking to renew your mortgage, we help you turn market changes into opportunities for growth and stability.

Expert Tips to Navigate Market Shifts
1. Get Pre-Approved Early – Secure your rates before market conditions change.
2. Explore All Lender Options – Don’t limit yourself to one bank; brokers have access to more.
3. Focus on Long-Term Value – Look beyond rates; consider flexibility and features.
4. Stay Informed – Work with a mortgage expert who tracks policy and economic updates for you.

Your Mortgage, Your Advantage
Market shifts don’t have to feel intimidating. With the right mortgage broker by your side, you can refinance smarter, consolidate debt, restructure for cash flow relief, and secure better terms—even when the market feels uncertain.

At Ash Khan Mortgage Broker, we believe every challenge is an opportunity waiting to be unlocked. Let us help you secure your financial future with confidence.

22 Aug

Canada’s July Inflation Drop: What It Means for Homebuyers and Mortgage Rates

Latest News

Posted by: Ash Khan

Canada’s latest inflation data—revealing an annual CPI of 1.7% in July—signal a pivotal shift in the economic outlook. For mortgage-seekers and Ontario homebuyers, understanding how the Bank of Canada (BoC) may act could directly affect your borrowing power.

Key Highlights from the Report
* The inflation rate eased from 1.9% in June to 1.7% in July, largely driven by a 16.1% drop in gasoline prices.
* The three–month core CPI trend—a more reliable gauge of underlying inflation—slowed to 2.4%, down from 3.4%.
* The CPI remains within the BoC’s 1–3% target, which supports optimism for rate cuts.

Market Response: A Shift Toward Rate-Cut Expectations

* The USDCAD (Canadian dollar) weakened—trading 0.4% lower—after markets interpreted the inflation data as a signal for potential interest rate cuts.
* Bond yields fell: the 10-year declined, reflecting investor anticipation of looser policy ahead.
* TSX futures stayed steady, with investors closely eyeing further inflation data for BoC’s next move.

What This Means for Mortgage Borrowers
Potential for Lower Mortgage Rates
Cooler inflation and softening core CPI increase the possibility that the Bank of Canada may cut its benchmark rate, potentially in September.
This could translate to lower mortgage borrowing costs for new homebuyers and those renewing existing mortgages.

Refinancing Might Be More Attractive
If you locked in a higher rate recently, this slowdown could present a prime opportunity to refinance at better terms. This is particularly pertinent for homeowners in the Greater Toronto Area, where property values and interest fluctuations significantly impact affordability.

First-Time Buyers Could Gain Leverage
With cooling inflation, mortgage rates may ease—giving first-time homebuyers increased affordability and better financing options.

Expert Tips from Ash Khan
Tip Strategy
1. Get Pre-Approved: Now Secure stronger negotiation power and lock in a rate ahead of potential market shifts.
2. Watch for BoC Announcements: A September rate cut could change mortgage products and pricing—stay informed.
3. Talk to a Broker: A mortgage broker like Ash can compare offers across lenders to find the best fit for your situation.

Refinance if You Can If your mortgage term is ending soon and rates are dropping, it might be smart to renew or refinance.

Thoughts for Homebuyers

Canada’s easing inflation—and particularly the softer core CPI—has meaningfully shifted expectations toward interest rate cuts. This could lower borrowing costs and benefit homebuyers, especially in high-demand markets like the GTA.

As a mortgage broker, Ash Khan advises staying proactive. Getting pre-approved now, keeping an eye on BoC updates, and consulting a broker for the best mortgage options are key steps to optimizing your purchase or refinancing strategy.

18 Aug

Canada’s Housing Market Forecast: What It Means for Buyers & Sellers

General

Posted by: Ash Khan

Overview: What RBC is Predicting
According to the Royal Bank of Canada (RBC), the national housing market in 2025 is seeing a notable slowdown. RBC forecasts a 3.5% decline in home resale activity, with resales projected to total approximately 467,100 units this year—down from earlier expectations.

Looking ahead to 2026, the outlook brightens: RBC expects a 7.9% rebound in home resale activity, potentially reaching 504,100 units—aligning closely with the pre-pandemic five-year average of 511,000 units.

Implications for Home Buyers

1. A Buyer’s Market Emerges
The current surplus in listings and falling prices gives buyers stronger negotiating power, particularly in major markets like Ontario and B.C.

2. Opportunity for First-Time Buyers
With resales dipping, first-time homebuyers may find it easier to step into the market—especially if inventory improves by 2026.

3. Plan for Recovery Now
If you’re waiting for better deals, early 2026 could be your window. But a slow rebound means competition may tighten—consider making a move sooner rather than later.

Expert Insights: Navigating the Market Strategically

* Get pre-approved early to secure the best mortgage terms before demand returns.
* Strategically tour listings: areas with the steepest declines might offer the most value now.
* Work with a trusted mortgage expert like Ash Khan to secure rates, prepare competitive offers, and navigate affordability challenges with confidence.