I had a call last week from a client in London, Ontario. His mortgage is up for renewal in a few months, and he saw a better rate advertised online. He asked me: "Greg, should I just switch to get that lower rate? What's the catch?"
In today’s market, getting approved isn’t just about income and credit anymore. It’s about how you position yourself before you even apply. Most people wait until they’re ready to buy… Smart buyers prepare months in advance — and that’s what gives them the edge.
Buying a new construction home is exciting — everything is fresh, modern, and built just for you. But from a mortgage perspective? It’s a completely different game compared to buying a resale property. If you don’t structure it properly, you can run into delays, extra costs, or even financing issues. Let’s break down what you need to know.
I was talking to a young couple in Ottawa last month. They’d been looking for months, but every move-in ready home in their budget felt like a compromise. Then they found the one—a solid older home in a great neighbourhood. It just needed a new kitchen and a bathroom refresh.
I had coffee last week with a buddy of mine—let’s call him Dave. He’s a skilled tradesperson who left a good job with a company in Mississauga to start his own renovation business. Business is booming. He’s got a packed schedule, great clients, and more work than he can handle.
I work with a lot of people who want to buy in 2026. Some of them will. Most of them won't — and it won't be because of the market. It'll be because they never built the structure to get there. Here's what I keep seeing.
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