Canada's housing market isn't standing still, and that means opportunities may be opening for those who are ready. According to CMHC's Fall 2025 Housing Supply Report, the total number of new homes started in early 2025 remained consistent with levels seen in 2024. However, what's being built is beginning to shift. More rental units and ground-level homes are coming to market, while new condo activity is slowing down in many major cities.
Resale listings are also up nearly 9% year-over-year, giving potential buyers more choice and creating chances to enter or move within the market. Whether you're looking for flexibility, affordability, or a better fit for your lifestyle, this may be a smart time to revisit your goals and explore what's possible.
What About Rates and Affordability?
Affordability remains a top concern across Canada. Inflation continues to be influenced by factors like energy costs, tariffs, and government spending — all of which the Bank of Canada is watching closely. These pressures affect variable mortgage rates, and any potential future rate cuts will depend on how inflation and the broader economy evolve over the coming months.
Fixed mortgage rates work a little differently. They tend to move with government bond yields, which can shift quickly based on global markets and investor confidence. That means fixed rates can rise or fall with little notice.
What Could Happen if Rates Go Down or Up?
- If rates go down: Homeowners with variable-rate mortgages may see lower monthly payments, and buyers could find it easier to qualify for financing. Renewing borrowers might secure more competitive terms, and their overall affordability could improve.
- If rates go up: Borrowing costs rise. Variable-rate borrowers could face higher payments, renewing customers may encounter less favourable terms, and buyers could see their purchasing power reduced. Even small increases can make a meaningful difference, which is why planning matters.
It's so important to explore your options and consider securing a rate hold early. Locking in a rate can protect you from future increases, while still giving you the flexibility to adjust if rates go down before your mortgage closes. The right mortgage strategy can help you stay ahead, no matter which direction the market moves.
What Can a Mortgage Broker Help With?
Whether you are renewing your mortgage, planning a purchase, or just curious about how the latest market trends affect you, I can help you take the next step with clarity. This includes:
- Getting pre-approved so you can shop with confidence
- Securing a rate hold for up to 120 days
- Comparing a wide range of lenders and solutions tailored to your needs
You don't need to follow the market alone. I'll help you find the best strategy for your life, not just the best headline this week.
Let's talk about your goals and create a plan that works. Contact me today.