This is Patrick’s bio
The mortgage payment on a benchmark home in Vancouver now eats 106% of median pre-tax household income. Not 106% of discretionary income. All of it, plus 6% you don't have. That figure comes from the National Bank of Canada's May housing affordability report, released in
The provincial government will waive development cost charges and GST on qualifying projects under a deal struck with the federal Liberals. That's the core mechanic. But the real money is in what comes after: 2,500 newly built condos, already standing, will be purchased and converted into affordable
In 2023, the average age of a first-time homebuyer in Vancouver was 42. Two decades earlier, it was 34. That shift didn't happen because Millennials and Gen Z suddenly decided houses could wait. It happened because the old sequence stopped working. The financial roadmap you inherited said:
The first quarterly population decline in Canada since 2009 arrived as policy, not accident. Statistics Canada reported Thursday that the country's population fell by 0.07% between January and March 2025, with temporary residents driving the entire drop. The number stands at 83,400. That's not
A semi-detached in Brampton bought in August 2020 for $710,000 carried a five-year fixed mortgage at 1.84%. That homeowner is looking at renewal in 2025, and the going rate now sits north of 5.2%. The monthly payment jumps from roughly $2,800 to over $4,
The provincial intestacy rules that kick in when someone dies without a will distribute assets by formula, not by intention. A common-law spouse of 18 years gets nothing in most provinces. A child from a first marriage can be cut out entirely depending on where the deceased lived. The
A Mississauga couple who bought in May 2021 with a $680,000 mortgage at 1.79% are about to see their monthly payment jump $1,430. They have equity, but not much. Selling into today's market would net them roughly what they paid, minus the friction costs. So
Morningstar DBRS put a date on the turnaround this week: second half of 2026. That's eighteen months from now, and it comes with a condition the agency made explicit, rates have to stay cooperative. Cooperative means the Bank of Canada continuing its easing cycle without reversals, bond yields
The S&P/TSX Composite Index closed down 188 points on Wednesday, ending the session at 24,918. The S&P 500 dropped 0.5%. The Dow fell 291 points. All of this happened while the Federal Reserve kept its benchmark rate exactly where it was. Markets didn&
The MLS Home Price Index edged up 0.6% month-over-month in May. Transactions climbed 6.4% from April. The Canadian Real Estate Association called it a rebound. What it actually represents is a market that finally stopped contracting for thirty days. Call that what you want. Progress, maybe.
The Canadian Real Estate Association recorded 38,421 transactions in May 2026, breaking a pattern that had housing economists writing variations of the same downbeat analysis since January. Sales climbed 8.7% from April and ran 3.9% ahead of May 2025, the first year-over-year gain since last
A one-year fixed mortgage with a 40-year amortization and no lender fees sounds like the setup to a pitch that ends badly. Eclipse's Access+ product is that mortgage. It exists. The gap Eclipse claims to be filling is real enough. Traditional lenders have tightened qualification standards