From affordability struggles to changing borrower habits, Canada’s June market update continues to evolve in 2025. Whether you’re a first-time buyer, a growing family, or an investor, these insights from Mortgage Mingle will help you stay informed and financially empowered.
🏠 Don’t Let Averages Fool You
You’ve seen the headlines—national home prices down 3.4% from last year. But the truth? That’s an average. Canada is made up of many housing markets, each with its own story.
🌍 Some regions are cooling. Others? Heating up. Know your local June market update before making any decisions.
⏳ First-Time Homebuyers Waiting Longer
In Ontario, the average first-time buyer is now 40 years old. The path to homeownership may be slower, but that doesn’t mean it’s over.
💡 Tip: Start where you are. Budget, build your credit, and work with professionals who understand your financial goals. We’re here to support you every step of the way.
📊 Rethinking Mortgage Terms
Mortgage preferences are changing:
- 41% chose variable rate
- 32% went with mid-term fixed
- 27% selected the 5-year fixed
Today’s borrowers are prioritizing flexibility. Are you?
📉 Inflation Relief: What It Means for You
With inflation down to 1.7%, Canadians are seeing a bit of a financial breather. Lower inflation may open the door for more affordable borrowing options.
Stay in the know—it pays to understand how inflation affects your monthly mortgage costs.
📈 Feeling Good About the Market Again?
Confidence in real estate bounced back sharply in May. More Canadians feel good about buying or selling. That optimism can fuel real opportunities—especially if you’re ready to make a move.
🏦 Bank of Canada Rate News
The Bank of Canada has opted to hold interest rates steady in its latest decision. With inflation cooling and the economy in flux, they’re taking a cautious approach.
📌 For you, this could mean:
- A smart time to evaluate options before rates shift again
- Stability if you’re in a fixed-rate mortgage
- Less rate pressure if you’re variable
Wrap-Up
June 2025 brings a mix of opportunity and caution to the real estate world. Whether you’re just exploring or planning your next property move, information is power.
At Mortgage Mingle, we’re here to connect you with the advice, options, and updates you need—because buying a home shouldn’t feel like guesswork.
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