Francis (Frank) Tureczek, Mortgage Professional
Visit My Website Email Me (778) 835-3306 Charting the mortgage market: a 2025 recap and a look ahead to 2026

As the new year gets underway, I’d like to wish you and your loved ones a happy new year, filled with health, stability and peace of mind.

With 2025 now in the rearview mirror, this is a good moment to reflect on the trends that shaped Canada’s mortgage and housing markets, and to look ahead at what 2026 may bring.

2025 recap: some relief, but no return to normal

If 2024 marked the turning point for interest rates, 2025 was about gradual relief and adjustment.

The Bank of Canada lowered its policy rate four times in 2025, bringing it down from 3.25% to 2.25% by late October, where it held through year-end. Prime rates followed, providing gradual relief for variable-rate borrowers.

Inflation stayed close to the Bank of Canada’s 2% target for much of the year, easing pressure on everyday expenses and allowing interest rates to trend lower without reigniting price concerns. While economic growth remained uneven, Canada largely avoided a sharp downturn, supported by resilient employment and steady consumer spending.

Lower borrowing costs brought more buyers back into the housing market, particularly through the spring and summer. Data from the Canadian Real Estate Association showed national home sales trending higher compared with early 2025, while prices posted modest year-over-year gains. Affordability remained stretched in many regions, pointing to a market that was regaining balance rather than accelerating sharply.

Governments and regulators remained focused on housing supply and affordability throughout 2025. Key measures in Budget 2025 included the expansion of the GST rebate for new purpose-built rental housing and changes aimed at improving access to insured mortgages, both intended to support housing construction and ease affordability pressures over time.

Looking ahead to 2026: a steadier year, with fewer surprises

As 2026 gets underway, the outlook is measured but constructive.
Most economists expect the Bank of Canada to remain on hold for much of the year, with limited room for further rate cuts unless economic conditions weaken meaningfully. Mortgage rates may drift modestly lower over time, but large declines are unlikely, pointing to a more stable rate environment than in recent years.

Housing activity is expected to remain steady rather than surge. Pent-up demand and gradual affordability improvements should support sales, but headwinds remain. According to Royal LePage, policy uncertainty, shifting immigration patterns and softness in parts of the condominium market could weigh on activity in some regions, while tight supply should continue to limit broad price declines.

As a result, price growth is expected to be modest and highly regional.

For many households, 2026 will be a year of decision-making, especially for those renewing mortgages that were taken out at much lower rates. Planning ahead and reviewing options early will be especially important.


Here’s to a steady and successful year ahead!

Francis (Frank) Tureczek
Mortgage Professional
(778) 835-3306
ftureczek@mortgagegrp.com

Homebuyers and sellers: How to prepare for the busy spring market

I think it’s safe to say we’re all eagerly anticipating the arrival of spring as the snow melts and the days grow longer.

It’s a season of renewal, not just for nature but also for the real estate market as both homebuyers and sellers come out of hibernation and prepare to make their next big move.

If you plan to count yourself among one of these groups—or maybe both—the following are some tips to help ensure a smooth and successful process as either a homebuyer or a home seller.

For homebuyers

1. Secure a mortgage pre-approval: Starting the home buying process with a mortgage pre-approval is crucial. It not only gives you a clear idea of the budget you have to work with, but also positions you as serious contender in the eyes of sellers and may protect you in the event rates start to rise. Gather your financial documents early and give me a call so I can help you fully understand your borrowing capacity.

2. Understand the market: Familiarize yourself with the local real estate market trends, including average home prices, inventory levels and the average time homes spend on the market. This can help inform your search and negotiation strategy and help set appropriate expectations.

3. Consider future needs: Think long-term about your housing needs. Factors like family planning, work-from-home requirements, and lifestyle should play into your decision-making process. Investing in a home that meets future needs can prevent costly moves down the line.

For home sellers

1. Get a mortgage pre-approval: As a seller, you should also secure a mortgage pre-approval. This step is vital for understanding how much you can afford in your next purchase and for making timely offers once your current home is sold.

2. Investigate mortgage porting: If you have an existing mortgage, understanding its portability is essential as porting a mortgage may offer financial benefits and ease the transition to a new property. As a broker, I can help you understand your current mortgage’s portability features and any applicable fees or conditions that may be involved. Additionally, if your mortgage is not portable or if it makes sense to break your existing mortgage term, I can provide the necessary information to help you decide the best timing of your sale.

3. Find a reliable Realtor partner: Choosing the right real estate agent is critical for a smooth sale. Look for agents with a strong track record in the local market, excellent negotiation skills, and a comprehensive marketing plan. A good agent can significantly impact the selling price and how quickly the property sells. I’d be happy to make an introduction for you.

4. Prepare the home for sale: Prepare your home for the market by addressing repairs, decluttering, and possibly staging the property. A well-presented home can attract more buyers and lead to higher offers. Investing in professional photography can also showcase the property in its best light online, where most buyers start their search.

By following these steps, you’ll be in a position to navigate the spring real estate market with confidence.

If you’re planning to buy or sell this coming spring season, don’t hesitate to reach out. I would be happy to go over additional tips that could help you as either a buyer or a seller.

Call me today!

Francis (Frank) Tureczek

Mortgage Professional
(778) 835-3306 ftureczek@mortgagegrp.com