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Brian Jones
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1090 Don Mills Rd, North York, Ontario, M3C 3R6
Whether you are a first-time homebuyer, refinancing, renovating, transferring your mortgage, or investing in property, I am here to guide you through every step of your homeownership journey.
With access to multiple lenders and specialized programs, I tailor mortgage solutions to fit each client’s unique needs, ensuring a seamless and personalized experience. My goal is to simplify the mortgage process, making it easy to understand and navigate while empowering you with the knowledge to make confident, informed decisions.
My commitment to my clients goes beyond finding the right mortgage. I aim to build lasting relationships based on trust, transparency, and mutual success. Let’s work together to turn your homeownership dreams into reality and secure the financial future you deserve.
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Phone: 705 440 3870
Email: brian@capitalhomelending.ca
BLOG / NEWS Updates
TD Provincial Economic Forecast: Prairie and Atlantic Economies Holding Up Better Amid Tariff Whipsaw
By TD Economics
Amid a downgraded national growth profile for 2025, were retaining our view that the Atlantic and Prairie Regions outperform this year. B.C.s economy is also expected to display resilience. In contrast, Ontario and Quebec are poised for much softer growth performances given their relatively high orientation towards manufacturing.
Provincial economies across the country benefitted from a sharp rise in exports in Q1 due to tariff-front running, but the near-term trade picture is indeed rocky. Ontario and Quebec will see disproportionate impacts from U.S. tariffs on the steel, aluminum, and automotive sectors. Were also expecting that additional U.S. levies on copper, pharmaceuticals, semiconductors and lumber will be applied. Our assumption of a gradual easing in U.S. tariff rates by year end means that the stage is set for a modest recovery in Canadas industrial heartland in 2026.
Commodity based economies are holding up better this year, but growth has still been downgraded relative to March. Expedited OPEC+ output plans and weak global demand have led us to mark down our oil price forecast, accentuated by an unexpectedly strong Canadian dollar. The recent escalation in Middle East tensions pose an upside risk to prices in H2-2025.
Canadas labour market continues to cool. Ontario, Quebec, B.C., and Manitoba have been absorbing most of the shock so far this year, as unemployment rates have risen faster than in other regions. Unemployment rates in the Atlantic provinces have broadly stabilized as employment growth and labour force growth have weakened in tandem. Saskatchewans labour market is the clear provincial standout due to its relative strength.
With this years provincial budget season wrapping, a few themes have emerged. Provincial revenues and overall fiscal balances are expected to take a hit this year, reflecting U.S. trade tensions, and provinces have introduced measures to buffer their respective economies in the short run. Ramped up capital spending plans also featured heavily. This could lift economic growth, but is also expected to boost already-elevated debt burdens.
With some signals that pent-up demand may be returning, were expecting positive growth in home sales in the back half of next year across Canada. Still, a weak economy and uncertainty should keep sales levels subdued. Near-term national home price growth will be restrained by loose supply/demand balances in B.C. and Ontario, although firmer price gains are expected elsewhere, where conditions are considerably tighter.
https://economics.td.com/provincial-economic-forecast
CREA: Canadian Home Sales Rise While Prices Hold Steady in May
The number of home sales recorded over Canadian MLS Systems climbed 3.6% between April and May 2025, marking the first gain in activity since last November.
The monthly increase was led by the Greater Toronto Area (GTA), Calgary, and Ottawa.
May 2025 not only saw home sales move higher at the national level for the first time in more than six months, but prices at the national level also stopped falling, said Shaun Cathcart, CREAs Senior Economist. Its only one month of data, and one car doesnt make a parade, but there is a sense that maybe the expected turnaround in housing activity this year was just delayed for a few months by the initial tariff chaos and uncertainty.
May Highlights:
National home sales were up 3.6% month-over-month.
Actual (not seasonally adjusted) monthly activity came in 4.3% below May 2024.
The number of newly listed properties rose 3.1% on a month-over-month basis.
The MLS Home Price Index (HPI) was almost unchanged (-0.2%) month-over-month and was down 3.5% on a year-over-year basis.
The actual (not seasonally adjusted) national average sale price was down 1.8% on a year-over-year basis.
https://stats.crea.ca/en-CA/
NBC: Affordability improves for a fifth consecutive quarter in Q1 2025
Highlights:
Canadian housing affordability posted a fifth consecutive improvement in Q125. The mortgage payment on a representative home as a percentage of income (MPPI) fell 0.7 percentage point. Seasonally adjusted home prices increased 1.1% in Q125 from Q424; the benchmark mortgage rate (5-year term) declined 15 basis points, while median household income rose 0.8%.
Affordability improved in 8 of the ten markets in Q1. On a sliding scale of markets from best progression to least: Vancouver, Toronto, Victoria, Hamilton, Ottawa-Gatineau, Calgary, Winnipeg and Edmonton. On the flip side, Montreal and Quebec deteriorated in the first quarter. Countrywide, affordability enhanced 0.9 pp in the condo portion and 0.7 pp in the non-condo segment.
Housing affordability remains a significant challenge for Canadians, though the first quarter of 2025 brought continued relief. Nationally, affordability improved for the fifth consecutive quartermarking the longest such streak since 20082009. This progress brought the mortgage payment as a percentage of income (MPPI) to its lowest level in three years. Despite higher home prices across all markets, affordability gains were more widespread this quarter, supported by rising incomes and declining interest rates. Since peaking in late 2023, 5-year mortgage rates have fallen by a cumulative 91 basis points, reaching their lowest point in nearly three years. However, Montreal and Quebec City were notable exceptions. Home prices surged by 3.0% and 4.2% respectively during the quarter, preventing any affordability improvements. These markets remained resilient despite broader trade uncertainty, supported by less-stretched valuations and a still-strong labour market. Notwithstanding the widespread improvement in Q1, the composite MPPI remains well above its historical average. Anticipating the second quarter, further improvements in affordability from mortgage interest rates are likely to be limited, as the drop in 5-year rates is marginal thus far. However, ongoing weakness in Ontario and British Columbias real estate markets could lead to price drop in several cities. Over the longer term, a slowdown in immigration and softening labour market conditions may also ease pressure on housing demand. Still, resolving market imbalances will take time.
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/housing-affordability.pdf
