Melissa Thimot Real Estate

It’s hard to ignore how loud and unsettled the news feels right now.

Between ongoing trade tensions, questions about the economy, affordability pressures and constant speculation about interest rates, headlines seem to shift by the week, sometimes by the day. For many Canadians, that steady stream of mixed signals can make it difficult to know what to do next, especially when it comes to major financial decisions like buying a home or renewing a mortgage.

What’s worth remembering is that while the broader environment matters, the right mortgage decision is rarely about reacting to headlines. It’s about making choices that align with your own finances, your lifestyle and your longer-term plans.

For buyers, uncertainty can actually create opportunity, particularly for those who are prepared. When confidence is lower, there is often less competition, more room to negotiate and more time to think through decisions carefully. That breathing room can be valuable, allowing buyers to focus less on urgency and more on fit: the right home, the right payment and the right structure for their situation.

For homeowners approaching a renewal or considering a refinance, uncertain times make it even more important not to treat the process as a formality. Even small differences in rate, term length or product features can add up over time. And if you’re looking at refinancing to manage debt or improve cash flow, today’s environment makes it especially important to understand the trade-offs, not just the headline rate.

Focus on what you can control

The common thread is that uncertainty doesn’t mean standing still. It means being more intentional. There are often more options available than people realize, but those options don’t always show up clearly in the news or online rate tables. Understanding what’s available, and what makes sense for you, usually requires a broader conversation.

That’s where working with me as your mortgage professional can make a real difference, by stepping back together, reviewing your full financial picture, and making sure your mortgage supports your long-term goals. A good mortgage plan doesn’t try to predict every economic twist and turn. Instead, it focuses on flexibility, affordability and resilience so you’re well positioned even when conditions change.

If you’re feeling uneasy about what you’re hearing in the news, you don’t have to sort through it on your own. Whether you’re thinking about buying, approaching a renewal, or considering a refinance, reach out to me for a quick conversation. Even a short check-in can help confirm you’re on the right track, clarify your options, or highlight adjustments worth considering.

When the headlines feel noisy, the goal is simple: make sure your mortgage plan still fits your life. I’m always here to help.

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com

Preparing your home for showings can feel overwhelming — especially when you have little ones running around. The good news? With a bit of planning and realistic expectations, the process can be smooth, stress-free, and even surprisingly manageable.

Quick Prep Is Your Friend

Buyers want to see a tidy, inviting space, but it doesn’t need to be spotless. Focus on the main areas: kitchen counters, floors, and the primary bedroom. Keep a couple of baskets handy to toss toys, books, and kid clutter into before you head out.

Plan Short, Simple Outings

Showings usually last 20–30 minutes. Have a few quick go-to activities ready — a walk to the park, a drive-through treat run, or a nearby indoor play spot. The goal is something easy that gets everyone out of the house fast.

Expect Some Flexibility

Buyers may request showings with short notice. It helps to keep the home “show-ready light”: beds made, dishes rinsed, toys contained. Don’t aim for perfection — consistency is enough.

Keep Safety Top of Mind

Before leaving, double-check that medications, cleaning supplies, and valuables are stored safely. Turn off candles and secure pets.

After the Showing

Once you return, reset the house to “family mode.” Let the kids pull their toys back out — you’re still living here, and buyers understand that.

The Bottom Line

Showings with kids can feel like a juggling act, but with simple systems and realistic expectations, your family can get through the process smoothly and successfully.

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 to help you plan for the year ahead

Whether you’re thinking about buying, renewing or refinancing, or simply want a clearer picture of your options, I’m here to help.

A short conversation early in the year can often make a big difference later on. If you’d like to review your situation or talk through what 2026 could look like for you, feel free to reach out anytime.

Here’s to a steady and successful year ahead!

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com

Vancouver Island has become one of the most desirable places to live in Canada — and the real estate numbers consistently reflect that. While many BC markets experience fluctuation, the Island continues to show stability, demand, and long-term growth.

Strong Lifestyle Appeal

People are prioritizing quality of life more than ever, and the Island delivers: mild weather, access to nature, walkable communities, and a slower, family-friendly lifestyle. This steady demand supports local housing values year-round.

Population Growth & Migration

Vancouver Island consistently attracts buyers from the Lower Mainland, Alberta, and across Canada. With limited land for new development in many areas, demand often exceeds supply — keeping the market resilient.

Diverse Housing Options

From urban condos in Victoria to new-build neighbourhoods in Langford and family homes in Saanich and Nanaimo, the Island appeals to a wide range of buyers. This variety helps balance the market and avoid the extreme swings seen elsewhere.

Strong Local Economy

Government, tech, tourism, education, and healthcare sectors keep the economy stable. This creates reliable long-term demand for housing, even during national slowdowns.

Moderate Price Growth vs. Mainland Spikes

Compared to the Lower Mainland’s volatility, Vancouver Island has seen more sustainable growth. This positions it as a safer long-term investment for both homeowners and buyers seeking stability.

The Bottom Line

Vancouver Island continues to outperform because it offers something rare: strong demand, steady growth, and a lifestyle people actively choose. Whether you’re buying, selling, or investing, the Island remains one of BC’s most reliable markets.

Whether you already own a home or you’re thinking about buying or renovating this year, Budget 2025 may affect the options available to you. Some programs are ending, others are being introduced, and a few could make borrowing or planning a little easier, especially for first-time buyers.

My goal is to help you make sense of what has changed and where there may still be opportunities. Here’s a quick look at what could matter most for your plans in the coming year, and how I can help if any of these apply to you.

The Underused Housing Tax is being eliminated

The 1% tax will no longer apply starting with the 2025 tax year. If you own a property through a corporation or trust, this means no more annual UHT filings. Just keep in mind that filings from 2022 to 2024 still need to be completed. If you’re not sure whether you’re up to date, I can help point you in the right direction.

No federal loan for secondary suites

The government has cancelled the Secondary Suite Loan Program for basement or laneway units. But there are other options that might work, such as purchase-plus-improvements programs or insured refinances. If you’ve been considering adding a suite, we can explore what’s still available.

GST rebate confirmed for first-time buyers

First-time buyers of new homes up to $1 million will no longer pay federal GST. Homes between $1 million and $1.5 million will qualify for a partial rebate. This could mean up to 5% in savings. If eligibility is a concern, especially around the first-time buyer rule, I can help you confirm whether you qualify and what documents you’ll need.

Funding for affordable housing and rentals

The new Build Canada Homes program will direct $13 billion toward modular-built and non-market housing using federal land. It isn’t a consumer program, but over time it’s designed to increase supply and ease pressure in higher-cost regions.

Energy efficiency rebates winding down

The Canada Greener Homes Grant has been discontinued, and related loans are no longer taking applications. Before starting a renovation, it’s still worth checking what provincial or municipal rebates may be available. There may also be financing options that make improvements more affordable, including for energy-efficient upgrades.

More focus on financial fraud protection

Budget 2025 also calls for stronger fraud safeguards within the financial system. The government wants banks to enhance consumer protections and give Canadians more control over their accounts. If you ever get a message or email that doesn’t look right, feel free to reach out, I can help you verify before you share anything.

Support for rental housing expansion

The annual limit on Canada Mortgage Bonds has increased to $80 billion to help finance multi-unit rental housing. This won’t affect personal mortgages, but it should support rental availability and stability in the long term.

Planning ahead? I’m here to help

Budget 2025 brings changes that could shape borrowing decisions in the year ahead for both current homeowners and those planning to buy or renovate. Some programs have shifted and a few new ones may offer opportunities depending on your situation.

If you’d like to understand how the new rules may affect your plans, feel free to give me a call or reach out anytime. I’d be happy to go over the options and what’s still available.  

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com

Choosing the right neighbourhood is one of the biggest decisions families make when buying a home — especially in a place as diverse, scenic, and community-focused as Greater Victoria. Whether you’re looking for walkable schools, family-friendly parks, safe streets, or modern homes with room to grow, Langford and Victoria offer some incredible options for young families planting roots on Vancouver Island.

Here’s a breakdown of the top neighbourhoods worth considering and what makes each one special.

1. Westhills (Langford)

Westhills has quickly become one of the most sought-after neighbourhoods for families — and for good reason.

Why families love it:

• Newer homes with modern layouts

• Close proximity to schools (Belmont, Lakeview), playgrounds, and daycares

• Steps to the YMCA, Starlight Stadium, and Jordie Lunn Bike Park

• Trails and lakes (Langford Lake!) right outside your door

Who it’s perfect for:

Families wanting a vibrant, active community with walkable amenities and newer-build homes requiring little upkeep.

2. Happy Valley (Langford)

Happy Valley offers a blend of quiet residential living and family-centered convenience.

Why families love it:

• Highly walkable to Happy Valley Elementary

• Tons of green space, trails, and playgrounds

• Strong sense of community with lots of young families

• Detached homes and townhomes at more approachable price points than core Victoria

Who it’s perfect for:

Families who want a calmer, more suburban feel without sacrificing easy access to Langford’s amenities.

3. Royal Bay (Colwood)

A coastal community with serious family appeal.

Why families love it:

• New schools (Royal Bay Secondary, Royal Bay Elementary) designed with growing families in mind

• Beaches, bike paths, and ocean views

• Brand-new commercial village with cafés, food spots, and services

• Master-planned community with modern homes and safe, walkable streets

Who it’s perfect for:

Families dreaming of ocean living, a tight-knit community feel, and modern amenities.

4. The Westshore (General)

While not a single neighbourhood, the Westshore — Langford, Colwood, View Royal — is a top choice for families relocating from the mainland or moving out of Victoria’s core.

Why families love it:

• Award-winning rec centres (Juan de Fuca, Westhills YMCA)

• Outdoor activities at every turn

• More space for your dollar

• Young, growing, family-driven communities

Who it’s perfect for:

Growing families needing more space and wanting a connected, active lifestyle.

5. Fernwood (Victoria)

For families wanting character, walkability, and a true community vibe, Fernwood is a standout.

Why families love it:

• A strong arts and local food culture

• Walkable village with coffee shops, markets, and community events

• Parks, playgrounds, and family-friendly schools nearby

• Character homes with personality and charm

Who it’s perfect for:

Families who love a lively, artistic neighbourhood close to downtown Victoria.

6. Gordon Head (Saanich)

Gordon Head is one of the most established family neighbourhoods in Greater Victoria.

Why families love it:

• Excellent school catchments

• Quiet streets, parks, and beaches

• Spacious homes on larger lots

• Close to UVic and all Saanich amenities

Who it’s perfect for:

Families looking for stability, great schools, and a long-term community to grow into.

7. Oaklands (Victoria)

Central, convenient, and full of young families, Oaklands continues to rise in popularity.

Why families love it:

• Centrally located between Hillside, Fernwood & Quadra Village

• Close to daycares and schools

• Walkable neighbourhood streets

• Many renovated character homes and starter homes

Who it’s perfect for:

First-time family buyers who want a friendly neighbourhood close to parks, shops, and transit.

Langford and Victoria offer something for every kind of family — whether you’re dreaming of a modern home near lakes and playgrounds, a character-rich neighbourhood with history, or a community-oriented area filled with parks and great schools. If you’re starting your home search and want guidance on which neighbourhood fits your family’s lifestyle, commute, and budget, I’d be happy to help you explore your options.

Scan the internet and social media and you won’t find a shortage of mortgage brokers sharing stories of what not to do when buying a home, or how a $1,500 truck payment can derail your mortgage plans.

Even if you feel confident you can afford both your current expenses and a new mortgage payment, especially if it’s close to what you’re already paying in rent, lenders see things differently. 

When it comes to qualifying for a mortgage, lenders look beyond your income, down payment, and current housing costs. They’ll also consider all your monthly debts, such as car loans, student loans, personal loans, credit cards and lines of credit, to ensure you can comfortably handle a mortgage on top of everything else.

Here’s how those non-mortgage expenses can
affect what you qualify for.

Why your debt matters
Every lender uses what’s called a “debt-service ratio” to calculate affordability. This compares your monthly debt payments to your gross income. If too much of your income is already going toward other loans, there’s less left to cover mortgage payments, and that can reduce the size of the mortgage you qualify for.

Car loans and leases
Car payments are one of the most common affordability limiters. A $600 monthly car payment can have a surprisingly large impact, roughly equivalent to $100,000 less mortgage qualification in many cases. If you’re close to buying, it’s worth discussing options to reduce or consolidate this debt first.

Student loans
Even if you’ve deferred your student loans, lenders often include a notional payment in their calculation, typically around 1% of the outstanding balance per month. For example, a $25,000 student loan could add $250 to your monthly debt load, reducing your borrowing power by tens of thousands of dollars.

Credit cards and lines of credit
Even if you don’t carry a large balance, lenders use a minimum payment amount (often 3% of the limit for credit cards or the actual payment amount for lines of credit). For example, a lender will require that a $600 payment is factored in for a $20,000 credit card balance, even if your minimum payment required on your statement is much less.

Paying down balances can make a noticeable difference, but think twice before closing your oldest zero balance credit accounts. Those long-standing accounts help show your credit history and can contribute to a stronger score.

How to strengthen your affordability

• Pay down balances: Reducing your revolving debt lowers your overall monthly obligations and can improve your credit score. 

• Avoid new loans: Taking on a new car or personal loan before applying for a mortgage can hurt your approval.

• Consolidate: If you’re carrying significant debt, an amortizing consolidation loan can reduce your payments and improve your credit.

• Talk to your broker early: A quick affordability check can show how much of a difference paying off or consolidating certain debts can make.

I can walk you through different scenarios; what happens if you pay off that car loan or consolidate credit cards, so you can see how each move affects your approval range. Sometimes small adjustments can make a big difference.

If you’re planning to buy or refinance soon, I’d be happy to help you review your current debts and get you the most suitable mortgage for your situation. 

Let’s connect for a quick chat about your goals and what’s possible for you right now and build a plan that achieves your goals.

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com

Moving to a new home is an exciting chapter for any family, but it can also be one of the most stressful experiences—especially when you have little ones in tow. The thought of packing up an entire household, managing the logistics, and keeping everything running smoothly can feel overwhelming. But with a little planning and the right approach, your move can be much more manageable and even fun!

If you’re a family or a first-time homebuyer gearing up for a big move, don’t worry—we’ve got you covered. Here are some essential moving tips for families that will help you stay organized, minimize stress, and make the process as smooth as possible.

1. Start Planning Early

When you’re moving with kids, time is your best friend. The earlier you begin planning, the less rushed and chaotic the move will feel. Ideally, start packing a few weeks before your moving day. Begin by sorting through your belongings and deciding what to keep, donate, or throw away. This is the perfect time to declutter and get rid of items you no longer need.

Create a moving checklist with tasks broken down into manageable steps. Don’t forget to include setting up utilities, transferring mail, and finding a moving company or rental truck.

2. Get the Kids Involved (In Age-Appropriate Ways)

Moving can be a lot for kids to handle, but involving them in the process can help them feel more in control and excited about the move. Depending on their age, there are different ways they can help out.

For younger children, give them simple tasks like sorting through their toys or packing their books. Older kids can help by packing their own clothes or even organizing their room. You can also encourage them to decorate their moving boxes or make a special moving-day playlist. The key is to make it a fun and inclusive process!

3. Create a Family Moving Kit

With so much to pack, it's easy to forget the essential items you’ll need right away. Put together a family moving kit with everything you’ll need for the first day or two in your new home. This kit should include:

- Clothes for the next few days (for each family member)

- Toiletries (toothbrushes, toothpaste, soap, etc.)

- Snacks and drinks for the move

- Important documents (passports, ID, school records, etc.)

- Favorite toys or comfort items for kids

- Cleaning supplies (for a quick clean-up in the new home)

Having this kit easily accessible will save you from rummaging through boxes when you need something quickly.

4. Label Everything

Labeling your boxes is crucial, especially when you have kids. You’ll want to make it easy to unpack, especially when it comes to essentials like bedding, clothes, and toys. Use color-coded labels or clear markers to indicate which boxes belong in which rooms. For example, label your child's box with a picture of their room (if they’re too young to read) or use a different color for each child’s belongings.

Be as specific as possible on the labels so that unpacking will be a breeze. Write down exactly what’s inside each box (e.g., "Living Room: Books and DVDs"), and keep an inventory list of everything that’s packed.

5. Hire Professional Movers (If You Can)

While DIY moves can save money, hiring professional movers can make the process much easier—especially when you have kids to worry about. Movers can handle heavy lifting, packing fragile items, and ensuring everything arrives safely at your new home. This can free up your time to focus on your family, rather than trying to coordinate the move on your own.

If you do decide to hire movers, make sure to get quotes from several companies, check reviews, and ask for recommendations from friends or family. A reliable moving company can reduce stress and ensure your move goes smoothly.

6. Pack an Essentials Bag for Each Family Member

In addition to your family moving kit, packing a personal essentials bag for each family member is a great way to stay organized. This bag should include anything each person might need in the first 24 hours—clothes, toiletries, medications, a phone charger, and any personal comfort items like a favorite blanket or stuffed animal.

For your kids, this is also a great time to let them pick out a few “special” items to carry with them during the move—something they can cling to during a big transition.

7. Set Up the Kids' Rooms First

Once you arrive at your new home, prioritize setting up your kids’ rooms first. Having their space organized and familiar will give them a sense of stability and comfort in the midst of all the change. Start by unpacking their toys, setting up the bed, and placing favorite books or decor on shelves.

If possible, involve them in arranging their room in a way that makes it feel like their own. This gives them a sense of control and ownership over their new space, which can make the transition easier.

8. Prepare for the First Night in Your New Home

The first night in your new home is a big deal for your family. To help ease the transition, make sure the bedrooms are ready for sleeping, and that everyone has their favorite blankets and pillows. Have a fun family dinner together to celebrate the move, even if it’s something simple like take-out or a quick meal you can prepare ahead of time.

Consider making the night special with a family movie or a storytime, helping everyone feel comfortable in their new surroundings.

9. Keep a Positive Attitude

Moving with kids can be unpredictable, and things may not always go according to plan. But maintaining a positive, patient attitude will set the tone for your family. Children can pick up on stress, so try to stay calm and upbeat during the process.

If things get overwhelming, take breaks, grab a snack, and remember that this is an exciting new chapter. The boxes will eventually get unpacked, and before you know it, you’ll be settling into your beautiful new home.

10. Explore Your New Neighborhood Together

Once the move is complete and you’ve settled in, take the time to explore your new neighborhood as a family. Go for a walk, visit a nearby park, or stop by a local café. Meeting new neighbors and discovering local attractions will help your family feel connected and at home.

Moving with a family doesn’t have to be a stressful experience. By starting early, staying organized, and getting everyone involved, you can make the process smoother and more enjoyable for everyone. And remember—this is the beginning of a new adventure, and soon enough, your family will be making memories in your beautiful new home.

If you need any help with your home search or moving process, don’t hesitate to reach out! I’m here to help guide you every step of the way.

If it feels like the cost of homeownership has crept up faster than your paycheque, you’re not alone. Many households’ budgets are feeling the squeeze across Canada. For many families, the challenge isn’t just keeping up with their rent or mortgage — it’s keeping up with everything else. The good news is there are ways to regain some control.

Smart budgeting moves 

A budget isn’t about cutting out all the fun, it’s about seeing where your money goes and making choices that keep you ahead. Whether you’re feeling the pinch or saving for a down payment, try tracking your spending for a month or two. Many people are surprised at how much slips away on small recurring costs like subscriptions, coffee runs or take-out. Once you see it clearly, it’s easier to make changes without feeling deprived.

Another common surprise is irregular bills. Annual tax bills, insurance renewals and home and auto repairs don’t come every month, but they can throw you off track if you’re not ready for them. Breaking them into monthly amounts and setting that money aside can make a big difference for budgeting.

You can also chip away at utilities. A programmable thermostat, LED bulbs and sealing drafty windows are simple steps that lower bills. Some provinces and municipalities even offer rebates for energy-efficient upgrades.

Having an emergency buffer, even a small one, helps avoid relying on credit when unexpected expenses pop up. And if you’re carrying balances on high-interest credit cards, tackling those first should be a top priority.

Using your home equity

While saving for a down payment can be challenging for those dreaming of home ownership, many homeowners are feeling the pressure of keeping up with their mortgage and household expenses. The rising costs of consumer debt is making many Canadians feel like they just can’t get ahead. If you’ve built up equity in your property, you may be able to re-amortize or consolidate that debt into your mortgage or a secured line of credit.

Doing so can be a sigh of relief for your monthly budget by lowering your monthly payments and freeing up cash flow, since mortgage and secured line rates are usually much lower than credit card or personal loan rates. But it’s not a decision to take lightly. Rolling consumer debt into your mortgage can mean paying it off over a longer period, which may cost more in the end if you’re not careful.

Think of it as a reset button. It can simplify your payments and buy you breathing room, but it only works if you commit to avoiding the same debt cycle again. Timing also matters, since current interest rates play a big role in whether this strategy makes sense.

The bottom line

Rising costs are a reality, but there are a number of tools to help manage them. A refreshed budget can create meaningful relief, and if you’ve built up some equity but are feeling stretched, there may be options to create some relief. Every situation is different, and that’s where I can help.

If you’d like to talk through your budget or review an equity strategy that could ease your financial stress, reach out anytime. I’d be happy to walk you through the options and help you find what works best for you.

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com

Buying your first home is an exciting journey, but it can also feel overwhelming with all the factors you need to consider. As a family or first-time homebuyer, it’s important to not only think about the look and feel of a home but also its safety features. After all, the security of your loved ones should always be the top priority.

Whether you’re touring homes for the first time or are already narrowing down your options, here’s a checklist of essential safety features that should be on your radar to ensure your new home is as safe and secure as possible.

1. Updated Electrical Systems

One of the first things to check when viewing a home is the electrical system. Old wiring can pose a fire risk, especially if it’s not up to code. Look for updated circuit breakers, outlets with childproof covers, and sufficient power for the home’s size. A licensed electrician should have inspected and certified the electrical system before you make any decisions.

2. Secure Doors and Windows

Your home’s security starts at the front door. Make sure all entry doors have solid construction with deadbolt locks. Additionally, check for security features like peepholes and reinforced frames. For windows, you’ll want to ensure they’re not only functional but secure as well. Look for windows that are easy to open in case of an emergency but also lock securely to keep unwanted visitors out.

3. Smoke and Carbon Monoxide Detectors

Every home should be equipped with smoke detectors and carbon monoxide detectors in key areas, such as the kitchen, bedrooms, and hallways. Make sure these safety devices are up to date and have functioning batteries. These small additions can save lives in an emergency. Additionally, a fire extinguisher in the kitchen or garage is a great bonus feature.

4. Non-slip Flooring and Sturdy Handrails

If you have young children or elderly family members, the safety of the floors and stairs should be a priority. Look for slip-resistant surfaces in kitchens, bathrooms, and hallways. Staircases should have sturdy handrails, and floors should be level to prevent tripping hazards. Adding carpet runners or non-slip rugs can provide extra traction, especially on hardwood or tile floors.

5. Fenced Yard and Childproofing Features

For families with young children, having a safe, enclosed yard is a must. A solid fence is not just a privacy feature—it also keeps your little ones and pets safe from wandering into the street or other hazards. Check for gates that latch securely, and make sure there are no gaps or spaces that could pose a risk. For indoor childproofing, consider looking for homes that have safety outlets, cabinet locks, and stair gates already in place. These small adjustments can make a huge difference in preventing accidents, especially when you’re not always in the room.

6. Secure Garage and Shed Areas

Garages and sheds are essential for storage, but they can also pose safety risks if not properly secured. Make sure garage doors open and close smoothly, and that they have a secure locking mechanism. If the home has a shed or outbuilding, check that it’s in good condition and locked properly to keep children and pets from wandering in unsupervised.

7. Proper Lighting Around the Property

Outdoor lighting can be a game-changer for both safety and curb appeal. Well-lit walkways and entry points help prevent trips and falls while also deterring potential intruders. Look for homes that have motion-sensor lighting or the potential for easy upgrades to make sure all outdoor areas are properly illuminated.

8. Water Safety Features

If the home has a pool, hot tub, or other water features, make sure there are proper safety measures in place. A pool should have a secure fence with a self-locking gate, and hot tubs should have covers that children cannot easily open. Also, be sure to check that there are no sharp edges or areas around the water where accidents could happen.

9. Neighborhood Safety and Community Features

While not directly tied to the home itself, the neighborhood plays a key role in overall safety. Research the neighborhood’s crime rate, ask about the local school district, and find out if the area has a neighborhood watch program. Proximity to parks, hospitals, and emergency services are also important factors to consider when it comes to the safety of your family.

10. Fireplace and Chimney Inspections

If your new home includes a fireplace, ensure it has been properly maintained. A chimney that is clogged or not up to code can lead to dangerous situations, such as house fires. Have a professional chimney inspection done to make sure it’s safe to use. Regular maintenance is key to preventing accidents and keeping your home warm and cozy.

Safety should always come first when selecting a home for you and your family. While it’s easy to get caught up in finding a space that fits your needs and personal style, don’t overlook these crucial safety features that will help provide peace of mind in your new home. Remember, it’s not just about finding a place to live—it’s about finding a home where you can feel secure and protected every day.

If you’re looking for more tips on family-friendly homes or need help finding your dream home with all the right safety features, feel free to reach out. I’d be happy to help guide you every step of the way!

Good News! The Bank of Canada cut its key interest rate by 0.25%. This move was widely anticipated and marks the Bank’s latest step in easing borrowing costs.

Here’s how today’s cut may affect you:

• Variable-rate mortgages: Expect a drop in your interest rate and monthly payments once lenders adjust their prime rates. Most are expected to lower to 4.70%, with TD’s mortgage prime rate slightly higher at 4.85%.

• Fixed-rate mortgages: No immediate impact today. Fixed rates are tied more closely to bond markets, which can still shift in response to the Bank’s actions and broader economic conditions.

• Lines of credit and other loans tied to prime: Borrowing costs should ease slightly as prime rates move lower.

What you can do next

• Renewal in the next few months? Let’s discuss rate-hold options and timing.

• Considering a purchase or refinance? I can run the numbers and see what today’s cut means for your budget.

The Bank’s next rate decision is October 29, 2025. Between now and then, inflation and economic data will guide the path from here.

If you’d like a quick check-in or a full review, reply here and I’ll map out your best options.

Best regards,

Paul Macara
Mortgage Professionao

Buying a home today isn’t easy. High prices, strict borrowing rules and the challenge of saving for a down payment have made it harder than ever for young Canadians to get into the market. For many, the difference comes down to whether their family can step in to help.

A recent survey from Mortgage Professionals Canada found that 70% of buyers who received financial help from family wouldn’t have been able to purchase a home otherwise. That figure speaks volumes about how important intergenerational support has become. But not every parent or grandparent has cash on hand to give. In many cases, most of their wealth is tied up in a home they’ve worked hard to pay off.

That’s where a reverse mortgage can offer a solution.

How it works

A reverse mortgage allows homeowners aged 55 and older to unlock a portion of the equity in their property without having to move or make monthly payments. The money can be taken as a lump sum or in instalments, and the loan, along with the interest, isn’t repaid until the home is sold.

For families, this has become a way to provide meaningful support to the next generation. The funds can be used toward a down payment, education expenses, or simply to give adult children and grandchildren a financial leg up. At the same time, homeowners remain in the property they’ve built their lives around.

Things to consider

Because no payments are made along the way, interest compounds over time. That means there may be less equity left in the home down the road, which can affect inheritance plans. It’s important to look closely at how a reverse mortgage fits into overall financial and estate planning before making a decision.

Even with those considerations, reverse mortgages have grown in popularity because they allow families to share the benefits of home equity today without the burden of additional monthly payments or waiting until a home is sold. In an environment where affordability challenges continue to mount, it’s a tool that’s worth exploring.
 
Every family’s situation is unique. I help people work through all kinds of financial circumstances. Let’s review your options so you can make the best decision for you and your loved ones. Contact me today and we’ll walk through the numbers together.

Paul Macara
Mortgage Professional
(250) 857-4741
paul@macaramortgages.com