Taylor Hayes Mortgage Agent

06/26/2026

I'm looking to expand my network of private investors.

If you're interested in private lending or know someone who may be, I'd love to connect. Please send me a message - I'm always looking to build relationships with trusted lending partners.

Taylor Hayes
Mortgage Agent Level 2
(416) 617-3956
[email protected]

06/25/2026

Bank of Canada says Canada isn't in a recession—despite two quarters of declining GDP. While economic growth has been weak and the labour market has softened, the Bank believes the slowdown doesn't meet the broader definition of a recession.

Policymakers expect growth to pick up in the second quarter and are continuing to balance sluggish economic activity against persistent inflation, keeping interest rates on hold for now.

Bank of Canada officials rejected the notion that the country’s economy is in recession as they set borrowing costs earlier this month, though they acknowledged weak growth and labour market slack.

06/24/2026

The latest RBC Home Ownership Poll found that 64% of Canadians don't believe there's ever a "perfect" time to buy a home.

That's exactly why I always say: Date the rate. Marry the house. 🏡

Trying to perfectly time the market or interest rates is nearly impossible. If you've found the right home and the payments fit comfortably within your budget, you can always refinance if rates come down in the future - but you can't go back and buy yesterday's house.

Focus on buying when you're ready, not when the headlines tell you to.

Prospective buyers see a possible opening in the market, but economic uncertainty and higher living costs are making the decision harder.

06/23/2026

Maintenance fees are part of your monthly housing costs and directly affect affordability. While lower fees may seem attractive, a well-managed building with slightly higher fees can often be a better long-term investment than one with artificially low fees that may require costly repairs later.

Condos are a popular choice for many first-time homebuyers owing to their lower price point and access to amenities such as gyms and pools.

06/22/2026

Canada's inflation rate climbed to 3.2% in May, the highest level since 2023, largely driven by a sharp increase in gasoline prices. Even excluding gas, inflation edged up to 2.2% as food and recreation costs also rose. The good news? Shelter inflation continued to ease, with mortgage interest costs declining slightly. While the jump in inflation may keep the Bank of Canada cautious on future rate cuts, economists expect some relief if fuel prices continue to fall in the coming weeks.

Spiking gasoline prices pushed Canadian inflation to the highest in over two years, while the breadth of price pressures narrowed and core measures were little changed.

06/19/2026

Canada’s financial regulator lowered capital requirements for the country’s largest banks for the first time in three years, giving them flexibility to lend more to support a domestic push for defense spending, critical infrastructure and artificial intelligence.

Canada’s financial regulator lowered capital requirements for the country’s largest banks for the first time in three years, giving them flexibility to lend more to support a domestic push for defense spending, critical infrastructure and artificial intelligence.

06/19/2026

Refinancing isn’t always the answer. While it can lower payments or consolidate debt, it’s important to make sure it solves the underlying financial challenge—not just delays it. The right mortgage strategy is about long-term financial health.

As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning.

06/18/2026

Morningstar DBRS says Canada's mortgage market is showing early signs of recovery, with activity expected to improve later this year. However, affordability challenges, rate uncertainty, and weaker conditions in some major markets mean the recovery is likely to remain gradual.

Morningstar DBRS says housing activity is stabilizing and mortgage volumes should improve in the second half of 2026, though affordability pressures, rate uncertainty and regional weakness continue to weigh on demand.

06/17/2026

Canadian home sales were down 5.1% from a year ago in May, but rose 5.5% from April, marking the first notable monthly increase of 2026. CREA says improving buyer activity, particularly in Ontario, suggests market momentum is beginning to build.

The Canadian Real Estate Association says home sales in May were down compared with a year ago, but there was "meaningful upward momentum" month-over-month for the first time this year.

06/16/2026

Congratulations to my clients on their closing! 🎉

We switched lenders to secure a better rate and consolidate a line of credit, helping reduce their overall monthly debt payments and improve cash flow.