Under One Roof

Should you buy a home now, or keep renting and saving for a bigger down payment? It's one of the biggest financial decisions prospective homebuyers face, and waiting isn't always the money-saving strategy it seems. This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga explore the true cost of waiting to buy a home, including rising property prices, mortgage rates, down payments, and the hidden costs of both renting and homeownership.

Plus, Fred Pichette and Martin Spalding explain why the lowest mortgage rate doesn't necessarily mean you're getting the best mortgage. From expensive penalties for breaking your mortgage early to restrictions on portability and prepayments, we look at the fine print that could end up costing you thousands of dollars.

We're also breaking down the housing and mortgage proposals in Canada's 2026 federal budget, including new financing options, affordable housing investments, and changes that could affect Montreal's real estate market.

IN THIS EPISODE

What's Happening in the Market: Federal Budget 2026 and What It Means for Housing

Ottawa's latest federal budget includes several proposals aimed at increasing housing supply, expanding mortgage financing options, and encouraging competition among lenders.

• Why the federal government is proposing to extend restrictions on foreign purchases of existing residential properties until 2029 while exempting newly built homes

• How proposed changes to bank ownership rules could encourage greater competition among mortgage lenders

• Plans to increase the home-price ceiling for optional mortgage insurance from $1 million to $1.5 million

• Proposed 30-year amortizations for eligible insured mortgages involving first-time buyers or newly built homes

• New mortgage-insurance flexibility for three- and four-unit properties, as well as residential buildings with five to 50 units

• An additional proposed $13 billion over ten years for Build Canada Homes, beginning in 2028–29

• Efforts to improve mortgage rate transparency, review prepayment penalties, and develop a CRA income-verification service

• Why the success of these measures will depend on implementation, actual housing construction, and lender participation

We also discuss Canada's slowing economic growth, pressure on household budgets, and why buyers and homeowners should plan ahead when making major financial decisions.

Real Estate: The Cost of Waiting, Should You Buy Now or Keep Renting?

LJ tackles one of the most common questions from prospective homebuyers: is it better to purchase a property today or continue renting while building your savings?

• How to calculate whether buying now or waiting makes more financial sense

• Why renting isn't necessarily throwing money away

• The costs of homeownership that don't directly build equity, including mortgage interest, property taxes, insurance, and maintenance

• Whether waiting to save a 20% down payment could actually cost you more in the long run

• How rising home prices can offset the benefits of a larger down payment

• Why waiting for lower mortgage rates doesn't always guarantee a better deal

• How increased buyer competition could influence property prices if interest rates fall

• The financial and lifestyle questions buyers should consider before deciding whether to purchase now or wait another year or two

Mortgages: Why the Lowest Mortgage Rate Isn't Always the Best Deal

When shopping for a mortgage, most borrowers naturally focus on getting the lowest possible interest rate. But the cheapest rate on paper can sometimes become the most expensive option.

Martin shares a hypothetical example of a couple choosing between two five-year fixed mortgages: one at 4.19% and another at 4.29%.

The lower rate initially looks like the obvious winner. But when the couple decides to sell their home two years later, the differences in their mortgage contracts could result in thousands of dollars in additional penalties.

We explore:

• Why the lowest advertised mortgage rate isn't always the best choice

• How mortgage penalties are calculated when you break your contract early

• Understanding interest rate differential penalties and why they can be so expensive

• What happens if you sell your home before your mortgage term ends

• Mortgage portability and whether you can transfer your existing mortgage to a new property

• How prepayment privileges can help homeowners pay down their mortgages faster

• Why different lenders offer different levels of flexibility

• What borrowers should ask their mortgage broker before signing a new mortgage or renewing an existing one

The takeaway: A mortgage should fit your financial situation and future plans, not just offer the lowest interest rate. Understanding the terms of your contract could save you thousands of dollars down the road.

PROPERTY OF THE WEEK

Thinking about making the move from renting to owning? This week's featured property is a renovated top-floor condo at 7408A Avenue Christophe-Colomb in Montreal's Villeray neighbourhood.

With no neighbours above you, a spacious balcony perfect for watching the sunset, and an excellent location near parks, public transit, and neighbourhood amenities, this condo offers an appealing opportunity for first-time buyers.

Highlights include:

• One bedroom plus a den, ideal for a home office

• Renovated interior

• Large private balcony

• Heat pump

• Low condo fees of just $172 per month

• Walking distance to Jean-Talon metro, Jarry Park, and the Patro Villeray pool

Listed at $435,000.

Contact Nanyunzi at LJ Realties for more information.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: What does a real estate appraisal determine?

Answer: A real estate appraisal determines the market value of a property through an independent professional assessment based on the property's characteristics, condition, and comparable local sales.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Thinking about buying a duplex or triplex as an investment? Before you start dreaming about rental income, it's time to do the math! This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga break down the numbers every real estate investor should understand before purchasing an income property. From cash flow and operating expenses to cap rates and return on investment, we're looking at how to determine whether a rental property actually makes financial sense.

Plus, Martin Spalding explains why accepting your bank's first mortgage renewal offer could be an expensive mistake. We'll explore when to stay with your current lender, when to shop around, and how negotiating your renewal rate could save you thousands of dollars.

We're also discussing the latest Bank of Canada interest rate increase and what higher borrowing costs could mean for Canadian homeowners.

IN THIS EPISODE

What's Happening in the Market: Interest Rates Are Rising Again

The Bank of Canada has raised its key interest rate by 0.25 percentage points to 2.50%, marking its first increase in more than three years, according to this week's show script.

• Why September inflation reaching 3.1% prompted concerns about rising prices

• How higher energy costs are influencing the Bank of Canada's outlook

• Why major Canadian banks have increased their prime lending rates from 4.45% to 4.70%

• What a quarter-point increase means for variable-rate mortgages and home equity lines of credit

• Why fixed mortgage rates don't necessarily move in step with the Bank of Canada's overnight rate

• How Canada's interest rate decisions compare with those of the U.S. Federal Reserve

• What homeowners should consider if their mortgage is variable or approaching renewal

Real Estate: Investment Property Math, Does That Rental Actually Make Financial Sense?

LJ walks us through the numbers that matter when evaluating a potential investment property.

• What's the first calculation you should make when considering a duplex or triplex?

• Why advertised rental income doesn't tell the whole story

• How to calculate a property's actual operating income after expenses

• What it means for a rental property to be cash-flow positive or negative

• How mortgage payments affect your monthly cash flow

• Understanding capitalization rates, or cap rates, and how they help investors compare properties

• How to calculate your return on investment based on the money you've personally invested

• Why investors need to budget for vacancies, unexpected repairs, major renovations and unpaid rent

A property generating $50,000 a year in rental income might sound like a fantastic investment, but what matters is how much you're actually keeping after expenses.

Mortgages: Your Mortgage Is Up for Renewal. Should You Stay, Switch, or Negotiate?

Martin shares the story of Sophie and Marc, a Montreal couple who had been loyal to the same bank for nearly 15 years.

When their mortgage came up for renewal, their bank offered them a five-year fixed rate of 4.79%. Rather than simply accepting it, they decided to explore their options and discovered a potential rate of 4.29% elsewhere.

That half-percentage-point difference represented approximately $111 in monthly savings, or more than $6,600 over five years in reduced mortgage payments.

Armed with that information, they returned to their existing bank and negotiated a more competitive offer without having to switch lenders.

We discuss:

• Why homeowners shouldn't automatically accept their bank's first renewal offer

• How early you should begin preparing for your mortgage renewal

• The potential benefits of comparing rates and negotiating with your existing lender

• Whether switching lenders means having to qualify for your mortgage all over again

• Choosing between a fixed and variable rate at renewal

• What to do if your mortgage payments are increasing beyond what you can comfortably afford

• Why loyalty to your bank doesn't always guarantee the best mortgage deal

The takeaway: You don't necessarily have to switch banks to save money on your mortgage. Sometimes, simply knowing your options gives you the negotiating power you need.

PROPERTY OF THE WEEK

This week, we're heading to 4030 Rue Évangéline in Verdun, a spacious two-level condo offering nearly 1,500 square feet of living space.

Highlights include:

• Two bedrooms, with space for a home office

• A wide, open-concept layout perfect for entertaining

• Private parking

• Condo fees of just $282 per month

• Walking distance to Wellington Street, the metro and the St. Lawrence riverfront

Listed at $725,000.

Contact Amanda at LJ Realties for more information.

We're also featuring 2024 Avenue de l'Église in Côte-Saint-Paul, a two-bedroom townhome with an indoor garage.

Listed at $585,000.

Contact Yann at LJ Realties for details.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: What does it mean when a property is sold without legal warranty?

Answer: In Quebec, a property sold without legal warranty is generally sold "as is," meaning the buyer assumes greater responsibility for defects discovered after the sale and has more limited legal recourse against the seller for hidden defects.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Could buying a duplex or triplex actually make more financial sense than purchasing a traditional single-family home? This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga explore how first-time buyers can use rental income to help offset their mortgage payments, build equity, and potentially get into the real estate market sooner. But becoming a homeowner and a landlord at the same time comes with responsibilities that buyers need to understand.

Plus, Fred Pichette and Martin Spalding tackle a question facing many Canadian families: how can parents help their adult children purchase their first home without jeopardizing their own financial future? From gifting down payments to co-signing mortgages and tapping into home equity, we explore the risks, responsibilities, and important conversations families should have before making a commitment.

We're also looking at the latest developments in Canada's mortgage market, including rising fixed rates, renewed inflation concerns, and the possibility of another Bank of Canada interest rate increase.

IN THIS EPISODE

What's Happening in the Market: Fixed vs. Variable Mortgages as Interest Rates Shift

After a period of declining interest rates, Canadian borrowers are facing renewed uncertainty as bond yields climb and economists reconsider where the Bank of Canada's policy rate might be headed.

• Why Canada's September inflation rate of 3.1% has renewed concerns about interest rates

• Why some economists are forecasting a potential Bank of Canada rate increase on October 28

• How rising government bond yields influence fixed mortgage rates

• Why fixed and variable mortgage rates respond to different economic factors

• The advantages and disadvantages of choosing a fixed-rate mortgage versus a variable-rate mortgage

• How mortgage penalties can differ depending on the type of loan

• Why shorter fixed terms of two or three years might be worth considering

• How to make a mortgage decision based on your personal finances rather than trying to predict the market

We also discuss the Canadian Real Estate Association's revised housing sales forecast and CMHC's concerns that slowing construction today could contribute to future housing shortages.

Real Estate: Buying a Duplex or Triplex as Your First Home

LJ explores whether purchasing an owner-occupied multiplex could be a smart alternative to buying a single-family home.

• How living in one unit and renting out the others can help offset your mortgage expenses

• Whether rental income can help first-time buyers qualify for a larger mortgage

• How down payment requirements and financing differ for owner-occupied duplexes and triplexes

• The additional expenses buyers need to consider, including property taxes, insurance, maintenance, and repairs

• What happens when you purchase a multiplex with existing tenants

• Understanding landlord responsibilities and tenant rights under Quebec's rental laws

• What buyers need to know if they want to move into a unit that's currently occupied

• Common red flags to watch for when evaluating an income property

• How an owner-occupied duplex or triplex can become a stepping stone toward a single-family home or a larger real estate portfolio

Buying a multiplex can offer financial advantages, but it's important to understand that you're not just purchasing a home. You're also taking on the responsibilities of a rental property owner.

Mortgages: Helping Your Kids Buy Their First Home Without Risking Your Retirement

Martin shares the story of Robert and Diane, a couple approaching retirement who wanted to help their daughter and son-in-law purchase their dream home.

They contributed $80,000 toward the down payment and agreed to co-sign the mortgage. But when their son-in-law lost his job, the couple separated, and mortgage payments stopped, Robert and Diane suddenly found themselves responsible for a $600,000 mortgage on a property they didn't own outright or live in.

Fourteen months later, they'd paid nearly $48,000 in mortgage payments on top of their original $80,000 contribution, putting their retirement plans in jeopardy.

We explore:

• The different ways parents can help their adult children purchase a home

• Whether it's better to gift money toward a down payment or structure it as a loan

• What parents are legally and financially responsible for when they co-sign a mortgage

• Why co-signing can put retirement savings and financial security at risk

• The potential consequences if the primary borrowers lose their income, separate, or stop making payments

• Whether parents should consider using the equity in their own home to help their children

• The importance of understanding your own retirement needs before making a financial commitment

• What families should discuss with mortgage and financial professionals before moving forward

The takeaway: Helping your children become homeowners can be incredibly rewarding, but it shouldn't come at the expense of your own financial security.

PROPERTY OF THE WEEK

This week, we're heading to Pierrefonds, where LJ is showcasing a bright top-floor condo offering excellent value in Montreal's West Island.

Highlights include:

• Beautiful park views

• Natural light throughout the unit

• An open-concept kitchen with an island

• Convenient in-unit laundry

• Three private parking spaces

• Monthly condo fees of just $233

• Easy access to public transit, parks, and nearby amenities

Listed at $400,000.

Contact LJ at LJ Realties for more information.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: What is a contingency fund in a condo building used for?

Answer: A contingency fund, also known as a reserve fund, is a mandatory financial reserve used to pay for major repairs and the replacement of a condominium building's common elements.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Sometimes, the smartest real estate decision you can make is knowing when to walk away. This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga discuss the warning signs that should make homebuyers think twice before committing to a property. From troubling home inspections and financing complications to questionable seller disclosures and unexpected repair costs, we explore when it's worth negotiating and when it's better to move on.

Plus, Fred Pichette and Martin Spalding explain why a great salary, excellent credit score, and substantial down payment don't necessarily guarantee mortgage approval. We'll explore how credit cards, car loans, and lines of credit can affect your borrowing power, and what you can do to improve your chances of qualifying.

We're also looking at a growing concern in the mortgage industry: AI-generated documents and mortgage fraud.

IN THIS EPISODE

What's Happening in the Market: AI and Mortgage Fraud

Artificial intelligence is making it easier than ever to create convincing financial documents, and lenders are taking notice.

• Why Equifax Canada is warning about AI-generated mortgage application fraud

• How falsified pay stubs, employment letters, and income statements can be used to misrepresent a borrower's financial situation

• Why declining reported fraud rates don't necessarily mean fraudulent applications are disappearing

• The difference between identity theft and misrepresenting your own income or debts

• Why lenders require extensive documentation to verify income, employment, and down payments

• Mortgage Professionals Canada's proposal to allow lenders to verify borrower income directly with the Canada Revenue Agency, with appropriate consent and privacy safeguards

• How buyers can protect themselves and prepare accurate documentation before applying for financing

We also touch on the latest housing market trends, including the contrast between national and Montreal home prices, shifting buyer preferences, and the impact of bond yields on fixed mortgage rates.

Real Estate: When Should You Walk Away From a Property?

LJ discusses the moments when walking away from a home purchase might be the best decision you can make.

• How to recognize when emotional attachment is clouding your judgment

• Home inspection red flags that deserve serious attention

• When major repairs or structural concerns should make you reconsider a purchase

• What happens when a lender's appraisal comes in below the agreed purchase price

• What buyers should look for in Quebec's seller's declaration

• Seller behaviours that could signal trouble, including withholding information or pressuring buyers

• How unexpected repairs can push an already stretched budget beyond what's reasonable

• Distinguishing genuine warning signs from normal homebuying nerves

• Why it's important to understand your obligations before abandoning an accepted offer

Mortgages: How Credit Cards, Car Loans, and Debt Affect Your Mortgage Approval

Martin shares the story of Marie-Josée, a successful professional earning $150,000 annually, with a 790 credit score and $120,000 saved for a down payment.

Despite her strong financial profile, her bank declined her mortgage application for a $650,000 home.

The problem? Her existing debt obligations.

Between a $950 monthly car payment, $15,000 in credit card debt, and a $20,000 personal line of credit, Marie-Josée had approximately $2,000 in monthly debt obligations under the illustrative qualifying calculations used in her case.

We explore:

• Why a high credit score doesn't automatically mean you'll qualify for a mortgage

• How lenders calculate debt obligations when assessing affordability

• Why carrying a credit card balance can reduce your borrowing power, even if you always make your minimum payments

• How expensive vehicle payments can affect your ability to purchase a home

• Whether an unused line of credit can influence your mortgage qualification

• The difference between managing debt responsibly and having the capacity to take on additional debt

• How paying down existing balances can improve your financial position

• What prospective buyers should do in the six months leading up to a mortgage application

The takeaway: Mortgage approval isn't just about how much money you earn. It's also about how much of that income is already committed to other financial obligations.

PROPERTY OF THE WEEK

This week, we're visiting a Mile-End landmark known as The Red House, located at 5742 Avenue de l'Esplanade in Montreal.

This century-old property underwent a complete transformation in 2020, combining historic character with modern finishes and amenities.

Highlights include:

• Four plus one bedrooms and three full bathrooms

• A chef's kitchen featuring a gas stove

• A beautiful ensuite with a clawfoot tub, skylight, and heated floors

• A dedicated gym

• Front and rear balconies

• Walk Score of 96 and Bike Score of 100

Located in one of Montreal's most vibrant neighbourhoods, this property offers a combination of architectural character, modern luxury, and exceptional walkability.

Listed at $2,600,000.

Contact Amanda at LJ Realties for more information.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: What is a declaration of co-ownership?

Answer: A declaration of co-ownership is an official, notarized legal agreement that establishes and regulates a divided co-ownership (condominium) property.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Condo or house? It's one of the biggest decisions homebuyers face, and the right answer isn't always about price. This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga break down the financial and lifestyle differences between owning a condo and a house, from maintenance costs and condo fees to freedom, flexibility and long-term resale value.

Plus, Martin Spalding explains why getting approved for a mortgage involves more than having good credit and a steady income. Through the story of a homebuyer who lost his dream property because his paperwork wasn't ready, we explore the documents lenders need, how requirements differ depending on the type of mortgage, and what you can do to avoid costly delays.

We also look at whether Greater Montreal is finally shifting toward a buyers' market, and what that could mean for anyone planning to buy or sell.

IN THIS EPISODE

What's Happening in the Market: Is Montreal Becoming a Buyers' Market?

After years of bidding wars and intense competition, the Greater Montreal real estate market may finally be shifting in favour of buyers.

• September home sales dropped 12% compared with last year, while active listings increased by 20%

• Why more inventory could mean more negotiating power for buyers

• How long properties are taking to sell, particularly condominiums

• Why home prices haven't necessarily fallen despite slowing sales

• How rising fixed mortgage rates could offset some of the savings buyers negotiate

• Whether bidding wars are becoming less common and sellers are adjusting their expectations

• What buyers and sellers should consider over the next three to six months

Real Estate: Condo vs. House, Which One Makes Sense for You?

LJ walks us through the important considerations when choosing between condo ownership and a traditional house.

• What questions should buyers ask themselves before deciding between a condo and a house?

• How do the ongoing costs of ownership compare?

• Why understanding a condo's declaration of co-ownership and building rules is essential

• What condo fees actually cover, and why unusually low fees can be a warning sign

• How homeowners should budget for major expenses like roof replacements, foundation repairs and heating systems

• What buyers should consider about long-term resale value, especially if they plan to move again in five or ten years

Mortgages: The Documents You Need to Get Approved

Martin shares the story of David, a homebuyer who found the perfect property and had his offer accepted, only to lose the home when he couldn't provide the documentation required for mortgage approval before his financing deadline.

The problem wasn't necessarily his income or credit. It was the paperwork.

We discuss:

• Why lenders require so much documentation before approving a mortgage

• The importance of current employment letters, pay stubs and tax records

• How to properly document your down payment, including money transferred between accounts or gifted by family members

• Why an account balance screenshot isn't enough to establish the source of your funds

• Whether B-lenders require less documentation than traditional banks

• How documentation requirements differ for reverse mortgages and private lending

• Why mortgage brokers can't always rescue an application at the last minute

• How to organize your documents before making an offer to avoid unnecessary delays

The takeaway: Having the financial means to qualify for a mortgage is only part of the equation. If your lender can't verify your information before the financing deadline, you could lose the property.

PROPERTY OF THE WEEK

This week's featured property is 4595–4597 Rue Quevillon in Saint-Hubert, a modern duplex built in 2017.

The property features a three-bedroom upper unit and a one-bedroom basement unit, both currently occupied with leases in place.

Generating nearly $50,000 in annual gross rental revenue, this fully tenanted property offers an opportunity for investors looking for a newer income property on Montreal's South Shore.

Listed at $900,000.

Contact LJ at LJ Realties for more information.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: What is a conditional offer?

Answer: A conditional offer is an offer to purchase a property that depends on certain conditions being satisfied, such as obtaining financing or completing a satisfactory home inspection.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Buying your first home is exciting, but there's a LOT that happens between deciding you're ready to buy and finally getting the keys. This week on Under One Roof MTL, Robyn Flynn and LJ Aguinaga discuss the unexpected costs, difficult decisions, and common surprises first-time homebuyers should prepare for.

Plus, Martin Spalding explains the world of alternative mortgage lending, better known as B-lenders. If you've ever been turned down for a mortgage by a traditional bank, that doesn't necessarily mean homeownership is out of reach. We explore who these lenders serve, how they qualify borrowers, and why they can be particularly useful for self-employed Canadians.

IN THIS EPISODE

What's Happening in the Market: Fixed vs. Variable Mortgages

With fixed mortgage rates climbing and variable rates becoming increasingly competitive, borrowers are facing an interesting decision.

• Why fixed mortgage rates are rising even without a Bank of Canada rate increase

• How Government of Canada bond yields influence fixed mortgage rates

• Why variable rates are currently attracting more attention

• How inflation and slowing economic growth are complicating future interest-rate decisions

• Why the difference between fixed and variable rates matters when choosing a mortgage

• How your financial circumstances and tolerance for uncertainty should factor into the decision

Real Estate: Buying Your First Home, What Nobody Warns You About

LJ Aguinaga walks us through some of the biggest surprises awaiting first-time buyers, beyond simply saving for a down payment.

• The unexpected expenses first-time buyers often forget to budget for

• How to establish a realistic homebuying budget

• What surprises buyers once they actually start visiting properties

• Distinguishing between must-haves and nice-to-haves

• What to expect when making your very first offer

• What happens between an accepted offer and getting the keys

• Common mistakes that can jeopardize a purchase

• LJ's biggest piece of advice for anyone preparing to buy their first home

Mortgages: Understanding B-Lenders and Alternative Mortgage Financing

Martin takes a deep dive into B-lenders, explaining why borrowers who don't qualify with a traditional bank may still have other financing options.

Using the example of Daniel, a successful self-employed business owner whose taxable income doesn't reflect his company's actual revenue, we explore how alternative lenders can assess a mortgage application differently.

• What exactly is a B-lender, and how does it differ from a traditional bank or private lender?

• Why self-employed borrowers sometimes struggle to qualify for conventional mortgages

• How business bank statements and stated-income programs can help demonstrate borrowing capacity

• Why borrowers with bruised credit or higher debt ratios may consider alternative lending

• Understanding GDS (Gross Debt Service) and TDS (Total Debt Service) ratios

• The potential drawbacks of B-lenders, including higher interest rates, lender fees and appraisal requirements

• How alternative mortgage financing can sometimes help homeowners consolidate expensive debt

• Why a B-lender can be a temporary stepping stone toward returning to conventional financing

A mortgage rejection from your bank doesn't necessarily mean you can't get a mortgage. Sometimes, a different type of lender may be able to accommodate your financial circumstances.

PROPERTY OF THE WEEK

This week we're heading to Unit 505 at 505 Lucien-L'Allier, a beautiful two-level condo in the heart of downtown Montreal.

Featuring panoramic city views, a gas fireplace, two private balconies, and a mezzanine that can serve as a home office or guest space, this property offers downtown living with plenty of flexibility.

An indoor garage is included, and the condo is just an eight-minute walk from the metro, with Griffintown, the Lachine Canal and Atwater Market nearby.

Listed at $750,000.

Contact Amanda at LJ Realties for more information.

TRIVIA QUESTION OF THE WEEK

Brought to you by Felix & Norton Cookies!

Question: If your mortgage interest rate can rise or fall during your term, what type of mortgage do you have?

Answer: A variable-rate mortgage.

Visit Felix & Norton at the Blue Haven Shopping Centre, 3705 St-Jean Boulevard in DDO.

GET IN TOUCH

LJ Aguinaga – Real Estate 514-578-6397 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management 514-754-8443 plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Housing affordability is one of the biggest issues facing Quebecers heading into the October 5 provincial election. So this week on Under One Roof MTL, we're taking a closer look at what the major parties are proposing to do about it.

From tax breaks and down-payment assistance for first-time buyers to rent control, social housing, construction targets and deregulation, the parties are offering very different approaches. We break down the housing promises from the Coalition Avenir Québec, Parti Québécois, Québec solidaire, Quebec Liberal Party and Conservative Party of Quebec so you can compare them for yourself.

Plus, we look at the latest mortgage and affordability headlines, including fixed rates creeping higher, variable rates becoming more competitive, and the financial pressure facing Canadian homeowners and families.

In This Episode

What's Happening in the Market

• The Bank of Canada continues to hold its key interest rate at 2.25%
• Why fixed mortgage rates have been creeping higher
• Why some variable-rate mortgages are becoming more attractive again
• The financial pressure higher mortgage payments are putting on homeowners
• The growing number of Canadian parents financially supporting their adult children
• Why affordability remains one of the biggest stories in housing

Why Voting Matters in Quebec

With Quebecers heading to the polls, we look at why provincial politics matters to homeowners, renters and prospective buyers.

Housing, health care, education, taxes, infrastructure and the cost of living are all provincial issues voters are weighing. Quebec is also dealing with the economic effects of the ongoing Canada-U.S. trade dispute, including the impact on businesses, workers, investment and exports.

Whatever issues matter most to you, take the time to learn about your local candidates and the parties' platforms and make your own decision at the ballot box.

Quebec Election: Housing Promises by Party

Housing has emerged as a major issue in this election. Here's the full party-by-party breakdown of the housing proposals discussed on this week's show:

Coalition Avenir Québec (CAQ)

The CAQ is focusing heavily on helping people purchase their first home while trying to make it easier to increase housing supply.

• Increase Quebec's homebuyer tax credit to as much as $7,000 for first-time buyers, applying to both new and existing homes
• Reduce red tape and speed up government approvals for housing construction
• Simplify some construction rules
• Add more affordable housing for seniors
• Provide additional support for people experiencing homelessness

In simple terms: help first-time buyers with some of the upfront costs of homeownership while trying to get housing built faster.

Parti Québécois (PQ)

The PQ is also emphasizing homeownership and reducing costs for first-time buyers.

• Refund the Quebec sales tax on the purchase of a new home for first-time buyers, potentially representing significant savings
• Increase the existing first-home tax credit
• Reduce paperwork and speed up housing approvals
• Make it easier to develop prefabricated and standardized housing
• Introduce additional social and affordable housing measures
• Expand initiatives aimed at reducing homelessness

In simple terms: make purchasing a new home less expensive for first-time buyers while reducing barriers to adding housing supply.

Québec solidaire (QS)

Québec solidaire is putting considerably more emphasis on renters, rent regulation and government-supported housing.

• Initially limit rent increases to inflation before introducing a stronger rent-control system
• Create 50,000 social and community housing units through new construction and the purchase of existing properties
• Offer qualifying first-time buyers a government loan of up to $50,000 toward their down payment
• Create a public rent registry
• Introduce stronger rules targeting speculation
• Strengthen measures involving landlords who repeatedly violate tenant protections

In simple terms: stronger renter protections, substantially more non-market housing and government assistance toward the down payment for some first-time buyers.

Quebec Liberal Party (PLQ)

The Liberals are putting a major emphasis on significantly increasing Quebec's overall housing supply.

• Set a long-term target of 100,000 new homes per year
• Refund part of the Quebec sales tax on new homes, worth up to $10,000 in many cases
• Add 40,000 social and affordable housing units over five years
• Use incentives to encourage private investment in new housing construction
• Expand both market and affordable housing supply

In simple terms: dramatically increase housing construction while using incentives to encourage private development and expanding social and affordable housing.

Conservative Party of Quebec (PCQ)

The Conservatives are focusing primarily on deregulation and reducing what they view as barriers to building housing.

• Simplify Quebec's Construction Code
• Reduce the number of regulated construction trades
• Make it easier for construction workers to move between trades and regions
• Exempt residential construction from some existing labour rules
• Reform parts of the landlord-tenant system
• Review how government housing assistance is delivered

In simple terms: reduce regulation, bureaucracy and construction restrictions with the goal of making housing faster and less expensive to build.

The Big Picture

The parties are approaching Quebec's housing affordability problem from different directions.

The CAQ and PQ are putting considerable emphasis on helping first-time buyers while reducing barriers to construction.

The Liberals are emphasizing a major increase in overall housing supply, combined with incentives for private construction and additional affordable and social housing.

Québec solidaire is focusing more heavily on renters, rent regulation, social housing and direct government assistance.

The Conservatives are emphasizing deregulation and reducing the cost and complexity of residential construction.

Different approaches to the same fundamental challenge: how to make housing more accessible and affordable for Quebecers.

Property of the Week

This week's featured property is 295 Rue Mazarin in Pointe-aux-Trembles, offering plenty of room for a growing or intergenerational family.

The home features five bedrooms, two full bathrooms, two kitchens and two separate entrances, allowing extended family members to have their own space. It's six minutes from the EXO train and close to schools, parks and shopping.

Listed at $499,900.

Trivia Question of the Week

Question: What is the purpose of a mortgage pre-approval?

Answer: A mortgage pre-approval provides an indication of how much a lender may be willing to lend you and may include an interest-rate hold for a specified period, subject to the lender's conditions.

Get in Touch

LJ Aguinaga – Real Estate 514-500-4040 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

What happens when you inherit a home and suddenly have to figure out what to do with it? This week on Under One Roof MTL, LJ Aguinaga walks us through the process of selling an inherited property, from the paperwork that needs to happen first to deciding whether to renovate, repair, or simply sell the home as-is.

Plus, Fred and Martin break down reverse mortgages: how they work, who they're designed for, how much equity homeowners may be able to access, and why someone might choose a reverse mortgage instead of refinancing or using a HELOC. We also explain why fixed mortgage rates are rising even though the Bank of Canada hasn't raised its key interest rate.

In This Episode

What's Happening in the Market: Why Are Fixed Mortgage Rates Rising?

The Bank of Canada hasn't raised its key rate, but some fixed mortgage rates are moving higher. We break down why the bond market matters and what borrowers should be watching.

• Why fixed mortgage rates can rise without a Bank of Canada rate increase
• The connection between inflation, bond yields and fixed mortgage rates
• Why variable and fixed mortgage rates respond to different forces
• What rising bond yields could mean if you're buying, renewing, or refinancing
• Why securing a rate hold may be worth considering
• Why the lowest mortgage rate isn't necessarily the best mortgage

Real Estate: Selling an Inherited Property

Selling a home through an estate comes with some unique considerations. LJ explains what families should expect and how to avoid making an already complicated process more difficult.

• What needs to happen before an inherited property can be listed for sale
• How selling an inherited home differs from selling your own residence
• Whether it's worth repairing or updating an older home before putting it on the market
• Who makes the decisions when multiple family members inherit a property
• How to establish the home's market value without letting emotional attachment influence the price
• When selling as-is may make more sense than spending months renovating
• Common mistakes families make when preparing an inherited property for sale
• What families can do ahead of time to make the eventual process easier

Mortgages: Reverse Mortgages Explained

Using a real-life homeowner example, Fred and Martin take us through the basics of reverse mortgages and the situations where this type of financing may be considered.

• What exactly is a reverse mortgage?
• Who are reverse mortgages designed for?
• How much money can a homeowner access?
• What are the biggest advantages and drawbacks?
• Why choose a reverse mortgage instead of refinancing?
• How a reverse mortgage differs from using a HELOC

Property of the Week

This week we're heading to 1765–1767 Rue Le Caron in Côte-Saint-Paul, a well-maintained duplex that offers an opportunity to live in one unit while collecting rent from the other.

The property features new windows, doors, and exterior staircases completed in 2024, a spacious private backyard, and more than $36,000 in annual revenue potential.

Listed at $750,000.

Trivia Question of the Week

Question: What does it mean to have equity in your home?

Answer: Home equity is the portion of your home's value that you own, calculated by subtracting your outstanding mortgage and other debts secured against the property from its current market value.

Get in Touch

LJ Aguinaga – Real Estate 514-500-4040 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Is it ever a good idea to list your home high just to "see what happens"? This week on Under One Roof MTL, we're looking at why an ambitious asking price can backfire, how buyers react to stale listings and price drops, and why getting the price right from day one matters.

Plus, tariffs, inflation and economic uncertainty are creating some big questions for Canadian homeowners. We look at what the current trade war could mean for mortgage rates and Montreal real estate, and Fred and Martin explain how refinancing your mortgage can be used to consolidate high-interest debt.

In This Episode

What's Happening in the Market: Tariffs, Mortgage Rates & Montreal Real Estate

The trade war is no longer just about tariffs. We look at how higher costs and economic uncertainty could make their way into your mortgage and the housing market.

• Why homeowners with a mortgage should care about tariffs
• How tariffs can contribute to inflation while simultaneously slowing the economy
• Why economic uncertainty doesn't automatically mean mortgage rates will fall
• The difference between what drives variable and fixed mortgage rates
• What the latest Montreal housing numbers are telling us about buyers, sellers and inventory
• Why growing economic and employment uncertainty can cause buyers to put their plans on hold

Real Estate: Pricing Your Home Right From Day One

LJ Aguinaga breaks down why "testing the market" with an overly ambitious asking price can end up hurting sellers.

• How a realtor determines what a home is actually worth in the current market
• Why listing high and planning to reduce the price later can backfire
• Why the first week or two on the market is so important
• How buyers react to stale listings and multiple price reductions
• Whether competitive pricing can generate more interest and potentially multiple offers
• What happens when a seller believes their home is worth more than the comparable sales suggest
• When and how to correct the price if you got it wrong the first time

Mortgages: Refinancing to Consolidate High-Interest Debt

Could the equity in your home help you get expensive debt under control? Fred and Martin explain how mortgage refinancing for debt consolidation works and who it may make sense for.

• Why homeowners might consider refinancing to consolidate debt
• How debt consolidation through a mortgage refinance actually works
• Why a lower monthly payment doesn't automatically mean refinancing is the right decision
• The advantages of working with a mortgage broker instead of simply calling your bank
• Who makes a good candidate for refinancing

Property of the Week

This week's featured property takes us to the 19th floor of 1500 René-Lévesque Ouest in downtown Montreal. Unit 1911 features floor-to-ceiling windows with sweeping city views, a luxury kitchen, two bedrooms, two bathrooms and a heated indoor garage.

Residents also have access to a rooftop terrace, heated pool, spa and gym, with the metro and downtown Montreal just steps away.

Listed at $825,000.

Trivia Question of the Week

Question: What is the difference between a mortgage term and an amortization period?

Answer: The term is the length of your current mortgage contract, while the amortization is the total amount of time planned to pay off the mortgage.

Get in Touch

LJ Aguinaga – Real Estate 514-500-4040 ljrealties.com @ljaguinaga | @ljrealties

Plex Dr Property Management plexdr.com

Fred & Martin – Mortgage Experts FredAndMartin.com

Under One Roof MTL [email protected]

Thinking about tackling some exterior projects this summer? Before you spend thousands on landscaping, paving stones, or a backyard makeover, it's worth knowing which upgrades actually add value to your home—and which ones don't.

This week on Under One Roof MTL, LJ Aguinaga breaks down the exterior improvements that make the biggest impact on curb appeal, resale value, and buyer interest. Plus, Fred and Martin answer another round of frequently asked mortgage questions from listeners.

In This Episode: What's Happening in the Market Right Now

• The Bank of Canada holds interest rates steady once again
• What the latest rate decision means for homeowners and buyers
• What happens if a landlord stops making mortgage payments?
• Could tenants be forced out if a rental property is repossessed?

Real Estate: Summer Upgrades That Actually Add Value (and the Ones That Don't)

Thinking about improving your home's exterior? LJ shares where homeowners should—and shouldn't—spend their money:

• How driveway resurfacing, paving stones, and walkway repairs influence first impressions
• The landscaping upgrades that boost curb appeal without breaking the bank
• Whether decks, patios, pergolas, gazebos, and outdoor kitchens actually increase value
• Summer projects that homeowners often overspend on
• The best exterior improvements for homeowners working with a limited budget
• How outdoor spaces can help a home sell faster and stand out from the competition

Mortgages: Frequently Asked Mortgage Questions

Fred and Martin answer another round of listener mortgage questions, covering topics such as:

• Interest rates and mortgage strategy
• Renewals and refinancing
• Borrowing options in today's market
• Common misconceptions homeowners have about their mortgages
• Practical advice for navigating today's lending environment

Trivia Question of the Week

Question: What is a bridge loan?

Answer: A bridge loan is a short-term financing solution used to bridge the gap between purchasing a new property and selling an existing one. It provides temporary access to funds until longer-term financing is in place.

Get in Touch LJ Aguinaga – Real Estate

📞 514-500-4040

📱 Instagram & Social Media: @ljaguinaga | @ljrealties

Plex Dr Property Management

📞 514-709-6397

Fred & Martin – Mortgage Experts

🌐 FredAndMartin.com

📧 [email protected]