bySean Cooper

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Seize the Shift: Why Canada’s 2025 Housing Market Is a Hidden Gem for Investors

2 weeks ago | burnyourmortgage.ca | Sean Cooper |bySean Cooper

After a sluggish end to 2023 and a hopeful start to 2024, Canada’s housing market was showing signs of life—until it wasn’t. Fast forward to early 2025: home sales fell nearly 10% in just one month, the steepest drop in years. In Toronto alone, sales plummeted a staggering 30%. But here’s the twist: this isn’t bad news for everyone. For investors with a keen eye and steady nerves, this dip is actually a golden opportunity.
The Cash Back Mortgage Hack: Slash Your Rate Without Paying a Dime Upfront

3 weeks ago | burnyourmortgage.ca | Sean Cooper |bySean Cooper

Let's talk about a little-known mortgage move that could save you thousands—without you needing to cough up a penalty fee out of pocket. If you're stuck in a high-rate mortgage but still have time left on your term, you might think you have no choice but to wait it out. Breaking your mortgage means paying a penalty, right? And who has thousands of dollars just sitting around for that? Well, what if you could get out of your high-rate mortgage and avoid paying the penalty upfront?
You Missed the Best Time to Buy-Now What?

1 month ago | burnyourmortgage.ca | Sean Cooper |bySean Cooper

Let’s be honest—2020 was a dream for homebuyers. Prices were lower, and mortgage rates hovered around 2.84%. But if you didn’t take the plunge, you’re not alone. Plenty of people held off, waiting for that so-called "perfect" moment. Fast forward to today: prices have climbed, interest rates have bounced around, and some buyers are still on the sidelines. But here’s the deal—there’s no such thing as a perfect time to buy. There’s only the right time for you.
Lower Rate with Higher Penalty or Higher Rate with Lower Penalty?

2 months ago | burnyourmortgage.ca | Sean Cooper |bySean Cooper

When shopping for a mortgage, most people focus on one thing—getting the lowest interest rate. Makes sense, right? But what if life throws you a curveball and you need to break your mortgage early? That "great" low rate could end up costing you big time if the penalties are steep. So, how do you decide? Here’s the trade-off:Lower rate, higher penalty: You’ll save on interest, but breaking your mortgage early could be brutally expensive.