It is simple, when purchasing a home and need a mortgage; you can go to a local bank and accept one of their products only available to that institution. Or you can sit down with myself, Michael Giligson, a proud member of the Xeva Mortgage team, that has access to a wide range of lenders that will be competing for your business therefore offering a variety of products for you to choose from and the best interest rates possible with the best terms. It is a benefit to use me, a member of the Xeva Mortgage Team as we have access to more than 40 lenders including Canada’s largest banks, Credit unions, Trust Companies and private lenders. We give you unbiased advice and take the time to go through all your financing options. I will make sure you get the best mortgage available for your needs. I am here to work for you, not the banks.
Our team has more than 140 years of combined experience in the Banking and Real Estate Market. We utilize our expertise to cut through all the clutter and confusion, acting as a liaison between the lender, realtor, appraiser, credit agency, lawyers, and any other service-providers that could affect your transaction. Through our knowledge and experience we help you make sense of everything you may have trouble understanding. We know that it's especially important given the fact that your home is one of your single biggest investments. Michael utilizes an entire team that work with him at Xeva Mortgages to provide support and strength with clients' applications.
In most cases, we are paid directly by the Lender so there is no cost to our clients, and because we don't get paid until the mortgage is fully completed, we are highly motivated to move your mortgage application quickly through all the required channels. We work for you and not the banks. We are committed to finding you the best mortgage financing options available to you and that are tailored to your specific financial goals.
We are also on top of all the latest trends and innovations in our industry - from the status of interest rates to the availability of alternative financing options. With our superior technology and commitment to taking care of our clients after the transaction, you can be assured that not only now, but in the future, you will always have the best rates and products available by using Michael Giligson and Xeva Mortgage.
The difference of even a 0.25% on a mortgage can result in thousands of dollars’ worth of savings over the life of your mortgage and allowing you to be mortgage free years sooner.
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Scotiabank: Canadian Home Sales (April 2025): Housing News Flash
CANADA HOUSING MARKET: TRADE UNCERTAINTY CLOUDING THE INCOME OUTLOOK AND REDUCES HOUSING DEMAND
From March to April national sales were essentially unchanged while new listings declined, leading to a marginal rise in the sales-to-new listings ratio over this period. Despite the uptick for this indicator in April, market conditions have significantly eased since the beginning of this year as reflected by the trend decline in this indicator and the rise in the months of inventory almost to its pre-pandemic average.
National housing sales stayed relatively stable from March to April, edging down marginally (-0.1%), almost halting their constant decline since November 2024 (with a cumulative drop of 19.2%), the time when the upcoming U.S. administration made clear that imports from Canada and other countries would be slapped with steep tariffs and subsequently followed through with this stated intention. In April, sales were near 18% below their 2015-2024 period average level. National sales were -9.8% lower in April than their level in the same month of 2024.
New listings declined -1.0% nationally from March to April but are still at relatively high historical levels, exceeding their 2015-2024 period average by about 7.2%. They increased 1.2% from the same month in 2024.
Despite the modest uptick in the sales-to-new listings ratio from March to Aprilfrom 46.4 to 46.8%this indicator has been trending towards the estimated threshold for buyers favourable conditions since November of last year. Indeed, this indicator has eased considerably since the Bank of Canada started hiking its policy rate in March 2022 as sales trended down at a faster pace (a -38.3% cumulative decline since February 2022) than new listings (-5.7%).
https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-news-flash.may-15--2025.html
CREA: Declines in Canadian Home Sales Take a Pause in April Despite Ongoing Tariff Pressures
The number of sales recorded over Canadian MLS Systems was unchanged (-0.1%) between March and April 2025, marking a pause in the trend of declining activity since the beginning of the year.
Demand is currently hovering around levels seen during the second half of 2022, and the first and third quarters of 2023.
At this point, the 2025 Canadian housing story would best be described as a return to the quiet markets weve experienced since 2022, with tariff uncertainty taking the place of high interest rates in keeping buyers on the sidelines, said Shaun Cathcart, CREAs Senior Economist. Given the increasing potential for a rough economic patch ahead, the risk going forward will be if an average number of people trying to sell their homes turns into a large number of people who have to sell their homes, and thats something we have not seen in decades.
April Highlights:
National home sales were unchanged (-0.1%) month-over-month.
Actual (not seasonally adjusted) monthly activity came in 9.8% below April 2024.
The number of newly listed properties fell 1% on a month-over-month basis.
The MLS Home Price Index (HPI) declined 1.2% month-over-month and was down 3.6% on a year-over-year basis.
The actual (not seasonally adjusted) national average sale price was down 3.9% on a year-over-year basis.
https://www.crea.ca/media-hub/news/declines-in-canadian-home-sales-take-a-pause-in-april-despite-ongoing-tariff-pressures/
NBC: Residential market remains at a standstill in April amid trade uncertainty
Home sales remained relatively unchanged (-0.1%) from March to April following four monthly contractions. As a result, the number of transactions was 19% below the level in November last year, reversing last years rebound following the central banks interest rate cuts, and roughly in line with the depreciated level of sales observed in 2022. Sales increased in 6 of the countrys 10 provinces: New Brunswick (+5.2%), Manitoba (+3.3%), Quebec (+2.0%), Newfoundland (+1.9%), Nova Scotia (+1.8%), and Ontario (+1.1%). On the other hand, sales declined in B.C. (-2.3%), Alberta (-3.4%), Saskatchewan (-6.3%), and P.E.I. (-6.5%). There is no doubt that the ongoing trade conflict with the U.S. has weighed on consumer confidence and the housing market across the country, with potential buyers waiting for more economic visibility before acting.
On the supply side, new listings decreased 1.0% from March to April. Combined with the low level of sales, active listings increased by 1.9% during the month, the fourth monthly advance in a row despite still elevated cancelled listings in April. Overall, the number of months of inventory (active listings-to-sales) increased for the fifth consecutive month, edging up from 5.0 in March to 5.1 in April, its highest level since April 2019 (excluding Covid). Meanwhile, market conditions loosened slightly during the month but remained relatively balanced compared to the historical average. This balanced market condition at the national level is explained by particularly soft conditions in Ontario and B.C., while market conditions in every other province continue to indicate a favourable to sellers market. These looser market conditions have had an impact on prices, with the MLS Home Price Index declining by 1.2% month-over-month and by 3.6% year-over-year.
On an annual basis, home sales dropped by 9.8% compared to April 2024, thus reaching their lowest level for that period of the year since 2009. Sales were down in four of the ten provinces: Ontario (- 20.2%), B.C. (-14.6%), Alberta (-11.7%), and Saskatchewan (-10.6%). On the other hand, the sharpest increases were observed in Quebec (+10.0%), Newfoundland (+7.4%), and Manitoba (+6.6%). For the first four months of 2025, cumulative home sales were down 7.2% compared to the same period in 2024.
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-canada.pdf
