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Posted 2 Comments on House Poor is Out. “Kid Poor” is In. Case study

House Poor is Out. “Kid Poor” is In.

Why the cost of modern parenting is drowning families—and how to be the adult in the room to fix it.

This is an article I began writing 8 months ago. I delayed publishing it because my inner circle said I would get a lot of hate mail.. Well, after seeing more families fall into these situations, I have to speak out.  For what it’s worth, I softened the wording to make this easier to digest.  

Every parent shares a universal instinct: the desire to give their children the world. We feel a heavy, almost biological responsibility to provide every opportunity life has to offer. In previous generations, this was simpler. Forty years ago, parenting often meant handing a child a stick and a ball, or a cardboard box, and telling them to play outside until the streetlights came on.

Continue reading “House Poor is Out. “Kid Poor” is In.”
Posted Bank News

Ask the mortgage expert: How to buy a home in 2026, between budgets, builders, and opportunities

Every year, homebuyers across Canada hold out for the silver bullet—a policy change that will suddenly make the path to homeownership clearer.

From tax reforms to supply-side stimulus, the landscape is changing. The question is: Are these changes enough to bridge the gap between supply and demand, and how can you leverage them to your advantage?

While there is rarely a single “fix” for a market as complex as ours, the most recent budget cycles and policy updates have introduced significant shifts that every homebuyer needs to understand. Continue Reading ….

I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

Steve Garganis: 416-224-0114; steve@canadamortgagenews.

Posted Bank News

Canada Housing disaster 2025: The Great Canadian Shell Game

If you’ve been waiting for a miracle in the Canadian housing market, I hope you like waiting. Despite the “bold” headlines coming out of Ottawa and the provinces, the average Canadian is still getting squeezed until the pips squeak.

I thought it was time to do an annual review on how our governments performed in 2025 regarding the housing shortage crisis. The quick assessment? It is a failure of math, policy, and will.

We’ve had a new budget, a new “housing czar” approach from the Federal Government, and a lot of expensive-looking agencies. But let’s look at the numbers—because the numbers don’t lie, even if the politicians do.

Continue reading “Canada Housing disaster 2025: The Great Canadian Shell Game”
Posted Bank News

Stop Bleeding Cash: Why Your Mortgage is the Ultimate Financial Power Tool

Let’s have an honest conversation about the financial squeeze many Canadians are feeling right now.

Prices are up at the pump, at the grocery store, and certainly in utility bills. But for many homeowners, the real pressure isn’t just inflation; it’s the “silent killer” of accumulated consumer debt sitting on top of their mortgage.

I see it every day in my practice. Good people, with good incomes, who have managed to build significant equity in their homes, yet they are drowning in monthly payments because they are financing their lives using the wrong tools. They are using 19.99% credit cards and 11% lines of credit for expenses that should be financed at 4-5%.

It makes absolutely no financial sense.

Continue reading “Stop Bleeding Cash: Why Your Mortgage is the Ultimate Financial Power Tool”
Posted Bank News

Ask the Expert: The homeowner’s debt dilemma — should you go Bankruptcy or Consumer Proposal?

If you’re a homeowner facing the crushing weight of debt, you’re probably aware the two most dramatic debt resolution solutions: Bankruptcy and Consumer Proposal (CP).

A Consumer Proposal is often recommended because it is seen as gentler and less damaging than bankruptcy. But for an overwhelmed homeowner, often the last thing you need is a gentle breeze. Instead, sometimes the “nuclear option” of bankruptcy can be the smarter, faster and more decisive action plan to protect your financial future.

Here’s my take, focusing on what matters most: your home, your mortgage, and your future buying power. Continue Reading…

I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

Steve Garganis: 416-224-0114; steve@canadamortgagenews.