06/08/2026
Toronto homeowners are getting trapped in a financial house prison.
The Bank of Canada says nearly 1 in 10 Toronto mortgage holders may not qualify to refinance in 2027 if home prices stay depressed .
That means no easy refinance, no moving lenders, and no access to equity when they need it most .
If you buy at your maximum borrowing power, you leave yourself no room when rates rise or prices fall.
Buy with a buffer.
Because borrowing power is not the same as affordability.