Does your confidence crumble at closing?
2026-03-09 | 13:42:44
You’re not alone! A survey released by Ownright showed 97% of recent homebuyers in Ontario, who began the homeownership process somewhat confidently, felt their fearlessness fade away because of unclear terms and unexpected costs related to mortgage terms, adjustments and unexpected costs. Why is that?
According to the survey:
- 46% said mortgage terms were the most confusing part of closing
- 37% revealed they felt moderate to significant financial stress due to unclear or unexpected costs
- 39% of new home buyers said they used online resources to understand financial requirements and closing costs.
One could conclude the findings indicate transparency, not just affordability, remains a major hurdle for homebuyers.
Who do homebuyers trust the most?
According to the survey:
- 51% said they trust their lawyer the most for financial clarity during closing
- 22% said they trust mortgage lenders or advisers (let’s change that!)
- 6% said they trust online information
Conclusion:
Buying a home is the biggest financial commitment you will ever make. You need an experienced mortgage professional you can partner with [read: trust] to explain all the ins and outs – and closing costs. I’m available any time to have a conversation, whether you’re just starting the homebuying process, looking for mortgage financing, or trying to understand how mortgage financing works. Let’s chat!
Check out all the Useful Tools on my website, including a mortgage calculator, mortgage glossary, builder FAQ, and Home Buying FAQ. No fluff. Just facts.
Fabulous Family Flashback from 2016!
Running For Rachael 2026
For 14 years Running For Rachael has advanced the work of suicide prevention in Hamilton – and we’re proud of it! Last year, we raised $33,293.21 and cheered on nearly 300 participants. We want you to know, every dollar raised supports hope, help and healing in our community. This year, our goal is 350 participants! It’s so easy to be part of our team:
- Register as an individual or family
- Register a team with your friends and neighbours
- Register a team with co-workers and classmates (and start a friendly fundraising competition)
- Make a donation* and cheer us on (*donations over $20 will receive an income tax receipt)
- Become a sponsor – Talk to Tracy (email: tracy@spcch.org)
- Volunteer before, during or after the event
- Become our cheerleader and help spread the word (i.e. sharing on social media)
If you have ever been touched by suicide or know someone who has, you understand the importance that suicide prevention plays in our community. When communities come together, we realize strength, resilience, and change. Think Minnesota.
