In January 2025, the six-month trend in housing starts declined by 2.5% to 236,892 units, yet the total monthly seasonally adjusted annual rate (SAAR) of housing starts increased by 3% compared to December. This shift demonstrates a complex market where demand for housing persists, but supply faces fluctuations due to economic and policy changes.
What This Means for Homebuyers
Despite the market's evolving nature, purchasing a home remains a strong investment opportunity. Housing starts in urban centres increased by 7% year-over-year, with multi-unit projects driving much of the growth, particularly in Quebec and British Columbia. However, Toronto saw a decline of 41% in housing starts, primarily due to fewer multi-unit developments. These shifts create both opportunities and challenges for buyers navigating today’s real estate landscape.
How Lendworth Can Help You Get Approved
At Lendworth, we specialize in equity-based mortgage solutions, making homeownership more accessible, even if traditional banks turn you away. Unlike conventional lenders who rely heavily on income and credit scores, our approach focuses on property equity, location, and liquidity.
Here’s how Lendworth sets itself apart in securing mortgages for homebuyers:
- Quick Approvals: We offer 48-hour approvals, ensuring you get a fast decision on your mortgage application.
- No or Bad Credit? No Problem! Our approvals are primarily based on the equity in your property rather than income and credit history.
- No Existing Appraisal Required: Our experienced credit committee, with extensive real estate and legal expertise, can approve mortgages even without an appraisal.
- Rapid Funding: We can fund your mortgage in as little as one week, allowing you to close deals with confidence.
- Flexible 1-Year Terms: Our mortgage terms provide you with enough time to improve your credit, refinance with a bank, or sell your property if necessary.
Why Choose an Equity-Based Mortgage?
In today’s housing market, securing a mortgage through traditional banks can be challenging, especially with fluctuating housing starts and economic uncertainties. With Lendworth’s equity-based approach, your ability to qualify for a mortgage isn’t tied to rigid financial criteria. Instead, we make financing simple and accessible based on the value of your property.
Get Started with Lendworth Today
If you're looking to purchase a home and need a reliable financing solution, Lendworth is here to help. Contact us today to discuss your mortgage options and experience a seamless, stress-free approval process.
Don’t let market uncertainties hold you back—secure your mortgage with Lendworth and move into your new home with confidence.