Mortgage Broker Barrie, Ontario

Mortgage rates in Barrie change daily based on the Bank of Canada's overnight rate and bond yields. Craig Brunsdon shops over 60 lenders — including major banks, credit unions, and monoline lenders — to find the lowest rate for your specific situation. Call (705) 238-1097 or submit a consultation request to get today's best rate.

With home prices down 8–11% year-over-year, Barrie is firmly in buyer's market territory for 2026. That means more negotiating power, longer listing times, and motivated sellers. Combined with Lake Simcoe access, GO Train commuter convenience to Toronto, and a growing local tech economy at Georgian College, Barrie offers strong long-term value.

For a home priced at $663,000 (the Barrie average), you'd need a minimum 10% down payment — 5% on the first $500,000 and 10% on the remaining $163,000 — totalling roughly $41,300. Homes over $1 million require 20%. Craig helps you structure the most efficient down payment strategy, including RRSP and FHSA programs for first-time buyers.

Yes. Most pre-approvals are completed within 24–48 hours with Craig's team. You'll need recent pay stubs, a Notice of Assessment, bank statements, and ID. A pre-approval locks your rate for up to 120 days and shows Barrie sellers you're a serious buyer — crucial in a market where conditions can shift quickly.

First-time buyers in Barrie can access the First Home Savings Account (FHSA) for tax-free savings up to $40,000, the Home Buyers' Plan (HBP) to withdraw up to $35,000 from RRSPs, the First-Time Home Buyer Incentive for shared-equity support, and Ontario's Land Transfer Tax refund up to $4,000. Craig helps you combine these for maximum savings.

With Barrie's current buyer's market and prices down from 2022 peaks, buying now locks in lower prices before the next upswing. Monthly mortgage payments on a $663,000 home with 10% down are comparable to renting, but you're building equity instead of paying someone else's mortgage. Craig offers a free rent vs. buy analysis — just ask.

Yes. If you've owned your Barrie home for several years, you may have significant equity you can access through refinancing or a HELOC (Home Equity Line of Credit). This is commonly used for debt consolidation, renovations, or investment property down payments. Craig will calculate your available equity and shop lenders for the best refinancing rate.

At renewal, your current lender will offer rates — but these are rarely their best. Craig shops 60+ lenders on your behalf to find a better renewal rate, potentially saving you thousands over your next term. He'll also review whether a shorter or longer term, fixed or variable rate, best matches your financial plans in Barrie's current market.