For homebuyers in the Greater Toronto Area, 2025 is turning out to be an exhilarating time. If you’re looking to purchase a home for the first time, wanting a second home investment, or looking to ‘move up’ to a new home, the cities of Pickering and Scarborough are still filled with lots of opportunity.
However, the housing market isn’t always friendly. With interest rates fluctuating and housing prices changing quickly, it’s essential to have the right support to work with. This is where real estate agents and mortgage agents in Scarborough are your greatest ally in buying a home.
Let’s see what’s going on in the market and take advantage of it.
Why Pickering Is Still a Hot Market in 2025?
Pickering offers the best of both worlds. It is close to Toronto and has all of the family-friendly suburban charm we want in a community. The municipal government in Pickering has directed the growth and development of the city by investing in infrastructure, schools, public transportation, and community recreation opportunities, making it an attractive community for families and young professionals.
Want more? The real estate appreciation in Pickering has been healthy and is more affordable than the Toronto core. That’s why Pickering real estate agents are in such high demand—they are on the verge of local pricing trends, neighbourhood development, and buyer operations.
Are you ready to enter the marketplace to find your ideal home? What are you hoping to find: a detached home, townhouse, or condo? A qualified local agent can not only help you find what you need, but they will also be able to find it at the right time and for the right price.
Current Mortgage Rates in Pickering?
As of early May 2025, 5-year fixed rates are averaging 3.84% and 3-year fixed rates are averaging 4.04%. Certainly, current mortgage rates Pickering, are lower than they were pre-pandemic. With possible stability, even slight decreases from the Bank of Canada, we are in a great position to make your move with today’s rates.
However, rates can vary by:
- Credit score
- Stability of income
- Ratio of loan-to-value
- Insured versus non-insured mortgage
The good thing is that with knowledge and purchasing, you can access good rates. Even better, mortgage agents in Scarborough can help you compare lenders and negotiate for the best rates possible for you, saving you hundreds or thousands over the life of your mortgage.
How Mortgage Agents in Scarborough Make a Difference?
Mortgage agents in Scarborough provide a more comprehensive perspective on lending for property. Banks can only provide their products; mortgage agents provide access to a wider network of lenders, including banks, credit unions, and alternative lenders.
- With lending restrictions tightening in our current economy, property prices rising again, and homebuyers needing uniquely tailored financial solutions, the availability of a wider range of lenders is more vital than ever.
- Mortgage agents take a financial profile of you, looking at your situation and matching you with mortgage products that could work for you. This could be as a self-employed individual, certainly for newcomers to Canada, or if you have a poor credit history; mortgage agents know where to look and how to get you pre-approved quickly.
- Furthermore, mortgage agents manage the paperwork, negotiations, and follow-ups, allowing you to spend the least time managing the mortgage documents and the most time looking for your new home.
How are mortgage rates set?
There are many determining factors in how mortgage rates are set, as we discussed previously, but the single determining factor you can control is your qualifying factors for a mortgage.
Lenders review your credit score, income, debt-to-income (DTI) ratio, assets, and your other financial information to help assess risk. Then, as these qualifying factors improve, it becomes easier to control the interest rates you might be offered.
In addition, mortgage rates are affected by the economy overall and the interest rates set by the Federal Reserve. If the economic outlook is strong, rates tend to increase. And if the economic outlook is weak, rates tend to fall.
In a strong economy, people (borrowers) can afford more. This situation creates upward rates in the mortgage marketplace.
However, if the economy is declining and unemployment increases, interest rates would drop so that borrowers can afford to take out a loan.
Comparing Pickering vs Scarborough for Real Estate Buyers
Both Pickering and Scarborough are excellent places to live, but each offers unique advantages depending on your needs.
| Category | Pickering | Scarborough |
| Housing Prices | Slightly higher due to new development | More affordable options are available |
| Commute to Toronto | ~40 mins by GO train | ~25–30 mins via TTC or GO Transit |
| Property Types | Townhomes, detached, waterfront homes | High-rise condos, older detached homes |
| Investment Potential | High—growing urban plans | Moderate—steady demand from newcomers |
Buyers who want suburban living with access to urban perks may prefer Pickering. Those who want city access and cultural diversity often lean towards Scarborough.
Conclusion: Make Informed Moves with Trusted Experts
The real estate process doesn’t need to be complicated. By knowing what to look for, whom to trust, and having relationships with the right professionals, you should feel confident in your ability to purchase or refinance property, whether it is in Pickering, Scarborough, or anywhere else in Canada.
You will have the experience and knowledge of the people you choose to work with, like Pickering real estate agents and Scarborough mortgage agents, who have experience and knowledge and have your best interests at heart.
Additionally, you will learn through the entire process, from knowing the value of a home to the signing of contracts. Don’t forget to research current Pickering mortgage rates before your purchase.
Are you looking to buy, sell, or refinance your next property?
Connect with an agent or mortgage professional you can trust. There is a platform that allows you to get trusted agents and mortgage professionals in your area for properties of interest and the most recent listings. You can also obtain feedback regarding your next real estate purchase and whether it meets your goals. So, take the first step today to achieve your real estate goals!
