7 | Mortgage Moves: When to Upsize & How to Afford It - Josh Higgelke

Episode Overview:Feeling cramped? Thinking about a bigger space? Upsizing your home is a big decision—one that requires careful planning, financial strategy, and market knowledge. In this episode, we chat with mortgage expert Josh from Mortgage Connections to explore when it makes sense to upsize, financial factors to consider, and what you need to know before making the move.What You’ll Learn:Signs It’s Time to Upsize: Outgrowing your space? Here’s how to know if now is the right time. Affordability & Budgeting: How much more home can you realistically afford? Mortgage Considerations: How your mortgage changes when you upsize (porting vs. refinancing). Market Trends & Interest Rates: Is it a good time to buy a bigger home? Hidden Costs of Upsizing: Property taxes, utility costs, maintenance—what to budget for. Selling First vs. Buying First: Which strategy works best in the current market?Fun Facts & Stats: In Canada, 35% of homeowners upsize within the first 10 years of ownership. Calgary’s housing market has seen [Insert Relevant Stat] increase in demand for larger homes. The average cost of moving (legal fees, land transfer tax, movers, etc.) can range from $10,000-$25,000.Key Takeaways: Upsizing is not just about space—it’s about financial readiness and lifestyle fit.Porting your mortgage can save you from breaking penalties, but not all lenders allow it.Consider the cost of ownership beyond the mortgage payment.Timing matters—understanding market trends can help you buy smart.Josh Higgelke - [email protected]