Mortgage Blog

The Bank of Canada cut its policy rate by 0.25%, lowering prime to 6.95%. Learn how this affects variable payments, inflation risks, fixed rates, and what may come next.

A Purchase Plus Improvements mortgage lets you finance a home and renovations in one loan. Learn how quotes, fund releases, lender rules, and risks work.

Prepayment penalties are fees charged when you break a mortgage early. Learn IRD, 3‑month interest, fixed‑rate penalties, and why lenders charge them.

Refinancing can lower rates, change your term, or access equity—but penalties, fees, and long‑term interest costs must be weighed carefully.

A mortgage pre‑approval clarifies your budget, strengthens offers, speeds up financing, and helps you secure competitive rates before you shop for a home.