Navigating Your Mortgage Renewal in 2025: What Ontario Homeowners Need to Know

If your mortgage is coming up for renewal this year, you’re in good company. According to the Bank of Canada, about half of all Canadian mortgages are due to reset between 2024 and 2026, and 2025 is a peak year for renewals. The kicker? Most of these were originally taken out or last renewed when […]

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Don’t Leave Your Mortgage Behind – All Things Porting A Mortgage

In the dynamic landscape of real estate, homeowners often find themselves needing to relocate before their mortgage term concludes. In such scenarios, porting your mortgage can be a financially savvy strategy. This process allows you to transfer your existing mortgage—along with its current interest rate and terms—to a new property, potentially saving you from prepayment […]

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New Credit Score Requirements

Understanding Minimum Credit Scores for Mortgages If you’re looking to buy a home, your credit score is more important than ever. Banks have tightened their lending policies, and the minimum credit score for insured mortgages has increased from 600 to 680. This means buyers need to be financially prepared before starting their home search. Why […]

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30-Year Amortizations and More Government Mortgage Reforms

Let’s face it—owning a home in Canada has been a stretch for many, especially Millennials and Gen Z. The dream of a cozy space to call your own has often felt like a distant goal. But here’s the good news: the Canadian government is shaking things up with some game-changing mortgage reforms. If you’re wondering […]

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Why Locking in Your Mortgage Rate Early Matters

Timing is everything in the world of mortgages, especially when it comes to renewals. If your clients’ mortgage renewal is coming up, securing their rate 4-5 months in advance can make a significant difference. It’s not just about locking in a number; it’s about saving money, reducing stress, and staying ahead of market fluctuations. Here’s […]

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