Pegasus Blog

How Long Does a Mortgage Rate Hold Last in Canada?

A mortgage rate hold in Canada typically lasts 90 to 120 days from the date your pre-approval is issued. Some lenders extend holds to 130 days for new-construction purchases or specific product lines. If market rates drop before closing, select

Mortgage Rate Lock vs Float Down in Canada: 2026 Guide

Mortgage Renewal Statement Canada: What's Required

Mortgage Renewal Statement: What Must Be Included (Canada)

Switching Mortgage Lenders at Renewal: Is It Worth It?

Co-Ownership of a Home in Canada: How It Works (2026)

Co-ownership in Canada — the short version Co-ownership means two or more people share both the title and the mortgage on a single Canadian property.

Gen Z Home Buyers in Canada: How They Make It Work

Gen Z Canadians are reaching homeownership by making three trade-offs at once: cutting lifestyle spending to grow a down payment, accepting higher mortgage rates than

Property Flipping Tax Canada: The 365-Day Rule Explained

This article is for informational purposes only and does not constitute financial, tax, or legal advice. Speak with a licensed mortgage professional and a qualified

Principal Residence Exemption & Cottages in Canada

This article is for informational purposes only and does not constitute financial or tax advice. Speak with a licensed mortgage professional before making any mortgage

GST/HST Instalment Due Oct 31, 2026: What You Owe

The third GST/HST instalment for 2026 is due October 31, 2026 , covering the July–September quarter. Annual filers whose net GST/HST owing was $3,000 or

Productivity Mega Deduction Canada: Is It Permanent Now?

Yes — if enacted as proposed, Canada’s Productivity Mega Deduction is a permanent measure, not a temporary one. Announced by Prime Minister Mark Carney on

How Many Homes Does Canada Need to Build? CMHC 2026

Canada needs to build between 417,000 and 469,000 new homes every year through 2036 to restore housing affordability to pre-pandemic (2019) levels, according to CMHC's

Variable Rate Mortgage Canada: Why Borrowers Shifted 2026

Canadians are choosing variable-rate and shorter-term fixed mortgages because borrower expectations have shifted with the rate cycle. CMHC data shows that in Q1 2026, 35.5%

Mortgage Renewal Regret in Canada: Avoid These Mistakes

Yes, a meaningful share of Canadians regret their mortgage renewal choices. In CMHC's Mortgage Consumer Survey, 25% of mortgage consumers said they regretted at least

Core vs Headline Inflation: What It Means for Your Mortgage

Core inflation strips out volatile items like gasoline and fresh food to show the underlying trend the Bank of Canada actually targets. Headline inflation is

Canadian Mortgage Bonds & the New U.S. Rules Explained

Canadian mortgage bonds are debt securities backed by pools of Canadian residential mortgages. The 2026 SEC no-action letter lets Canadian covered bonds be marketed to

Blended Mortgage Rates When Porting: 2026 Canada Guide

A blended mortgage rate is a single interest rate a lender creates by combining your existing mortgage rate with today’s rate on any additional money