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Pegasus Mortgage Lending Center Inc.

Pegasus Blog

Mortgage on a Work Permit in Ontario: GTA Buyer's Guide

Yes — you can typically get a mortgage in Ontario while on a valid work permit, and you do not need permanent residency to buy a home. Lenders will usually ask for a valid permit with meaningful time remaining, a

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Mortgage Renewal Letter: When Your Bank Must Notify You

Federally regulated lenders in Canada must send a mortgage renewal letter at least 21 days before the end of your current term. The letter typically

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

Mortgage Rate Lock vs Float Down in Canada: 2026 Guide

In Canada, a mortgage rate lock (also called a rate hold) typically secures your quoted rate for 90 to 120 days while you shop or

Mortgage Renewal Statement: What Must Be Included (Canada)

In Canada, a mortgage renewal statement from a federally regulated lender must disclose the remaining principal balance, the new interest rate, the payment amount and

Switching Mortgage Lenders at Renewal: Is It Worth It?

Last updated · October 2026 Quick answer Switching mortgage lenders at renewal is often worth it when the rate savings over the new term clearly

Modular & Manufactured Home Mortgages Canada 2026

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

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