A HELOC and a refinance are both ways to borrow against your home equity, but they solve different problems. The right choice depends on whether
▎ Quick Answer Yes — in most cases you can port a mortgage in Canada. The majority of major Canadian lenders allow you to transfer
Canadian lenders typically cap a standalone HELOC at 65% of your home's appraised value, with total borrowing (mortgage plus HELOC) capped at 80% of home
Yes, many Canadians are worried about their mortgage payments, but the share has fallen. The CMHC 2026 Mortgage Consumer Survey found that 39% of mortgage
Self-employed Canadians can qualify for a mortgage by documenting their income instead of relying on a T4 slip. Lenders typically average the net income on
Most Canadians renewing in 2025 or 2026 are likely to see their mortgage payment rise. Borrowers coming off a five-year fixed rate typically face an
Last updated: June 2026 Quick answer As of June 2026, the lowest mortgage rates in Canada are roughly 3.9%–4.0% for a 5-year fixed and around
Yes — you can use rental income to qualify for a mortgage in Canada. This works whether you rent out part of the home you
Yes. Lenders in Canada are still actively financing real estate in 2026, and most major lenders plan to grow their lending this year. Approval still
Last updated: June 2026 Quick Answer To get pre-approved for a new build home in Canada, you apply with a lender or broker who reviews
More housing supply is part of the solution to Canada’s affordability problem, but supply alone is not expected to fix it quickly. In 2025, national
In 2026, Canadian homebuyers are more confident than a year ago, but still cautious. CMHC’s 2026 Mortgage Consumer Survey found that 39% of mortgage holders
