Pegasus Blog

In Canada, CMHC mortgage insurance is required when a buyer puts down less than 20% of the purchase price, and it is available on homes

A mortgage renewal happens at the end of your term — same lender, same loan amount, new rate. A mortgage refinance is a brand-new mortgage

The Bank of Canada held its policy rate at 2.25% on March 18, 2026. Variable-rate borrowers should see no change this cycle. Fixed-rate borrowers are

Yes — Canadian investors can still use rental income to qualify for investment property mortgages in 2026. The 2026 OSFI changes adjust how banks treat

Yes, most Canadians can still afford a home in 2026 — but qualifying income requirements remain near historic highs. The average Canadian household typically needs

As of April 2026, variable mortgage rates in Canada run roughly 0.50–0.70% lower than fixed rates. The factor most Canadians underestimate when choosing between them

As of April 2026, the lowest 5-year fixed mortgage rate in Canada is approximately 4.04% through independent mortgage brokers, and 4.29% at major chartered banks

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

If you are shopping for a home in Canada right now, mortgage rate strategy is about more than guessing whether rates will rise or fall.

A mortgage can look affordable on paper and still put real pressure on your budget. That usually happens when buyers focus on the interest rate

The new tax brackets in Canada for 2026 may affect homebuyers by slightly increasing their disposable income, particularly in lower tax brackets. This can provide

Many Canadian buyers can afford a monthly payment but still struggle to qualify for a mortgage on paper. The issue may be income, debt ratios,