Skip to content
XFacebookLinkedinYoutubeInstagram
Pegasus Mortgage Lending Center Inc.

Pegasus Blog

Self-Employed Mortgage with 1 Year Income — Ontario Guide

Yes, you can qualify for a mortgage in Ontario with only one year of self-employed income — but typically not through a major bank's standard A-lender channel, which usually requires two years of Notices of Assessment. The realistic paths are

Recommended
Bank Won't Renew? Self-Employed Mortgage Fix (Ontario)
Behind on Mortgage Payments in Ontario? Stop Power of Sale
Mortgage Renewal While Unemployed in Ontario: Your Options
Pre-Construction Condo Appraised Low in Toronto? Fix It
Canadian Housing Market by Region: 2026 Outlook

Can You Trust AI for Mortgage Advice in Canada?

Mortgage Renewal Letter: When Your Bank Must Notify You

How Long Does a Mortgage Rate Hold Last in Canada?

Mortgage Rate Lock vs Float Down in Canada: 2026 Guide

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

Mortgage Renewal Stress Test: Do You Need It in 2026?

In Canada, if you switch mortgage lenders at renewal on the same loan balance and the same remaining amortization, the new lender is generally not

Mortgage Portability in Canada: Move and Keep Your Rate

Yes, most Canadian mortgages are portable, meaning you can transfer your existing rate, balance, and term to a new home when you move. Lenders typically

mortgage approval

Missed Payments & Mortgage Approval in Canada (2026)

Yes. Missed credit card, auto loan, or personal loan payments can affect your ability to get a Canadian mortgage, even if your mortgage or rent

rental housing

Toronto's $2.7B Rental Housing Deal: ACLP Explained

Toronto is funding roughly 5,600 new rental homes through a $2.7 billion partnership announced by the federal government and the City of Toronto on August

credit card debtcredit card debt

How Credit Card Debt Affects Mortgage Approval in Canada

The short version Credit card debt reduces your mortgage approval in Canada in two ways: the required monthly payment is added to your debt-service ratios,

student housing financing

Student Housing Financing in Canada: A Practical Guide

Student housing in Canada is typically financed through one of four routes: CMHC-insured multi-unit loans (including the Apartment Construction Loan Program and MLI Select) for

Mortgage Balances

Why Canadian Mortgage Balances Are Rising in 2026

Canadian mortgage balances rose about 3.9% year over year in Q2 2026, even as the total number of mortgage accounts slipped slightly. The split happens

Solar Panels & Mortgage Approval

Solar Panels & Mortgage Approval in Canada

In Canada, solar panels can affect mortgage approval based on how the system is owned. An owned solar system generally does not block approval and

30-Year Mortgage

30 Year Mortgage on a Duplex or Triplex in Canada

Yes — Canadians can get a 30-Year Mortgage amortization on a duplex or triplex, but eligibility is gated by four conditions: the property must be