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

10-year fixed mortgage

Is a 10-year Fixed Mortgage the Right Choice for You in 2024?

The Canadian mortgage landscape offers a variety of options, each tailored to different needs and financial situations. While the 5-year fixed-rate mortgage reigns supreme, the

Halal Mortgage

Alberta Leads with Halal Mortgages: Shariah-Compliant Financing for Everyone

In a landmark move towards greater financial inclusion, the Alberta government has introduced legislation that will allow provincially regulated banks to offer halal mortgage products.

Vancouver housing market

Vancouver and Montreal Housing Markets Surge: Is a New Boom Ahead?

Canada's housing market has been a bit of a mixed bag lately, but two major cities are bucking the trend and showing signs of a

Ontario's Revised Housing Projections: Challenges, Criticisms, and Policy Insights

Ontario's Revised Housing Projections: Challenges, Criticisms, and Policy Insights

The Ontario government recently announced a significant revision in its housing construction projections, a move that has raised concerns about the feasibility of its ambitious

Canadian Homeowner

Federal Funding for Secondary Suites: A Breakdown for Canadian Homeowner

Canada's housing crisis is a hot topic, and the federal government has stepped in with two new programs to help increase affordable housing options: the

Bank Of Canada Interest Rate

Bank Of Canada Interest Rate Cuts: Should You Break Your Mortgage Now?

The Bank of Canada's recent interest rate cuts have provided a much-needed reprieve for homeowners facing the pressures of high mortgage payments. This shift in

The Great Divide: Unpacking Canada's Growing Wealth Gap Between Homeowners and Renters

Canada, often lauded for its social safety nets and egalitarian ideals, faces a stark reality: a widening chasm in wealth between homeowners and renters. This

The Bank of Canada Cuts Interest Rate by 50 Basis Points to 3.75%: Implications and Economic Outlook

The Bank of Canada recently made a significant move by cutting its policy interest rate by 50 basis points, lowering it to 3.75%. This decision

The Bank of Mom and Dad

The Bank of Mom and Dad - Navigating the Tricky Terrain of Parental Financial Support

The Bank of Mom and Dad has become a critical lifeline for many young adults, especially in the face of rising living costs and an

Canadian Mortgage Rates

Canadian Mortgage Rates Plummet: Is Now The Time To Buy A House?

The Bank of Canada (BoC) is widely expected to announce a significant interest rate cut this Wednesday (October 23, 2024), as inflation continues its downward

Canada Inflation Rate

Canada Inflation Rate Cools down to 1.6% : What it Means for You

In a welcome development for Canadians, the inflation rate fell to 1.6% in September, according to Statistics Canada. This marks the lowest rate since February

Rate Cut Showdown: 25 or 50 bps? The Bank Of Canada's Balancing Act

The Bank of Canada (BoC) finds itself in a precarious position. With its next interest rate announcement on the horizon, economists are engaged in a