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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

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Essential Guide to Landlord Insurance for Renting to Students

Renting your property to students can be a lucrative opportunity, but it also brings unique challenges. Ensuring that you have the right insurance coverage tailored

Tenant Insurance Overview: What Every Renter Should Know

As Canada's rental market continues to grow, with about one-third of Canadians now renting their homes according to the 2021 census, tenant insurance is becoming

What Is Mortgage Porting? Everything You Need To Know

Mortgage porting, also known as transferring a mortgage, is a valuable feature that allows you to transfer your existing mortgage, including its interest rate and

From Pre-Approval To Closing: Pegasus Is With You Every Step

Navigating the mortgage landscape can be overwhelming, especially for first-time homebuyers. Finding the right path to homeownership can seem daunting with many lenders, mortgage types,

Canadian Housing Market July Sales in Focus Across Major Cities

The Canadian housing market has been navigating a complex landscape over the past year. Interest rate hikes, economic uncertainty, and shifting buyer sentiment have created

Variable Vs. Fixed Mortgages: Switch Now With Pegasus' Expert Guidance

The Bank of Canada's recent rate cuts have offered a glimmer of hope to borrowers feeling the squeeze of higher interest costs. But what if

Mortgage Trigger Warning: Protecting Your Finances Amidst Rising Interest Rates in Canada

In recent years, Canadian mortgage holders have faced a rollercoaster of interest rate changes. The Bank of Canada's (BoC) aggressive rate hikes between March 2022

Mortgage Stress Test

Is The Mortgage Stress Test Changing In 2024? Expert Analysis

The Canadian mortgage stress test, a policy implemented in 2018 to safeguard borrowers and the financial system against potential interest rate shocks, has been a

Canadian Housing Market Cools, Creating Opportunities in June 2024

The winds of change are blowing through the Canadian housing market, bringing a refreshing breeze of affordability to many prospective buyers. June 2024 marked a

What You Need to Know About the Bank of Canada's Key Interest Rate Now at 4.5%

The Bank of Canada (BoC) made a significant announcement on July 24th, 2024, slashing its key interest rate by 25 basis points to 4.5%. This

US Inflation Eases: What Does It Mean For Canada's Economy?

The recent slowdown in US inflation to 3% in June has ignited optimism for potential rate cuts by the Federal Reserve, influencing market expectations and

OSFI's Mortgage Market Warning: Your Action Plan To Protect Finances

A chilling report from the Office of the Superintendent of Financial Institutions (OSFI), the nation's top banking regulator, paints a grim and foreboding picture of