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Pegasus Mortgage Lending Center Inc.

Pegasus Blog

Ontario OCASE Tax Credit Changes: Will You Still Qualify?

If your hours have been cut in Ontario and you have not yet missed a mortgage payment, you are in the widest-option window — act in that window, not after a missed payment shows on your credit file. Call your

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Variable Rate Mortgage Canada: Why Borrowers Shifted 2026

Canadians are choosing variable-rate and shorter-term fixed mortgages because borrower expectations have shifted with the rate cycle. CMHC data shows that in Q1 2026, 35.5%

Mortgage Renewal Regret in Canada: Avoid These Mistakes

Yes, a meaningful share of Canadians regret their mortgage renewal choices. In CMHC's Mortgage Consumer Survey, 25% of mortgage consumers said they regretted at least

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