Pegasus Blog

A mortgage penalty calculator estimates what your lender will charge if you break your closed mortgage before the term ends. In Canada, the penalty is

A mortgage prepayment penalty in Canada is the fee a lender charges when you pay off, refinance, or switch a closed mortgage before the end

A reverse mortgage in Canada is a loan secured against your home that lets homeowners aged 55 and older convert up to roughly 55% of

When you move in Canada you have three core paths for your mortgage — port it to the new property, break it and pay a

A HELOC and a refinance are both ways to borrow against your home equity, but they solve different problems. The right choice depends on whether

▎ Quick Answer Yes — in most cases you can port a mortgage in Canada. The majority of major Canadian lenders allow you to transfer

Canadian lenders typically cap a standalone HELOC at 65% of your home's appraised value, with total borrowing (mortgage plus HELOC) capped at 80% of home

Yes, many Canadians are worried about their mortgage payments, but the share has fallen. The CMHC 2026 Mortgage Consumer Survey found that 39% of mortgage

Self-employed Canadians can qualify for a mortgage by documenting their income instead of relying on a T4 slip. Lenders typically average the net income on

Most Canadians renewing in 2025 or 2026 are likely to see their mortgage payment rise. Borrowers coming off a five-year fixed rate typically face an

Last updated: June 2026 Quick answer As of June 2026, the lowest mortgage rates in Canada are roughly 3.9%–4.0% for a 5-year fixed and around

Yes — you can use rental income to qualify for a mortgage in Canada. This works whether you rent out part of the home you