Pegasus Blog

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

Most economists do not expect Canadian mortgage rates to fall this summer. The Bank of Canada is holding its policy rate at 2.25%, and its

Yes. Lenders in Canada are still actively financing real estate in 2026, and most major lenders plan to grow their lending this year. Approval still

Yes — mortgage problems are getting worse in Ontario and Toronto, but the strain is concentrated, not widespread. As of Q1 2026, Ontario’s 90+ day

Canada's First-Time Home Buyers' GST Rebate removes the 5% federal GST on a newly built home worth up to $1 million for buyers who qualify