Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »
I need to lower my monthly mortgage payments. Is extending my amortization period a good idea? Nov 16th
An extra five years might not seem like much, but the difference can be startling, says one expert..... More »
Bank CEOs see mortgage risk easing as attention turns to political uncertainty + MORE Jan 8th
The heads of Canada's biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place..... More »
Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes + MORE Apr 12th
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »
Family legacy: How to pass along the family cottage—and 3 things to avoid + MORE Nov 22nd
The iconic Canadian cottage stands as a symbol of family traditions, summer getaways and cherished memories. Yet, as the years pass and generations shift, the future of a family cottage can become uncertain, thanks to things like family conflicts, financial implications and differing expectations am.... More »
How can I save on monthly mortgage payments besides switching to a fixed-rate mortgage?
– thestar.com
Spreading out your mortgage balance over a longer term can help lower monthly mortgage payments and give you some wiggle room in your budget.How will the latest rate hike impact variable-rate mortgage holders?
– canadianmortgagetrends.com
Variable-rate mortgages in Canada are now averaging about 4.20%, a full percentage point higher than they were a week ago.
The Canadian mortgage stress test, explained
– moneysense.ca
The Canadian mortgage stress test applies to anyone applying for a mortgage, refinancing their current home loan, or renegotiating the terms of their mortgage contract with a federally regulated lender. And while provincially regulated lenders have more flexibility when it comes to mortgage approvals, many still use the test to evaluate customers’ financial risk. This means that most home buyers in Canada are subjected to the stress test.
“It applies to everyone—you, me, first-time buyers and 10-time buyers,” says Maxine Crawford, a mortgage broker who serves the Greater Toronto Area (GTA) and elsewhere in Ontario. “That includes people who already own a home and need to refinance or renew their mortgage [with a different lender.]”
In spite of its broad application, many Canadians have never heard of the stress test or still don’t understand how it works. Here’s what you should know before you apply for your next home loan.
What is the mortgage stress test?
First off, it’s not a test like the kind you encounter in school…
