How to Navigate Canada’s Mortgage Renewal Wave in Late 2025 If your mortgage is coming up for renewal soon, you’re not alone. Canada is entering what experts are calling a renewal wave . It’s a period where a record number of homeowners will face new mortgage terms and interest rates. According to Reuters , millions of Canadians are approaching renewal in the next year, making late 2025 one of the most pivotal moments for borrowers in over a decade. Why This Renewal Season Matters More Than...

How to Protect Yourself from Mortgage Fraud Mortgage fraud might not make headlines every day, but it remains one of the most serious risks facing Canadian homebuyers. While Equifax Canada’s Q3 report shows that overall mortgage fraud is down , cases of financial misrepresentation—such as falsified income, bank statements, or employment letters—are still rampant  (source: Canadian Mortgage Trends). As the housing market softens and lenders tighten verification, now is the time for buyers to...

This morning, the Bank of Canada announced a decrease in its key interest rate by 0.25%.  The prime rate has decreased from 4.70% to 4.45%. As a result, variable-rate mortgage holders will see a decrease of approximately $15.34 per month for every $100,000 of mortgage. Now that the effects of U.S. trade actions are clearer, the Bank released new forecasts for the world and Canadian economies in its Monetary Policy Report (MPR), though uncertainty about U.S. trade policy still makes...