In recent years, mortgage stress tests have been a significant topic of discussion within the Canadian real estate market. These stress tests, implemented by the Office of the Superintendent of Financial Institutions (OSFI), have aimed to ensure that … [Read more...] about The Impact of Mortgage Stress Tests on Canadian Homebuyers
Renewals
Up for Renewal
When it comes time to renew your mortgage, most lenders will send you a renewal letter when there is 3 to 6 months remaining on your term. While nearly 60% of borrowers simply sign and send back their renewal without ever shopping around for a more … [Read more...] about Up for Renewal
Mortgage Renewals 101
If you are coming up to your mortgage renewal date, you may have already received a letter from your Lender. Typically, these are sent out when there are 3 months remaining on your term. While nearly 60% of borrowers simply sign and send back their … [Read more...] about Mortgage Renewals 101