Mortgage Tips

How prepayment penalties work in Canada: 3 months’ interest vs the IRD, the 5-year rule, and how to lower the cost before you break or refinance.

In Ontario, a Level 1 mortgage agent works with banks and credit unions; a Level 2 agent can work with all lenders, including private lenders. Here is how to check a licence on FSRA’s public search.

In 2026, OSFI-regulated lenders qualify uninsured borrowers at the greater of the contract rate + 2% or 5.25%. Here is how the stress test works, when it doesn’t apply at renewal, and how Brampton buyers can qualify.