Prepayment

Should you pick an open vs. closed mortgage? Open and closed mortgages are both useful, but you need to choose the right one. Here’s what you need to know.

How much will it cost to break your mortgage with Scotiabank? Prepayment penalties vary between banks, so here’s what you need to know.

What’s the penalty if I break my mortgage with CIBC? Prepayment penalties can be significant – here’s how to calculate them.

For many Canadians, their mortgage will be the largest debt they’ll ever take on. Fortunately, taking on a mortgage doesn’t sentence you to a life of debt because there’s a way to pay off your mortgage … Read More

In recent weeks, a number of reports have been published on the housing and mortgage industry.  We know you hate having to scramble between materials to get a complete overview of the market, so we’ve done … Read More

The new mortgage regulations take effect in a week’s time on March 18th, reducing the amortization period to 30 years from 35 years on high-ratio mortgages (mortgages with down payments of less than 20%). However, extended … Read More