The Canadian Real Estate Association will be releasing its September Housing Market Stats along with its third quarter report and forecast in the coming days.  But another analyst is offering a preview.  Well known housing economist Robert Hogue has released his thoughts on what to expect.  He sees more turbulence as the market moves through the autumn.  “Confidence in the Canadian housing market came under renewed pressure in September as escalation in the trade war with the United States, and rising long-term interest rates put buyers on the defensive,” Hogue wrote in a recent report.  Hogue notes that several local real estate boards recorded a…

Approaching your contract maturity date gives you a valuable opportunity to reassess your financing terms and secure substantial interest savings. Recent updates to mortgage renewal rules allow you to switch mortgage lenders on a straight transfer without facing the standard qualification hurdle. If you hold an uninsured mortgage switch scenario, understanding these regulatory guidelines helps you avoid unnecessary fees and secure competitive market rates. Reviewing your current loan balance ahead of schedule positions you to negotiate from a place of strength and choose the right partner for your long-term wealth goals.

Considering an early mortgage renewal in Canada can feel overwhelming, but taking action before your term ends could save you money and offer greater flexibility. By choosing to renew your mortgage before maturity, you gain the opportunity to lock in favourable rates and avoid potential increases down the road. You may also want to explore whether switching your mortgage lender at renewal could provide better terms or added benefits tailored to your needs. With the right guidance and a proactive approach, you can confidently navigate your options and secure the best possible outcome for your financial future.