Should You Switch Lenders at Mortgage Renewal?
Switching lenders at renewal often saves you money, because your current lender rarely offers its best rate on the renewal letter. Moving your mortgage to a new lender can secure a lower rate, but it comes with its own paperwork and a fresh approval. The right choice depends on the rate gap, any penalties, and […]
How to Negotiate Your Mortgage Renewal Rate
You negotiate your mortgage renewal by refusing the first offer and showing your lender a better rate from the market. Lenders keep a lower retention rate in reserve, and they only release it when you signal you are ready to leave. The renewal letter is an opening bid, not a final price. A short, well-timed […]
Bank of Canada Rate Decision: What June 2026 Means for Your Mortgage
The Bank of Canada rate June 2026 decision arrives on June 10, 2026, and this one is less predictable than any decision in the past 18 months. After cutting the overnight rate steadily from 5.00% to the current 2.25%, the Bank is now facing a complication: oil prices have risen above $100 USD per barrel […]