Discover the Documents Needed to Secure Home Financing

Alex Leite
Mar 17, 2022
1 min read

Essential Knowledge Series

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Smiling young Canadian couple standing proudly in front of a modern beige detached home in an Ontario suburb during golden hour sunset. The man (dark hair, beard, olive shirt) and woman (long brown hair, light dress) hold up house keys toward the camera. A semi-transparent shield overlay with a maple leaf reads "Mortgage Default Insurance" in the sky above the house, creating a welcoming homeownership vibe.

What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

Learn what mortgage default insurance (aka CMHC insurance) is in Canada and why it's mandatory when your down payment is less than 20%. This one-time premium (typically 2.8%–4.0% of your mortgage, plus 13% HST in Ontario) protects lenders if you default, letting first-time buyers enter the market with as little as 5% down. Learn minimum down payment rules, costs by LTV ratio, pros/cons, and 2026 updates, such as 30-year amortizations for new builds/first-timers.

Alex Leite

5 days ago3 min read

Group of Canadian professionals (nurse, police officer, teacher, tradesperson) in a modern setting, with a large credit score gauge (green-to-red dial pointing toward excellent) overhead. Focus on a confident nurse in scrubs in the foreground, symbolizing improved credit health for busy working adults.

How to Improve Your Credit Score in Canada – Practical Steps for Busy Professionals Over 30

As of early 2026, Canada’s economic landscape is at a pivotal crossroads, with the "Big Six" banks offering diverging visions for the year ahead. While the current Bank of Canada rate sits at 2.25%, the financial sector is split on whether we have reached the bottom of the cooling cycle. Leading institutions like BMO, RBC, and TD anticipate stability at the 2.25% mark through December 2026; however, Scotiabank and National Bank are signalling a shift, forecasting a climb back

Alex Leite

Jan 153 min read

A table displaying the December 2026 interest rate forecasts from the six major Canadian banks. BMO, CIBC, RBC, and TD Bank forecast a 2.25% Bank of Canada rate, while National Bank and Scotiabank forecast 2.75%. The table also includes 5-year bond yield forecasts for 2026 and notes explaining the interest rate premiums banks add to market yields.

2026 Interest Rate Forecast - 6 Major Canadian Banks

Alex Leite

Jan 72 min read

905 546 7399‬ - Aaron Porcaro

289 925 4829 - Alex Leite

aaron@triedandtruemortgages.ca

alex@triedandtruemortgages.ca

Discover the Documents Needed to Secure Home Financing

Essential Knowledge Series

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What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

How to Improve Your Credit Score in Canada – Practical Steps for Busy Professionals Over 30

2026 Interest Rate Forecast - 6 Major Canadian Banks

905 546 7399‬ - Aaron Porcaro 289 925 4829 - Alex Leite aaron@triedandtruemortgages.ca alex@triedandtruemortgages.ca

Essential Knowledge Series

Comments

What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

How to Improve Your Credit Score in Canada – Practical Steps for Busy Professionals Over 30

2026 Interest Rate Forecast - 6 Major Canadian Banks

905 546 7399‬ - Aaron Porcaro

289 925 4829 - Alex Leite

aaron@triedandtruemortgages.ca

alex@triedandtruemortgages.ca