How to Get a Mortgage in 2025 (Even If the Banks Say No)

Getting a mortgage in Canada isn’t what it used to be. Between tighter stress test rules, rising home prices, and stricter bank lending criteria, more Canadians are hearing the dreaded word: “Denied.”But here’s the good news: being denied by a bank doesn’t mean you’re out of options. In fact, more Canadians than ever are securing […]

How to Renew Your Mortgage with a New Lender

When your mortgage term ends, your lender will likely send you a renewal offer, but that doesn’t mean you have to accept it. In fact, mortgage renewal is one of the best times to shop around and switch to a better rate or a more flexible solution. At Cannect, we believe every renewal is an […]

Rate Holds vs. Rate Cuts: How to Prepare Either Way

Whether rates stay the same or start to fall, here’s how to stay ahead with your mortgage strategy. As we move deeper into 2025, the Bank of Canada’s recent decision to hold the key interest rate at 2.75% has left many Canadians wondering: What should I do next? Will rates go down? Should I lock […]

Easy Mortgage Renewal Tips to Save Money in 2025

When your mortgage term ends, you’re faced with a decision: renew with your current lender or explore other options. While it might be tempting just to sign the renewal offer that lands in your inbox, doing so without looking at the bigger picture could cost you thousands of dollars in the long run. At Cannect, […]

Bruised credit? How to still buy a home in 2025

Are you dreaming of owning a home in Canada but worried your credit score might stand in the way? Many Canadians face challenges with less-than-perfect credit, often due to past financial bumps, unexpected life events, or simply a lack of credit history. The good news is, bruised credit doesn’t have to be a permanent roadblock […]

What Mortgage Can I Afford? Here’s How to Find Out

Buying a home is exciting, but figuring out how much mortgage you can afford? That part can be confusing. Whether you’re a first-time buyer or looking to upgrade, knowing your affordable mortgage amount is the first step to a confident purchase. At Cannect, we believe in smarter borrowing. We’re not just here to tell you […]

Are You 6 Months from Your Mortgage Renewal? Here’s What You Need to Know

If your mortgage is coming up for renewal in the next 6 months, you might be tempted to let your current lender send you a mortgage renewal letter and just sign on the dotted line. It’s easy, it’s quick… but it might not be the best move for your finances. At Cannect, we believe this […]

How to Decide Between Refinancing and a Second Mortgage

When you need to access the equity in your home, whether it’s for renovations, consolidating debt, or unexpected expenses, you generally have two popular options: a second mortgage or refinancing your current mortgage. Both can get you the funds you need, but choosing the right one depends on your situation. What Is Mortgage Refinancing? Refinancing […]

Big Banks Say No? Why Self-Employed Loans Aren’t Always Risky

In today’s world, being self-employed isn’t unusual. In fact, it’s more common than ever. From gig workers to consultants to entrepreneurs running thriving businesses, millions of Canadians are building their careers on their terms. But when it comes time to apply for a mortgage, self-employed borrowers often hit a frustrating wall: big banks label them […]

Is Now a Good Time to Buy a House in Canada?

The Canadian housing market is always a hot topic, with home prices, mortgage rates, and economic conditions constantly shifting. If you’re wondering whether now is a good time to buy a house in Canada, the answer isn’t one-size-fits-all. Mortgage Rates Are Trending Down Over the past few years, interest rates have been high as the […]