Series · 6 articles

Canadian rental mortgages

Articles in reading order

1. 

   Part 1

   Canadian mortgage interest: compounding, payment dates, and the first bill

   Understand Canadian mortgage interest, semi-annual compounding and first-payment timing so your rental budget covers the actual lender schedule.

2. 

   Part 2

   Fixed and variable rental mortgages: what moves the rate and the payment?

   Compare fixed and variable rental mortgage payments, prime-rate changes and trigger risks using a clear example and product-specific contract questions.

3. 

   Part 3

   Renewal, switching, and refinancing: compare the right offers

   Separate mortgage renewal, switching and refinancing. Compare interest, fees and remaining debt on equivalent rental offers, with scoped Canadian rules.

4. 

   Part 4

   Breaking a mortgage: estimate the penalty before making a move

   Estimate mortgage break costs, understand three-month interest and IRD, and request a dated payout quote before selling or refinancing a Canadian rental.

5. 

   Part 5

   Negotiate a refinance: incentives are only part of the deal

   Compare refinance rates, fees, cashback and early-exit costs. A worked rental example separates payment relief from the full financing-cost break-even.

6. 

   Part 6

   Scaling a rental portfolio: questions to ask lenders before the next purchase

   Check rental mortgage capacity, collateral, income, guarantees and rate holds. Learn which lender limits need written confirmation before another purchase.