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Fixed‑Rate Mortgage Prepayment Penalties in Canada: 3‑Months’ Interest vs. IRD

This in-depth guide explains the topic in plain language for Canadians, with concrete steps, decisions, and examples you can apply today. It focuses on clarity, accuracy, and the smallest set of actions that produce the biggest impact. What it is We start with a concise definition and the context that matters, including how banks, credit…

ByJohn WilsonAugust 12, 2025

Investing Real Estate

The Cost Of Breaking A Mortgage

Breaking a mortgage contract early can come with significant costs. The exact amount can vary depending on a variety of factors. If you're a homeowner in Canada considering breaking your mortgage contract before it's up, it's important to understand the potential consequences. Aim to minimize the costs as much as possible. In this blog post,…

ByJohn WilsonJanuary 5, 2023