If your mortgage is coming up for renewal soon, you may have a great opportunity to secure a lower rate — but timing is key. Most lenders allow you to lock in a new rate up to 120 days (about four months) before your current mortgage term ends. This “rate hold” protects you from potential…
As of April 1, 2025, the Government of Newfoundland and Labrador has implemented the Mortgage Brokerages and Brokers Act, introducing updated regulations for the province’s mortgage industry. These new rules are designed to protect homebuyers and homeowners by improving transparency, professionalism, and accountability among mortgage brokers and brokerages. What’s Changing Under the new Act, all…
Located on Canada’s east coast, Newfoundland and Labrador is known for its breathtaking scenery, welcoming communities, and affordable cost of living. With more than 29,000 km of coastline, it offers plenty of space and opportunity for homebuyers looking for comfort and value. As of August 2025, the average home price in Newfoundland and Labrador was…