The biggest lie in Canadian mortgages? That you’re free to switch lenders. Today, that lie becomes truth – and it’s about saving families thousands.

Remember that feeling when you got your first mortgage approval? Today, something just as significant happened in Canada, but most homeowners don’t even know about it…

For the past decade, we’ve watched families struggle with a painful choice at renewal: stay with their current lender regardless of rates or attempt to qualify at an artificially high stress test rate just to switch. It was like being forced to prove you can run a marathon when you only needed to walk across the street.

But today marks a historic shift. That stress test barrier? Gone. And here’s why this matters: By 2026, about 70% of Canadian homeowners will face their mortgage renewal. Many of them purchased during the ultra-low rates of 2020-2022, and they’re looking at payment increases of up to 40%.

Think about that for a moment. Your neighbor with an insured mortgage could always shop freely for better rates. But if you put down 20% or more – essentially being more financially responsible – you were penalized with fewer options. Until today.

Let me break this down with real numbers: On a $500,000 mortgage, even a tiny 0.20% rate difference could save you $4,800 over your term. That’s $57 extra in your pocket every single month!

This isn’t just about numbers. It’s about choice. About fairness. About having the freedom to make the best financial decision for your family without artificial barriers.

If you’re facing renewal in the next few years, this changes everything. Let’s talk about what this means for you.

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