MCAP Blog

Home renovations have the unique ability to elevate your space, your comfort, and your property value - all at once. Whether you’re upgrading your kitchen, finishing a basement, or improving your home’s energy efficiency, renovations can increase your property value while enhancing your daily comfort. But before you book the contractor or shop around for quotes, there’s one big question every homeowner needs to answer:

Mortgage renewals are a timely subject right now. With roughly 60% of all outstanding mortgages in Canada expected to renew in 2025 or 2026, many homeowners will have questions about their upcoming renewal. We spoke with some of the MCAP Renewal Account Managers to discuss common challenges, questions, and tips they had regarding mortgage renewals in the current market.

For many first-time buyers, breaking into the housing market can feel overwhelming. Rising home prices, high interest rates, and strict lending requirements can make homeownership feel out of reach. But an alternative path is starting to gain traction: co-buying a property with family, friends or in some cases, even like-minded strangers.

If you're a Canadian homeowner, refinancing your mortgage can be a smart way to lower your monthly payments, access home equity, consolidate debt, or even become mortgage-free sooner. But timing matters. Knowing when to refinance — and when it might cost you more than it saves — can make all the difference.

The number of condo units in Canada is steadily rising, with condominiums accounting for roughly 15% of the country’s housing. In major urban centres like Toronto and Vancouver, this share is considerably higher, with condos representing between 25% and 35% of occupied homes.