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Mortgage Renewal Advice from our Experts

Publish Date : 2025-12-02

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.

Co-Buying a Home: Is Sharing Ownership the Key to Getting into the Market?

Publish Date : 2025-09-18

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.

When Is the Right Time to Refinance Your Mortgage?

Publish Date : 2025-08-05

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.

Tips for Buying and Selling a Condo

Publish Date : 2025-07-21

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.

Winning Stories from Our MyHome Sweepstakes Homeowners

Publish Date : 2025-07-16

For MCAP homeowners, one of the best perks about having a mortgage with MCAP is the opportunity to participate in our exclusive contest, MyHome Sweepstakes. This contest, that is run annually, gives homeowners the chance to win amazing prizes like a property tax payment for the year, thousand-dollar gift cards, and even a mortgage payment of $4,000!