# Mortgage Insights - Fall 2024 ![Fall Leaves](https://d2r7yk1mqahd04.cloudfront.net/images/Fall-Leaves.png) ### Fall 2024 # As the leaves fall away, so do some mortgage rules. [Email link](https://mailchi.mp/truenorthmortgage/boc-rate-up-by-5383861) ## A kaleidoscope of mortgage changes. The federal government decided that this Fall 2024 was the **perfect** time to post a **heap** of insured and uninsured mortgage rule [changes](https://www.truenorthmortgage.ca/blog/will-mortgage-rules-change-canada). (Just when we were getting **cozy** to finish out the year watching mortgage rates [fall](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast).) Will these latest changes **impact** your home [buying](https://www.truenorthmortgage.ca/blog/mortgage-changes-2024), [renewing](https://www.truenorthmortgage.ca/blog/stress-test-mortgage-renewal), or [suite-upgrade](https://www.truenorthmortgage.ca/blog/insured-refinance-secondary-suites) plans? *Leaf through the recent rules below.* ## Falling rates haven't hit ground (yet). Mortgage [rates](https://www.truenorthmortgage.ca/rates) are **truly** finding their 'fall' — both variable and fixed — opening up better budget options for home buyers and those coming up for [renewal](https://www.truenorthmortgage.ca/mortgage-solutions/renewals-transfers). They haven't bottomed out yet, but it's nice to see **some relief** for our True North clients after enduring [months](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast) of peak interest rates. ## Nor the white stuff (yet). And when you think 'fall' — of course, you immediately think of our **Fall Home Maintenance** tips and tasks (below) to help [prepare](https://www.truenorthmortgage.ca/blog/fall-home-maintenance) your abode for what's coming (hint: it's cold, flakey, and the opposite of colour). --- # Let's rake it up. Recent mortgage rule changes, all together. ### Biggie-sized home-buying options. Changes to insured mortgages, like 30-year extensions, are tapped to help first-time and new-build buyers. **[TWO RULE CHANGES](https://www.truenorthmortgage.ca/blog/mortgage-changes-2024)** ### No stress test for uninsured renewal switches. Finally, those with more home equity can access better rates and mortgages at renewal. **[ONE RULE CHANGE](https://www.truenorthmortgage.ca/blog/stress-test-mortgage-renewal)** ### Home (suite) home? Insured refinances are back, but only for a very specific purpose: building a secondary suite on your property. **[ANOTHER RULE CHANGE](https://www.truenorthmortgage.ca/blog/insured-refinance-secondary-suites)** ### And … will these changes push up home prices? Experts are mixed on how changes might impact housing markets. Keep up with the progress and gossip here. **[HOUSING FORECAST](https://www.truenorthmortgage.ca/blog/housing-market-forecast)** --- ## A harvest of great rates! Have to buy or renew [before](https://www.truenorthmortgage.ca/blog/when-you-have-to-renew-before-mortgage-rates-drop) rates drop even more? Concerned about where rates are [headed](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast)? Check out our rate [specials](https://www.truenorthmortgage.ca/rates), and call today to hold your rate. --- # Don the Plaid! ## And Get'r Done ## Fall Home Maintenance Tasks Love the smell of fallen leaves? Breathe it in while you rake (and rake). Or maybe you have a person (or kids) for that. Check out our Fall [tips and tasks](https://www.truenorthmortgage.ca/blog/fall-home-maintenance) to help protect your home before the non-coloured stuff flies. --- ## Curl up with your pumpkin spice (latte? pie?) — while we do the mortgage work. We make it **easy** to get your lowest rate with the [flexible](https://www.truenorthmortgage.ca/mortgage-solutions/pre-payment-penalties-and-privileges) mortgage options you **deserve**. We put you first (not the [lender](https://www.truenorthmortgage.ca/blog/bank-vs-broker)). And we quickly get to the bottom of all the options to find your **best mortgage solution**. Every leaf is unique, and so are your mortgage details and rate. We're here to **help** simplify your savings and process, no matter whether your needs are straightforward or more [complex](https://www.truenorthmortgage.ca/mortgage-solutions/complex-mortgages). ## [Easily apply](https://apply.truenorthmortgage.ca/apply) online now **OR** ## [Talk to a broker](https://www.truenorthmortgage.ca/company) in your preferred language --- ### Layer up with great advice. - [Worried about your renewal? We can help](https://www.truenorthmortgage.ca/blog/worried-about-your-mortgage-renewal) - [How does an insured mortgage help you?](https://www.truenorthmortgage.ca/blog/what-is-an-insured-mortgage) - [Learn about multigenerational mortgages](https://www.truenorthmortgage.ca/blog/multigenerational-mortgages-canada) - [Need a Fall refinance? Access lower payments or extra funds](https://www.truenorthmortgage.ca/blog/refinance-for-funds) **[REAP YOUR LOW RATE BENEFITS NOW](https://www.truenorthmortgage.ca/rates)** / /