# Mortgage Insights - Spring 2024

![Spring](https://d2r7yk1mqahd04.cloudfront.net/images/Spring_2026-10-09-191910_kquv.png)
### Spring 2024

# Soak up savings and the latest news.

[Email link](https://mailchi.mp/truenorthmortgage/boc-rate-up-by-2579136?)

## We like spring. It's a time of hope and renewal.

**The hope:** That the Bank of Canada will shortly [shift](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast) its position and start lowering interest rates off their 23-year high.

**The renewal:** Dropping rates would mean some relief on the horizon for mortgage [renewals](https://www.truenorthmortgage.ca/blog/worried-about-your-mortgage-renewal) — with almost 76% of [outstanding](https://financialpost.com/fp-finance/osfi-flags-mortgage-renewals-real-estate-lending-top-risks) Canadian mortgages coming into higher rates and [payments](https://www.truenorthmortgage.ca/tools/payments-calculator) by the end of 2026.

**The savings:** We have your best mortgage rates and great [advice](https://www.truenorthmortgage.ca/blog/all-the-ways-to-save-on-your-mortgage) — including home maintenance tips below — to help you save the most and find budget relief.

> **The latest.** For first-time home buyers to seasoned mortgage mavens, here's what might impact your buying and budgets.

### Is the stage set for rate drops?

See the latest numbers and CEO Dan Eisner's predictions on what's coming next (pause or drop??).

**[DAN'S RATE FORECAST](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast)**

### Are mortgage rules getting stricter?

Learn more about whether the new loan-to-income cap will affect your home-buying goals.

**[RULE CHANGES 2024](https://www.truenorthmortgage.ca/blog/will-mortgage-rules-change-canada)**

### So, is there a new RRSP withdrawal limit, or what?

$60K or still $35? For first-time buyers, the federal govt has proposed this increase — but there's confusion about when it goes into effect.

**[RRSP AS DOWN PAYMENT](https://www.truenorthmortgage.ca/blog/rrsp-home-buyers-plan)**

### A house can't do yoga. But we sure can.

Our expert brokers have the flexibility to find you the right solution — with a traditional **or** alternative lender.

**[WHAT'S THE ALTERNATIVE?](https://www.truenorthmortgage.ca/blog/alternative-b-lender)**

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## SPRING INTO A GREAT RATE!

Have to buy or renew [before](https://www.truenorthmortgage.ca/blog/when-you-have-to-renew-before-mortgage-rates-drop) rates drop?

Concerned about where rates are [headed](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast)?

Check out our 3-year rate [special](https://www.truenorthmortgage.ca/rates), and call today to hold your rate.

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## Spring Home Maintenance!

Need an excuse to get outside? Take a few minutes with our spring-timely [tips and tasks](https://www.truenorthmortgage.ca/blog/your-spring-home-maintenance-checklist) to help protect your home against rain and pests and check on cooling systems.

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## When the birds sing, we muse about how much we can save you.

As housing activity warms up, and we look forward to simplifying your mortgage process.

We put you first (not the [lender](https://www.truenorthmortgage.ca/blog/bank-vs-broker)). And we dig deep (in our vast mortgage garden) to shop rates and [products](https://www.truenorthmortgage.ca/mortgage-solutions) on your behalf to save you money, time, and stress.

## [Easily apply](https://apply.truenorthmortgage.ca/apply) online now

**OR**

## [Talk to a broker](https://www.truenorthmortgage.ca/company) in your preferred language

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### Benefit from a chorus of great advice.

- [2024 Housing Market Forecast](https://www.truenorthmortgage.ca/blog/housing-market-forecast)
- [Should you choose a variable rate in 2024?](https://www.truenorthmortgage.ca/blog/should-you-choose-a-variable-or-fixed-rate)
- [Here's a new break on buying a new build](https://www.truenorthmortgage.ca/blog/newly-built-homes-30-year-amortization)
- [Need to spring some funds?](https://www.truenorthmortgage.ca/blog/spring-refinance)

**[BETTER RATES, NATURALLY](https://www.truenorthmortgage.ca/rates)**
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