# Mortgage Insights - Spring 2025 ![Spring News25](https://d2r7yk1mqahd04.cloudfront.net/images/SpringNews25.png) ### Spring 2025 # Great rates and advice are the seeds from which your (mortgage) savings grow. [Email link](https://mailchi.mp/truenorthmortgage/spring-newsletter-may-2025?e=%5BUNIQID%5D) ## Thank goodness spring is here. The same goes for unbiased, expert mortgage advice (also here). No one, [including](https://www.theglobeandmail.com/business/economy/article-bank-of-canada-governor-tiff-macklem-talks-inflation-tariffs-and-us/) the Bank of Canada, knows what the next [interest rate](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast) decision will be (a rate cut or pause?), or how the Canadian economy will fare with ongoing [trade](https://www.truenorthmortgage.ca/blog/how-trumps-tariffs-could-shape-mortgage-rates-in-2025) storm threats. Meanwhile, our friendly, highly trained True North brokers **dig deep** to shop better rates and [products](https://www.truenorthmortgage.ca/mortgage-solutions) on your behalf, and root out costly [weeds](https://www.truenorthmortgage.ca/blog/mortgage-traps) to **save you** money, time, and stress. **It's been an interesting winter. This spring, we're cultivating hope for a flourishing 2025.** No matter the economic weather, we obsessively tend our (mortgage) garden with care — offering **lower rates** and **helpful advice** to reap fresh [budget](https://www.truenorthmortgage.ca/blog/all-the-ways-to-save-on-your-mortgage) room for your home purchase, renewal, or refinance. Compared to inorganic online-only or big bank mortgage services, we seamlessly put together your **best-in-show** planter that makes you the savings star. [Why True North is a more natural mortgage connection](https://www.truenorthmortgage.ca/about-us/video) --- From freshly seeded dreams to well-rooted mortgages — here's what could fertilize your spring 'home' plans. ### Is a rate cut peeking through? Lower rates are trying to sprout, but inflation may still steal the sunlight. We till the data and help predict the rate moves to bloom next. [**2025 RATE FORECAST**](https://www.truenorthmortgage.ca/blog/mortgage-rate-forecast) --- ### Refreshed first-time advice. Turning fresh soil for a new season, this guide clears your path — with the latest rules and tips to help you grow into ownership. [**YOUR FIRST-HOME GUIDE**](https://www.truenorthmortgage.ca/tools/first-time-home-buyers-guide) --- ### Two buds (or more), one home. More Canadians are sharing their home purchase with someone other than their partner or spouse — here's how co-owning works. [**CO-OWN A HOME?**](https://www.truenorthmortgage.ca/blog/your-guide-to-co-ownership-of-a-home-canada) --- ## The one thing popping up faster than tulips? Renewal notices. Over 65% of Canadian homeowners are up for mortgage [renewal](https://www.truenorthmortgage.ca/mortgage-solutions/renewals-transfers) in the next year or two, [potentially](https://www.osfi-bsif.gc.ca/en/news/superintendent-peter-routledge-participates-rbc-canadian-bank-ceo-conference) into higher rates. Are you [worried](https://www.truenorthmortgage.ca/blog/worried-about-your-mortgage-renewal) about your next term's payments? Don't just renew, **review** — an expert True North broker can source your best options to **save** on your next rate and term (including which [fees](https://www.truenorthmortgage.ca/about-us/fees) may be covered for a lender switch). [Set up your friendly renewal reminder here!](https://www.truenorthmortgage.ca/tools/mortgage-renewal-reminder) --- ### Raise your renewal voice. Staying mum and auto-renewing is the easiest way to a higher payment. [**TO STAY OR SWITCH?**](https://www.truenorthmortgage.ca/blog/renewal-should-you-stay-or-switch-lenders) --- ### Don't hit snooze. Waiting for rates to drop? Super busy? Here's what happens if you sleep past renewal. [**RENEWAL WAKEUP CALL**](https://www.truenorthmortgage.ca/blog/renew-it-or-lose-it-mortgage-renewal) --- ### Best renewal rates? See how rates can affect your next-term mortgage payments — then talk to us. [**RENEWAL CALCULATOR**](https://www.truenorthmortgage.ca/tools/renewal-calculator) --- ## A fresh start for your renewal. Renewal is the **best time** to make mortgage changes ([refinance](https://www.truenorthmortgage.ca/blog/spring-refinance)), because you won't be charged a [penalty](https://www.truenorthmortgage.ca/blog/how-much-will-it-cost-to-break-your-mortgage): - Consolidate higher-interest [debt](https://www.truenorthmortgage.ca/blog/credit-101) - Finance certain home upgrades - Get lump-sum [cash](https://www.truenorthmortgage.ca/mortgage-solutions/home-equity-line-of-credit) (up to 80% of your home's value) for education, travel, investment, or an emergency fund - Adjust your [amortization](https://www.truenorthmortgage.ca/blog/extended-amortizations) for lower payments - Put down a [larger](https://www.truenorthmortgage.ca/blog/mortgage-pre-payment-privileges) lump sum on your principal --- ## FRESH-PICKED RATES Wonder why our rates are [lower](https://www.truenorthmortgage.ca/blog/posted-rates-vs-actual-rates)? We do huge volume, [compare](https://www.truenorthmortgage.ca/tools/savings-calculator) lenders, and hand-pick your best possible rate discount (for which you [qualify](https://www.truenorthmortgage.ca/blog/what-is-the-mortgage-stress-test)). --- ## Welcome to Spring Home Maintenance! *(May involve pollen contact. Please sneeze responsibly.)* 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 — especially if you need to keep the windows closed. --- ## Spring blossoms fade. Great mortgage service shouldn't. For over 19 years, our 5-star [reviews](https://www.truenorthmortgage.ca/about-us/reviews) have multiplied like rose petals, nourished by a simple promise: great rates with a practical service. Like a thriving perennial, unbiased [advice](https://www.truenorthmortgage.ca/company) from your expert True North broker keeps **giving** — saving you **thousands** with less stress, year after year. Whether your mortgage needs are straightforward or more [complex](https://www.truenorthmortgage.ca/mortgage-solutions/complex-mortgages), we're **here** to help you get a **better** rate and mortgage, coast to coast to coast. ## [Easily apply](https://apply.truenorthmortgage.ca/apply) online now **OR** ## [Talk to a broker](https://www.truenorthmortgage.ca/company) in your preferred language [**GREAT RATES, DEEP-ROOTED SAVINGS**](https://www.truenorthmortgage.ca/rates) --- ### Grow your (mortgage) know — no green thumb required: - [Tariff strife growing in the garden: 2025 Housing Market Forecast](https://www.truenorthmortgage.ca/blog/housing-market-forecast) - [Looking for a Halal mortgage?](https://www.truenorthmortgage.ca/blog/halal-mortgage) - [Plant the right support: Guarantor vs. Co-signer](https://www.truenorthmortgage.ca/blog/difference-guarantor-co-signor) - [Will OSFI wash away the mortgage stress test?](https://www.truenorthmortgage.ca/blog/is-mortgage-stress-test-going-away) / /