Is your mortgage one of the 1.2 million up for renewal in Canada? Here's what rate to expect and how to get the best deal

In this episode, we open with an introduction and a sponsor message from Real Approved Inc. The discussion begins with the upcoming mortgage renewal wave and how potential Bank of Canada rate cuts could influence it. We delve into lender competition and its effects on monthly payments for borrowers. The episode also covers changes in uninsured mortgage policies and their impact on housing affordability trends. Federal measures, including price caps and 30-year amortization eligibility, are examined. We offer strategies for mortgage renewals before concluding with closing remarks and a final sponsor message from Real Approved Inc. (0:00) Introduction and Sponsor: Real Approved Inc. (0:37) Mortgage Renewal Wave and Bank of Canada's Rate Cuts (1:37) Lender Competition and Impacts on Monthly Payments (2:07) Uninsured Mortgage Policy Changes and Housing Affordability Trends (2:44) Federal Measures: Price Cap and 30-year Amortization Eligibility (3:30) Mortgage Renewal Strategies and Closing Remarks (3:54) Sponsor: Real Approved Inc.