Mortgage & Finance
Mortgage rates, financing, and home loan guides for Ontario buyers
Do Interest-Only Mortgages Actually Exist in Canada? (And Why They’re a Cash-Flow Tool, Not a Last Resort)
Do interest-only mortgages exist in Canada? Yes — but big-bank retail lenders almost never write a pure interest-only term mortgage. Most interest-only borrowing runs through a HELOC (a revolving line), while true interest-only term loans come mainly from private, B-lender or commercial channels. This piece separates HELOC interest-only from a true IO mortgage, shows who it actually suits (cash-flow investors, not people who can't make payments), and prices four costs: principal never falls, rate and renewal risk, the stress test, and the 65%/80% LTV ceilings. Rules from OSFI B-20, balances from Bank of Canada, verified 2026-07-29.
「只付利息」的房贷在加拿大真的存在吗？它不是走投无路，是一种现金流选择
加拿大有「只付利息」的房贷吗？有，但主流大行几乎不做纯 IO 定期按揭——市场上的「只付利息」绝大多数通过 HELOC 这种循环额度实现，纯 IO 定期贷款多见于私贷、B-lender 或商业贷。本文讲清 HELOC「只付利息」与「纯 IO 按揭」的结构差异、谁真正适用（现金流型投资人而非还不起月供的人）、以及四项代价：本金永不减少、利率与续期风险、压力测试、65%/80% LTV 天花板。规则引 OSFI B-20，余额引 Bank of Canada，核实于 2026-07-29。
Fixed Payment or Adjustable Payment? The Variable-Mortgage Fork Nobody Explains (VRM vs ARM)
A “variable” mortgage can work two very different ways. With a fixed-payment VRM the payment stays put and rising rates quietly stretch your amortization (and can trigger negative amortization); with an adjustable-payment ARM the payment moves with prime but your payoff stays on schedule. This explains the two structures, who each suits, what happens at renewal, and how to read your contract to know which you signed. Figures from Bank of Canada.
浮动利率里的两种「月供玩法」：VRM 月供不变、ARM 月供随利率走，你签的是哪种？
「浮动」说的是利率，不是月供。浮动按揭底下分两种：固定月供型（VRM）利率涨时月供不动，代价是本金还得慢、摊还期被悄悄拉长，极端时触发负摊还；随利率调整型（ARM）月供跟着 prime 走，现金流波动但摊还进度不变。本文讲清两者的月供行为差异、各适合谁、续约时的分岔，以及怎么翻开合同确认自己签的是哪一种。数据引 Bank of Canada。
How Long to Lock Your Mortgage: Choosing a 1, 3, 5, or 10-Year Term
Should you lock your mortgage for 1, 3, 5, or 10 years? This is not a ranking — it is a decision framework built on three variables: your read on rates, how the prepayment penalty grows with term length, and how likely you actually are to sell or refinance before the term ends. Covers the greater-of three-months-interest-or-IRD penalty on fixed mortgages, and the Interest Act rule that caps the penalty after five years on a 10-year term. Sources: OSC, the federal Interest Act. Not mortgage advice.
房贷该锁几年：1/3/5/10 年期怎么选
房贷合同期该选 1 年、3 年、5 年还是 10 年？这篇不告诉你哪个「最好」，而是给你一个决策框架：从利率预期、提前终止罚金随期限放大、以及你未来几年真会不会卖房或转贷这三个变量，判断自己该往短还是往长。含固定利率罚金取三个月利息与利率差 IRD 较大者、10 年期满 5 年后罚金封顶的《利息法》条款。来源：安省证券委员会 OSC、加拿大《利息法》。不构成贷款建议。
Term vs. Amortization: One Sets Your Payment, the Other Sets How Long Your Rate Is Locked
What is the real difference between a mortgage term and the amortization period? Amortization is the total time to pay the whole loan off (most commonly 25 years in Canada) and it sets how big your payment is. The term is how long your current contract and rate are locked (usually 1 to 5 years), after which you must renew. Because the amortization is split into several shorter terms, your rate gets repriced every few years — not once for the life of the loan. This guide separates the two, with sources from the OSC, FCAC and the Department of Finance. Not mortgage advice.
Term 和 Amortization 别再混了：一个管你月供，一个管你利率锁多久
合同期（term）和摊还期（amortization）到底差在哪？摊还期是你把整笔贷款还清所需的总年数（加拿大最常见 25 年），决定月供高低；合同期是你和贷方这一份合同、这一个利率能锁多久（通常 1–5 年），到期必须续约。国内房贷常「一签到底」，加拿大却是摊还期内分成好几段合同——这意味着你的利率每隔几年就要按当时市场重置一次。本文讲清这两个词的根本区别、为什么华人客户最容易混，附 OSC、FCAC、加拿大财政部来源。不构成贷款建议。
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