Articles on (IRD) penalties: https://www.cbc.ca/news/business/mortgage-penalty-pandemic-1.5588741 Class-action suit filed against Canadian banks over mortgage prepayment charges https://www.theglobeandmail.com/real-estate/mortgages-and-rates/the-hidden-trap-of-mortgage-penalties/article15774375/ How (IRD) penalties work in Regional applications (Niagara): According to the statistics from Statistics Canada and CMHC – Approximately, 22,692 Niagaran’s per year break their 5 yr fixed rate mortgage with a two column format with a fixed rate mortgage, triggering the Interest Rate Differential… Read More…