Ross Taylor Mortgages

06/17/2026

Ask Ross Newsletter:
https://preview.mailerlite.io/preview/1794249/emails/190543719853721009

06/17/2026

Big News at Ross Taylor Mortgages. And a Reality Check for Toronto Homeowners.​
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​I’ve got some exciting news to share.​
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​My team and I have officially joined The Mortgage Group (TMG), one of Canada’s largest mortgage brokerages. That means access to more lenders, faster turnaround times, and more solutions for my clients.​
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​What isn’t changing is my education first approach. For more than 30 years, I’ve believed informed clients make better decisions, and that remains at the heart of everything we do.​
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​Toronto homeowners are facing some difficult realities right now. The Bank of Canada is balancing weak growth and stubborn inflation, which means rates could still move in either direction.​
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​What concerns me most are homeowners approaching renewal and realizing their new payment may no longer fit their budget.​
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​If you're leaning on credit cards, missing payments, or finding refinancing is no longer an option, those are warning signs you shouldn't ignore.​
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​I've seen too many people wait until the last minute. Selling before a default occurs can often protect your credit and preserve future homeownership opportunities.​
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​Running a business from home can create challenges too. Renewals are often straightforward, but refinancing, insurance, and tax implications can become more complicated.​
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Read our latest newsletter here: https://preview.mailerlite.io/preview/1794249/emails/190543719853721009
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​As always, if you have any questions, visit us at www.askross.ca – we’re here to help.

I've spent more than 30 years helping Canadians navigate mortgages, credit challenges, debt issues, and some of life's biggest financial decisions.

05/25/2026

Thinking about throwing a big lump sum onto your Toronto mortgage to save interest? I get the appeal. Especially when rates are higher and every extra payment feels like a win against the bank.​
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​But here’s what a lot of people don’t realize. Lenders are now digging into every large deposit with a fine-tooth comb.​
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​If that money came from family, the bank wants to know whether it’s truly a gift or secretly a loan. And trust me, that distinction matters more than ever in 2026.​
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​If it’s considered a loan, it can increase your debt ratios and potentially create problems at renewal time. I’ve seen good intentions turn into unnecessary mortgage headaches because the paperwork wasn’t handled properly.​
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​Even legal agreements and promissory notes can backfire. Sometimes they actually strengthen the lender’s view that the money is borrowed, not gifted.​
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​A genuine non-repayable gift is usually manageable, but timing, documentation, and transparency are critical now.​
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​My advice? Don’t move large family funds around without speaking to a mortgage professional first. A simple strategy conversation upfront can save you thousands and keep your mortgage options wide open later.​
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Read our latest article here: https://www.canadianmortgagetrends.com/2026/04/paying-down-your-mortgage-faster-comes-with-trade-offs/
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​As always, if you have any questions, visit us at www.askross.ca – we’re here to help.

While extra payments can reduce long-term interest costs, they may also limit liquidity, trigger penalties and crowd out other financial priorities

05/05/2026

Ask Ross Newsletter:
https://preview.mailerlite.io/preview/1794249/emails/186232672546194600

05/05/2026

There’s a new twist in Toronto’s housing story that isn’t making headlines, but it’s impacting more people than you’d think. Rising mortgage renewal rates and tougher refinancing rules aren’t showing up as flashy default stats.​
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​Instead, they’re quietly forcing more homeowners to sell, especially when property values have dropped or debt loads have piled up.​
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​I see clients every week who can’t get the refinancing they counted on, even after years of homeownership, and the result is more “silent” forced sales happening before missing a payment.​
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​Official data may look stable, but real families are being displaced.​
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​Here’s the truth: acting early, before you hit crisis mode, saves you money, stress, and sometimes your entire credit history. The current market is actually kinder to renters than it’s been in years.​
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​Selling on your own terms means keeping more equity and a better shot at getting back in when the time is right.​
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​Talking about a “reset” isn’t failure, it’s smart planning, and a conversation I’m having with more Torontonians than ever.​
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​If you’re concerned about your renewal or just want an honest take on your next steps, don’t wait.​
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Read our latest newsletter here: https://preview.mailerlite.io/preview/1794249/emails/186232672546194600
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​As always, if you have any questions, visit us at www.askross.ca – we’re here to help.

If you've been reading the headlines, you might think the great mortgage renewal wave of 2025 and 2026 turned out to be a non-event. Defaults didn't spike. Banks patted themselves on the back. Analysts moved on.