About Easy Mortgage Canada

Who you are working with

Every mortgage we arrange goes through BRX Mortgage Inc., a licensed Ontario mortgage brokerage. That gives you a single application and the whole market behind it: the big banks, credit unions, monoline lenders, B-lenders and private funds. A bank can only offer you what sits on its own shelf. We compare what each lender would do with your file and place it where it fits best.

Those are not cold introductions. We hold established working relationships with lenders across Canada, and that matters more than most people expect. Knowing the underwriter, knowing which lender is flexible on a particular point and which is not, and being able to pick up the phone when a file needs explaining is often the difference between an approval and a decline.

Experience tends to show itself in unglamorous places. Spotting the clause that will cost you at renewal. Knowing which documents an underwriter will question before they ask for them. Structuring a file so it is approved the first time rather than after two rounds of conditions. You should not have to think about any of that, and with us you do not.

We arrange mortgages across all of Ontario. Documents come in through a secure portal, lender submissions are electronic, and signing works the same way wherever you are in the province.

Every file is different

No two mortgages look quite the same. Some are straightforward from the first conversation: steady income, clean credit, a clear down payment, and the file is placed within a few days. Others ask more of us. Business income that understates what you genuinely earn, a recent arrival in Canada, a separation being worked through, credit that is still recovering, an investment portfolio, or a property that not every lender will consider.

Both are welcome, and both receive the same care. Where a file is simple we keep it simple and move quickly. Where it is more involved, the work lies in knowing which lender will understand your circumstances, and that is precisely what a broker is for. Whatever your situation, tell us about it and we will give you a straight answer on where you stand and what your options are.

Mortgage Monitor

Most people sign a mortgage and then stop thinking about it until the renewal letter arrives. That is where the money gets lost. Your balance changes with every payment. Your penalty to break shrinks as the term runs down. The Bank of Canada moves, bond yields move, and the other debt you carry quietly changes what the smartest move actually is. None of it announces itself, and nobody is going to recalculate all of it by hand every month.

Mortgage Monitor is the tool we use to do that watching for you. It runs full Canadian mortgage math across your file every night, compares your position against the live market, and tells you when something is genuinely worth acting on. You set it up once with the basics from your mortgage statement. After that it maintains itself.

Your numbers stay current on their own

This is the part people underestimate. A spreadsheet is wrong the day after you build it. Mortgage Monitor keeps your file accurate without you touching it.

• Your balance amortizes down daily. It applies each scheduled payment and reduces principal, and it knows whether you pay monthly, bi-weekly or accelerated.
• Variable rates follow prime automatically. When the Bank of Canada moves, your rate in the system moves with it the same day, so everything downstream stays right.
• Your penalty is recalculated continuously. Interest rate differential against three month interest, using the calculation method your specific lender uses, including the discount retention approach the big banks apply. Always confirm the exact figure with your lender before acting on it.
• Market data refreshes every day. Bank of Canada posted rates, five year bond yields and prime, plus rate announcements picked up the day they happen.

It tells you when something changes that matters to you

Every night it re-scans your whole position and ranks what it finds by impact. You only hear from it when there is a reason.

• Renewal timing. Alerts as your maturity approaches, starting well before the window opens, so the renewal letter is never the first you hear about it.
• Rate opportunities. If a better rate would save you meaningfully, roughly a quarter point or more, it flags it with the savings attached.
• Penalty drops. Breaking early gets cheaper as your term runs down. It tells you when the math tips in your favour.
• High-interest debt. It spots balances expensive enough to be worth folding into the mortgage and models whether doing so actually leaves you better off.
• Trigger rate warnings. If you are on a variable and your payment stops covering the interest, you find out early rather than from your lender.
• Equity strategies. Reverse mortgage eligibility as you age past the threshold, home equity lines, equity takeouts and multi-property moves, all surfaced automatically.

Anything it recommends comes with a break-even: what the move costs in penalty and fees, and exactly when you recover that cost in both monthly cash flow and total wealth. Investors can track a whole portfolio in one place and see the strategy across properties rather than one at a time.

Common questions