For Shopping Malls, Is Yorkdale’s “Snobbery” Simply A Sign Of The Times?

Blended Mortgage

Understand blended mortgages in Canadian real estate — what they are, when they’re used, and their advantages for borrowers.

Blended Mortgage

July 27, 2025


What is a Blended Mortgage?

A blended mortgage combines two different mortgage loans or interest rates into one, resulting in a new single loan with a blended interest rate.

Why Blended Mortgages Matter in Real Estate

In Canadian mortgage financing, blended mortgages help borrowers modify financing without full refinancing, often during porting or top-up situations.



Key features:
  • Mixes existing loan with new funds
  • Creates an average (blended) interest rate
  • May avoid penalties for breaking existing mortgage



Understanding blended mortgages helps homeowners manage changing financing needs.

Example of a Blended Mortgage in Action

The homeowner used a blended mortgage to combine their existing loan with additional funds for a home addition.

Key Takeaways

  • Combines old and new mortgage loans
  • Creates a blended interest rate
  • Useful for adding funds or porting
  • May reduce penalty costs
  • Supports flexible financing

Related Terms

Additional Terms

Public Realm Improvements

Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

More For You

GTA New Home Sales Start 2026 At Record Lows: BILD

GTA New Home Sales Start 2026 At Record Lows: BILD

Ben Elliott/Unsplash

New home sales in the Greater Toronto Area remained at historic lows in January 2026, according to new data released Tuesday by the Building Industry and Land Development Association (BILD).

There were just 269 new homes sold across the GTA in January, down 36% from January 2025 and 80% below the 10-year average of 1,339 units for the month, based on data from Altus Group, BILD’s official source for new home market intelligence.

Keep ReadingShow less

Rental Is Having A Moment, And This Firm Is Building For It

Rental Is Having A Moment, And This Firm Is Building For It

1141 Bloor Street West, Toronto/Hazelview

For more than 25 years, Hazelview Investments has been shaping Canada’s real estate landscape.

With presence in six provinces and more than 20 cities across the country, the company has grown into a trusted partner for investors, developers, planners, and residents alike.

Keep ReadingShow less

Hyde Park Homes Purchases Berkeley Church, Cites Plans To Reopen Fall 2026

Hyde Park Homes Purchases Berkeley Church, Cites Plans To Reopen Fall 2026

The Berkeley Church at 315-317 Queen Street East in Toronto/Google Maps

More than two years after its parent company, Berkeley Events, was placed under receivership, Toronto’s Berkeley Church has been purchased by Hyde Park Homes, with the company revealing to STOREYS that they have plans to reopen the historic event venue later this year.

Built in 1871, the three-storey, brick-faced building at 315-317 Queen Street East in Corktown was initially a Wesleyan Methodist Church. In 1999, the space was converted into an event venue, used for weddings, corporate events, parties, conferences, and even some concerts (Tegan and Sara, Feist, and the Yeah Yeah Yeahs, just to name a few). The property was designated under the Ontario Heritage Act in 1997.

Keep ReadingShow less

CREA: Winter Storms Suppress January Home Sales

CREA: Winter Storms Suppress January Home Sales
Max Sandelin/Unsplash

Canadian home sales started 2026 on a colder note, with activity dampened by severe winter weather across parts of the country.

According to new data released Tuesday by the Canadian Real Estate Association (CREA), home sales recorded over Canadian MLS® Systems fell 5.8% month-over-month in January. Actual (not seasonally adjusted) sales were also 16.2% lower than in January 2025.

Keep ReadingShow less

New (Free) Guide Shows Toronto Homeowners How To Tap Into ‘Missing Middle’

New (Free) Guide Shows Toronto Homeowners How To Tap Into ‘Missing Middle’

'Missing Middle' housing in Toronto

Liam Gill doesn’t describe himself as a developer, but that hasn’t stopped him from carving out a place in Toronto’s development landscape. Now, the lawyer and tech entrepreneur wants to help others do the same with his Citizen Developer’s Guide, released Wednesday morning in collaboration with More Neighbours Toronto.

The guide is designed for people like Gill — those without a formal background in real estate development, but with an interest in densifying their own home or investment property. Throughout the document, Gill walks readers through how to estimate build costs, cash flow projections, and ultimate market value, and go about the zoning, permitting, and financing processes.

Keep ReadingShow less

Rental Proving An Anchor In Canadian Real Estate For 2026

Rental Proving An Anchor In Canadian Real Estate For 2026

TELUS Living Nanaimo (Omicron)

Canada’s rental housing market may not always grab snappy headlines, but it’s quietly proving its staying power.

Across the country, large-scale organizations are putting capital into purpose-built rental housing, whether through acquisitions, repurposed properties, or REIT activity. The trend is less about flashy growth and more about steady, strategic investment — a trend that’s already shaping 2026.

Keep ReadingShow less

Terracap, Great Gulf Move On From Long-Dormant King-Spadina Project

Terracap, Great Gulf Move On From Long-Dormant King-Spadina Project

401-415 King Street West in Toronto. (JLL)

After being in the works for over 15 years, the developers of a high-rise project set for a prime corner in Toronto’s Entertainment District have decided to move on from the project, according to a recent commercial real estate listing.

The site is 401-415 King Street West, located at the southeast corner of the intersection with Spadina Avenue, a few blocks away from Rogers Centre. The site was assembled by Toronto-based real estate investment firm Terracap, which acquired 401-409 King Street West in 1994 for $850,000 and then 415 King Street West in 2007 for an undisclosed price, according to the company’s website.

Keep ReadingShow less

Eric Lombardi 'More Than Likely' To Cement Run For Ontario Liberal Party Leader: Q&A

Eric Lombardi 'More Than Likely' To Cement Run For Ontario Liberal Party Leader: Q&A

31-year-old Lombardi feels there is "an appetite for generational change" in politics, and that young people should be leading the charge.

Ontario entered 2026 with the weakest housing conditions in the country, and Eric Lombardi believes that we can do better.

The 31-one-year old civic advocate is in the process of exploring a run for Ontario Liberal Leader, a slot that opened up after Bonnie Crombie announced her resignation in mid-January. The Party has said an election will be held in November.

Keep ReadingShow less
Privacy PolicyAbout UsTerms of UseAdvertise with UsJobsContact UsRSS Feed
All rights reserved SiteMedia © 2026.