In recent years Canada has seen more instances of extreme weather, and 2024 was no exception. Flash floods swept through parts of Ontario and Alberta last summer, shutting down roads in Toronto and leaving thousands without power during intense July rainstorms.

This article has been updated from a previous version. 

If you decide to break your mortgage, you will have to pay either three months worth of interest payments or an interest rate differential fee. Which one is it? You should do the math.

The price you see on the sticker isn’t always set in stone. Here’s how you can negotiate a better deal.