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The Mortgage Renewal Wave Just Peaked — Here's What the Data Actually Shows

Published August 30, 2026 For three years, "the mortgage renewal wall" has been the scariest phrase in Canadian personal finance — the idea that a flood of ultra-cheap, pandemic-era mortgages would come due at much higher rates and trigger a wave of forced sales. That wall is now mostly behind us. Two new 2026 surveys, one from Royal LePage and one from Rates.ca, show what actually happened when it hit. The short version: it hurt, budgets tightened hard for a lot of people, but the mass default many feared simply didn't show up. The last big group is renewing right now Royal LePage's 2026 Mortgage Renewal Survey, released August 19 and based on a Leger poll of 1,127 Canadians renewing this year, pins down where things stand: about 12% of all outstanding Canadian mortgages are five-year, fixed-payment loans taken out during the 2020–2022 ultra-low-rate window, and this is their last major renewal wave. The Bank of Canada's overnight rate sat at just 0.25% through m...

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Your daily horoscope: August 30, 2023

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The more of an effort you make to look ahead and make plans on your birthday this year the more likely it is that the universe will reward you in ways you could not have foreseen. You are about to become rich on multiple levels.

ARIES (March 21 - April 20):

It is of the utmost importance that you stay on top of your workload today, because if you let things slip it could take weeks to get back to where you were before. If you need assistance then ask for it – it is not a sign of weakness.

TAURUS (April 21 - May 21):

According to the planets your recent efforts on the work front are about to pay off. However, as the moon is full today you must guard against being overly generous with people who may look at your success as a meal ticket for them too.

GEMINI (May 22 - June 21):

It’s quite possible that you have been taking certain issues too seriously of late and now you need to calm down a bit and develop a better perspective on what is of genuine importance. No, the world is not coming apart at the seams.

CANCER (June 22 - July 23):

Something that strikes you as amazingly funny is likely to be seen by some of your friends as rudely offensive, so maybe it would be best if you did not laugh too loud. Sadly, your Cancer sense of humour is not shared by everyone.

LEO (July 24 - Aug. 23):

Even though money matters are under excellent stars at the moment today’s full moon warns you need to watch your step when dealing with people whose outlook on life is more materialistic than your own. They won’t hesitate to cheat you.

VIRGO (Aug. 24 - Sept. 23):

Sometimes a bit of strife in a relationship can bring two people closer together and that seems to be what is occurring right now. Just because you have fallen out with someone does not mean you are fated to remain enemies forever.

LIBRA (Sept. 24 - Oct. 23):

The message of the stars today is that you have been expecting too much of yourself in recent weeks and need to lower your sights a bit. You can still be the best at what you do but quit aiming for perfection because you will never reach it.

SCORPIO (Oct. 24 - Nov. 22):

Sit yourself down and identify what it is you are good at in life. It may not be what you want to be good at but if it comes naturally it could be a sign that the universe wants you to keep moving in that particular direction.

SAGITTARIUS (Nov. 23 - Dec. 21):

If you stay calm while others are rushing around like headless chickens over the next 24 hours you will impress some important people, the kind whose support can open doors that were previously locked. It’s time to accept, even embrace, more responsibility.

CAPRICORN (Dec. 22 - Jan. 20):

The only barriers you will have to contend with today are the ones that you create in your own mind. The more you are tempted to believe that a particular goal is beyond your reach the more likely it is you can grasp it with ease.

AQUARIUS (Jan. 21 - Feb. 19):

Something you have been fearful of for weeks, months, maybe even years is about to reveal itself as nothing more than a clever illusion. Don’t try to run away from what you do not understand, run towards it instead and find out more.

PISCES (Feb. 20 - Mar. 20):

No matter how annoying some of the people you have to deal with today may be you must stay calm and always react in a civilized fashion. Maybe, just maybe, your more agreeable attitude will shame them into changing their ways.

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