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Mortgage Renewal Shock 2026: What Canadian Homeowners Need to Know

  The Reality: Over 60% of Canadian mortgages are renewing in 2025 and 2026—many at rates significantly higher than their original terms. While some homeowners will see relief, others face payment increases of 15–40%. This guide will help you understand what's happening, run the numbers, and explore your options before your renewal date arrives. The Big Picture: What's Happening in 2026 Canada is experiencing a historic wave of mortgage renewals. A large cohort of mortgages originated during the pandemic's historic low-rate period—when rates hovered around 2% or lower in 2020–2021—are now maturing and resetting at today's rates. The Bank of Canada staff estimate that roughly 60% of outstanding mortgages will renew in 2025 and 2026, making this the most significant renewal cycle in decades. In 2026, the average mortgage renewal increase is projected to moderate to around 6%, though individual experiences vary dramatically depending on mortgage type and renewal timing. W...
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Do Airline Miles Expire? How to Keep Your Rewards Alive

 

Whether you’re a frequent flyer or an occasional traveler, accumulating airline miles is a savvy way to earn rewards for your journeys. These miles, also known as points or Avios, can be redeemed for flights, upgrades, and other travel perks. But here’s the catch: many loyalty programs have strict rules regarding mileage expiration. Once they expire, those hard-earned rewards vanish into thin air (unless you’re willing to pay a fee to reinstate them).

Programs with No Mileage Expiration

Thankfully, several U.S.-based airline loyalty programs offer miles that last forever. Here are the top six programs that won’t leave your rewards high and dry:

  1. Alaska Airlines Mileage Plan: While miles don’t expire, keep your account active by using it within 24 months. If your account becomes inactive, Alaska Airlines can reinstate it at no cost.

  2. Delta SkyMiles: SkyMiles never expire, giving you peace of mind.

  3. Hawaiian Airlines HawaiianMiles: Your Hawaiian miles remain valid indefinitely.

  4. JetBlue TrueBlue: TrueBlue miles are here to stay.

  5. Southwest Rapid Rewards: Rapid Rewards points won’t vanish into the travel abyss.

  6. United MileagePlus: MileagePlus miles endure without an expiration date.

Programs with Expiration Policies

While most U.S. airline programs don’t impose mileage expiration, a few exceptions exist:

  1. American Airlines AAdvantage: Miles expire after 24 months of inactivity. However, primary AAdvantage credit cardholders won’t face this policy.

  2. Frontier Airlines Frontier Miles: These miles expire within 12 months of no earning activity.

  3. Spirit Airlines Free Spirit: Spirit miles also have a 12-month expiration window.

Tips to Keep Your Miles Active

To prevent your rewards from slipping away, consider these strategies:

  1. Open a Credit Card: Some cobranded travel credit cards waive mileage expiration. Check if your card offers this benefit.

  2. Join the Dining Rewards Network: Many airlines and hotels have dining rewards programs. Dining out can keep your account active.

  3. Shop Through the Program’s Portal: Make purchases via the program’s shopping portal to maintain activity.

  4. Transfer Points: Move points from a credit card or hotel program to reset the expiration clock.

  5. Donate to Charity: Some programs allow you to donate miles, which counts as activity.

  6. Take a Flight or Complete a Stay: Flying or staying at partner hotels ensures your miles stay alive.

Remember, understanding each program’s rules is crucial. So, whether you’re redeeming, transferring, or engaging in any program activity, keeping your account active is usually straightforward. Happy travels! 


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