Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canada’s New Dental Care Plans: Making Smiles Brighter


The Canadian government has taken significant steps to improve access to dental care for eligible residents. Let’s explore the recent developments:

  1. Canadian Dental Care Plan (CDCP):

    • The CDCP aims to ease financial barriers to accessing oral health care for eligible Canadian residents who currently lack dental insurance.
    • It will cover some of the costs of various oral health care services.
    • Applications for the CDCP will open in phases, starting with seniors aged 87 and above in December 2023.
    • The rollout will continue, including coverage for children under 18 and adults with a valid Disability Tax Credit certificate.

  2. Canada Dental Benefit (CDB):

    • The CDB is Canada’s first iteration of a national free dental care program.
    • Eligible families will receive a tax-free payment of up to $650 per child under 12 for two years.
    • If you filed your 2022 taxes and your adjusted family net income is less than $90,000, you may receive an invitation letter to apply.

  3. Coverage Expansion:

    • The CDCP will gradually expand eligibility to include all qualifying seniors over 65 by May 2024, children under 18, and people with disabilities.
    • The goal is to provide comprehensive dental care for up to nine million Canadians who currently lack access to dental insurance.

  4. How to Apply:

    • If you’re eligible, you’ll receive a personalized application code and instructions.
    • Seniors aged 72 and over are currently receiving letters with application details.
    • If you haven’t received a letter but are eligible, online application options will be available later.
    • Trusted persons or delegates can assist with the application process.

Remember, a healthy smile contributes to overall well-being. Let’s celebrate these initiatives and work toward better oral health for all

Labels:

Comments

Post a Comment