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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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US Futures Stall After Record-Setting Rally

 


US stock futures wobbled on Friday, losing steam after a record-setting rally and blowout month as the relief sparked by an influential inflation reading ebbed. The S&P 500 futures were little changed, coming off the benchmark’s record close and best February in almost a decade. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also wavered around the flatline.

Stocks are kicking off March in a subdued mood, a shift from the upbeat reaction to PCE data that showed inflation continued to cool — easing worries the Federal Reserve would get more reason to hold off from interest-rate cuts. But further scrutiny has highlighted signs of “sticky” inflation that will be harder to shift.

Among big movers, shares in New York Community Bancorp (NYCB) tumbled 20% in premarket after the exit of its CEO, a $2.7 billion quarterly loss, and findings of “material weaknesses” in the bank’s loan processes. Meanwhile, Dell (DELL) shares rose almost 25% in the wake of a quarterly sales and profit beat fueled by AI prospects for its servers. Developments at OpenAI caught the attention of investors tracking the sector. Elon Musk has sued the Microsoft-backed company and its CEO Sam Altman, among others, over a breach of contract. Also, the ChatGPT maker is reportedly set to name new board members in March to end an impasse linked to Altman’s abrupt firing last year.

In summary, the market’s exuberance has tempered, and investors are closely watching inflation trends and corporate developments. As we navigate March, the delicate balance between economic indicators and market sentiment remains crucial.


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