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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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Meta’s AI Investment Causes Market Stir


In a bold move that sent shockwaves through the stock market, Meta Platforms Inc. announced plans to significantly increase its investment in artificial intelligence (AI) infrastructure. The Facebook and Instagram owner revealed that expenses for 2024 could soar as high as $40 billion, a figure that far exceeds market expectations.

Market Reaction Investors responded swiftly to the news, resulting in a staggering $200 billion loss in Meta’s market value within just a few hours. The company’s shares plummeted nearly 15%, as the market grappled with the implications of the tech giant’s aggressive spending strategy.

Long-Term Vision Despite the immediate financial impact, Meta’s leadership is focused on the long-term potential of AI. The company is betting big on the technology, hoping that the substantial investments will eventually translate into significant revenue growth.

Investor Concerns However, the announcement has raised concerns among investors about the timeline for these investments to bear fruit. With rising costs and an uncertain return on investment, there is growing skepticism about how long it will take for Meta’s AI initiatives to contribute positively to its bottom line.

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