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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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Canada Day Weekend Sets the Stage for a Bustling Summer Travel Season

 

As Canada Day approaches, millions of Canadians are gearing up for a summer of exploration and adventure. The travel industry is abuzz with activity, and transportation providers are preparing for record-breaking numbers. Here’s what you need to know:

  1. Air Travel: Montreal’s Trudeau International Airport is anticipating a whopping 2.2 million passengers each month in June, July, and August—a new record! Meanwhile, Pearson International Airport expects 160,000 passengers daily during peak summer days, an eight percent increase from last year.

  2. Rail Journeys: VIA Rail is bracing for 45,000 passengers over the Canada Day weekend, with Friday and Monday being the busiest days. Whether you’re exploring the scenic countryside or zipping between cities, rail travel is a popular choice.

  3. Road Trips: Quebecers are hitting the road, with 57 percent planning vacations within the province. If you’re driving, soak in the beautiful scenery but stay focused on the road. CAA-Québec advises safe driving practices to ensure a smooth journey.

Remember, whether you’re soaring through the skies, riding the rails, or cruising the highways, Canada Day weekend marks the start of an exciting summer travel season across the country. 

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