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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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Israel Storms Gaza City Neighborhood, Orders Palestinians to Move South

 


In a recent escalation of the ongoing conflict, Israel stormed a neighborhood in Gaza City, directing Palestinians to move south. Tanks rolled into the Shejaia neighborhood, firing and causing destruction. Drones also attacked after overnight bombings. The Palestinian Civil Emergency Service reported casualties in Shejaia, but their teams were unable to reach the affected areas due to the ongoing offensive. Meanwhile, the armed wing of Hamas ally Islamic Jihad detonated an explosive device against an Israeli tank east of Shejaia.

The situation remains dire in Gaza, with aid officials warning of high famine risk. Almost half a million people face “catastrophic” food insecurity. Additionally, the death toll from malnutrition and dehydration has risen, with at least 31 children losing their lives. Israel denies creating famine conditions, attributing distribution problems to aid agencies and accusing Hamas of diverting aid.

This conflict continues to have devastating consequences for civilians, and urgent humanitarian efforts are needed to address the crisis.



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