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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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From Montreal to Washington: Kamala Harris’s Canadian Roots

 

Kamala Harris, the first female Vice President of the United States, has a unique and diverse background that includes a significant chapter in Canada. Born in Oakland, California, Harris moved to Montreal, Quebec, at the age of 12 after her parents divorced. Her mother, Shyamala Gopalan Harris, a renowned breast cancer researcher, accepted a position at McGill University and the Jewish General Hospital, prompting the family’s relocation.

In Montreal, Harris attended Westmount High School, where she graduated in 1981. This period in Canada was formative for Harris, exposing her to a different culture and educational system. Despite the challenges of adapting to a new environment, she thrived academically and socially. Harris has often reflected on her time in Montreal, recalling how it shaped her perspective and resilience.

After high school, Harris returned to the United States to attend Howard University in Washington, D.C., and later earned her law degree from the University of California, Hastings. Her Canadian adolescence, however, remains a notable part of her journey, contributing to her multifaceted identity and global outlook.

Harris’s story is a testament to the impact of diverse experiences and the importance of embracing different cultures. Her time in Canada not only broadened her horizons but also prepared her for the challenges and opportunities that lay ahead in her remarkable career.


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