Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canadians Advised to Leave Lebanon Amid Rising Tensions and Flight Cancellations

 

The Canadian government has issued an urgent advisory for its citizens in Lebanon to return home immediately, as escalating tensions in the region have led to the cancellation of several flights.

Lara Salameh, a Laval, Quebec resident, was scheduled to fly back to Montreal from Beirut with her family, but their flight was cancelled the night before departure. Air France informed her that services out of Beirut were suspended due to the unstable security situation.

Foreign Affairs Minister Mélanie Joly emphasized the urgency of the situation, stating, "If you are in Lebanon, come back home. If tensions escalate, the situation on the ground may not allow us to help you, and you won’t be able to leave". The Canadian government has been preparing for a potential evacuation since October, deploying military personnel to Lebanon and Cyprus.

The conflict between Israel and Hezbollah has intensified, with Hezbollah’s leader declaring a “new phase” in the conflict following the death of a commander in an Israeli airstrike. This has heightened fears of a broader conflict, prompting the Canadian government to advise its citizens to leave Lebanon while commercial flights are still available.

Despite the warnings, not all Canadians in Lebanon are planning to leave. Some, like Stephani Moukhaiber, who returned to Lebanon from Montreal last year, intend to stay despite the rising tensions.

As the situation remains volatile, Canadians in Lebanon are urged to monitor travel advisories and make arrangements to return home as soon as possible.


Labels:

Comments

Post a Comment