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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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Turkey Blocks Instagram Access Over Hamas Chief Post Removal

 

In a significant move, Turkey’s communications authority has blocked access to Instagram, reportedly in response to the platform’s removal of posts related to Hamas political leader Ismail Haniyeh. The Information and Communication Technologies Authority (ICTA) announced the block on Friday, though no official reason was provided.

According to local media, the block came after Instagram removed posts by Turkish users expressing condolences for Haniyeh, who was recently killed. This action follows criticism from Fahrettin Altun, the presidential communications director, who condemned Instagram for censoring messages of sympathy for Haniyeh.

Turkey, which does not classify Hamas as a terrorist organization, has a history of censoring social media platforms. The country is observing a day of mourning for Haniyeh, with flags flown at half-staff. This incident highlights ongoing tensions between Turkey and social media companies over content regulation and freedom of expression.


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