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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 Post and Workers at Odds Over Wages, Weekend Delivery

 

Canada Post and the Canadian Union of Postal Workers (CUPW) are currently locked in a dispute over wages and weekend delivery. The conflict has led to a nationwide strike involving over 55,000 postal workers, just days before the busy holiday season.

The main points of contention include Canada Post's proposal to hire more part-time workers for weekend parcel delivery, which the union opposes. The union argues that this would undermine job security and lead to lower wages. Additionally, the union is seeking fair wages and improved working conditions, citing the rising cost of living as a significant factor.

Canada Post, on the other hand, has proposed wage increases above inflation over the next four years and aims to introduce a flexible seven-day delivery model to remain competitive. However, the union is pushing for a compounded wage increase of 24% over the same period.

As negotiations continue, the strike has already begun to impact mail and parcel deliveries, causing concern among businesses and consumers alike. The outcome of these talks will be crucial in determining the future of postal services in Canada.

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