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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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Final Countdown: Key Updates and Things to Know as U.S. Election Nears

 

With just three days remaining until the U.S. presidential election, the race between Vice President Kamala Harris and former President Donald Trump is reaching its climax. Both candidates are making their final appeals to voters in key battleground states, aiming to sway undecided voters and solidify their support base.


Latest Updates:

1. Polling Data: Recent polls indicate a tight race, with Harris holding a slight edge nationally but Trump leading in several key swing states.

2. Early Voting: Early voting numbers have reached unprecedented levels, with millions of Americans already casting their ballots.

3. Campaign Events: Harris and Trump are hosting dueling rallies in battleground states like Wisconsin and Pennsylvania, making their final pitches to voters.

Key Things to Know:

1. Polling Accuracy: Confidence in polling has been shaken by past errors, but efforts are being made to improve accuracy.


3. Candidates' Stances: Harris and Trump have different approaches to key issues such as abortion, climate change, and gun control.


3. Electoral College: The election will be decided by the Electoral College, with battleground states playing a crucial role6
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As Election Day approaches, the outcome remains uncertain, with both campaigns working tirelessly to secure a victory on November 5. Stay informed and make your voice heard.



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