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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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Honouring the Fallen: Canadians Unite on Remembrance Day

 

Today, Canadians from coast to coast gather to commemorate Remembrance Day, a solemn occasion dedicated to honoring the brave men and women who sacrificed their lives in military service. Ceremonies are held at cenotaphs and war memorials across the country, with the National War Memorial in Ottawa serving as the focal point for national observances.

Prime Minister Justin Trudeau and Governor General Mary Simon are among the dignitaries attending the ceremony in Ottawa. They are joined by Maureen Anderson, this year’s Silver Cross Mother, who represents all mothers who have lost children in military service. Anderson’s two sons, Sgt. Ron Anderson and Sgt. Ryan Anderson, both served in Afghanistan and tragically passed away after battling post-traumatic stress disorder.

At 11 a.m., Canadians observe a moment of silence, marked by the mournful sound of the Last Post, to remember and honor the fallen. This tradition, rooted in the anniversary of the Armistice agreement that ended World War I, continues to resonate deeply with Canadians, reflecting the nation’s enduring gratitude and respect for its veterans.

In addition to the national ceremony, numerous local events and activities take place, including parades, wreath-laying ceremonies, and educational programs aimed at preserving the memory of those who served. These events provide an opportunity for Canadians of all ages to reflect on the sacrifices made for the freedoms they enjoy today.

Remembrance Day is not only a time to remember the past but also to recognize the ongoing contributions of Canada’s armed forces. It serves as a poignant reminder of the cost of peace and the importance of continuing to strive for a better, more peaceful world.


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