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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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Notorious Killer Paul Bernardo to Appear Before Parole Board of Canada

 

Paul Bernardo, one of Canada's most infamous serial killers, is scheduled to appear before the Parole Board of Canada today for a hearing. Bernardo, who has been denied parole twice in the past, is serving an indeterminate life sentence for the kidnapping, sexual assault, and murder of 15-year-old Kristen French and 14-year-old Leslie Mahaffy in the early 1990s near St. Catharines, Ontario.

The hearing will take place at the medium-security La Macaza Institution in Quebec, following his controversial transfer from a maximum-security Ontario prison last year. Tim Danson, the lawyer representing the French and Mahaffy families, has expressed frustration over the parole board's initial decision to deny the families the right to deliver their victim impact statements in person. Although the board later reversed this decision, the short notice has made it difficult for the families to arrange travel, resulting in only Mahaffy's mother attending in person while others will deliver their statements remotely.

Bernardo's crimes, which also include the manslaughter of his then-wife Karla Homolka's 15-year-old sister, Tammy, have left a lasting impact on the victims' families and the Canadian public. The parole board's decision today will be closely watched, as it could determine whether Bernardo will remain behind bars or be granted parole.



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