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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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Canada Post Strike Enters Fourth Week Amid Rising Tensions


As the Canada Post strike approaches its four-week mark, tensions between the Crown corporation and the Canadian Union of Postal Workers (CUPW) continue to escalate. The ongoing strike, which began on November 15, 2024, has left millions of deliveries at a standstill, impacting businesses and consumers alike.

The union and management have been trading accusations of bad-faith bargaining. The CUPW criticized Canada Post's latest offers, stating that they do not address key issues such as wage increases, job security, and working conditions. In response, Canada Post claimed that the union's proposals have widened the gap between the two parties, introducing new demands that complicate negotiations.

With federal mediation on hold and no end in sight, the business community has called for government intervention. However, Prime Minister Justin Trudeau has so far resisted stepping in, urging both sides to reach an agreement.

As the strike drags on, small businesses, especially retailers relying on parcel deliveries during the holiday season, are feeling the brunt of the disruption. The CUPW has also filed an unfair labour practice complaint over layoffs of striking workers, adding another layer of contention.

The future of negotiations remains uncertain, with both parties standing firm on their positions. The impact on the economy and public services continues to grow, leaving many to wonder when a resolution will be reached.




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