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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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Pecan Tassies

Pecan Tassies are delightful bite-sized treats that are perfect for any occasion. Here's a classic recipe :

Ingredients:

For the Pastry:

  •  1 cup butter, softened
  •  6 oz cream cheese, softened
  •  2 cups all-purpose flour


For the Filling:

  • 1 ½ cups packed brown sugar
  •  2 tablespoons melted butter
  •  2 large eggs
  •  1 teaspoon vanilla extract
  •  1 ½ cups chopped pecans


Instructions:

1.  Prepare the Pastry:

  •     In a large bowl, cream together the butter and cream cheese until smooth.
  •    Gradually add the flour and mix until a soft dough forms.
  •    Divide the dough into 1-inch balls. Press each ball into the bottom and up the sides of a mini muffin tin to form a cup shape.

2. Make the Filling:

  •    Preheat the oven to 350°F (175°C).
  •  In a medium bowl, mix together the brown sugar, melted butter, eggs, and vanilla until well combined.
  •    Stir in the chopped pecans.

3.  Assemble and Bake:

  •    Fill each pastry cup with about a teaspoon of the pecan filling mixture.
  •    Bake in the preheated oven for about 20-25 minutes, or until the filling is set and the pastry is       lightly browned.
  •    Allow the tassies to cool in the pan for a few minutes before removing them to a wire rack to        cool completely.

Enjoy your delicious Pecan Tassies! 

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