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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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Rebels Advance on Homs and Damascus as Assad's Forces Struggle to Hold Ground

 

Syrian rebels have intensified their assault on key cities, capturing Hama and advancing towards Homs and Damascus. The rapid rebel advance has caught government forces off guard, leading to a significant repositioning of troops to defend these strategic locations.

In recent days, rebels have seized control of several major cities, including Aleppo in the north and Hama in the center. The capture of Homs, Syria's third-largest city, would be a major blow to President Bashar al-Assad's regime. Thousands of residents have fled the advancing conflict zones, seeking safety in less volatile areas.

The Syrian military has launched airstrikes on rebel positions and sent reinforcements to fortify Homs. However, the rebels remain undeterred, claiming to control most of the south and advancing to within 50 kilometers of Damascus.

The international community watches closely as the situation unfolds, with concerns over regional stability and the potential for further escalation. The conflict, which began in 2011 as an uprising against Assad's rule, has already caused significant humanitarian crises and drawn in various external powers.

As the rebels continue their push, the future of Syria hangs in the balance, with the potential for significant shifts in power and territory.




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