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Mortgage Renewal Shock 2026: What Canadian Homeowners Need to Know

  The Reality: Over 60% of Canadian mortgages are renewing in 2025 and 2026—many at rates significantly higher than their original terms. While some homeowners will see relief, others face payment increases of 15–40%. This guide will help you understand what's happening, run the numbers, and explore your options before your renewal date arrives. The Big Picture: What's Happening in 2026 Canada is experiencing a historic wave of mortgage renewals. A large cohort of mortgages originated during the pandemic's historic low-rate period—when rates hovered around 2% or lower in 2020–2021—are now maturing and resetting at today's rates. The Bank of Canada staff estimate that roughly 60% of outstanding mortgages will renew in 2025 and 2026, making this the most significant renewal cycle in decades. In 2026, the average mortgage renewal increase is projected to moderate to around 6%, though individual experiences vary dramatically depending on mortgage type and renewal timing. W...
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Devastating Earthquake Near Everest Claims 95 Lives

 


Western China was struck by a powerful 7.1 magnitude earthquake on Tuesday morning, near the border with Nepal. The quake, centered in the Tibet region, has tragically claimed at least 95 lives and injured over 130 people. The epicenter was located about 50 miles northeast of Mount Everest causing tremors felt as far away as Kathmandu.

The earthquake has caused significant damage, with 1,000 homes destroyed and rescue efforts complicated by the remote, high-altitude location. Chinese leader Xi Jinping has called for all-out efforts to rescue survivors and minimize further casualties.

The region continues to experience aftershocks, adding to the challenges faced by rescue teams and local residents. The Mount Everest scenic area on the Chinese side has been closed, and relief operations are ongoing.

This disaster serves as a stark reminder of the ever-present seismic activity in the Himalayan region, which has seen numerous powerful quakes over the past century.




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