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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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S&P 500 Soars to Record High Two Days After Trump's Inauguration

In a remarkable turn of events, the S&P 500 index reached a record high just two days after President Donald Trump's inauguration. The market surged by 0.81%, briefly trading above 6,100, driven by renewed optimism around Trump's trade policies. Investors seemed unfazed by Trump's tariff threats, focusing instead on the potential benefits of his administration's economic plans.

The Dow Jones Industrial Average also saw gains, rising by 127 points, while the Nasdaq index climbed 1.5%. Analysts attribute the market's performance to strong earnings reports and Trump's more moderate tone on trade compared to his campaign promises.

As the new administration settles in, market watchers are keenly observing how Trump's policies will shape the economic landscape in the coming months.




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