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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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Tiny Homes for the Homeless: A Controversial Solution in Toronto

 

The City of Toronto has requested the removal of tiny shelters for homeless individuals from St. James Park. These shelters, built by the non-profit organization Tiny Tiny Homes, were designed to provide temporary housing for those experiencing homelessness. The city cited safety concerns and interference with public use of the park as reasons for the removal.

Ryan Donais, the founder of Tiny Tiny Homes, started building these shelters to address the growing number of homeless encampments in Ontario. Each tiny home is equipped with a bed, a small kitchen, a solar panel for lights and a fan, and a diesel-fueled heating system. Despite the city's request, Donais and his supporters are advocating for alternative locations for the shelters and have started a petition to garner public support.

The city has acknowledged the good intentions behind the initiative but maintains that the shelters pose safety risks and interfere with city staff's outreach work. As the debate continues, the future of these tiny homes remains uncertain.


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