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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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Hamas Dismisses Trump's Ultimatum, Demands Lasting Ceasefire for Hostage Release

In a recent development, Hamas has dismissed President Donald Trump's ultimatum to release the remaining Israeli hostages held in Gaza. The militant group has reiterated its stance that the hostages will only be freed in exchange for a lasting ceasefire in the Gaza Strip.

Trump's threat came after the White House confirmed unprecedented direct talks with Hamas, marking the first such engagement since the group was designated a foreign terrorist organization by the US in 1997. In a social media post, Trump warned Hamas to release all hostages and return the bodies of the deceased, or face severe consequences.

Hamas spokesperson Abdel-Latif al-Qanoua accused Trump and Israeli Prime Minister Benjamin Netanyahu of attempting to back out of the ceasefire agreement reached in January. The agreement called for negotiations over a second phase, which would involve the release of hostages in exchange for more Palestinian prisoners, a permanent ceasefire, and an Israeli withdrawal from Gaza.

The fragile ceasefire, which has facilitated hostage exchanges and humanitarian aid deliveries, is now at risk of collapse. The failure to secure a lasting agreement could reignite violence and escalate the humanitarian crisis in Gaza.

As the situation remains tense, the international community watches closely, hoping for a resolution that will bring peace and stability to the region.


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