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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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Your daily horoscope: March 18, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You need to shut down that nagging voice in the back of your mind that is always urging caution. Yes, of course, you can’t just take risks left, right and center but you will need to be adventurous this year if you want to make serious progress.

ARIES (March 21 - April 20):

You have done so many favours for so many people in recent weeks, so it’s no surprise you are feeling a bit rundown. Give yourself a couple of days off, because the sun’s change of signs on Thursday will bring more challenges your way.

TAURUS (April 21 - May 21):

Your feelings for someone have gone from one extreme to the other in recent weeks and it’s time you got yourself back on an even keel. Start by recognizing that you cannot afford to let your heart rule your head every moment of every day.

GEMINI (May 22 - June 21):

It’s a good thing that you enjoy surprises because the planets are lining up something that will shock you in a positive way. Someone you thought you knew everything about will reveal their big secret over the next few days, and it will blow you away!

CANCER (June 22 - July 23):

If there is something about your life you would like to change then think about it seriously today and tomorrow and be ready to make it happen when the sun crosses into the career area of your chart on Thursday. The bigger the change the better.

LEO (July 24 - Aug. 23):

You may not get along with someone on a personal level but that does not mean you cannot co-operate with them in a professional capacity. It could in fact work in your favour in that you don’t waste time on unnecessary and distracting small talk.

VIRGO (Aug. 24 - Sept. 23):

If you must be critical of someone’s efforts today make sure your words are designed to be constructive rather than destructive. The more you build up their confidence now the more likely it is they will make a better job of things later on.

LIBRA (Sept. 24 - Oct. 23):

If you are asked to undertake a job you have no experience in today it might be wiser to turn it down. That won’t be easy, of course, as you always hate to say “No” but on this occasion it could save you from a lot of grief.

SCORPIO (Oct. 24 - Nov. 22):

Usually you are very good at hiding your true feelings, especially when they are negative, but that may not be possible today. In a way that’s good because if you don’t make a bit of a fuss now those feelings could get worse over time.

SAGITTARIUS (Nov. 23 - Dec. 21):

The more you try to understand why a loved one is upset about something that seems trivial to you the further away from an answer you will get. So stop trying, put some distance between you and let them enjoy feeling hard done by.

CAPRICORN (Dec. 22 - Jan. 20):

The past few weeks have been quite exciting and there is no reason why the next few weeks should not be exciting as well, but you will soon have to take on more responsibilities on the home front, so don’t plan quite so many social events.

AQUARIUS (Jan. 21 - Feb. 19):

It may come as a shock to discover that a friend has done something so out of character but that’s because you don’t know them as well as you thought. Stop trying to project your own values on them and see them for who they really are.

PISCES (Feb. 20 - Mar. 20):

Trust your own feelings today and don’t go along with the crowd just because you don’t want to be the odd one out. If what others are proposing strikes you as risky then simply refuse to take part. You can say “I told you so” later on.

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