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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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Tragedy Strikes Vancouver Street Festival: Nine Lives Lost in SUV Incident


A devastating incident unfolded at Vancouver's Lapu Lapu Day Block Party on Saturday evening, leaving nine people dead and multiple others injured. The festival, celebrating Filipino culture, was winding down near East 41st Avenue and Fraser Street when a black SUV plowed into the crowd at high speed.

Eyewitness accounts describe the scene as chaotic, with bodies scattered across the street and bystanders rushing to assist the injured. The driver, a 30-year-old Vancouver man, was restrained by festival-goers until police arrived. Authorities have confirmed that the suspect is known to them and have ruled out terrorism as a motive.

The Lapu Lapu Day Block Party, named after a Filipino resistance fighter, had drawn thousands of attendees throughout the day. The tragedy has left the community in shock, with Vancouver Mayor Ken Sim expressing his condolences and support for the victims and their families.

Investigations are ongoing, and the Vancouver Police Department's Major Crime Section is leading the case. The city mourns the loss of lives and grapples with the aftermath of this horrific event.

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