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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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Your daily horoscope: Friday, April 4, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Family and financial matters are under excellent stars this year, so resolve to tackle whatever problems have been bothering you in the knowledge that they can be overcome. Don’t worry about being seen as pushy – it’s being pushy that gets things done.

ARIES (March 21 - April 20):

If you have a plan and the determination to follow it through to completion then success is guaranteed. Ignore those who say you are on the wrong path because they don’t know what they are talking about. You can in fact make any path work for you.

TAURUS (April 21 - May 21):

Uranus, planet of changes, is not only moving through your sign at the moment but makes powerful links to both Mars and Saturn. What that means in plain language is that if you want something enough no power on Earth can stop you from getting it.

GEMINI (May 22 - June 21):

The whole world could be against you today but it won’t make any difference: you are in one of those moods when the greater the challenge the more you will enjoy it and the bigger your eventual triumph will be. Remember, life is supposed to be fun.

CANCER (June 22 - July 23):

Mars in your sign makes a helpful link to changes planet Uranus today, so if you want to do something out of the ordinary then go for it and expect it to be a success. Don’t go over the top though – make your goals both reasonable and attainable.

LEO (July 24 - Aug. 23):

You may have to be blunt with someone on the work front today. It would appear that one of your colleagues has gone way beyond their authority and needs to be reined in a bit. Don’t mince words – tell them what they need to hear.

VIRGO (Aug. 24 - Sept. 23):

Whatever challenges come your way today you will have no trouble dealing with them. With Mars and Saturn working in your favor this is one of those occasions when you enjoy being tested to the limit. Show the world what you are capable of.

LIBRA (Sept. 24 - Oct. 23):

The more assertive you can be over the next 24 hours the better. The people you are going to be dealing with are the sort who respond best to strength of character and purpose, so show them you have what it takes to lead from the front.

SCORPIO (Oct. 24 - Nov. 22):

Upheavals planet Uranus in your opposite sign points to some sort of shake-up in one-to-one relationships but that need not be a bad thing. Be bold and embrace whatever changes come your way, and make sure others can see the benefits as well.

SAGITTARIUS (Nov. 23 - Dec. 21):

The more people say that certain things cannot be done the more determined you will be to prove them wrong. Your endless optimism will give you the power to break through obstacles, which in turn will inspire others to follow your lead.

CAPRICORN (Dec. 22 - Jan. 20):

Mars in your opposite sign can be a difficult influence to deal with but over the next few days it will work in your favour by making you more dynamic in your approach to life’s challenges. There is no such word as “cannot” in the Capricorn dictionary.

AQUARIUS (Jan. 21 - Feb. 19):

The more work you are given today the more industrious you will be, which is good, but that does not mean you should willingly do things for other people that they should be doing for themselves. Only embrace tasks that stimulate your mind.

PISCES (Feb. 20 - Mar. 20):

With changes planet Uranus forming positive links to Mars and Saturn your lust for life will be evident for all to see. Socially and creatively this is the ideal time to push past self-imposed boundaries. Go above and beyond what is expected of you.

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