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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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The Royal Canadian Mounted Police (RCMP) have announced a scaled-back search for six-year-old Lily Sullivan and four-year-old Jack Sullivan, who went missing from their home in Lansdowne Station, Nova Scotia, six days ago. Despite the adjustment, authorities emphasize that the investigation remains active and ongoing.

The search, which has involved multiple agencies, helicopters, drones, and hundreds of volunteers, has covered approximately four square kilometers of dense forest. Officials cite challenging terrain, exhaustion among search teams, and the probability of survival as factors in their decision to reduce the scale of operations. However, they stress that efforts will continue, with investigators revisiting key areas to ensure no clues are overlooked.

The children's stepfather, Daniel Martell, expressed gratitude for the extensive search efforts and the support from the community. While authorities maintain that there is no evidence of abduction, Martell remains hopeful and has urged officials to expand the search beyond provincial borders.

RCMP Staff Sgt. Curtis MacKinnon reassured the public that the investigation is far from over. "We’re not packing up, and we’re not giving up," he stated, emphasizing that the search will persist until Lily and Jack are found.

As the community holds onto hope, authorities continue their work, determined to bring the missing children home.

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