Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Effects on the Economy: Impact of Rising Interest Rates in Canada


Rising interest rates in Canada can have a significant impact on various aspects of the economy. Firstly, higher interest rates can lead to increased borrowing costs for businesses and individuals, making it more expensive to invest or make large purchases such as homes or vehicles. This can potentially slow down economic activity and reduce consumer spending, which is a key driver of growth.


 Additionally, rising interest rates can strengthen the Canadian dollar relative to other currencies, which can negatively affect export-oriented industries by making their products more expensive in foreign markets. Moreover, higher interest rates can attract foreign investors seeking higher returns on their investments, potentially leading to an inflow of foreign capital but also potentially making Canadian exports less competitive. Overall, while rising interest rates can help curb inflation and maintain the stability of the economy in the long run, their short-term impact may include slower economic growth, reduced consumer spending, and potential challenges for export-oriented sectors in Canada.






Labels:

Comments

Post a Comment