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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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Trump Wins Colorado Ballot Case at Supreme Court, Defying Insurrection Charge

 

The U.S. Supreme Court on Monday ruled that former President Donald Trump can appear on Colorado’s primary ballot for the 2024 presidential election, overturning a lower court decision that had disqualified him under a constitutional provision that bars insurrectionists from holding office.

The justices unanimously held that Colorado, or any other state, cannot invoke Section 3 of the 14th Amendment, which was enacted after the Civil War, to remove presidential candidates from the ballot without congressional action first. Section 3 states that any person who has taken an oath to the Constitution and has engaged in insurrection or rebellion against the United States, or given aid or comfort to its enemies, is ineligible to hold any federal or state office.

The ruling came a day before Super Tuesday, when Colorado and 15 other states will hold their primaries. Trump is seeking to regain the Republican nomination and challenge Democratic President Kamala Harris, who defeated him in 2020. Trump’s campaign has been marred by allegations that he incited the violent mob that stormed the U.S. Capitol on Jan. 6, 2021, in an attempt to stop the certification of Harris’s victory.

A Denver trial court judge had ruled that Trump had engaged in insurrection on that day, but was not disqualified from the ballot because he was not an officer of the United States at the time. The Colorado Supreme Court reversed that decision in a 4-3 ruling, finding that Trump was an officer of the United States when he took the oath of office in 2017, and that his conduct on Jan. 6 amounted to insurrection.

The U.S. Supreme Court disagreed, saying that Section 3 requires a prior determination by Congress that a person has engaged in insurrection, and that states cannot make that determination on their own. The court also said that allowing states to remove presidential candidates from the ballot under Section 3 would undermine the Framers’ vision of a federal government directly responsible to the people.

The court’s decision is a major victory for Trump, who has faced similar challenges in other states, such as Illinois and Maine, where he has also been barred from the ballot. Trump has denied any responsibility for the Capitol riot, and has claimed that the 2020 election was rigged and stolen from him.


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