Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump and Republicans Set Ambitious 100-Day Agenda with Focus on Tax Cuts


In a bold move, President-elect Donald Trump and the Republican majority in Congress are gearing up for an ambitious 100-day agenda, with tax cuts taking center stage. The plan aims to renew approximately $4 trillion in expiring GOP tax cuts, a hallmark of Trump's first term. 

House Majority Leader Steve Scalise emphasized the urgency of being prepared from Day 1, as GOP lawmakers have been meeting privately with Trump to outline their strategy. The proposed policies will reignite debates on America's priorities, income inequality, and the size and scope of government, especially given the mounting federal deficits nearing $2 trillion annually.

The tax cuts, initially passed in 2017, have significantly benefited higher-income households, with the top 1% receiving substantial reductions. As Republicans prepare to extend and enhance these cuts, they also plan to lower the corporate tax rate further and eliminate taxes on tips and overtime pay.

This ambitious agenda will test whether Trump and his allies can deliver the outcomes voters expect, having granted them control of both Congress and the White House.


Labels:

Comments

Post a Comment