Tag: #InterestRates
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Between 2.1 and 2.4 million Canadian households are renewing in 2025–2026, representing about 60% of all mortgages, with many seeing 6–20% payment increases and some up to 40%.
Between 2.1 and 2.4 million Canadian households are renewing in 2025–2026, representing about 60% of all mortgages, with many seeing 6–20% payment increases and some up to 40%. A fixed-rate borrower who locked at around 1.4% in 2020 and renews near 3.9–4.0% today can see annual payments rise by nearly $7,000, which is a serious Read more
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Your Mortgage Renews in 2026? Why Many Ontario Homeowners Face 15–20% Higher Payments And How I Can Help You Fight Back
Your Mortgage Renews in 2026? Why Many Ontario Homeowners Face 15–20% Higher Payments And How I Can Help You Fight Back If your mortgage renews in 2026, you could be looking at monthly payments that are 15–20% higher than what you locked in during the low-rate years. Across Canada, millions of borrowers are rolling off Read more
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Canadian Housing Crash Coming?
Canadian Housing Crash Coming? 😬 November home sales in Canada just dropped almost 11% year-over-year, with prices softening and buyers and sellers stuck in a tense holding pattern heading into 2026. 😱 Higher rates, shaky confidence, and growing inventory are quietly reshaping the market—this lull could be the calm before a much bigger storm in Read more
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GTA Home Sales Plunge 48%: Historical Low in July 2025
GTA home sales plunged to 359 units in July, a 48% drop from last year, driven by high interest rates. Read more
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Mortgage Delinquencies on the Rise!
RBC notes rising mortgage delinquencies in the GTA as interest rates strain homeowners, highlighting the need for mortgage options. Read more