Mortgage Renewal
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Mortgage renewals mean housing takes up 50% of many Canadians’ budgetsCanada is in the middle of its largest wave of mortgage renewals, with many Canadians seeing their housing budgets go up, a new survey has found.MoneyAug 11
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Canadians facing mortgage renewal anxiety about monthly payments: surveyThe survey found that more than half of those homeowners said they expect bad news when they renew and they anticipate their monthly payment will increase.EconomyFeb 20, 2025
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As mortgage payments go up, should you renew or refinance your home loan?Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice.CanadaOct 23, 2023
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of CanadaConsumerOct 2, 2023
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More homeowners are turning to private lenders. Here are the risksMore people are borrowing from non-bank lenders — at sharply higher interest rates — amid stricter mortgage rules.MoneyNov 3, 2018
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What you probably don’t know about renewing your mortgageDespite stress tests and climbing interest rates, there's hope.CanadaSep 29, 2018
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