mortgage renewals Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

majority of those mortgage holders expect to pay more in their monthly borrowing costs

Homeowners expect monthly mortgage payments to rise upon renewal in 2025: survey

February 20, 2025 No Comments

As more than one million mortgages come up for renewal in Canada this year, a new survey says the majority of those homeowners expect to pay more in their monthly borrowing costs.

Canada in a ‘per-capita’ recession, but recovery near: CIBC’s Tal

February 19, 2025 No Comments

The bad news is Canada is in a recession and facing a period of unprecedented uncertainty. The good news is that the pain will be short lived, and the country is positioned to emerge in a strong position.

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

January 13, 2025 No Comments

Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

Bank CEOs see mortgage risk easing as attention turns to political uncertainty

January 7, 2025 No Comments

The heads of Canada’s biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place.

“Strong consensus” among BoC Governing Council that 50bps cut was needed in October

November 5, 2024 No Comments

The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed.

Canada’s job market poses a bigger risk than mortgage renewals: RBC

October 17, 2024 2 Comments

With mortgage renewal fears easing, RBC warns that a weakening job market could be the bigger threat to Canada’s economy

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

August 13, 2024 1 Comment

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates.

Bank of Canada officials worry that rate cuts may overheat the housing market

June 19, 2024 2 Comments

The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat the housing market.

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