Financial Post ~ July 11th, 2025
A large mortgage renewal wave is approaching, with many homeowners facing a tougher financial road ahead than others, a report by TD Economics says.
“About 60 per cent of outstanding mortgages will renew by the end of 2026, and 40 per cent are expected to renew at higher rates,” Maria Solovieva, an economist at TD Economics, said in a note, citing a report from the Bank of Canada.
She said those households in the 40 per cent group “are most likely to face payment increases,” with mortgage renewals expected to peak in the final quarter of 2025 and the first quarter of 2026.
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