The Mortgage Renewal Wall: What Happens When Canadians Have to Renew the Mortgage?
Canada’s mortgage renewal is in full swing and we might be right in the middle of it
The Bank of Canada may be holding rates, but many homeowners are still facing renewals at much higher rates than they originally locked in.
That could mean bigger monthly payments, and potentially more pressure on the housing market.
In our latest video with Kyle Miller Mortgages, we break down what the renewal wall could mean for homeowners, buyers, sellers, and the Ottawa market.
The key takeaway: stop trying to predict the next rate cut and start understanding your own numbers.
Watch the full conversation and tell us, is your mortgage coming up for renewal?
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