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Mortgage Renewal in 2026: What Homeowners Need to Know Now
The Bank of Canada has paused rates at 2.25%, signaling the rate cutting cycle is over and that lower pre-pandemic rates are not coming back. With 1.2 million Canadians renewing in 2026, many homeowners face payment increases of around $718 per month if they do not plan ahead. This video breaks down how to build a clear renewal strategy around today’s rate reality so you can reduce payment shock and make a more informed mortgage decision.
The skinny
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