
Canada’s Mortgage Market in 2025: What You Need to Know About Renewals and Rising Payments
With nearly 60% of Canadian mortgages up for renewal in 2025-2026, homeowners face significant payment increases. Interest rates are projected to decline, but affordability remains a challenge. Mortgage originations are surging, and many borrowers are experiencing a 30-40% payment shock. This blog breaks down what’s happening, why it matters, and what steps you can take to navigate these changes effectively. If you’re a homeowner preparing for renewal, or a buyer wondering if now is the right time, here’s what you need to know.