mortgage renewals canada

60% Of Canadian Mortgages Are Set To Renew In The Next 3 Years

“Variable-rate mortgagors are set to see significant payment shock, perhaps as high as 84% by 2026 if interest rates do not decline.”


In Letter To BoC, David Eby Calls Possibility Of Another Rate Hike "Disturbing"

Premier Eby's letter to Bank of Canada Governor Tiff Macklem comes about a week before the Bank of Canada's next policy rate announcement.


How Much Do Canadians Know About Their Mortgages? It Turns Out Not Much

Most Canadian mortgage holders don’t know their monthly payment ‘without looking it up’ — but experts point out that today's borrowers are facing an unprecedented level of nuance.


“Mortgage Malaise”: Over A Third Of Canadians Regret Their Current Mortgage

The Real Estate and Mortgage Institute of Canada reports that “mortgage malaise” is setting in amongst Canadian borrowers, with 45% anticipating they will be paying off their mortgages until the age of 60.


Despite Sluggish Uptake Amongst Most Major Banks, “Tens Of Thousands” Have Opened An FHSA With RBC

Alongside National Bank, RBC is one of the few major Canadian banks to get their FHSA up and running in April. Scotiabank, CIBC, and BMO have indicated that their FHSAs will be available for customers later this year.


Opinion: In Defence Of The Bank Of Canada’s Latest Rate Hike

Inflation is down, but it's rarely ever a one-and-done phenomenon — something the BoC is well aware of when implementing a rate hike.

Personal Finance

Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%

For the first time in a year, the Bank of Canada chose not to raise interest rates, announcing that it will hold its policy rate at 4.5%.


HSBC Canada Officially Acquired by RBC for $13.5B

HSBC Canada, the Canadian arm of the British global banking giant, has officially been snapped up by RBC in a $13.5B acquisition.


What Canadians Need to Know About Open Banking

Open banking is a system that enables consumers to transfer their financial data between financial institutions and accredited third parties.