Survey Shows Renewers Confidently Navigating Higher Mortgage Rates

A recent survey highlights the real challenges facing Canadians renewing their mortgages: over 80% have encountered higher rates since January 2025, and 45% are now dedicating half their budget to mortgage payments. Five-year fixed terms remain the go-to choice, while younger homeowners (ages 18–34) are especially feeling the pinch, with 90% experiencing increased rates. These numbers underscore why a clear, strategic approach to mortgage renewal is so important. My focus has always been on simplifying options and planning ahead, so clients can navigate moments like this with confidence and clarity—no surprises, just informed decisions for each unique situation.