Mortgage Renewal
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As mortgage payments go up, should you renew or refinance your home loan?Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice.CanadaOct 23, 2023
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of CanadaConsumerOct 2, 2023
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More homeowners are turning to private lenders. Here are the risksMore people are borrowing from non-bank lenders — at sharply higher interest rates — amid stricter mortgage rules.MoneyNov 3, 2018
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What you probably don’t know about renewing your mortgageDespite stress tests and climbing interest rates, there's hope.CanadaSep 29, 2018
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