More than a third of pandemic-era borrowers expecting higher mortgage rates at renewal, new report says

Financial Post - Banking • 2026-08-19

AI summary

A recent Royal LePage survey indicates that over a third of Canadian homeowners renewing mortgages taken out during the pandemic anticipate higher payments due to increased interest rates. Despite this, a significant majority plan no changes to their living arrangements, with many expecting to reduce discretionary spending. While anxieties exist, particularly in major urban centers, overall mortgage delinquency rates remain below pre-pandemic levels.

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