About this episode

This episode discusses upcoming mortgage rule changes in Canada that will empower homeowners during renewals in 2026.

In 2026, it is estimated that nearly half of all Canadian mortgages will be up for renewal. This involves over 1 million households here in Canada. Because of the change in interest rates, some of these households could see their monthly payments jump by 15% to 20% on average—and in extreme cases, even higher. That's the bad news. The good news is that if your mortgage is coming up for renewal, the stress test requirements have likely changed since the last time you took out a mortgage years ago. You actually have more power than ever to leave your current mortgage provider if you find a better mortgage elsewhere, and this is because the stress test has been removed in certain cases. Homeowners who were previously "trapped" with their current mortgage provider can now freely move to a competitor offering a lower rate. This forces the lenders to actually compete for your business. In this episode, we're going to cover exactly how you can navigate all of these changes so you can keep more of your hard-earned money invested in your portfolio, rather than handing over an excessive amount to your mortgage provider. Specifically, we're going to cover: What Canadian mortgage holders…

People in this episode

Host: Kornel Szrejber

Topics covered

• mortgage changes
• stress test
• fixed vs variable rates
• homeowner flexibility
• payment shock
• mortgage competition

Keywords

• mortgage
• stress test
• fixed-rate mortgage
• variable-rate mortgage
• payment shock
• renewal
• interest rates
• homeowners
• mortgage provider
• switching flexibility

Mentioned in this episode

Places: Canada

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