Canada’s Mortgage Renewals in May 2025

Detailed close-up of a hand pointing at colorful charts with a blue pen on wooden surface.

There’s been a lot of worry about Canadians facing a mortgage payment shock — the idea that when people renew their mortgages, their payments would skyrocket due to higher interest rates. But according to the latest report from the Bank of Canada, the situation isn’t as bad as expected. Originally, it was predicted that mortgage … Read more