Key Highlights:
40% of Canadians whose mortgage is renewing in 2025 expect their payment will stay the same or decrease, while 57% anticipate their monthly payment will increase.
81% of those who expect their monthly payment to increase upon renewal, say it will put financial strain on their household.
10% of Canadians with a mortgage renewing in 2025 are exploring downsizing, relocating and rental income options.
As interest rates continue to decline, more Canadians are looking to sign variable-rate...
