• 57% of Canadians whose mortgage is renewing in 2025 anticipate their monthly payment will increase, while 40% expect their payment will stay the same or decrease.
• Among those who expect their monthly payment to increase upon renewal, 81% say it will put financial strain on their household.
• Respondents in the province of Quebec are least likely to expect increased monthly mortgage payments and financial strain upon renewal.
• More Canadians are looking to sign variable-rate mortgages upon renewal, as interest rates continue to decline.
• As the trade conflict between the United States and Canada intensifies, more aggressive rate cuts by the Bank of Canada are possible to stave off a potential recession.

Our "Under the Hood" Look at the Oakville Numbers