Canada could see a wave of mortgage renewals in 2025. Here is how some homeowners plan to navigate the payment shock.

At least 1.2 million Canadians are facing a mortgage renewal in 2025, and 85 per cent of those existing home loans were contracted when the Bank of Canada’s interest rate was at or below one per cent. Here’s how some homeowners are planning to navigate the increased payments.
Source: ctv business
Canada could see a wave of mortgage renewals in 2025. Here is how some homeowners plan to navigate the payment shock.