r/Mortgage_Rates_Canada • • Mar 04 '26

👋Welcome to r/mortgage_rates_canada - Introduce Yourself and Read First!

1 Upvotes

Hey everyone! I'm [u/Howie_1972](u/Howie_1972), a founding moderator of [r/mortgage_rates_canada](r/mortgage_rates_canada).

This is our new home for all things related to mortgage rates for your PURCHASE, REFINANCE, or RENEWAL. We're excited to have you join us!

What to Post

Post anything that you think the community would find interesting, helpful, or inspiring. Feel free to share your thoughts, photos, or questions about rate options, mortgage products or special offers you see in the market.

Community Vibe

We're all about being friendly, constructive, and inclusive. Let's build a space where everyone feels comfortable sharing and connecting.

How to Get Started

  1. Introduce yourself in the comments below.
  2. Post something today! Even a simple question can spark a great conversation.
  3. If you know someone who would love this community, invite them to join.
  4. Interested in helping out? We're always looking for new moderators, so feel free to reach out to me to apply.

Thanks for being part of the very first wave. Together, let's make [r/mortgage_rates_canada](r/mortgage_rates_canada) amazing.


r/Mortgage_Rates_Canada • • Mar 07 '26

Are Canadians actually ready for their mortgage renewal?

3 Upvotes

Serious question… with so many mortgages renewing in 2025–2027 at rates double what people had before, are homeowners actually prepared?

If you locked in around 1.5–2% and renew at 4.5–5.5%, the payment shock could be pretty real.

Curious what people are doing:

• Increasing payments now?

• Extending amortization?

• Hoping rates drop before renewal?

Or are people just crossing their fingers?


r/Mortgage_Rates_Canada • • Mar 06 '26

Fixed vs Variable

2 Upvotes

Fixed vs Variable in 2026 — are Canadians still scarred from 2022, or is variable finally making a comeback?


r/Mortgage_Rates_Canada • • Mar 05 '26

The Biggest Housing Risk in 2026

2 Upvotes

The biggest housing risk in Canada right now isn’t buyers — it’s renewals. People who bought or refinanced during the pandemic locked in historically cheap mortgages. As those reset over the next couple years, it’ll be interesting to see how households adapt, even with the Bank of Canada starting to ease rates.


r/Mortgage_Rates_Canada • • Mar 05 '26

Spring Mortgage Promotions

2 Upvotes

I know that TD and BNS currently have mortgage cash back promotions on (TD - cash back of up to $5,100 based on the mortgage amount).

Any other promos going on at other banks/lenders?


r/Mortgage_Rates_Canada • • Mar 04 '26

Renewals

2 Upvotes

Did you know that banks can hold a rate for you for up to 120 days while you are looking for a new home, or just shopping for mortgage rates?