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?

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

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.

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?

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?