RBC’s mortgage terms reveal they’re not required to renew loans—renewals are at their discretion. With over 2 million Canadian mortgages up for renewal in the next two years, many homeowners face requalification, tighter credit checks, and falling home values. Job loss, rising debt, or lower appraisals could mean denial. Analysts warn this marks the start of a credit crunch, pushing foreclosures and housing losses across Canada.
Banks Are DENYING Mortgage Renewals – Canada’s Housing Crisis Just Got Worse
