Over 2M Canadian mortgages are renewing by 2026 and most will cost much more. Many condo owners from the 2020–21 boom could see payments jump 30–60%, pushing budgets past the breaking point. CHMC reports delinquencies rising from record lows — a warning sign. Higher costs mean less spending, slowing the economy and pressuring home prices. Run your renewal numbers now and take action early to protect your home and finances.
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