As a licensed Mortgage Broker serving BC and Alberta, I’m always focused on helping clients navigate shifts in the lending landscape. Right now, about 12% of Canadian mortgages—particularly those five-year fixed rates secured during the pandemic—are coming up for renewal, with an average payment increase of 15%. With oil prices and bond yields on the rise, we’re seeing increased inflation and higher borrowing costs across the board. For homeowners, it’s more important than ever to be prepared for these adjustments. For investors, keeping a close eye on cash flow and maintaining a diversified portfolio can help manage new risks. With my experience working across major banks, credit unions, and private lenders, I make it my priority to secure lending solutions tailored to your specific needs, even as the market shifts. If you have questions about your upcoming renewal or how these trends might impact your situation, I’m always here to help.
Leave a Reply