As someone who’s been guiding clients through mortgage renewals and refinancing since 2010, I’m seeing firsthand what a recent survey confirmed: more than 80% of Canadians renewing their mortgages since January 2025 have been met with higher rates. For nearly half, that means mortgage payments are now eating up 50% of their budget. Five-year fixed terms remain the top choice, but even younger homeowners aren’t immune—90% of those aged 18-34 are also facing higher rates. The lending landscape is changing, and finding the right fit—whether it’s a first mortgage, second mortgage, or a creative solution like a HELOC or private mortgage—matters more than ever. My approach has always been to work with a wide range of lenders, from big banks to private lenders, to make sure clients get tailored solutions that truly match their needs.
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