mortgage renewals

Mortgage Renewals

The era of pleasant surprises for those renewing their mortgages appears to be over. In the aftermath of the 2008-09 financial crisis, interest rates declined, resulting in lower payments at renewal time for many Canadians. Fast forward 8 years. As interest rates rise, the first wave of post crisis renewals are seeing higher mortgage rates. If your mortgage is up for renewal this year, now is the time to...

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