If you locked in your mortgage during the pandemic at 1.8% – 2.5%, this episode is for you.
👀 In Part 2 of our 5-part series on Mortgages in 2026, we break down what mortgage renewal actually looks like in today’s market, using real numbers, not headlines.
📊 Real-world example:
Mortgage balance: $500,000 Pandemic rate (2021): 1.8% Monthly payment then: ~$2,060
Renewal rate (2026 example):~4% New monthly payment: ~$2,630
Approx That’s a $570/month increase, nearly 30% more, even if you stay with your current lender and don’t need to re-qualify.
🎯 What does that mean?
Less discretionary spending
Lifestyle adjustments
Real impact on household budgets
Featuring Luis Vargas (Ottawa Home Group) and Eric Ender, Mortgage Broker, this episode walks through the math, the reality, and why planning before renewal matters more than ever.
👉 Watch Part 2 now and stay tuned for Part 3 next week where we discuss: ‘What if my mortgage is up for renewal, but my income has changed or I’ve lost my job?’ What options do homeowners have in that situation, and what should they do before talking to their lender?”
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