negative amortization

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

January 13, 2025 No Comments

Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

December 4, 2023 No Comments

Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%.

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negative amortization

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

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