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Homeowners Managing Higher Mortgage Payments Despite Concerns: Survey
The poll of 1,127 Canadians found 76% of those expecting higher payments say renewal will strain household finances.
- On Aug. 19, 2026, a Royal LePage survey reported that 38 per cent of Canadians expect their mortgage payments to increase upon renewal, marking a significant shift in homeowner sentiment.
- Expectations have improved since early 2025, when 57 per cent of renewing homeowners anticipated payment hikes, though anxiety remains concentrated among those who last renewed in 2021 or 2022.
- Among those anticipating higher payments, 76 per cent report financial strain, with 58 per cent planning to reduce discretionary spending and 38 per cent intending to delay home renovations.
- Despite anxiety, 71 per cent of homeowners will not change living arrangements; Phil Soper, president and chief executive of Royal LePage, credited regulatory measures for preventing a default crisis.
- Financial concerns are higher in Vancouver and Toronto ; Soper noted these elevated worries likely stem from higher home values in those markets rather than the renewals themselves.
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14 Articles
14 Articles
The Toronto Star+10 Reposted by 10 other sources
Homeowners managing higher mortgage payments despite concerns: survey
TORONTO - As the last wave of mortgage renewals from the era of ultra-low interest rates comes, a new survey suggests most homeowners have been managing higher payments.
·Toronto, Canada
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Coverage Details
Total News Sources14
Leaning Left6Leaning Right1Center4Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 36%
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