New data from the rates comparison site Ratehub shows that people who are renewing a five-year fixed mortgage this year could see their payments increase by a massive 24 per cent. The figure assumes ... The Globe and Mail: The mortgage renewal wave didn’t destroy finances.

Understanding the Context

But how badly are they hurting? The mortgage renewal wave didn’t destroy finances. But how badly are they hurting? Only four out of ten mortgage holders intend to shop around at renewal, a fresh poll from Toronto Dominion Bank reveals.

Key Insights

Sudbury.com: Your mortgage renewal could cost or save you hundreds of thousands of dollars The results are striking. Some clients have paid off their mortgage 10 to 15 years ahead of schedule, in certain cases saving close to a quarter of a million dollars in interest. Chin asks clients to ... Your mortgage renewal could cost or save you hundreds of thousands of dollars If you’re one of the many Canadians with a mortgage renewal coming up this year, you’ve likely felt a bit of unease reading the headlines.