A recent report from TD Bank suggests that the pressure on GTA homeowners facing mortgage renewals may be easing sooner than expected. The report highlights that Canadian households are navigating the challenges of higher mortgage payments, with income growth playing a significant role. The household debt-service ratio has already fallen from over 15% in 2023 to 14.6% in Q3 2025, according to Statistics Canada.
Homeowners have also adapted by extending amortization periods. While modest payment increases may persist in early 2026, TD anticipates a decrease in the latter half of the year as more mortgages renew at lower rates, influenced by the Bank of Canada’s policy. For a deeper dive into the data and analysis, read the full article on Financial Post.
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