As the final wave of record-low, pandemic-era mortgages reaches the renewal stage, a new Royal LePage survey reveals shifting sentiments among Canadian homeowners. While the feared ‘default crisis’ has not materialized, 35% of mortgage holders report increased anxiety as they transition to current market rates. Notably, Toronto is seeing a localized uptick in financial strain, with delinquency rates (mortgages 90+ days overdue) rising to 0.29% in late 2025. Despite this, 71% of homeowners are choosing to stay in their current homes rather than downsize, opting instead to curb discretionary spending or delay renovations to manage higher payments. With 38% of borrowers expecting increased monthly costs, the market is proving resilient but cautious. For a deeper dive into the data and expert analysis on how these renewal pressures are shaping the broader landscape, read the full report at https://www.mpamag.com/ca/mortgage-industry/industry-trends/mortgage-anxiety-rises-as-canadas-final-pandemic-era-renewals-land/586727.
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