Toronto-area homeowners, are you bracing for mortgage renewal shock? According to Ratehub.ca’s 2026 forecast, variable-rate mortgages might be making a significant comeback. As fixed-rate borrowers face potentially steep payment increases upon renewal, the appeal of variable rates is growing. Currently, the lowest five-year variable rate in Canada sits at 3.45%, undercutting the fixed-rate low of 3.94%. Inquiries for variable-rate mortgages on Ratehub.ca saw a 25.7% year-over-year increase in 2025, accounting for 11.5% of all inquiries, compared to just 7% in 2024. While the Bank of Canada is expected to hold rates steady in the near term, this shift could offer some relief in the face of rising renewal costs. Click here to read the full article on mpamag.com and delve deeper into the 2026 mortgage landscape.
Read the original story here: https://www.mpamag.com/ca/mortgage-industry/industry-trends/could-variable-rate-mortgages-be-poised-to-bounce-back-in-2026/560272
