{"id":2133,"date":"2026-09-30T08:02:54","date_gmt":"2026-09-30T13:02:54","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/09\/30\/71-of-gta-borrowers-reject-variable-rates-as-renewal-crisis-looms\/"},"modified":"2026-09-30T08:02:54","modified_gmt":"2026-09-30T13:02:54","slug":"71-of-gta-borrowers-reject-variable-rates-as-renewal-crisis-looms","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/09\/30\/71-of-gta-borrowers-reject-variable-rates-as-renewal-crisis-looms\/","title":{"rendered":"71% of GTA Borrowers Reject Variable Rates as Renewal Crisis Looms"},"content":{"rendered":"

Canadian mortgage borrowers are overwhelmingly favoring fixed-rate mortgages as rate uncertainty and the 2026 renewal wave reshape borrowing decisions. New data from Rates.ca reveals that fixed-rate products commanded 71% of mortgage quotes in August, with five-year terms reaching their highest share in two years at 76% of all three- and five-year quotes. This marks a dramatic shift from August 2024, when five-year terms held just 55% of the market. While variable-rate mortgages have grown to 29% of quotes\u2014up from 21% a year ago\u2014payment predictability continues to outweigh short-term savings for most borrowers. For GTA homeowners approaching renewal from pandemic-era rates, the data signals a clear preference for certainty. Brokers report clients increasingly exploring extended amortizations and HELOCs as financial flexibility tools. The message is clear: Canadians are prioritizing stability over rate-chasing in an uncertain economic environment. Read the full analysis at the original source.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Fixed-rate mortgages dominate as GTA borrowers seek certainty amid renewal pressures and rate uncertainty in 2026.<\/p>\n","protected":false},"author":3,"featured_media":2132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[1080,1079,733,213,416,1039],"class_list":["post-2133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-borrower-trends","tag-fixed-rates-vs-variable-rates","tag-gta-housing","tag-interest-rates","tag-mortgage-renewal","tag-toronto-mortgage-market"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2133"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/2133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/2132"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}