05/29/2026
Your mortgage renewal could look very different than it did a few years ago.
Many homeowners who locked in ultra low rates are now asking the same question: Will my monthly payment go up when it's time to renew?
The answer depends on more than just today's rates. Choosing between a fixed or variable mortgage could have a bigger impact on your budget than you think.
Before signing your renewal offer, take a few minutes to understand what is happening in the market and what options may make the most sense for your situation.
Read the full article here:
https://www.placerealestate.ca/blog/99889/will-your-mortgage-payments-increase-at-renewal-what-homeowners-need-to-know-about-fixed-vs-variable-rates-in-2026
Have you renewed your mortgage recently or will you be renewing soon? Share your experience below.
Homeowners who took 5-year mortgages in 2021–22 are now facing “mortgage renewal shock” as those rock-bottom rates give way to today’s much higher rates. In early 2021, 5