
How Homeowners Can Navigate Their Mortgage Renewal Amid Higher Interest Rates
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
Mortgage Renewal involves renegotiating the terms and interest rate of an existing mortgage loan with the current or new lender, typically at the end of the initial mortgage term.
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
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