Five-year pandemic mortgages renew in 2026, but worst-case fears have faded significantly.
Economists say 2026 renewals will be “manageable,” with conditions improving further by mid-2027.
Brokers report most borrowers qualify easily, with minimal financial stress or debt consolidation.
Many variable borrowers already endured 5–5.5% rates, now locking closer to 3%.
Roughly 60% of broker activity in early 2026 involves renewals, with few distress cases.
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