Recent surveys have revealed that many Canadians are feeling the pressure as their mortgage renewal dates approach, fueled by the series of interest rate hikes implemented by the Bank of Canada since March 2022. As 74% of Canadian mortgage holders currently have fixed-rate mortgages, concerns about the impact of higher interest rates are on the rise. In this article, we will delve into the findings of a Royal LePage survey and explore how Canadians are contemplating various strategies to... [read more]