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Mortgages: How to Manage the Increase in Mortgage Payments?

Summary by La Presse
Households who opted for a five-year fixed-rate mortgage in 2021 – a time when it was historically low – will have to renew it this year and will see their payments increase by an average of 20%, according to the Bank of Canada. Can we defeat this prediction? Otherwise, what are its options?

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La PresseLa Presse
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Mortgages: How to Manage the Increase in Mortgage Payments?

Households who opted for a five-year fixed-rate mortgage in 2021 – a time when it was historically low – will have to renew it this year and will see their payments increase by an average of 20%, according to the Bank of Canada. Can we defeat this prediction? Otherwise, what are its options?

·Montreal, Canada
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La Presse broke the news in Montreal, Canada on Saturday, March 21, 2026.
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