Renewing your mortgage at a higher rate? Here’s what that could look like
Nearly half of all Canadian mortgages will be up for renewal in the next two years — many at higher rates than before. CBC’s Lyndsay Duncombe breaks down what that could look like for homeowners and gets expert advice about preparing for the financial hit.
![Renewing your mortgage at a higher rate? Here’s what that could look like](https://thumbnails.cbc.ca/maven_legacy/thumbnails/482/231/MPX_-_DUNCOMBE_MORTGAGE_RENEWAL.jpg)
![](https://thumbnails.cbc.ca/maven_legacy/thumbnails/482/231/MPX_-_DUNCOMBE_MORTGAGE_RENEWAL.jpg)
Nearly half of all Canadian mortgages will be up for renewal in the next two years — many at higher rates than before. CBC’s Lyndsay Duncombe breaks down what that could look like for homeowners and gets expert advice about preparing for the financial hit.