How Homeowners Can Navigate Their Mortgage Renewal Amid Higher Interest Rates
![How Homeowners Can Navigate Mortgage Renewals Amid Higher Interest Rates how homeowners can navigate mortgage renewals amid higher interest rates](https://www.mfactory.ca/wp-content/uploads/2024/08/how-homeowners-can-navigate-mortgage-renewals-amid-higher-interest-rates-1024x604.jpeg)
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 the Canada Mortgage and Housing Corporation (CMHC).