595 – Mortgage Renewal Shock: What Homeowners Need to Know for 2026 | Ron Butler

595 – Mortgage Renewal Shock: What Homeowners Need to Know for 2026 | Ron Butler

Author: Doug Hoyes January 24, 2026 Duration: 35:04
Debt Free in 30
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Millions of Canadian mortgages taken out at ultra-low rates between 2020 and 2022 are now coming up for renewal – at much higher rates. That reality has led many to warn about a "mortgage renewal cliff" in 2026.

Doug Hoyes is joined by Ron Butler (Butler Mortgage, Angry Mortgage Podcast) to unpack what's behind the renewal headlines, why renewal is a cash-flow test (not a crystal ball) and how homeowners can think clearly about their options as low-rate mortgages reset.

A clear look at who may feel pressure at renewal, and how borrowers can think through their options before renewal letters arrive.


00:00 – What the "mortgage renewal cliff" actually means
03:10 – Which mortgages are renewing in 2026
06:00 – Why renewal math is very different from origination
09:30 – How bond yields flow through to mortgage rates
12:30 – Cash flow vs home equity at renewal
16:20 – Who is most at risk — and why
20:10 – House prices, equity, and renewal decisions
23:40 – Why even small delinquency increases matter
26:10 – How borrowers should think about renewal decisions
29:15 – Why renewal is a math test, not a market prediction

Butler Mortgage

Angry Mortgage Podcast on YouTube 

Scott Terrio on the Angry Mortgage Podcast

Ron Butler live stream on Debt Free in 30 

Mortgage Rate Charts

Butler Mortgage Rates  

Butler Mortgage Calculator  

Toronto Real Estate Price History

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Other sources: 

https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/ 

https://www.bankofcanada.ca/2025/01/staff-analytical-note-2025-1/ 

https://wowa.ca/infographics-finance-realestate-canada/mortgage-renewals-of-major-canadian-lenders 

https://www.canadianmortgagetrends.com/2025/10/canada-faces-400-mortgage-payment-spike-how-banks-are-preparing-for-the-renewal-storm/ 

https://economics.bmo.com/en/publications/detail/f9a87ba8-9962-4265-a2a9-e51303e269ca/ 

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310053001 
 


Disclaimer:
The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.

 


Doug Hoyes sits down each week with a different specialist to untangle the complicated feelings and hard numbers around owing money. The conversations in Debt Free in 30 move beyond simple scare tactics or dry theory, focusing instead on actionable strategies for managing debt, rebuilding savings, and making informed investing choices. You’ll hear from trustees, financial planners, and counselors who explain concepts in plain language, stripping away the industry jargon that often leaves people feeling overwhelmed. Whether it’s navigating a consumer proposal, understanding credit scores, or starting to invest with a tight budget, this podcast provides a clear-eyed look at the steps toward financial stability. Doug’s approach is grounded and pragmatic, reflecting his deep expertise in the field, making each episode feel like a direct consultation with a knowledgeable guide. Tuning in regularly offers a consistent source of demystified advice, turning what can be a stressful topic into a manageable process. It’s that blend of expert insight and relatable conversation that defines this particular personal finance podcast.
Author: Language: English Episodes: 100

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