A current survey found Canadians divided between homeowners feeling renewal pressure and prospective buyers gaining cautious confidence as stress and optimism both stayed elevated nationwide.
Among homeowners expecting higher payments, 56% planned to cut household spending, 39% expected to use savings or invest less, and 67% felt uneasy.
Despite widespread renewal anxiety, just 9% planned to start talks earlier. Most sought stability: 64% preferred fixed rates, while 40% planned to shop around.
Fixed terms led renewal choices. Five-year terms drew 30%, while three-year terms drew 17%, showing many homeowners favored predictable payments over flexibility.
Prospective buyers showed growing confidence: 30% were more likely to enter Canada’s housing market before year-end, driven mainly by lower prices and stable rates.
Affordability still constrained buyers. Many used investment income, cut non-essential spending, saved monthly, expected <20% down, or considered alternative living ar
