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How will mortgage payments change at renewal? An updated analysis

Author

Listed:
  • Claudia Godbout
  • Yang Xu
  • Adam Su

Abstract

We update an assessment of potential changes in payments that mortgage holders could face at renewal in 2025 and 2026. We use an enhanced dataset (RESL2) that provides a more accurate starting point for mortgage balances.

Suggested Citation

  • Claudia Godbout & Yang Xu & Adam Su, 2025. "How will mortgage payments change at renewal? An updated analysis," Staff Analytical Notes 2025-21, Bank of Canada.
    • Handle: RePEc:bca:bocsan:25-21
    DOI: 10.34989/san-2025-21
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    More about this item

    Keywords

    Credit and credit aggregates; Financial institutions; Financial stability; Housing; Interest rates; Recent economic and financial developments;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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