February 2025

More than half of Canadians renewing a mortgage this year expect their monthly payment to increase: Royal LePage® Survey

Posted on Feb 20, 2025

1 in 10 are considering downsizing, relocating to a more affordable region or renting out a portion of their home to combat higher borrowing costsHighlights:
  • 57% of Canadians whose mortgage is renewing in 2025 anticipate their monthly payment will increase, while 40% expect their payment will stay the same or decrease.
  • Among those who expect their mo...

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