📬 Canadian Mortgage Market Update — January 2026

Welcome to The Price of Borrowing!

The Canadian mortgage market continues to evolve. Staying informed can make a real difference whether you’re buying, renewing, or refinancing. Here’s a snapshot of January’s key trends, insights, and practical considerations.

📊 Interest Rates & Market Outlook

Policy Rate: 2.25% held steady in January
Inflation: Core inflation easing toward 2% target
Next Update: Bank of Canada announcement on January 28

What it means for you:
The current rate environment is stable, giving borrowers time to plan. Stay tuned for updates after the Bank of Canada’s announcement.

🏠 Mortgage Trends

January Highlight — Debt Consolidation
Many Canadians are starting the year by consolidating holiday debt. Options include:

• Paying down credit cards or personal loans

• Refinancing a mortgage to access equity

2026 Major Story — Mortgage Renewals
Homeowners who locked in historically low rates may face higher monthly payments as renewals come due.

Key Tip:

Don’t just sign your renewal offer — doing so could cost hundreds or thousands over time.

A mortgage broker can help you:

• Explore refinancing options

• Adjust amortization to increase monthly cash flow

• Evaluate multiple lenders to identify a mortgage product that best meets your needs and may help save you money

💡 Housing Market & Industry Sentiment

Regional Variation: Some markets steady, major urban centers face affordability pressures

Industry Confidence: Brokers report strong origination volumes and tech investments

🔍 Practical Tips for Homeowners & Buyers

Review Renewals: Know your current rate, payment, and options

Consult a Broker: Guidance helps whether you’re renewing, purchasing, or refinancing

Plan Debt Consolidation Carefully: Avoid unnecessary costs

Explore Refinancing: Financial changes may make this worthwhile

Plan for Affordability: Include taxes, insurance, and potential payment increases

📌 Bottom Line

January 2026 reinforced the importance of proactive mortgage planning. Debt consolidation after holiday spending was a key focus, and mortgage renewals will be the major story for 2026. Staying informed, planning ahead, and consulting a broker will help you make confident, strategic decisions — and we’ll provide updates as new information becomes available, including the Bank of Canada’s January 28 announcement.