Mortgage Blog
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First-time homebuyers face the biggest adjustment as mortgage renewals climb
February 18, 2026 | Posted by: Angela Robinson
Canada’s mortgage renewal wave is well underway — and for many first-time buyers, the adjustment is significant.
With over 1.5 million mortgages already renewed at higher rates, some homeowners are extending amortizations to manage payments. While arrears remain low overall, pressure is building in certain markets and among pandemic-era buyers facing their first renewal. The key isn’t panic — it’s planning early, reviewing your options, and understanding the long-term impact of your choices.
At Alberta Mortgage Professionals, we help you navigate renewal with clarity and a strategy built around your financial goals. Get in touch with us today!
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