Issue #03 A lower mortgage balance can build wealth while your monthly budget still feels stretched. Start with money in, money out and the spending patterns that repeat.
Issue #02 You can have substantial home equity and still have very little financial flexibility. Before renewing, look beyond the rate and stress-test the household carrying the mortgage.
Issue #01 Will mortgage rates go down in Canada in 2027? The better question is whether your mortgage strategy still works if your prediction is wrong.