Canada’s Mortgage Renewal Crisis Is CRUSHING the Housing Market | 570 CityNews

Описание: In this episode of Ask the Expert on 570 CityNews, award-winning mortgage broker and Valko Financial founder Tracy Valko breaks down why 2026 is a turning point for Canadian homeowners.

With 1.5 million mortgages coming up for renewal, Canadians are being hit with a brutal reality: ultra-low pandemic rates of 1%–2% are resetting into a much higher interest-rate world. For many households, that means payment shock, tougher lender rules, and hard financial decisions.

Tracy explains why today’s market is far “pickier” than before, what this means for renewals and buyers, and why prepared homeowners—not panicked ones—will come out ahead. Plus, first-time buyers may finally be seeing a window of opportunity as values begin to stabilize in markets like Kitchener-Waterloo.

🧠 In this video, you’ll learn:

The Renewal Crisis: Why 2021 five-year fixed mortgages are facing a painful “whammy”
Market Reality Check: How detached home prices in KW have fallen more than $180,000 from the 2021 peak
Preparation vs. Panic: Why financial winners are planning ahead—not rushing to buy
The Stress Test Squeeze: Why qualifying with “A” lenders is harder than ever—and what alternatives exist
The Condo Reality: Why some pre-construction units are closing at up to 50% below purchase price

⚠️ Don’t let your renewal blindside you.

Watch until the end to hear Tracy’s expert strategy for right-sizing your home and debt ahead of the next growth cycle in 2027–2029

⏱️ Chapters:

00:00 - The Economic Reality Check No One Is Ready For
02:50 - First-Time Buyers Are Hitting a Wall
06:07 - The Mortgage Renewal Shock Has Already Started
08:53 - Interest Rates, Debt, and the Forces Driving Canada’s Economy
12:08 - How to Navigate Today’s Housing Market Without Overpaying
15:01 - Why Most Buyers Are Making Decisions Without the Full Picture
17:47 - The Costly Refinancing Mistakes Canadians Keep Making
21:02 - Market Shifts Every First-Time Buyer Needs to Understand
24:09 - How Attitudes Toward Homeownership Are Quietly Changing
27:03 - Why Professional Guidance Matters More Than Ever
29:56 - What’s Coming Next: Education, Community, and the Road Ahead

🔗 Connect with Valko Financial:

🌐 Website: ValkoFinancial.ca
📧 Email: [email protected]
📞 Phone: 519-745-8019

📅 Upcoming Events:

Mortgage Renewal Free Webinar: February 11th @ 6 - 7PM (https://www.eventbrite.ca/e/right-siz...)

Family Day Skate: February 16th @ Sportsworld (10AM - 12PM) https://www.eventbrite.ca/e/family-da...


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