How will mortgage payments change at renewal? An updated analysis Staff analytical note 2025-21 Claudia Godbout, Adam Su, Yang Xu We update an assessment of potential changes in payments that mortgage holders could face at renewal in 2025 and 2026. We use an enhanced dataset (RESL2) that provides a more accurate starting point for mortgage balances. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D1, D12, D14, G, G2, G21, G28, R, R2, R20 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit