For households with fixed mortgage payments, the largest increase in payments should happen for those that renew in 2025 and 2026 https://www.bankofcanada.ca/?p=233304 Variable-rate mortgages with variable payments Variable-rate mortgages with fixed payments Fixed-rate mortgages with a term of less than 5 years Fixed-rate mortgages with a term of 5 years or more 41.915.513.511.1 49.226.120.512.4 24.523.114.1 39.124.519.5 43.926.622.4