Lez Gomez

The main question is whether Canada's so-called mortgage renewal cliff is making a comeback, reviving concerns for some homeowners facing possible rate pressure again.
An expert warned that, for some homeowners, a second rate run-up would be more painful than the earlier 2022–23 cycle in Canada.
The comparison point was the 2022–23 rate cycle, suggesting any renewed jump in borrowing costs could feel tougher for affected homeowners this time.
This topic centered on renewal risk, not a broad market forecast, with the pain described as concentrated among some homeowners rather than everyone.
The key watchpoint is whether rates run up again, because that second move was framed as the trigger for sharper renewal pain.