As we move through 2025, Canada’s mortgage market is entering a high-stakes phase. With evolving interest rates, changing borrower behaviours, and a wave of mortgage renewals on the horizon, homeowners will face complex fi nancial decisions—and they’ll need expert guidance more than ever.
The Residential Mortgage Industry Report from Canada Mortgage and Housing Corporation (CMHC) outlines a mortgage landscape where expertise is increasingly vital.
For those considering a new career—or looking to elevate their current one—there has never been a better time to become a licensed mortgage agent or broker.
A Surge of Mortgage Renewals is Coming
According to Statistics Canada, residential mortgage debt rose by 3.46% year over year as of August 2024, reaching over $2.2 trillion. While growth has slowed due to high borrowing costs and rising home prices, the demand for mortgages remains strong—and that demand will create signifi cant opportunities for skilled mortgage professionals.
In 2025 alone, approximately 1.2 million mortgages, representing over $300 billion in mortgage debt, will come up for renewal. By the end of 2026, nearly every mortgage in Canada will have been renewed.
Many of these mortgages were initially secured when interest rates were historically low—around or below 2%. With today’s rates sitting at anywhere from 4%–5%, many homeowners will face renewal rates that could increase their monthly payments by30–40%, according to CMHC estimates. This is expected to add nearly $15 billion annually in additional housing costs across Canada, placing pressure on household budgets and potentially increasing mortgage delinquency rates.
Homeowners Need Expert Guidance—Are You Ready to Help?
With millions of Canadians soon facing higher payments and tighter budgets, the need for trusted, knowledgeable mortgage brokers is about to surge. Homeowners will be seeking guidance to navigate renewals, refi nance their homes, and secure the best possible terms in a much more challenging environment.
This is your opportunity to step in and build a rewarding career.
At REMIC Financial Services Education, we specialize in preparing future brokers and agents to succeed in the industry. Whether you are looking to start your career with our Mortgage Agent Level 1 course or upgrade your current license with our Mortgage Agent Level 2 program, now is the time to act.
- Become a Level 1 Mortgage Agent: Get licensed quickly and start building a future-proof career.
- Upgrade to Level 2: Access more lenders, including private lenders and high-ratio mortgage providers.
Despite Economic Uncertainty, the Mortgage Industry Remains Bright
While some sectors face headwinds from trade wars and economic shifts, the Canadian mortgage industry remains resilient. Renewal cycles, demographic trends, and the constant need for housing ensure that qualifi ed mortgage agents will continue to be in high demand.
Don’t wait for opportunity to pass you by. The future of Canadian homeowners will be shaped by the brokers they trust—and with the right training and licensing from REMIC, that trusted professional could be you.
Get licensed. Get ahead. Start your journey with REMIC today.
— Joe White, CEO, REMIC
