The Mortgage Renewal Survival Guide
If your mortgage is up for renewal, or you’re juggling debt on a fixed income, it’s easy to feel overwhelmed. This free guide offers real-world advice to help you stay in control, protect your home, and move forward with confidence.
- Date:
- Author: Spergel
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Millions of Canadians are facing significantly higher mortgage payments
With nearly half of all mortgages in Canada renewing by the end of 2026, many homeowners are facing dramatically higher monthly payments. Our guide is here to help you understand your options and make a plan to protect what matters most—whether you’re working, semi-retired, or fully retired.
See What’s Inside
- Take our “Mortgage Stress Check” to see if your current financial situation is putting you at risk.
- Learn what your bank isn’t telling you about mortgage renewals and how to negotiate better terms.
- Understand the debt traps facing many Canadians, including the risks of HELOCs and reverse mortgages.
- Discover real options that work, including how a consumer proposal can reduce debt and protect your home.
- Read real stories from Canadians who found relief and a path forward with Spergel.
Empower yourself
Money Tips, Tools & Trackers, Research, Articles, Media and More!
Bankruptcy exemptions by province in 2026
Filing for bankruptcy in Canada does not mean you automatically lose everything you own. Bankruptcy exemptions protect certain assets you need for everyday life and work.
U.S. tariffs, jobs, and household debt in Canada: 2026 survey findings
Tariffs are often discussed in terms of trade and jobs. Spergel’s new 2026 survey brings the focus closer to home: respondents reported lower employment income, greater reliance on credit, and rising household debt amid U.S. trade disruption. Many are still making payments even as their finances become harder to manage.
Filing for bankruptcy with no assets in Canada – what happens?
Yes, you can file for personal bankruptcy in Canada even if you have no assets to sell. A Licensed Insolvency Trustee (LIT) will review your debts, income and property, explain what you can keep, and file the paperwork if bankruptcy is right for you.
Frequently Asked Questions (FAQs)
Eligibility and Debt What debts can be included in a consumer proposal? Most unsecured debts qualify, including credit cards, lines
The Emotional Toll of Debt
Spergel’s 3rd Annual Study explores the relationship between debt and mental health in Canada, including how financial stress affects Canadians’ wellbeing, relationships, and daily lives – and why many delay seeking help even when their debt has become overwhelming.
The Cost of Getting By in Canada: 2026 survey findings
For many people, getting by in Canada increasingly means using debt or savings to pay for ordinary life.
The rising cost of groceries in Canada: the impact on household finances in 2026
Grocery prices in Canada remain a major source of financial pressure for households in 2026.
Consumer proposal vs debt consolidation: which is better?
If you’re struggling to manage several debts, you may be comparing a consumer proposal vs debt consolidation. Both options can combine multiple debts into one monthly payment, but they work very differently.
407 ETR debt in Ontario: what happens if you can’t pay? (2026 guide)
Receiving a large 407 ETR bill can be stressful, especially if you’re already struggling with other debts. Whether you’ve missed a payment, recently discovered years of unpaid tolls, or simply can’t afford the balance, it’s important to know that you have options.
Received a CERB repayment notice? Here’s what to do if you can’t afford it
Although the Canada Emergency Response Benefit (CERB) ended in 2020, some Canadians are still being asked by the Canada Revenue Agency (CRA) to repay benefits after eligibility reviews.
How to remove collections from your credit report in Canada (2026)
Many Canadians experience financial difficulties at some point in their lives. Whether due to job loss, illness, divorce, rising living costs, or unexpected expenses, falling behind on bills can happen to anyone.
How to save money on groceries in Canada: 10 practical tips
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What To Say When Debt Collectors Call
Getting a call from a debt collector can feel overwhelming. This guide gives you the exact scripts, tips, and resources you need to stay calm, protect your rights, and take control.
How to leave a marriage with no money in Canada: a step-by-step guide to financial independence
Leaving a marriage is never easy, but it can feel especially overwhelming if you have little or no money of your own.
Surplus income limits in Canada – updated for 2026
Each year, the Office of the Superintendent of Bankruptcy (OSB) updates the surplus income limits for individuals filing for bankruptcy in Canada.
Is Spergel legit? What you need to know before choosing a debt help company
Yes, Spergel is a legitimate Licensed Insolvency Trustee firm in Canada, regulated by the federal government.
This means that Spergel is legally authorized to help Canadians reduce or eliminate debt.
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