As we look ahead to 2026, many homeowners and buyers are wondering what the next chapter will bring for mortgages, interest rates, and the housing market overall. To help make sense of what’s coming, we invited Marion Logan, Mortgage Broker with Invis Pacific View Mortgages, to share her perspective. Marion works closely with clients across Vancouver Island and beyond, and in this guest post she breaks down what market experts are forecasting for 2026—without jargon or pressure. Her insights focus on what a more balanced market could mean for buyers, homeowners, and anyone facing an upcoming mortgage renewal.
What 2026 could bring for your mortgage
As we head into 2026, I’ve been getting a lot of questions about what’s coming next for homeowners and buyers. So, I wanted to share a quick note with you, no jargon, no pressure, just a helpful look at what market experts are saying and what it could mean for you.
The housing market in 2026: steady, not wild
The biggest word being used to describe 2026 is “balance.” Home prices are expected to rise slowly in many areas, not jump quickly like we saw in the past. Some markets will be busier than others, but overall, things should feel calmer and more predictable.
For buyers, this can mean less pressure to rush and more time to make good decisions. For homeowners, it means values are holding up, and long-term stability is still there.
One of the biggest things happening in 2026 is mortgage renewals. Many Canadians will be renewing mortgages that were set up years ago, when interest rates were much lower. That means some people may see higher payments when their term ends.
The good news? You have options and planning ahead can make a big difference. Even if your renewal is still months away, it’s smart to:
What about interest rates?
Rates are always top of mind and in 2026, most experts expect them to be fairly steady, not jumping up or down dramatically. That means fixed rates may stay higher than what we saw years ago, and variable rates will still be a good fit for some borrowers. There’s no one-size-fits-all answer. What matters most is choosing a plan that fits your comfort level and goals.
Here are a few easy things you can do this year:
Know when your mortgage renews
Ask questions early even if you’re “just thinking”
Review your budget and future plans
Reach out if you want a second opinion
In a more balanced market, working with a mortgage broker and having the right advice matters even more. I will help you compare options across multiple lenders, help you understand the numbers in plain language, and look at solutions beyond just a standard mortgage when needed.
My goal is to help you feel confident and prepared, not rushed, or confused. 2026 doesn’t look scary, it just looks different. With the right plan and the right support, there are great opportunities ahead.
If you ever want to talk through your situation or see what options might work for you, I’m always happy to help.
Mortgage Broker, Serving Comox, Courtenay, Cumberland, surrounding areas, and all Vancouver Island and across Canada.
