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The Mortgage Blueprint:

Fed Rate Hike Pushes Canadian Rates Higher, Toronto Condo Buyers Shift to Townhouses, and Renewal Payment Shock Looms – Mortgage Minute September 18, 2026

The US Federal Reserve raised rates for the first time since 2023 and the pressure is already reaching Canadian mortgages, Toronto condo buyers are shifting from microunits to larger townhouses, and anyone renewing before year end faces a real gap between the average and worst-case payment increase – here’s what it means for your mortgage.

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