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Mortgage Renewal

Renewing your mortgage is annoying at best, intimidating and expensive at worst. Get answers to your pressing renewal questions and tips for choosing the lender, rate and loan type that’s best for you.
Mortgage Renewal
Best Mortgage Renewal Rates
Mortgage Payment Calculator
Mortgage Lender Reviews

Mortgage renewal basics

Conversation, Person, Adult
How Mortgage Renewal Works in Canada
Clay JarvisClay Jarvis
Find out how to renew a mortgage and pick up a few tips for lowering costs and finding the best deal.
People, Person, Adult
Preparing for Mortgage Renewal Shock in 2025
Clay JarvisClay Jarvis
Take the sting out of your mortgage renewal by shopping around and understanding your options.
Variable Or Fixed For Mortgage Renewal? Not An Easy Call
Variable Or Fixed For Mortgage Renewal? Not An Easy Call
Clay JarvisClay Jarvis
Deciding between a variable or fixed mortgage rate at renewal requires balancing your present finances with your future needs.

Read more about the Bank of Canada's latest rate announcement.

The BoC makes policy interest rate announcements eight times a year. Here's what you need to know.

Renewing in your province

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Renewing Your Mortgage in Ontario
Clay JarvisClay Jarvis
If you're not paying off your mortgage at the end of its term, you'll have to renew. Here's how to do it.
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Mortgage Renewal in B.C.
Clay JarvisClay Jarvis
Ensure you’re getting the best possible rate and terms when you renew your mortgage in B.C.
Head, Person, Face
Switching Mortgages: Guide to Changing Your Loan or Lender
Kurt WoockKurt Woock
You can switch mortgages at any time, but there are things to watch out for, like prepayment fees.

Read our mortgage reviews

We’ve reviewed Big Banks, brokers, B Lenders and online-only lenders to help you finance your home purchase, refinance or renewal with confidence.

See what rates the Big 6 are offering

BMO Mortgage Rates
CIBC Mortgage Rates
National Bank Mortgage Rates
RBC Mortgage Rates
Scotiabank Mortgage Rates
TD Bank Mortgage Rates

Manage your mortgage with confidence