Verified Professionals
Mortgage Renewal
A mortgage renewal lets Canadian homeowners renew or change their mortgage at the end of a term. Compare mortgage renewal options across Canada to find terms that fit your needs.
Free & secure
Instant match
Need help with mortgage renewal?
Compare licensed professionals who can help you review rates, terms, and lender options before your renewal date.
Compare renewal options
Avoid costly rollovers
Access better loan terms
Get clear expert advice
How it works
A simple process to review mortgage renewal options and understand your choices before your term ends.
What’s your renewal situation?
Tell us about your current mortgage, renewal date, and what you’re looking for next. This helps us understand the type of mortgage renewal support you need.
01
Get customised options
We’ll connect you with licensed mortgage professionals who can share renewal options based on your situation. Review rates, terms, and features at your own pace.
02
Choose your professional
Compare experience, ask questions, and select the mortgage professional who best fits your renewal goals and timeline.
03
Popular Cities
Browse hyper-local insights and trusted providers in your neighbourhood.
Toronto
Browse pros
Ottawa
Browse pros
Mississauga
Browse pros
Brampton
Browse pros
Hamilton
Browse pros
London
Browse pros
Markham
Browse pros
Vaughan
Browse pros
Kitchener
Browse pros
Windsor
Browse pros
Burlington
Browse pros
Oshawa
Browse pros
Barrie
Browse pros
Guelph
Browse pros
Kingston
Browse pros
Milton
Browse pros
Oakville
Browse pros
Richmond-hill
Browse pros
St-catharines
Browse pros
Cambridge
Browse pros
Whitby
Browse pros
Ajax
Browse pros
Vancouver
Browse pros
Surrey
Browse pros
Burnaby
Browse pros
Richmond
Browse pros
Victoria
Browse pros
Kelowna
Browse pros
Abbotsford
Browse pros
Coquitlam
Browse pros
Calgary
Browse pros
Edmonton
Browse pros
Red-deer
Browse pros
Lethbridge
Browse pros
Montreal
Browse pros
Quebec-city
Browse pros
Laval
Browse pros
Gatineau
Browse pros
Longueuil
Browse pros
Sherbrooke
Browse pros
Saguenay
Browse pros
Trois-rivieres
Browse pros
Winnipeg
Browse pros
Saskatoon
Browse pros
Regina
Browse pros
Halifax
Browse pros
Moncton
Browse pros
Saint-john
Browse pros
Fredericton
Browse pros
St-johns
Browse pros
Charlottetown
Browse pros
Popular Regions
Browse by province to find trusted providers near you.
Alberta
Browse pros
British Columbia
Browse pros
Manitoba
Browse pros
New Brunswick
Browse pros
Newfoundland and Labrador
Browse pros
Nova Scotia
Browse pros
Ontario
Browse pros
Prince Edward Island
Browse pros
Quebec
Browse pros
Saskatchewan
Browse pros
Northwest Territories
Browse pros
Nunavut
Browse pros
Yukon
Browse pros
Understanding renewals
What to expect
A mortgage renewal happens when your current mortgage term ends and you must choose new terms with your existing lender or switch to a different one. Many homeowners are offered a renewal automatically, but accepting it without review may limit your options or flexibility.
Renewal time is a chance to review your interest rate, term length, payment structure, and features such as prepayment options. Comparing offers can help you understand what is available in the current market and whether another lender may better fit your goals.
Mortgage renewal does not always require a full reapplication, but switching lenders may involve qualification checks, legal fees, or appraisal costs. A mortgage professional can explain these factors clearly and help you weigh convenience against potential long-term costs.
Pro Tip
Start reviewing your renewal options at least four months before your term ends.
More than one option
Many homeowners believe renewal means staying with the same lender, but this is not required. At renewal, you can often renegotiate terms or move your mortgage to another lender offering different rates or features. Options may include changing from a fixed to variable rate, adjusting the term length, or adding flexibility such as prepayment privileges. Reviewing multiple offers helps you understand trade-offs between rate, stability, and long-term cost. A professional comparison can clarify which option aligns best with your financial plans and comfort level.
Timing matters
Lenders often send renewal offers close to the end of your term, which can limit your time to review alternatives. Starting early gives you room to compare rates, ask questions, and prepare paperwork if switching lenders. Early planning can also reduce stress and help avoid automatic renewals that may not reflect current market conditions. Understanding timelines and potential fees ensures you make an informed decision before your renewal deadline.
How Mortgage Renewals Work in Canada: What Homeowners Need to Know
Learn how mortgage renewals work in Canada and what homeowners should expect.
Livin2
Jan 9, 2026
Professional spotlight
Licensed Advisor
Maple Ridge Mortgage Group
Maple Ridge Mortgage Group helps homeowners review renewal options with a clear, practical approach focused on long-term planning.
The team works with multiple lenders across Canada, helping clients compare renewal terms, understand costs, and avoid rushed decisions at renewal time.
Their advisors focus on education first, explaining how rates, terms, and features affect payments so homeowners can choose confidently.
When should I start my renewal process?
Most homeowners can begin reviewing renewal options about 120 days before their mortgage term ends. Starting early gives you time to compare lenders, review terms, and understand any fees if switching.
Do I need to requalify to renew?
If you stay with your current lender, requalification is often not required. Switching lenders may involve income and credit checks, which a professional can help you prepare for.
Is switching lenders at renewal complicated?
Typical renewal costs
Last updated: 1/8/2026
Region
Great Value
Average
Premium
Canada
4
6
7
Costs vary based on lender, mortgage size, and whether you switch providers.
Reviews
4.8
based on 18400 reviews
Clear advice96%
Easy process97%
Would recommend95%
"The advisor explained my renewal options clearly and helped me compare terms without pressure. I felt informed before making a decision. "
Robert Z.12 Dec 2025
"I almost signed my bank’s offer but decided to compare first. The process was simple and gave me better clarity. "
Sophie L.03 Nov 2025
Related Services
Explore other mortgage and home financing services available to you.
Service Guide
Learn how mortgage renewals work and what to consider.
Common Mortgage Renewal Mistakes That Cost Homeowners Thousands
Learn about common mortgage renewal mistakes and how homeowners can avoid costly outcomes.
Read guide
How to Negotiate a Better Mortgage Renewal Rate
Learn how homeowners can negotiate a better mortgage renewal rate in Canada.
Read guide
What Happens If You Don’t Renew Your Mortgage on Time?
Learn what happens if you don’t renew your mortgage on time and how to avoid problems.
Read guide
Mortgage Renewal vs Refinance: What’s the Difference?
Learn the difference between mortgage renewal and refinancing and when each applies.
Read guide
When Should You Start Shopping Your Mortgage Renewal?
Learn when to start shopping your mortgage renewal and why timing matters.
Read guideHow Mortgage Renewals Work in Canada: What Homeowners Need to Know
Learn how mortgage renewals work in Canada and what homeowners should expect.
Read guide
Pricing Guides
Understand costs, fees, and what can affect renewal pricing.
Early Renewal vs Waiting: Cost Comparison & Timing Strategy
Learn how early mortgage renewal compares to waiting and how timing affects cost.
Read guide
Is Switching Lenders at Renewal Worth the Cost?
Learn when switching lenders at mortgage renewal makes sense and what costs to consider.
Read guide
Fixed vs Variable at Renewal: Which Option Costs Less?
Learn how fixed and variable mortgage options compare at renewal and how costs differ.
Read guide
Mortgage Renewal Payment Examples at Different Interest Rates
Learn how mortgage renewal payments change at different interest rates.
Read guide
How Much Does a Mortgage Renewal Really Cost? Fees & Rate Impact Explained
Learn what mortgage renewal really costs, including fees and the impact of rate changes.
Read guide
Mortgage Renewal Rates in Canada: What to Expect This Year
Learn what mortgage renewal rates look like in Canada and how they affect homeowners.
Read guide
Explore renewal options
Compare mortgage renewal professionals and review your options before your term ends.
Q&A
Common questions about mortgage renewals
"answer": "If you do not respond to your lender’s renewal offer, your mortgage may automatically renew into a standard term. This option may not reflect current market rates or your financial goals."