Before you renew your mortgage… compare your options first.
Canadian banks bank on you signing the first offer. This free calculator shows you exactly what your bank's renewal is costing you compared to today's market — in seconds, with no login.
Slide, type, or tap any value below — your monthly payment and 5-year savings update instantly.
Poor — your bank is charging you a significant premium.
Free No Obligation Renewal Review
Not sure if your renewal is a good deal? Send your renewal letter to Jay Klair, a licensed FSRA mortgage agent, for a no-obligation review. Click below to request your review or call now.
Secure a better renewal in three steps.
Enter your renewal offer
Type in your balance and the rate your bank offered. Adjust the market rate to what's available today.
See your true savings
Instant monthly, annual, and full-term savings — calculated with proper Canadian semi-annual compounding.
Negotiate or switch
Use the Fairness Score to push back with your bank, or request a free review to explore switching lenders.
Everything you need to know before you renew.
Can I Negotiate My Mortgage Renewal in Canada?
Yes — and most Canadians who ask for a better rate get one. Here's exactly what to say, when to say it, and the data that gives you real leverage.
Should I Switch Lenders at Renewal?
Switching sounds like paperwork hell, but the process is largely automated at renewal and the savings often reach five figures. Here's how to decide.
The 120-Day Renewal Window Explained
Most lenders will hold a rate for you 120 days before your renewal date. Waiting for the letter costs Canadians thousands of dollars a year.
Fixed vs Variable at Renewal — The 2026 Outlook
With the Bank of Canada in an easing cycle and bond yields choppy, the fixed-versus-variable decision at renewal in 2026 is genuinely close. Here's the framework.
Renewal vs Refinance — What's the Difference?
Renewing extends your existing mortgage at a new rate. Refinancing rewrites the whole thing — new amount, new amortization, new lender if you want. Choose the right tool.
The OSFI Stress Test and Your Renewal
As of 2024, the stress test no longer applies when you renew with your current federally regulated lender. Switching lenders still requires it — but the rules changed in late 2024. Here's what it means for you.