Renewal mortgage rates
Renewal offers arrive early, but you do not have to accept the first offer. Compare rates and terms before signing.
Direct answer
What should you know about renewal mortgage rates?
A mortgage renewal rate is the pricing offered for the term after your current mortgage matures. You can accept your lender's offer, negotiate, or switch lenders. Start early enough to compare the total package; a switch may require qualification and documents, while a simple renewal with the existing lender is usually easier but not automatically cheaper.
- Start
- Roughly 120 to 90 days before maturity
- Compare
- Stay, switch, and refinance as separate decisions
- Check
- Transfer costs, qualification, features, and term strategy
Live rate snapshot
Top matches for this scenario
Showing the first 0 cards from 0 matching rates for Renewal · 5-year fixed · $999,999.
Need more filters?
Launch the full rate explorer
Load the full comparison workspace when you want to change occupancy, term, amortization, or compare more cards side-by-side.
Highlights
01
Side-by-side renewal pricing with term filters.
02
Use reminders to avoid missed renewal windows.
03
Save scenarios to negotiate with confidence.
Source file
Reviewed rate context
This page is maintained by Pragmatic Mortgage Lending for Canadian borrowers comparing rate categories, lender fit, and product trade-offs. Rate tables can change without notice, so final advice still depends on the live lender file and approval conditions.
Reviewed by the Pragmatic Mortgage Lending broker team. Updated July 16, 2026.
Save and compare rates
Create a free account to save this scenario, compare offers, and start a secure application.
Frequently asked questions
When should I start shopping renewal rates?
Ideally 4 to 6 months before maturity.
Do I need to re-qualify at renewal?
Not always, but switching lenders may require qualification.