Mortgage Renewal

When getting a mortgage in Canada, there are two critical lengths of time to be aware of: your amortization period, and your mortgage term.

When you take out a mortgage, you’ll sign a contract with your lender that outlines the specific features of your mortgage, such as the interest rate you’ll pay, whether it’s open or closed, and any additional perks such as the ability to make accelerated payments, and porting your mortgage.

With interest rates higher than what many homeowners locked in back in 2020 or 2021, renewed monthly payments are coming as a shock. In fact, …

Mortgage renewal is a great time to secure a lower rate and save money. It can be tricky to renew a mortgage though. Here are 5 mortgage renewal tips.

The slump that has defined real estate sales thus far in 2025 is showing up in mortgage shopper data, according to a recent analysis by Ratehub.ca. According …

With 57% of Canadians expecting higher monthly payments on their mortgage renewals this year, borrowers are already facing an uphill battle. …