Reviewed by Scott Dillingham · Licensed Mortgage Agent (Ontario, Level 2) · Updated May 21, 2026
Mortgage Renewal News
News, analysis, and commentary on the Canadian mortgage market — every item curated for relevance to homeowners coming up for renewal in 2026 and 2027.
Mortgage Discharge Fees Still Matter in July 2026 — Even With Legal-Paid Switches
TD and Scotia still charge ~$340 to discharge. Here's how switch promos, collateral charges, and Quebec notary fees change your net renewal math.
First Renewal Payment Shock: A 2020–2021 Borrower's Checklist
If you bought or renewed in 2020–2021, your 2025–2026 renewal may be your first payment increase. Five actions before you sign your bank's letter.
Bank of Canada Holds at 2.25% — What It Means for July 2026 Renewals
BoC held the overnight rate at 2.25% on June 10, 2026 (prime 4.45%). Next decision July 15. How a steady policy rate affects fixed vs variable renewal choices.
CMHC Spring 2026: One Million Households Still Renewing
CMHC's Spring 2026 RMIR projects roughly one million mortgage renewals in 2026 — down from the 2025 peak but still elevated. What it means for payment shock.
CMHC Spring 2026: Renewal Wave Peaked — 1M Households Still Ahead
CMHC's Spring 2026 RMIR finds renewal volumes peaked in 2025 (~1.2M) and are projected 13% lower in 2026 (~1M households). Delinquencies ticked up to 0.24% nationally; variable-rate share hit 42% of new extensions by February 2026.
Bank of Canada Holds Rate at 2.25% — Fourth Consecutive Hold
The BoC held its overnight rate at 2.25% for the fourth consecutive meeting, warning that decisions are clouded by uncertainty as oil-driven inflation rebounds. Prime rate remains 4.45%. Next decision is June 10, 2026.
Bank of Canada Holds Rate at 2.25% in March Decision
The BoC held its overnight rate at 2.25% for the third consecutive meeting, citing stable inflation at 1.9% and resilient Canadian labour market data. Prime rate remains at 4.45%. Here's what the hold means for anyone renewing in 2026.
OSFI Stress Test Exemption for Lender Switches: 18 Months In
November 2024 OSFI B-20 change removed the stress test for straight-switch renewals. What borrowers should know before switching lenders in 2026.
November 2024 Stress Test Change: What It Means 18 Months Later
OSFI's November 21, 2024 rule change eliminated the stress test for uninsured straight-switch renewals. 18 months in, we look at the actual switching behaviour, lender competition, and real borrower savings.
The December 2024 Mortgage Reforms: 30-Year Amortization Now Live
First-time buyers and new-build purchasers with insured mortgages can now amortize over 30 years — up from 25. One year later, the program has meaningfully expanded affordability. Here's how it applies at renewal.
Trigger Rate Anxiety Fades as Prime Drops to 4.45%
Two years ago, variable-rate borrowers were hitting trigger rates in droves. With prime now at 4.45% — down from its 7.20% peak — the trigger-rate crisis has largely resolved. But if you had one, it's time to check whether your amortization restored to schedule.
Canadian Mortgage Charter: What Changed Between 2023 and 2026
Introduced in Budget 2023, the Canadian Mortgage Charter codified lender obligations around at-risk borrowers. Three years on, we look at what it delivered, what banks did voluntarily, and what's still missing at renewal.
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