Most Canadians sign their lender's first renewal offer — and overpay for it. Renewal is the one moment you can switch lenders without a penalty, and the months before your date are when the real savings happen.
This hub covers the whole cycle: what to do 6 months out, how to negotiate, how to calculate the shock if your rate is jumping, and what it costs to break early instead.
Scripts, timing, and the rate-hold strategy.
What the 2025–2026 renewal wave means for your payment.
Rates, options, and mistakes to avoid this cycle.
Renewal strategy when your income is about to change.
The 120-day checklist.
The real sequence of events, province by province.
Three months' interest vs. the interest rate differential.
How to choose when rates are moving.
See your exact payment increase before the letter arrives.
Compare your renewal offer against a new term.
What it costs to leave early — sometimes worth it.
Extending it at renewal can soften a payment shock.
Fixed, variable, and how Canada compounds differently.
Your rights at renewal, including the 21-day switch notice.
The federal regulator behind the stress test rules.
SimpleLoan is a free, independent information site. Nothing on this page is financial advice — confirm current rules with the official sources above before making a borrowing decision.