The rate on your renewal notice is rarely your bank's best offer. Before you sign, let me shop 40+ lenders — switching at renewal is often free, and it can save you thousands over your next term.
Today's Renewal Rates
Whether your mortgage was insured when it started. If you originally put less than 20% down (or ported an insured mortgage), you likely keep access to lower insured renewal rates. If you started with 20%+ down, you renew at conventional rates. Not sure which you are? We'll figure it out for you. .
Usually the case if you started with less than 20% down. Insured mortgages keep insured pricing at renewal — typically the sharpest rates available.
Usually the case if you started with 20% or more down, or have refinanced since. Priced as owner-occupied conventional.
Most people don't remember — it comes down to your down payment when you first bought and whether you've refinanced since. I can figure it out quickly and show you the exact renewal rate you qualify for. Start here →
Rates shown are for illustration only, are subject to change without notice, and are not an offer or approval of credit. O.A.C. Insured renewal pricing generally applies only where the original mortgage carried mortgage default insurance and it remains in place; refinancing or increasing the mortgage amount typically makes it conventional. Actual rates vary by lender, term, property and qualification.
Why it matters
Lenders count on it. The renewal letter lands, the rate looks fine, you sign it back, and you never find out what else was on the table. But your renewal is the one moment you can move your mortgage with the least friction — and lenders compete hardest for borrowers who shop.
A fraction of a percent doesn't sound like much, but on a typical Calgary mortgage it can add up to thousands of dollars over a five-year term. That's money worth a fifteen-minute call.
What a smart renewal looks like
I compare your renewal offer against 40+ lenders so you know whether it's actually good — and negotiate from there.
Many lenders cover the costs to move a straight switch at renewal. In a lot of cases you change lenders at no out-of-pocket cost.
Renewal is the perfect time to revisit your term, payment, prepayment options, or roll in a small refinance if it helps.
Start early and we lock a rate hold, so you're never forced to accept a so-so offer just because the clock ran out.
When to start
Reach out as your renewal approaches. We can often secure a rate hold months ahead and protect you if rates rise.
I put your renewal beside 40+ lenders' offers so you can see exactly what staying vs. switching looks like.
Stay and negotiate, or switch for free — either way you sign knowing you got the best available deal.
Start your application or send me your current rate and renewal date — I'll tell you whether you can do better.