Mortgage Renewal 2026: Your Game Plan
2026 is a massive renewal year — over 50% of all mortgage inquiries right now are renewals, up from 40% last year. If that's you, here's the quick version.
Where rates stand: The Bank of Canada just held at 2.25% for the 7th straight time (Sept 2). But some economists now think the next move could be a hike, not a cut — National Bank sees 2.75% by 2027.
Today's rates: Fixed ~3.9%, Variable ~3.4%.
The good news: "Renewal shock" hasn't hit as hard as predicted — incomes have caught up, and lenders are more flexible with amortization extensions.
Your 3-step plan
Start shopping 90–120 days out. Lock a rate hold, keep your options open.
Compare fixed vs. variable for you — don't just default to whichever's cheaper today.
Ask about extending your amortization if the new payment feels tight. It's the biggest lever most people forget.
Not sure about your numbers? Contact us, we’re here to help.