Mortgage services provided by RTC MORTGAGE - KSMG KEYSTART MORTGAGE GROUP INC.  ·  Peter Leung, Mortgage Broker
Renewals · Refinances · Purchases · BC & Alberta

Renewing in 2026?
Don't just re-signre-shop.

Most homeowners accept the first renewal offer their bank mails them. With payments climbing this cycle, a few minutes here could be worth thousands over your next term.

The 2026 renewal squeeze, in brief

Why so many BC & Alberta homeowners are switching lenders this year.

~1.2M
Canadian mortgages renewing in 2025–26
~60%
Of those renewing face higher payments
~20%
Avg payment jump for 5-yr fixed renewing in 2026
40%+
Increase facing ~10% of variable fixed-payment holders
The Renewal Wave

The biggest mortgage reset in a generation is happening now

Roughly 60% of all outstanding Canadian mortgages — about 1.2 million loans — come up for renewal across 2025 and 2026. If your term is one of them, the renewal letter your lender sends is rarely their best offer.

60%
of all outstanding Canadian mortgages renew in 2025–26 (~1.2 million loans).
~10%
higher payments on average for 2025 renewals vs. December 2024 — about 6% higher for 2026 renewals.
~20%
average payment increase for 5-year fixed-rate borrowers renewing in 2026.
40%+
payment increase facing roughly 10% of variable-rate, fixed-payment holders.

Figures per Bank of Canada and CMHC analysis of the 2025–26 renewal cycle. Your situation may differ — use the calculators below with your own numbers.

Free Tools · No Login

See your numbers before you talk to anyone

These use your own inputs — we don't advertise a rate, we show you the math. Everything stays on this page until you choose to send it.

Stress test applied: you must qualify at the greater of your rate + 2% or 5.25%. Uses standard 39% GDS / 44% TDS guidelines and Canadian semi-annual compounding. Estimate only — not an approval or rate offer.

Estimated maximum home price
$0

Based on the qualifying (stress-test) rate

Max mortgage amount$0
Est. payment at your rate$0/mo
Qualifying rate used0%
Limited by

Compares the payment on your lender's renewal offer against a lower scenario rate you enter, over your remaining amortization. Term savings shown over 5 years. Illustrative only — actual available rates depend on your full application.

Potential savings over a 5-year term
$0

vs. accepting the renewal offer as-is

Payment at renewal offer$0/mo
Payment at shopped rate$0/mo
Monthly difference$0/mo
Per year$0

Rolls your high-interest debt into one new mortgage at the rate you enter, amortized over 30 years, and compares it to what you pay now (mortgage + debts). Refinances are uninsured, so 30-year amortization is available. Lowering the monthly payment by stretching debt over a longer term can increase the total interest paid over time — we run the full comparison with you. Illustrative only; subject to lender approval, your equity, and a complete application.

Estimated monthly cash flow freed up
$0

One payment instead of several, at a far lower rate

New mortgage balance$0
New single monthly payment$0/mo
You pay now (mortgage + debts)$0/mo
Monthly difference$0/mo

BC property transfer tax: 1% on the first $200K, 2% to $2M, 3% to $3M, plus 2% on any portion over $3M. First-time-buyer (homes ≤ $835K) and newly-built (≤ $1.1M) exemptions are applied where selected. Alberta has no transfer tax — only land-title registration fees ($50 + $5 per $5,000, for the title and for the mortgage). Rates as of 2026; estimate only, not legal or tax advice — your lawyer or notary confirms final figures at closing.

Estimated closing costs
$0

 

Property transfer tax$0
Legal & notary$0
Title insurance$0
Home inspection
Appraisal
Cash to close incl. down payment$0

2-Minute Pre-Qualification

Tell us your situation. We'll point you the right way.

No credit pull, no obligation. This just helps us match you to the right lender type before we talk.

What brings you in today?
Pick the closest fit.
🔄
My mortgage is renewing
Coming up for renewal or already got an offer
🏡
Buying my first home
First-time buyer in BC or Alberta
🔑
Buying my next home
Moving up, downsizing, or a second property
💧
Refinance or pull out equity
HELOC, debt consolidation, renovation, investment
How would you describe your income?
This decides which lenders fit you best.
📋
Salaried / T4 employee
Straightforward income documents
🧾
Self-employed / business owner
Bank-statement or stated-income programs
🛫
New to Canada
Limited Canadian credit history so far
📈
Commission or variable
Income changes month to month
How's your credit, roughly?
An honest guess is fine — there are options at every level.
🟢
Strong (likely 700+)
A-lender / best-tier programs
🟡
Fair (around 600–700)
A or alternative depending on the file
🟠
Bruised / rebuilding
Alternative / B-lending specialists
Honestly not sure
We'll help you figure it out
Where's the property?
We're licensed in both provinces.
🏔
British Columbia
Lower Mainland, Island, Interior & beyond
🌾
Alberta
Calgary, Edmonton & surrounding
🗺
Still deciding / both
Exploring options
Where should we send your matched options?
Step 1 of 5
What We Arrange

The files banks make hard, we make routine

As brokers we shop A-lenders, alternative lenders, and private/commercial sources — so your situation finds the lender built for it, not the other way around.

🔄

Renewals & refinances — the 2025–26 wave

Should you renew or switch lenders in 2026? With payments rising for most borrowers this cycle, accepting the mailed renewal offer is rarely optimal. We compare staying put, switching, and refinancing — including blend-and-extend and early-renewal math — so you renew on the best available terms, not the most convenient one.

Renew or switch 2026Mortgage renewal options BCEarly renewalSwitch lenders
Check my renewal options →
~1.2M
loans renewing 2025–26
~20%
avg jump, 5-yr fixed in 2026
~10%
higher payments, 2025 renewals
40%+
for some variable holders
🧾

Self-employed & business owners

Write off everything? Most banks penalize you for it. We work with bank-statement and stated-income programs that read your real cash flow, not just your Line 150.

Bank statementStated incomeSole prop / Inc.
See self-employed options →
🛫

New to Canada

Limited Canadian credit history doesn't have to mean waiting years. Newcomer programs recognize foreign credit, work permits, and recent landing — often with as little as 5% down.

Newcomer programsNew PR / work permitForeign credit
Explore newcomer mortgages →
🟠

Alternative & B-lending

Bruised credit, a past consumer proposal, or a file the bank just won't touch? Alternative and B-lenders look at the whole picture — a clear path back to A-lending included.

Bruised creditAlt-A / BCredit rebuild
Talk about B-lending →
🏗

Construction & new-build

Draw mortgages, builder financing, and progress-advance structures for custom homes and new builds across BC and Alberta — coordinated so funds land when each stage needs them.

Draw mortgageProgress advanceCustom build
Plan a construction file →
🏢

Commercial mortgages

Multi-residential, mixed-use, retail, industrial, and owner-occupied commercial. We structure debt around the asset and the business, with lenders who actually fund the deal.

Multi-residentialMixed-useOwner-occupied
Discuss a commercial deal →
💧

HELOC, refinance & equity takeout

Consolidate high-interest debt, fund a renovation, or free up equity for an investment. We compare refinances, HELOCs, and second mortgages on total cost — not just the rate. For urgent, equity-based situations, see private lending in BC.

HELOCDebt consolidationEquity takeout
Look at refinancing →
Free Downloads

Three guides worth keeping

Plain-language, BC & Alberta–specific, and free. Tell us where to send it and it's yours.

Self-EmployedThe Self-Employed
Buyer's Guide

How lenders really assess business income in BC & AB — and how to position your file for approval at the best tier.

  • Bank-statement vs. stated income
  • What documents to gather first
  • Add-backs that boost qualifying income
2026 EditionThe 2026
Renewal Playbook

Your step-by-step plan for the renewal wave: when to start, how to compare, and how to avoid overpaying for convenience.

  • Renew vs. switch decision tree
  • The 120-day shopping window
  • Questions that lower your payment
NewcomerThe Newcomer's
Mortgage Guide

Buying after landing in Canada: which programs accept foreign credit, down-payment rules, and the timeline that actually works.

  • PR vs. work-permit programs
  • Building Canadian credit fast
  • Down payment & gift rules
Overseas IncomeThe Overseas
Income Guide

Earn or hold income abroad? How Canadian lenders treat foreign employment, rental, and investment income — and how to document it for approval.

  • Which lenders accept foreign income
  • Currency conversion & haircuts
  • Documents that satisfy underwriters
Stated IncomeThe Stated
Income Guide

For business-for-self borrowers whose tax returns understate real earnings. How stated-income and bank-statement programs work, and who qualifies.

  • Stated vs. traditional income
  • How much income you can state
  • Rate & down-payment trade-offs
⚡ We typically reply within minutes during business hours
Let's Talk

One conversation. A clear plan. No pressure.

Whether you're renewing, buying, or freeing up equity, the first step is a quick chat about your numbers and goals.