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.
Why so many BC & Alberta homeowners are switching lenders this year.
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.
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.
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.
Based on the qualifying (stress-test) rate
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.
vs. accepting the renewal offer as-is
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.
One payment instead of several, at a far lower rate
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.
No credit pull, no obligation. This just helps us match you to the right lender type before we talk.
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.
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.
Check my renewal options →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.
See self-employed options →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.
Explore newcomer mortgages →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.
Talk about B-lending →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.
Plan a construction file →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.
Discuss a commercial deal →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.
Look at refinancing →Plain-language, BC & Alberta–specific, and free. Tell us where to send it and it's yours.
How lenders really assess business income in BC & AB — and how to position your file for approval at the best tier.
Your step-by-step plan for the renewal wave: when to start, how to compare, and how to avoid overpaying for convenience.
Buying after landing in Canada: which programs accept foreign credit, down-payment rules, and the timeline that actually works.
Earn or hold income abroad? How Canadian lenders treat foreign employment, rental, and investment income — and how to document it for approval.
For business-for-self borrowers whose tax returns understate real earnings. How stated-income and bank-statement programs work, and who qualifies.
Whether you're renewing, buying, or freeing up equity, the first step is a quick chat about your numbers and goals.
A real broker reviews every request — no call centre, no shared leads.