Mortgage Renewal Rates in Canada
Renewing? Compare your offer against official benchmarks. Federally regulated lenders must send your renewal statement at least 21 days before the term ends.
These are official Bank of Canada figures, not offers from any lender.
1-year posted
5.49%
Nov 4, 2026 · Bank of Canada
3-year posted
6.05%
Nov 4, 2026 · Bank of Canada
5-year posted
6.19%
Nov 4, 2026 · Bank of Canada
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New monthly payment
$2,746.97
+$682.25 vs. today's rate
Interest over the new term
$108,029
+$60,403 vs. today's rate
Balance at the end of the term: $323,211 (vs. $303,743 at your current rate).
Estimate only, based on the published rules listed below. Lenders, insurers and tax authorities apply their own criteria.
Negotiating
Posted rates are a starting point. Average rates on new mortgages are often lower, and you can compare offers from other lenders before your term ends.
Sources
Rules are summarized in our own words from official publications. Check the source and talk to your lender or a licensed professional before making a decision.
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.