Before you renew your mortgage… compare your options first.
Canadian banks bank on you signing the first offer. This free calculator shows you exactly what your bank's renewal is costing you compared to today's market — in seconds, with no login.
Slide, type, or tap any value below — your monthly payment and 5-year savings update instantly.
Very poor — this offer is well above what's available in the market today.
Free No Obligation Renewal Review
Not sure if your renewal is a good deal? Send your renewal letter to Jay Klair, a licensed FSRA mortgage agent, for a no-obligation review. Click below to request your review or call now.
Secure a better renewal in three steps.
Enter your renewal offer
Type in your balance and the rate your bank offered. Adjust the market rate to what's available today.
See your true savings
Instant monthly, annual, and full-term savings — calculated with proper Canadian semi-annual compounding.
Negotiate or switch
Use the Fairness Score to push back with your bank, or request a free review to explore switching lenders.
Everything you need to know before you renew.
RBC Mortgage Renewal Guide — Rates, Homeline & How to Negotiate (2026)
RBC sends renewal offers 21–30 days before maturity, and the first rate is almost never the retention rate. Here's how the RBC renewal machine actually works — including the Homeline collateral-charge trap.
TD Mortgage Renewal Guide — Collateral Charge, FlexLine & Real Costs (2026)
TD registers almost every mortgage as a collateral charge — which quietly makes switching lenders 3–4× more expensive than at RBC or Scotia. Here's how to handle a TD renewal in 2026.
Scotiabank Mortgage Renewal Guide — STEP, Ultimate Plan & Negotiation (2026)
Scotia's STEP is Canada's most heavily marketed readvanceable mortgage — and its collateral registration quietly locks many borrowers in at renewal. Here's the 2026 playbook.
CIBC Mortgage Renewal Guide — Home Power Plan, Rates & Real Negotiation (2026)
CIBC's renewal offers are among the most negotiable of the Big 6 — but only if you push. Here's how the CIBC retention desk actually prices your file, and what the Home Power Plan means for switching.
BMO Mortgage Renewal Guide — Readvanceable, Rate Discretion & 2026 Playbook
BMO's renewal desk has among the widest pricing discretion of the Big 6 — meaning a 30-second phone call can move the rate 30–60 bps. Here's how to make that call.
National Bank Mortgage Renewal Guide — All-In-One & Renewal Strategy (2026)
National Bank's All-In-One is a genuinely different product from RBC Homeline or Scotia STEP — and its renewal mechanics reflect that. Here's how to renew or switch cleanly.