Articles about refinance under Mortgage.
The Bank of Canada's recent caution to homeowners addresses refinancing risks, not routine renewals. Understanding this distinction protects you from unexpected costs and helps you navigate your mortgage term intelligently.
Understanding mortgage refinancing in Canada, the difference between refinancing and renewal, and when breaking your current mortgage term makes financial sense.
The OSFI stress test typically does not apply when you renew with your current lender, but it does if you switch to a new lender at renewal, which can limit your options if you cannot re-qualify.
Learn how to negotiate the best mortgage renewal rate during the 2026-2027 renewal surge with proven strategies to save thousands over your term.
Mortgage portability lets you transfer your existing mortgage and rate to a new property, avoiding prepayment penalties and protecting a favourable rate when you move.
Learn proven strategies to negotiate a better mortgage renewal rate in Canada, including when to start, how to compare offers, and what leverage you have with your lender.
Learn the real costs of switching lenders when your mortgage term ends in Canada, including discharge fees, legal costs, and appraisal expenses.
Compare the two prepayment penalty methods Canadian lenders use when you break a closed mortgage early and learn which costs more.
Learn how to choose between a 1-year and 5-year mortgage term renewal when interest rates are declining, and what Canadian borrowers should consider.
A practical guide to mortgage refinancing in Canada, including when to refinance, costs to expect, and how to decide if it's worth it.
Understand the factors that determine whether your mortgage payment will rise, fall, or stay the same when your term ends and you renew.
BMO has brought back stress-test qualification for some uninsured mortgage switches. Here is what Canadian borrowers should know before moving a mortgage at renewal.
Canada's stress test rules changed for some uninsured mortgage switches. Here is what the OSFI update means at renewal and what still does not qualify.
Many Canadian homeowners can switch mortgage providers at renewal without redoing the federal mortgage stress test. The key condition is that the move must be a straight switch, not a refinance.
Some Canadian homeowners can now switch mortgage providers at renewal without passing the federal mortgage stress test. The exemption is narrow, and it usually applies only to a straight switch with no larger loan or longer amortization.
Canadian homeowners can now switch certain mortgages at renewal without facing OSFI's stress test again. The change mainly helps borrowers who want to move lenders without increasing the loan amount or amortization.
Many Canadian homeowners can now shop for a new lender at renewal without requalifying under the mortgage stress test. The exception is narrow, so refinancing, borrowing more, or changing the loan structure may still trigger full underwriting.
OSFI no longer expects federally regulated lenders to apply the uninsured mortgage stress test to straight renewal switches. The change can make it easier for some Canadian homeowners to compare lenders at renewal.
Refinancing can make sense when the savings clearly beat penalties, fees, and renewed qualification rules. Use this Canadian mid-year review to compare your rate, term, amortization, and equity options before you apply.
Learn when and how to refinance your mortgage in Canada, including costs, qualification requirements, and strategies to save money on your home loan.
Learn the essential steps to prepare for your mortgage renewal, negotiate better rates, and avoid costly mistakes during the 2026-2027 renewal period.
Learn when refinancing your mortgage makes financial sense, how to calculate potential savings, and what costs to consider before making the switch.
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