{"id":1008,"date":"2026-11-12T09:37:03","date_gmt":"2026-11-12T09:37:03","guid":{"rendered":"https:\/\/www.donemortgage.ca\/blogs\/?p=1008"},"modified":"2026-11-12T10:29:13","modified_gmt":"2026-11-12T10:29:13","slug":"mortgage-renewal-ontario","status":"publish","type":"post","link":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/","title":{"rendered":"Mortgage Renewal in Ontario: When to Start, and When to Switch Lenders ?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Most people treat their renewal letter like a utility bill. It arrives, they sign it, and they<br>move on.<br><br>They\u2019re not alone. Research by the Financial Consumer Agency of Canada found that 13%<br>of mortgage holders didn\u2019t know they could negotiate at renewal, and 37% chose their<br>lender mainly because they already banked there (BNN Bloomberg, citing FCAC).<br><br>That signature can be one of the most expensive decisions of the next five years. A<br>mortgage renewal in Ontario is the one moment you can change lenders, rate type and<br>payment schedule without paying a penalty. This guide explains the mortgage renewal<br>process in Ontario, when to start, and how to decide whether to stay or switch.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">When should you start your mortgage renewal?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Start four to six months before your maturity date. Here\u2019s why that window matters:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Many lenders let you renew early without a penalty in the last few months of your<br>term. Ask yours for its exact window.<\/li>\n\n\n\n<li>A new lender can usually hold a rate for a few months while you decide. If rates<br>drop before you close, you may get the lower one.<\/li>\n\n\n\n<li>If your mortgage is with a federally regulated lender, like a bank, it only has to send<br>your renewal statement 21 days before the term ends (BNN Bloomberg, citing<br>FCAC). Three weeks is not enough time to shop properly.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">A simple timeline<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>6 months out: find your maturity date, balance and remaining amortization on your<br>latest statement.<\/li>\n\n\n\n<li>4 months out: get competing quotes and a rate hold.<\/li>\n\n\n\n<li>3 months out: ask your current lender to match or beat the best offer, in writing.<\/li>\n\n\n\n<li>6\u20138 weeks out: decide and sign. Switching lenders takes paperwork, so leave room.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Can you do an early mortgage renewal in Ontario ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, but there\u2019s a difference. Renewing in the last few months is usually free. Renewing a<br>year or two early is technically \u201cbreaking\u201d your mortgage, and it often comes with a<br>penalty. That can still make sense if rates have dropped sharply, but get the penalty in<br>writing first and run the numbers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why the first renewal offer is rarely the best one ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Lenders know most customers don\u2019t shop, as the FCAC figures above show. Renewal offers<br>are often a bit higher than what the same lender gives new clients.<br><br>A small gap adds up. By our calculation, on a $450,000 balance, a rate that\u2019s 0.5% lower<br>saves roughly $10,000 in interest over a five-year term. That\u2019s for one phone call and<br>some paperwork.<br>Many Brampton homeowners are renewing now from the very low rates of 2020 and 2021.<br><br>For them, the payment jump can be large. Shopping the renewal doesn\u2019t erase it, but it can<br>soften it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Should I switch lenders at renewal in Ontario ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">It depends on three things.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The total cost, not just the rate. Switching can involve a discharge fee, legal fees and an<br>appraisal. Many lenders cover some or all of these to win your business. Ask for a full<br>breakdown.<br><\/li>\n\n\n\n<li>Whether you still qualify. This is where the rules changed in your favour. Since<br>November 21, 2024, if you switch an uninsured mortgage to another federally regulated<br>lender without increasing your loan or your amortization, the lender no longer has to<br>apply the stress test (OSFI). Insured mortgages already had this exemption (Department<br>of Finance Canada). The new lender will still review your application, but switching is<br>much easier than it used to be.<br><\/li>\n\n\n\n<li>The fine print. Compare prepayment privileges, penalty calculations and whether the<br>mortgage is portable if you move. A slightly higher rate with fair penalties can be the better<br>deal if you might sell in the next few years.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">When staying usually makes sense ?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Your lender matches the best offer you found.<\/li>\n\n\n\n<li>You want to add a HELOC or borrow more, which reopens full qualification<br>anywhere.<\/li>\n\n\n\n<li>Your income has dropped or become harder to prove (common for newly self-<br>employed borrowers and owner-operators).?<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">When switching usually makes sense ?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The rate gap is meaningful after fees. We typically look for 0.25% or more.<\/li>\n\n\n\n<li>You want better prepayment options or a portable mortgage.<\/li>\n\n\n\n<li>Your current lender refuses to negotiate.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Your mortgage renewal options in Ontario<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Renewal is a chance to rethink the whole mortgage, not just the rate:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fixed or variable. Fixed gives you a set payment for the term. Variable moves with<br>the lender\u2019s prime rate. Neither is always better.<br><\/li>\n\n\n\n<li>Term length. Shorter terms (2\u20133 years) give you a sooner chance to renegotiate.<br>Five years gives you longer certainty.<br><\/li>\n\n\n\n<li>Payment frequency. Accelerated bi-weekly payments mean 26 half-payments a<br>year, which works out to one extra monthly payment a year and shortens your<br>amortization.<br><\/li>\n\n\n\n<li>Lump sum. If you\u2019ve saved some cash, renewal is the one time you can pay down<br>any amount with no penalty.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Renewing your mortgage with bad credit in Ontario<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If your credit has taken a hit since you got your mortgage, staying with your current<br>lender is often the easier path. A straight renewal with the same lender usually doesn\u2019t<br>involve full requalification.<br><br>Switching is harder, because the new lender will review your application, including your<br>credit. If your current lender won\u2019t renew you at all, it must tell you at least 21 days before<br>the term ends if it is federally regulated (BNN Bloomberg, citing FCAC). In that case, an<br>alternative lender may be an option for one term while you rebuild. Our guide to bad credit<br>mortgages in Brampton explains how that works.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What documents to prepare ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you renew with your current lender, you may need little more than a signature. If you<br>switch, expect to provide:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Your current mortgage statement and renewal offer<\/li>\n\n\n\n<li>Photo ID<\/li>\n\n\n\n<li>A job letter and recent pay stubs, or two years of tax returns if self-employed<\/li>\n\n\n\n<li>Your latest property tax bill<\/li>\n\n\n\n<li>Home insurance details<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How a mortgage renewal broker in Brampton helps ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A broker gets you competing offers from several lenders at once, usually at no cost to you<br>on a standard renewal because the lender pays the broker. We also do the comparison you<br>don\u2019t have time for: penalties, fees and fine print, side by side.<br><br>If your mortgage matures in the next six months, [book a free renewal review] with<br>[Agent name] at [phone number]. Bring your renewal letter, and we\u2019ll tell you in 15<br>minutes whether it\u2019s worth shopping.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently asked questions ?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How early can I renew my mortgage in Ontario?<br><\/strong>Many lenders allow a penalty-free renewal in the last few months of your term. Ask your<br>lender for its exact window. Renewing much earlier usually means paying a penalty.<br><br><strong>Do I have to pass the stress test to switch lenders at renewal?<br><\/strong>Not for a straight switch to a federally regulated lender, as long as you keep the same loan<br>amount and amortization (OSFI). If you borrow more, the stress test applies.<br><br><strong>What happens if I don\u2019t sign my renewal?<br><\/strong>Your lender may automatically renew you, often into a short term at a rate that isn\u2019t<br>competitive. Don\u2019t let the date pass without a decision.<br><br><strong>Does it cost money to switch lenders at renewal?<br><\/strong>There can be discharge, legal and appraisal fees. Many lenders cover some of these for<br>switch clients, so ask before you decide.<br><br><strong>Where can I check current mortgage renewal rates in Ontario?<br><\/strong>Rates change weekly. See our [current rates page] or call us for today\u2019s numbers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sources<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.osfi-bsif.gc.ca\/en\/news\/backgrounder-minimum-qualifying-rate-mqr\">Backgrounder: Minimum Qualifying Rate (MQR)<\/a>, Office of the Superintendent of<br>Financial Institutions, November 21, 2024<\/li>\n\n\n\n<li><a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2024\/09\/government-announces-boldest-mortgage-reforms-in-decades-to-unlock-homeownership-for-more-canadians.html\">Government announces boldest mortgage reforms in decades<\/a>, Department of<br>Finance Canada, September 16, 2024<\/li>\n\n\n\n<li><a href=\"https:\/\/www.bnnbloomberg.ca\/business\/real-estate\/2026\/07\/27\/christopher-liew-mortgage-renewal-deadlines-and-traps-to-know-before-you-sign\/\">Mortgage renewal deadlines and traps to know before you sign<\/a>, BNN Bloomberg,<br>July 27, 2026 (cites Financial Consumer Agency of Canada rules and research)<br><br><br>The $10,000 savings example is a Done Mortgage calculation. Sources checked October 27, 2026<\/li>\n<\/ul>\n\n\n\n<ol start=\"2026\" class=\"wp-block-list\">\n<li><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This article is general information, not financial advice. Lender policies, rates and fees vary.<br>Speak with a licensed mortgage agent about your situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most people treat their renewal letter like a utility bill. It arrives, they sign it, and theymove on. They\u2019re not alone. Research by the Financial Consumer Agency of Canada found that 13%of mortgage holders didn\u2019t know they could negotiate at renewal, and 37% chose theirlender mainly because they already banked there (BNN Bloomberg, citing FCAC). [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mortgage Renewal Ontario: When to Start &amp; Should You Switch?<\/title>\n<meta name=\"description\" content=\"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Renewal Ontario: When to Start &amp; Should You Switch?\" \/>\n<meta property=\"og:description\" content=\"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-12T09:37:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-12T10:29:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1672\" \/>\n\t<meta property=\"og:image:height\" content=\"941\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sachin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sachin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/\"},\"author\":{\"name\":\"sachin\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#\\\/schema\\\/person\\\/aba5a4a73aaaf0a3e8966b4d7acb7f3b\"},\"headline\":\"Mortgage Renewal in Ontario: When to Start, and When to Switch Lenders ?\",\"datePublished\":\"2026-11-12T09:37:03+00:00\",\"dateModified\":\"2026-11-12T10:29:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/\"},\"wordCount\":1272,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/\",\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/\",\"name\":\"Mortgage Renewal Ontario: When to Start &amp; Should You Switch?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png\",\"datePublished\":\"2026-11-12T09:37:03+00:00\",\"dateModified\":\"2026-11-12T10:29:13+00:00\",\"description\":\"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png\",\"contentUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png\",\"width\":1672,\"height\":941},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-ontario\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage Renewal in Ontario: When to Start, and When to Switch Lenders ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#website\",\"url\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/\",\"name\":\"Done Mortgage Blogs\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#organization\",\"name\":\"Done Mortgage Blogs\",\"url\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/cropped-WhatsApp-Image-2024-10-04-at-8.58.30-PM.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/cropped-WhatsApp-Image-2024-10-04-at-8.58.30-PM.jpeg\",\"width\":1026,\"height\":748,\"caption\":\"Done Mortgage Blogs\"},\"image\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#\\\/schema\\\/person\\\/aba5a4a73aaaf0a3e8966b4d7acb7f3b\",\"name\":\"sachin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g\",\"caption\":\"sachin\"},\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/author\\\/sachin_seo\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mortgage Renewal Ontario: When to Start &amp; Should You Switch?","description":"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/","og_locale":"en_US","og_type":"article","og_title":"Mortgage Renewal Ontario: When to Start &amp; Should You Switch?","og_description":"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.","og_url":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/","og_site_name":"Blogs","article_published_time":"2026-11-12T09:37:03+00:00","article_modified_time":"2026-11-12T10:29:13+00:00","og_image":[{"width":1672,"height":941,"url":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png","type":"image\/png"}],"author":"sachin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"sachin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#article","isPartOf":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/"},"author":{"name":"sachin","@id":"https:\/\/donemortgage.ca\/blogs\/#\/schema\/person\/aba5a4a73aaaf0a3e8966b4d7acb7f3b"},"headline":"Mortgage Renewal in Ontario: When to Start, and When to Switch Lenders ?","datePublished":"2026-11-12T09:37:03+00:00","dateModified":"2026-11-12T10:29:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/"},"wordCount":1272,"commentCount":0,"publisher":{"@id":"https:\/\/donemortgage.ca\/blogs\/#organization"},"image":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#primaryimage"},"thumbnailUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/","url":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/","name":"Mortgage Renewal Ontario: When to Start &amp; Should You Switch?","isPartOf":{"@id":"https:\/\/donemortgage.ca\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#primaryimage"},"image":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#primaryimage"},"thumbnailUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png","datePublished":"2026-11-12T09:37:03+00:00","dateModified":"2026-11-12T10:29:13+00:00","description":"Renewing your mortgage in Ontario? Learn when to start, how to negotiatea better rate, and when switching lenders at renewal saves you money.","breadcrumb":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#primaryimage","url":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png","contentUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png","width":1672,"height":941},{"@type":"BreadcrumbList","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-ontario\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/donemortgage.ca\/blogs\/"},{"@type":"ListItem","position":2,"name":"Mortgage Renewal in Ontario: When to Start, and When to Switch Lenders ?"}]},{"@type":"WebSite","@id":"https:\/\/donemortgage.ca\/blogs\/#website","url":"https:\/\/donemortgage.ca\/blogs\/","name":"Done Mortgage Blogs","description":"","publisher":{"@id":"https:\/\/donemortgage.ca\/blogs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/donemortgage.ca\/blogs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/donemortgage.ca\/blogs\/#organization","name":"Done Mortgage Blogs","url":"https:\/\/donemortgage.ca\/blogs\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/donemortgage.ca\/blogs\/#\/schema\/logo\/image\/","url":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2025\/09\/cropped-WhatsApp-Image-2024-10-04-at-8.58.30-PM.jpeg","contentUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2025\/09\/cropped-WhatsApp-Image-2024-10-04-at-8.58.30-PM.jpeg","width":1026,"height":748,"caption":"Done Mortgage Blogs"},"image":{"@id":"https:\/\/donemortgage.ca\/blogs\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/donemortgage.ca\/blogs\/#\/schema\/person\/aba5a4a73aaaf0a3e8966b4d7acb7f3b","name":"sachin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d7e23e996298320936642733363bcc36184e344d48d2f7cad58c608722fa0909?s=96&d=mm&r=g","caption":"sachin"},"url":"https:\/\/www.donemortgage.ca\/blogs\/author\/sachin_seo\/"}]}},"rttpg_featured_image_url":{"full":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1672,941,false],"landscape":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1672,941,false],"portraits":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1672,941,false],"thumbnail":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",150,84,false],"medium":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",300,169,false],"large":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1024,576,false],"1536x1536":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1536,864,false],"2048x2048":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/11\/cf3524b7-6397-44c8-a3d9-c1eff274c56b.png",1672,941,false]},"rttpg_author":{"display_name":"sachin","author_link":"https:\/\/www.donemortgage.ca\/blogs\/author\/sachin_seo\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"Most people treat their renewal letter like a utility bill. It arrives, they sign it, and theymove on. They\u2019re not alone. Research by the Financial Consumer Agency of Canada found that 13%of mortgage holders didn\u2019t know they could negotiate at renewal, and 37% chose theirlender mainly because they already banked there (BNN Bloomberg, citing FCAC).&hellip;","_links":{"self":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/1008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/comments?post=1008"}],"version-history":[{"count":4,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/1008\/revisions"}],"predecessor-version":[{"id":1016,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/1008\/revisions\/1016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media\/1012"}],"wp:attachment":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media?parent=1008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/categories?post=1008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/tags?post=1008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}