{"id":123,"date":"2026-03-09T13:32:11","date_gmt":"2026-03-09T13:32:11","guid":{"rendered":"https:\/\/donemortgage.ca\/blogs\/?p=123"},"modified":"2026-06-09T21:56:52","modified_gmt":"2026-06-09T21:56:52","slug":"mortgage-renewal-canada-2026","status":"publish","type":"post","link":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/","title":{"rendered":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#mortgage-renewal-canada-2026-why-payments-are-rising\">Mortgage Renewal Canada 2026: Why Payments Are Rising<\/a><ul><li class=\"\"><a href=\"#1-the-payment-shock-audit-know-your-numbers\">1. The &#8220;Payment Shock&#8221; Audit: Know Your Numbers<\/a><\/li><li class=\"\"><a href=\"#2-the-blend-and-extend-recovery-strategy\">2. The &#8220;Blend and Extend&#8221; Recovery Strategy<\/a><\/li><li class=\"\"><a href=\"#3-leverage-the-gta-market-shift\">3. Leverage the GTA Market Shift<\/a><\/li><li class=\"\"><a href=\"#2026-mortgage-renewal-fa-qs\">2026 Mortgage Renewal FAQs<\/a><\/li><li class=\"\"><a href=\"#faq-question-1773062277233\">How much will my mortgage payments increase in 2026?<\/a><\/li><li class=\"\"><a href=\"#faq-question-1773062318550\">What is the minimum credit score I need for a good mortgage rate in Canada?<\/a><\/li><li class=\"\"><a href=\"#faq-question-1773062341126\">Can I change lenders during a mortgage renewal?<\/a><\/li><li class=\"\"><a href=\"#faq-question-1773062375386\">What is the current mortgage stress test rate?<\/a><\/li><li class=\"\"><a href=\"#faq-question-1773062388880\">Should I choose a fixed or variable rate in 2026?<\/a><\/li><li class=\"\"><a href=\"#links\">Links<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Mortgage Renewal Canada 2026 is becoming one of the biggest financial challenges facing Canadian homeowners as millions of borrowers move from pandemic-era rates to today&#8217;s higher mortgage rates.<br><br>If you purchased a home in Toronto or Brampton during the 2021 pandemic peak, you\u2019re likely sitting on a mortgage rate between 1.3% and 1.7%. While those rates felt like a dream, the reality of 2026 is waking many homeowners up to a significant &#8220;payment shock.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to recent industry data, over 1 million Canadians are facing mortgage renewals this year. With the Bank of Canada holding the target interest rate at <strong>2.25%<\/strong> and 5-year fixed rates averaging around <strong>4.40%<\/strong>, the jump in monthly obligations can be staggering.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At <strong>Done Mortgage<\/strong>, we don\u2019t want you to just survive your renewal\u2014we want you to master it. Here is your 3-step audit and recovery plan to protect your home and your wallet.<\/p>\n\n\n\n<h2 id=\"mortgage-renewal-canada-2026-why-payments-are-rising\" class=\"wp-block-heading\">Mortgage Renewal Canada 2026: Why Payments Are Rising<\/h2>\n\n\n\n<h3 id=\"1-the-payment-shock-audit-know-your-numbers\" class=\"wp-block-heading\">1. The &#8220;Payment Shock&#8221; Audit: Know Your Numbers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The biggest mistake GTA homeowners make is waiting for the bank\u2019s renewal letter to arrive in the mail. By then, your negotiating power is gone.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Audit Your Credit Score:<\/strong> Ideally, you want an <a href=\"https:\/\/www.google.com\/search?q=https:\/\/www.consumer.equifax.ca\/personal\/education\/credit-score\/what-is-a-good-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">Equifax credit score<\/a><br>of at least 660 to access the most competitive rates. Before committing to a renewal, it is vital to compare <a href=\"https:\/\/donemortgage.ca\/blogs\/fixed-vs-variable-mortgage-canada-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\">fixed vs variable mortgage<\/a><br> options for 2026.<\/li>\n\n\n\n<li><strong>Calculate the Gap:<\/strong> Moving from a 1.5% rate to a 4.4% rate on a $600,000 mortgage could increase your payment by hundreds of dollars every month. Knowing this &#8220;gap number&#8221; now allows you to adjust your lifestyle or investment portfolio before the first new payment is due.<\/li>\n<\/ul>\n\n\n\n<h3 id=\"2-the-blend-and-extend-recovery-strategy\" class=\"wp-block-heading\">2. The &#8220;Blend and Extend&#8221; Recovery Strategy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If the thought of a 4.4% rate is overwhelming, you may have options beyond a standard renewal.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stabilize Your Income:<\/strong> Mortgage providers are looking for stability. Avoid major career changes or large new debts (like a car loan) in the six months leading up to your renewal.<\/li>\n\n\n\n<li><strong>The Blend and Extend:<\/strong> We can often work with lenders to &#8220;blend&#8221; your current low rate with the new market rate. This averages out the cost and extends your term, providing a &#8220;middle-ground&#8221; rate that is much easier on your monthly cash flow than a total reset to current market peaks.<\/li>\n<\/ul>\n\n\n\n<h3 id=\"3-leverage-the-gta-market-shift\" class=\"wp-block-heading\">3. Leverage the GTA Market Shift<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While rates have risen, the market balance is shifting in your favor. In January 2026, home prices in Toronto fell by an average of <strong>$7,100<\/strong>, and the market is teetering on the edge of a &#8220;buyers&#8217; market&#8221; with a sales-to-new-listings ratio of <strong>45%<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Increase Your Down Payment:<\/strong> If you have savings or an inheritance, putting a lump sum toward your principal at renewal time reduces the total amount you need to borrow, which can drastically lower your interest costs.<\/li>\n\n\n\n<li><strong>Shop Around:<\/strong> Don&#8217;t just sign your current bank&#8217;s renewal offer. Using a licensed mortgage broker allows you to compare the Big Five banks against smaller lenders who may be hungrier for your business in this cautious market.<\/li>\n<\/ul>\n\n\n\n<h3 id=\"2026-mortgage-renewal-fa-qs\" class=\"wp-block-heading\">2026 Mortgage Renewal FAQs<\/h3>\n\n\n\n<div class=\"wp-block-rank-math-faq-block\"><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\"><strong>How much will my mortgage payments increase in 2026?<\/strong><\/h3><div class=\"rank-math-answer\">This depends on your original rate. If you are moving from a 1.5% pandemic rate to a current average of 4.40%, you could see a payment increase of approximately 20-25%.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\"><strong>What is the minimum credit score I need for a good mortgage rate in Canada?<\/strong><\/h3><div class=\"rank-math-answer\">While you can get approved with lower scores, a score of <strong>660 or higher<\/strong> is generally required to qualify for the most competitive rates offered by major lenders.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\"><strong>Can I change lenders during a mortgage renewal?<\/strong><\/h3><div class=\"rank-math-answer\">\u00a0Yes. In fact, shopping around is one of the best ways to improve affordability. However, you must ensure your financial health\u2014including stable income and low debt\u2014is in good standing to qualify with a new provider.<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\"><strong>What is the current mortgage stress test rate?<\/strong><\/h3><div class=\"rank-math-answer\">\u00a0As of early 2026, with average 5-year fixed rates at 4.40%, the stress test rate typically sits around <strong>6.40%<\/strong> (the contract rate plus 2%).<\/div><\/div><div class=\"rank-math-faq-item\"><h3 class=\"rank-math-question\"><strong>Should I choose a fixed or variable rate in 2026?<\/strong><\/h3><div class=\"rank-math-answer\">\u00a0The market is currently cautious. While fixed rates have declined slightly, bond yields remain volatile. A consultation with a broker can help you determine if the stability of a fixed rate or the potential future drops of a variable rate fits your specific risk tolerance<\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 id=\"links\" class=\"wp-block-heading\">Links<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a target=\"_blank\" rel=\"noreferrer noopener\">CRA Home Buyers Plan Rules<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.cmhc-schl.gc.ca\/consumers\/home-buying?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">CMHC First-Time Home Buyer Resources<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/first-time-home-buyer-incentive-in-canada-is-it-actually-worth-it\/\">First-Time Home Buyer Mortgage<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/rrsp-first-time-home-buyer-rules-canada\/\">FHSA Guide RRSP vs TFSA<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/donemortgage.ca\/blogs\/mortgage-broker-toronto\/\">Mortgage Broker Toronto<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage Renewal Canada 2026 is becoming one of the biggest financial challenges facing Canadian homeowners as millions of borrowers move from pandemic-era rates to today&#8217;s higher mortgage rates. If you purchased a home in Toronto or Brampton during the 2021 pandemic peak, you\u2019re likely sitting on a mortgage rate between 1.3% and 1.7%. While those [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-123","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 Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs<\/title>\n<meta name=\"description\" content=\"Facing a 2026 mortgage renewal? Learn how to beat &quot;payment shock&quot; in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto &amp; Brampton.\" \/>\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-canada-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs\" \/>\n<meta property=\"og:description\" content=\"Facing a 2026 mortgage renewal? Learn how to beat &quot;payment shock&quot; in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto &amp; Brampton.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Blogs\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/malikswatti\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-09T13:32:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-09T21:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Swati Malik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Swati Malik\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/\"},\"author\":{\"name\":\"Swati Malik\",\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#\\\/schema\\\/person\\\/006d26abf3456207e8a8bef0a0e99cff\"},\"headline\":\"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands\",\"datePublished\":\"2026-03-09T13:32:11+00:00\",\"dateModified\":\"2026-06-09T21:56:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/\"},\"wordCount\":806,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Mortgage-Renewal-Canada-2026.webp\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"SearchResultsPage\"],\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/\",\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/\",\"name\":\"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Mortgage-Renewal-Canada-2026.webp\",\"datePublished\":\"2026-03-09T13:32:11+00:00\",\"dateModified\":\"2026-06-09T21:56:52+00:00\",\"description\":\"Facing a 2026 mortgage renewal? Learn how to beat \\\"payment shock\\\" in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto & Brampton.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Mortgage-Renewal-Canada-2026.webp\",\"contentUrl\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Mortgage-Renewal-Canada-2026.webp\",\"width\":1536,\"height\":1024,\"caption\":\"Mortgage Renewal Canada 2026\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/mortgage-renewal-canada-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/donemortgage.ca\\\/blogs\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands\"}]},{\"@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\\\/006d26abf3456207e8a8bef0a0e99cff\",\"name\":\"Swati Malik\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g\",\"caption\":\"Swati Malik\"},\"description\":\"Swati Malik is a licensed Mortgage Broker with Dominion Lending Centres, working with clients across Ontario and the Greater Toronto Area. She specializes in mortgage approvals for first-time buyers, self-employed borrowers, renewals, and refinancing strategies. Swati works with a wide network of lenders to structure mortgage files effectively and help clients secure competitive financing solutions. Through Done Mortgage, she focuses on simplifying the mortgage process and guiding clients toward the right mortgage strategy for their financial goals.\",\"sameAs\":[\"https:\\\/\\\/donemortgage.ca\\\/blogs\",\"https:\\\/\\\/www.facebook.com\\\/malikswatti\",\"https:\\\/\\\/www.instagram.com\\\/swatimalik88\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/swati-malik-b6964691\\\/\",\"https:\\\/\\\/ca.pinterest.com\\\/swattim\\\/_profile\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@DoneMortgage\"],\"url\":\"https:\\\/\\\/www.donemortgage.ca\\\/blogs\\\/author\\\/donemortgage_blogs\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs","description":"Facing a 2026 mortgage renewal? Learn how to beat \"payment shock\" in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto & Brampton.","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-canada-2026\/","og_locale":"en_US","og_type":"article","og_title":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs","og_description":"Facing a 2026 mortgage renewal? Learn how to beat \"payment shock\" in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto & Brampton.","og_url":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/","og_site_name":"Blogs","article_author":"https:\/\/www.facebook.com\/malikswatti","article_published_time":"2026-03-09T13:32:11+00:00","article_modified_time":"2026-06-09T21:56:52+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp","type":"image\/webp"}],"author":"Swati Malik","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Swati Malik","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#article","isPartOf":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/"},"author":{"name":"Swati Malik","@id":"https:\/\/donemortgage.ca\/blogs\/#\/schema\/person\/006d26abf3456207e8a8bef0a0e99cff"},"headline":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands","datePublished":"2026-03-09T13:32:11+00:00","dateModified":"2026-06-09T21:56:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/"},"wordCount":806,"commentCount":1,"publisher":{"@id":"https:\/\/donemortgage.ca\/blogs\/#organization"},"image":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#respond"]}]},{"@type":["WebPage","SearchResultsPage"],"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/","url":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/","name":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands - Blogs","isPartOf":{"@id":"https:\/\/donemortgage.ca\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#primaryimage"},"image":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp","datePublished":"2026-03-09T13:32:11+00:00","dateModified":"2026-06-09T21:56:52+00:00","description":"Facing a 2026 mortgage renewal? Learn how to beat \"payment shock\" in the GTA with our 3-step audit. Expert advice on rates and affordability in Toronto & Brampton.","breadcrumb":{"@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#primaryimage","url":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp","contentUrl":"https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp","width":1536,"height":1024,"caption":"Mortgage Renewal Canada 2026"},{"@type":"BreadcrumbList","@id":"https:\/\/www.donemortgage.ca\/blogs\/mortgage-renewal-canada-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/donemortgage.ca\/blogs\/"},{"@type":"ListItem","position":2,"name":"Mortgage Renewal Canada 2026: How to Reduce Payment Shock and Save Thousands"}]},{"@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\/006d26abf3456207e8a8bef0a0e99cff","name":"Swati Malik","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5cdd2f8782e6695fae7b1f7fb228eadb1b5694698879d2e18a60924bf35ef35c?s=96&d=mm&r=g","caption":"Swati Malik"},"description":"Swati Malik is a licensed Mortgage Broker with Dominion Lending Centres, working with clients across Ontario and the Greater Toronto Area. She specializes in mortgage approvals for first-time buyers, self-employed borrowers, renewals, and refinancing strategies. Swati works with a wide network of lenders to structure mortgage files effectively and help clients secure competitive financing solutions. Through Done Mortgage, she focuses on simplifying the mortgage process and guiding clients toward the right mortgage strategy for their financial goals.","sameAs":["https:\/\/donemortgage.ca\/blogs","https:\/\/www.facebook.com\/malikswatti","https:\/\/www.instagram.com\/swatimalik88\/","https:\/\/www.linkedin.com\/in\/swati-malik-b6964691\/","https:\/\/ca.pinterest.com\/swattim\/_profile\/","https:\/\/www.youtube.com\/@DoneMortgage"],"url":"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/"}]}},"rttpg_featured_image_url":{"full":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1536,1024,false],"landscape":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1536,1024,false],"portraits":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1536,1024,false],"thumbnail":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",150,100,false],"medium":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",300,200,false],"large":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1024,683,false],"1536x1536":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1536,1024,false],"2048x2048":["https:\/\/www.donemortgage.ca\/blogs\/wp-content\/uploads\/2026\/03\/Mortgage-Renewal-Canada-2026.webp",1536,1024,false]},"rttpg_author":{"display_name":"Swati Malik","author_link":"https:\/\/www.donemortgage.ca\/blogs\/author\/donemortgage_blogs\/"},"rttpg_comment":2,"rttpg_category":"<a href=\"https:\/\/www.donemortgage.ca\/blogs\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","rttpg_excerpt":"Mortgage Renewal Canada 2026 is becoming one of the biggest financial challenges facing Canadian homeowners as millions of borrowers move from pandemic-era rates to today&#8217;s higher mortgage rates. If you purchased a home in Toronto or Brampton during the 2021 pandemic peak, you\u2019re likely sitting on a mortgage rate between 1.3% and 1.7%. While those&hellip;","_links":{"self":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/123","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/comments?post=123"}],"version-history":[{"count":3,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/123\/revisions"}],"predecessor-version":[{"id":243,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/posts\/123\/revisions\/243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media\/242"}],"wp:attachment":[{"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/media?parent=123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/categories?post=123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.donemortgage.ca\/blogs\/wp-json\/wp\/v2\/tags?post=123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}