CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year + MORE Sep 14th
OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages + MORE Sep 8th
The best 5-year fixed mortgage rates in Canada
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I’m buying a home*
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When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different . Using a mortgage renewal calculator can help you pick the best mortgage offer available to you at the time of renewal.
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.
This mortgage renewal calculator allows you to compare different mortgage offers, based on a specified mortgage amount and location plus the following variables: amortization period, interest rate and payment frequency. You can enter four sets of variables at once. (The tool also takes into account the size of your original down payment.) The calculator finds the best rates currently offered by a variety of lenders across Canada, and it shows you how much your regular mortgage payment would be…