The renewal wall
Renewing a mortgage in 2026
Anyone renewing this year signed one term ago, into a very different market. Below is what people like them actually got then, from the offers they shared, and what that same mortgage renews into at today's achievable rate: a real payment change on a $500,000 mortgage, computed by amortizing the loan out, taking the balance left at renewal, and re-amortizing it over the years that remain. Each origination rate is a cohort median shown with its sample size; today's renewal rate is our achievable benchmark for that product.
5-year fixed renewals
Renewing near today's 4.24% (from 972 recent offers).
| Signed | Their rate | Offers | Payment then | Renews to | Change / mo |
|---|---|---|---|---|---|
| 2021-07 | 1.85% | 210 | $2,081 | $2,575 | +$494 |
| 2021-08 | 1.84% | 197 | $2,079 | $2,574 | +$496 |
| 2021-09 | 1.89% | 174 | $2,091 | $2,577 | +$486 |
| 2021-10 | 2.06% | 160 | $2,132 | $2,586 | +$455 |
| 2021-11 | 2.29% | 167 | $2,188 | $2,599 | +$411 |
| 2021-12 | 2.49% | 103 | $2,237 | $2,609 | +$372 |
| 2022-01 | 2.44% | 276 | $2,225 | $2,607 | +$382 |
3-year fixed renewals
Renewing near today's 4.09% (from 1,345 recent offers).
| Signed | Their rate | Offers | Payment then | Renews to | Change / mo |
|---|---|---|---|---|---|
| 2023-07 | 5.69% | 178 | $3,107 | $2,695 | −$413 |
| 2023-08 | 5.94% | 130 | $3,181 | $2,700 | −$481 |
| 2023-09 | 5.99% | 170 | $3,196 | $2,701 | −$495 |
| 2023-10 | 6.19% | 166 | $3,256 | $2,706 | −$550 |
| 2023-11 | 5.99% | 199 | $3,196 | $2,701 | −$495 |
| 2023-12 | 5.64% | 227 | $3,093 | $2,693 | −$399 |
| 2024-01 | 5.34% | 294 | $3,006 | $2,686 | −$319 |
Payments assume a 25-year original amortization on a $500,000 mortgage and scale proportionally to your own balance. Fixed rates compound semi-annually by Canadian convention. Rates are achievable medians from shared offers, as of 2026-10-17. This is information only; a broker can confirm your exact renewal.