mortgage renewal Canada 2026

Variable mortgage rates are likely to stay broadly stable in 2026 because the Bank of Canada has held its policy rate at 2.25%. Fixed rates

A mortgage renewal happens at the end of your term — same lender, same loan amount, new rate. A mortgage refinance is a brand-new mortgage

The Bank of Canada held its policy rate at 2.25% on March 18, 2026. Variable-rate borrowers should see no change this cycle. Fixed-rate borrowers are