Canada is in the middle of one of its largest mortgage renewal waves ever, with roughly 1.15 million mortgages coming due this year alone. If yours is up in 2027, you're not immune to this — you're just a year behind it, and that's actually useful timing.
The advantage of moving before your renewal: If you move up now, your new mortgage is priced at today's rate environment — no surprise. Wait until your renewal and your move happen together, and you're managing two big financial shifts at once.
What to check now: Ask your lender about portability, penalties, and blend-and-extend options before you commit to a moving timeline.
Bottom line: Separating your renewal stress from your moving decision — instead of letting them collide — is one of the simplest ways to reduce financial pressure on a move-up purchase.
FROM OUR BLOG
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How Much House Does My Pre-Approval Actually Get Me in Hamilton vs. Burlington vs. Niagara?
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