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RenewalsFeb 10, 2026· 7 min read
Renewal Shock: 4 Strategies if Your Rate is About to Reset
If you signed at sub-2% rates between 2020 and 2022, your upcoming renewal payment could jump 40–60%. Here's how to soften the impact.
Roughly 60% of outstanding Canadian mortgages will renew between now and the end of 2026. For those who locked in below 2%, the new payment can be a genuine shock.
Four practical strategies we use with renewal clients: (1) Extend the amortization, (2) Restructure to a hybrid fixed/variable, (3) Refinance and consolidate to absorb other monthly debt, (4) Negotiate aggressively at 120 days out — your existing lender will rarely lead with their best offer.
Start the conversation 90–120 days before renewal. The leverage you have at that window is the single biggest factor in the rate you'll end up with.