About

Renewal Runway is an independent information site for homeowners in Canada whose mortgage term is coming to an end. We explain how renewal rates are set, what the federal and provincial rules say, and how to compare renewing, switching lenders or changing your term, using worked examples with the arithmetic shown.

The site is written for owner-occupiers in every province and territory, with notes on Quebec where hypothecs, notaries and the Autorité des marchés financiers change the process. We cover residential mortgage renewals, switches, early renewals, penalties and related choices. We do not cover commercial or investment-property lending in depth, reverse mortgages or private lending.

We are not a lender, mortgage broker or comparison service. We do not take applications, arrange mortgages or rank lenders, and we do not publish live rates. Every rate on this site is an illustrative example. Facts about laws, regulators and official programs are checked against official sources such as the Financial Consumer Agency of Canada, OSFI, CMHC, the Bank of Canada, provincial regulators and OBSI, and each guide lists the sources to check.

The content is general information, not personal financial, legal or tax advice. For a complex situation, such as arrears, separation or a lender that will not renew, consider independent advice.

How this site is made

Renewal Runway is an independent information project. Guides are drafted with the help of AI writing tools and checked against official and primary sources before publication; see our Editorial Policy. We are not affiliated with any provider mentioned on the site and do not sell products or services.