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Renew Your Mortgage with the Best Rates in Canada
Compare rates from top Canadian banks and save thousands on your mortgage renewal.
Get a Free Quote TodayCurrent Mortgage Renewal Rates from Top Canadian Banks
Compare the latest fixed and variable mortgage renewal rates from Canada's Big 5 banks. Rates are indicative and subject to change. Contact us for personalized offers! Source for RBC rates: RBC Royal Bank.
Fixed Mortgage Rates
| Term | RBC | TD | Scotiabank | BMO | CIBC |
|---|---|---|---|---|---|
| 6 Months | ~4.60% | ~4.65% | ~4.62% | ~4.60% | ~4.63% |
| 1 Year | ~4.50% | ~4.55% | ~4.52% | ~4.50% | ~4.53% |
| 2 Years | ~4.30% | ~4.35% | ~4.32% | ~4.30% | ~4.33% |
| 3 Years | ~4.10% | ~4.15% | ~4.12% | ~4.10% | ~4.13% |
| 4 Years | ~4.18% | ~4.20% | ~4.19% | ~4.18% | ~4.20% |
| 5 Years | 4.14% | ~4.16% | ~4.15% | ~4.16% | ~4.15% |
Variable Mortgage Rates
| Term | RBC | TD | Scotiabank | BMO | CIBC |
|---|---|---|---|---|---|
| 6 Months | ~4.70% | ~4.75% | ~4.72% | ~4.70% | ~4.73% |
| 1 Year | ~4.60% | ~4.65% | ~4.62% | ~4.60% | ~4.63% |
| 2 Years | ~4.40% | ~4.45% | ~4.42% | ~4.40% | ~4.43% |
| 3 Years | ~4.20% | ~4.25% | ~4.22% | ~4.20% | ~4.23% |
| 4 Years | ~4.28% | ~4.30% | ~4.29% | ~4.28% | ~4.30% |
| 5 Years | ~4.24% | ~4.26% | ~4.25% | ~4.26% | ~4.25% |
*Rates are approximate and based on recent data. RBC 5-year fixed rate as of June 27, 2025, is 4.14% for customers (posted 4.46%). Other rates are estimates based on market trends. Contact us to lock in the best rate for your renewal.
What Our Clients Say
"Renewmortgagerate.ca helped me save thousands by finding a lower rate than my bank offered. The process was seamless!"
– Sarah M., Toronto
"The team was professional and guided me through every step of my mortgage renewal. Highly recommend!"
– James T., Vancouver
"I was worried about higher rates, but they found me a great deal with cash back. Stress-free experience!"
– Priya K., Calgary
Frequently Asked Questions
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Explore Tailored Mortgage Solutions for Every Financial Goal
Discover lending solutions tailored to your dreams. From first homes to refinancing, Renew Mortgage Rate empowers your property goals with personalized, expert advice and competitive rates.
Explore Tailored Mortgage Solutions For You
Explore tailored mortgage solutions designed for your financial success.
First-Time Home Buyer Assistance
First-Time Home Buyer Loans: Tailored low-interest loans with reduced down payments, designed specifically for those new to homeownership.
Optimized Mortgage Refinancing
Optimize your mortgage with improved terms and better rates to suit your changing financial needs, possibly lowering monthly payments or reducing the loan term.
Investment Property Financing
Competitive loans for acquiring investment or rental properties, aimed to support your growth in the real estate market.
Fast Mortgage Pre-approval
Get pre-approved quickly and know your buying power, enhancing your position in negotiations and streamlining your home purchasing process.
Testimonials
Jasmine Richards
First-time buyer here! Renew Mortgage made the process smooth and even helped me invest in a rental property. Highly recommend their personalized services!
Monica Chandler
Tried a few brokers for my investment properties, but Renew Mortgage Rate really delivered. Solid rates, and refinancing was a breeze. Highly recommend.
Thomas Krazinski
Renew's mortgage pre-approval was quick and straightforward, truly streamlined my house-hunting. Solid choice if you value clarity and efficiency before diving into the market.
FAQs
Answers to Your Key Mortgage Questions Simplified
What distinguishes Renew Mortgage Rate from other brokers?
Renew Mortgage Rate specializes in personalized, tailored mortgage solutions for each unique client.
How do I know if I qualify for a first-time home buyer loan?
Eligibility can vary, typically not owning a home in the past three years. Contact us for an evaluation.
Can I refinance my mortgage with bad credit
Yes, there are refinancing options for those with less than perfect credit. At Renew Mortgage Rate, we assess your complete financial situation to identify suitable refinancing solutions that can potentially offer better rates or terms despite your credit history.
What do I need for mortgage pre-approval?
For pre-approval, provide proof of income, employment verification, credit history, and a list of assets and liabilities.
Are there any upfront fees I should be aware of when applying for loans?
While we try to minimize upfront costs, certain fees such as appraisal fees or credit report charges may be involved.
How long does the mortgage application process take with Renew Mortgage Rate?
The process can take a few weeks to a couple of months, depending on various factors.