Refinance or renew? How to choose when mortgage renewal creates sticker shock

by Christopher Reynolds The Canadian Press

MONTREAL - Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice: whether to renew or refinance their home loan.

Categories

Recent Posts

Bridgemarq Q3 revenue falls 12.4%, agent network shrinks amid Canadian market uncertainty
Bridgemarq Q3 revenue falls 12.4%, agent network shrinks amid Canadian market uncertainty
A narrow opening for foreign buyers in Canada, but little hope of a housing revival
A narrow opening for foreign buyers in Canada, but little hope of a housing revival
OPINION: Before we slam the door, remember who built the house
OPINION: Before we slam the door, remember who built the house
What’s on in November: Events for Canadian agents
What’s on in November: Events for Canadian agents
RECO freezes Brampton brokerage’s bank accounts after $150,000 trust shortfall discovered
RECO freezes Brampton brokerage’s bank accounts after $150,000 trust shortfall discovered
GREENSPAN: Before you plan your business for 2027, plan your life
GREENSPAN: Before you plan your business for 2027, plan your life
Real estate association forecasts B.C. home sales to slide 4.5 per cent this year
Real estate association forecasts B.C. home sales to slide 4.5 per cent this year
AREA to cover $30 CREA assessment for 15,800 Alberta members in 2027
AREA to cover $30 CREA assessment for 15,800 Alberta members in 2027
FOCH: What Budget 2026 changes for clients buying small rentals
FOCH: What Budget 2026 changes for clients buying small rentals
Toronto renters face more competition, higher rates as market hits 'inflection point'
Toronto renters face more competition, higher rates as market hits 'inflection point'

Share on Social Media

LiLiT Hakobyan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 816-5514

lilithak@yahoo.com

8854 Yonge Street, Richmond Hill, ON L4C 0T4, CAN

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from RE/MAX Your Community Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.