Category: Blogs,Mortgage Tips & Advice

2.2 Million Canadians Are Renewing Their Mortgage in 2025

Are You One of Them?​

2.2 million mortgages are coming up for renewal this year. That’s 65% of all Canadian mortgages in 2025. Chances are, you, a family member, or a friend is part of that 65%—and what happens at renewal could have a big impact on financial flexibility and monthly cash flow.

The good news? 

You’ve got 3 options—and knowing which one is right for you can make all the difference.

Option 1: Renew with Your Current Lender

Fastest path, no reapplying—but not always the best option.

• No new paperwork, no income or credit checks.
• Ideal if you’ve had credit changes, job loss

💡 to understand if this is your best option – connect with us and we will give you an honest review and a second opinion.

Option 2: Switch to a New Lender

For better rates or a more flexible product.

• Switching lenders come with no cost to you.
• Great if your financial situation is stable and you’re looking for a smarter mortgage solution.
• Think of this like renewing your car insurance—you wouldn’t just blindly accept the renewal quote without checking what’s out there, right?

Option 3: Refinance at Renewal

Perfect time to restructure—without a penalty.

• Re-amortize to lower payments (especially if you’re going from a 1.5% rate range to 4%+  rate range)
• Access equity with a line of credit
• Consolidate debt or update the title
• Some lenders even offer cashback incentives and cover nearly all the costs

🎯 Remember: each mortgage term stands alone. If you need to stretch out your amortization right now, it doesn’t mean you’re off-track. You can always realign later.

Let’s Talk Before You Sign

If you’re one of the 2.2 million Canadians up for renewal, I’d love to help you review your options. And if you’re not—but someone in your circle is—please feel free to forward this or introduce us.

Book your free mortgage renewal review here:
👉 askanacruz.ca/book-a-call

Whether you stay, switch, or restructure, I’m here to make sure it’s the right move for you and your family.

📞 Let’s review your mortgage solutions—it just makes “cents”!

Talk soon,

Ana

Mortgages can be complicated; we are here to help you make “cents” of it.

We focus on Mortgage Solutions, Period!

To learn more connect with Ana Cruz 905.870.0513 or email at ana@askanacruz.ca