The Mortgage Renewal Strategy Banks Don’t Explain

Your mortgage is renewing, and it’s not going to feel like it did five years ago.

If you locked in a 1.39% -- 1.49% mortgage, your renewal could mean a $800–$1,000 jump in monthly payments. In this episode of Make Money Count, Marcus and Justin break down how mortgage renewals really work in today’s high-rate market, and how to optimize your decision instead of blindly accepting the bank’s offer.

In this episode, we cover:

• What mortgage renewals look like in 2026
  
  
• Real renewal numbers (before vs after rates)
  
  
• How re-amortizing can lower monthly payments
  
  
• Fixed vs variable: what actually makes sense right now
  
  
• Why 75% of Canadians break their mortgage early
  
  
• The hidden penalties banks don’t explain
  
  
• How economic signals, inflation, and the Bank of Canada influence mortgage rates
  
  

Mortgage renewal isn’t paperwork. It’s a financial strategy decision that can quietly cost, or save, you tens of thousands of dollars.

🎧 Listen to the full episode to learn how to renew smarter, not more expensive. Drop your renewal questions in the comments; we read them all.