Renewal Calculator
Ottawa, Ontario

Ottawa homeowners should compare their renewal offer against competitor rates. If switching saves more than the legal costs ($500–$1,000), it's often worth it. Our calculator shows the exact savings of switching vs renewing in Ottawa.

Start your renewal process 120 days (4 months) before maturity. This gives you time to compare rates from 50+ lenders serving Ottawa. Many lenders offer rate holds, locking in today's rates while you shop.

At maturity, there is no penalty for switching lenders in Ottawa — you can move your mortgage freely. If switching before maturity, penalties may apply (3 months' interest for variable, or IRD for fixed). Our calculator factors in all costs.