{"id":1418,"date":"2026-04-13T08:00:57","date_gmt":"2026-04-13T13:00:57","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/04\/13\/renewing-your-mortgage-why-shopping-around-matters\/"},"modified":"2026-04-13T08:00:57","modified_gmt":"2026-04-13T13:00:57","slug":"renewing-your-mortgage-why-shopping-around-matters","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/04\/13\/renewing-your-mortgage-why-shopping-around-matters\/","title":{"rendered":"Renewing Your Mortgage? Why Shopping Around Matters"},"content":{"rendered":"

As your mortgage renewal date approaches, you face a critical decision: sign the renewal offer from your current lender or test the market. A recent TD Bank poll reveals that only 40% of mortgage holders intend to shop around, leaving many potentially missing out on significant savings. While sticking with your current lender can be convenient\u2014especially if you have a modest mortgage or complex borrowing needs\u2014it is crucial to evaluate whether you are getting a competitive rate. Don\u2019t settle for the first offer; lenders often rely on borrower inertia. Whether you are looking for better flexibility, lower rates, or a more favorable penalty structure, comparing options can save you thousands over a five-year term. For a deeper dive into the nuances of renewal strategies and to see how your current offer stacks up, read the full analysis by Robert McLister at the Financial Post.<\/p>\n

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Source: Read the original article<\/a><\/em><\/p>\n

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Only 40% of homeowners shop around at mortgage renewal. Should you stay or switch? Here is what you need to know before you sign.<\/p>\n","protected":false},"author":3,"featured_media":1417,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[182,213,416,728,207],"class_list":["post-1418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-gta","tag-interest-rates","tag-mortgage-renewal","tag-real-estate-finance","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1418"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1417"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}