Serving City of Toronto
Toronto renewals, handled with care and clear numbers.
Toronto balances are often large, which means a small rate difference can move a monthly payment by hundreds of dollars. We help Toronto homeowners compare renewal offers and lender switches, from condos downtown to detached homes in Scarborough, Etobicoke and North York.
What matters in Toronto
- Higher balances make fees and break-even timing especially important to model before switching.
- Many Toronto homeowners refinanced or took private financing to bridge a purchase; we help plan the way back to mainstream lenders.
- Condo files can have specific lender requirements around building, size and status certificates.
01RenewalsYour term ends in the next 4 to 6 monthsLearn more 02Private to B lenderYou are on a private first or second mortgage, often a 1 to 2 year termLearn more 03B to A lenderYou have been with a B lender for one term or moreLearn more 04HELOC & debt consolidationYou carry balances on cards, lines of credit or car loansLearn more
An illustrative estimate for Toronto homeowners
Illustrative comparison
What could your payment look like?
Today
$7,004/mo
Proposed
$5,816/mo
Estimated monthly payment relief
$1,188
$14,257 per year lower
- Interest over 36-month term
- $202,148 vs $143,852
- Principal repaid in term
- $50,002 vs $65,526
- Interest saved, after costs
- $53,296
- Costs recovered in
- 5 months
- Payment relief and interest savings are different. Both are illustrative estimates only.
Talk it through with a broker
Optional. You don't need to share contact details to use this calculator. Results are estimates using Canadian semi-annual compounding, are not rate offers, and approval is not guaranteed.