1.2 million Canadians are renewing their mortgage RIGHT now. 1. The Bank of Canada held rates at 2.25% for the fifth time in a row on June 10th — that means your prime rate sits at 4.45%, and your renewal window just got a lot more predictable. → 2.25% 2. Right now, fixed rates are running 4.29 to 4.89 percent — locking in gives you payment certainty while trade war uncertainty with the U.S. is still unresolved. → 4.29–4.89% 3. Variable rates are sitting lower at 3.45 to 3.95 percent — if the BoC cuts again after July 15th, you could save thousands over your term by going variable. → 3.45–3.95% 4. Never accept your bank’s first offer — shop brokers, use competing quotes as leverage, and always negotiate, because Canadians leave billions on the table at renewal every single year. Full breakdown 🌐 getwealthy.blog #CanadaFinance #PersonalFinance #CanadianMoney #MortgageRenewal #Canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.