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#prepayment-penalty

Articles tagged “prepayment-penalty”.

Renewals & Refinancing

How Early Can You Renew Your Mortgage in Canada?

Most Canadian lenders allow a penalty-free renewal about 120 days before maturity, and some allow more. See what the major banks publish, how renewing early differs from breaking early, the start-date trap that can cost thousands, and how rising bond yields affect timing in 2026.

September 11, 2026 · 15 min read