What happens after a 5 year fixed rate on mortgage ends in canada

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What happens on a variable fixed rate canadian mortgage if you sell your home

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Q. How long before fixed term mortgage ends do i need to renew?

"Normally you would have a 5-year fixed mortgage meaning you will renew in 5 years..."

Normally you would have a 5-year fixed mortgage meaning you will renew in 5 years. Check your mortgage statement as it shows when it will be due for renewal. 3 months before the renewal you can start looking and check if there are other lenders who would give you a better rate or mortgage package.

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