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Mortgage Renewals in 2026: Should I Renew, Refinance, or Sell?

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If you purchased your home between 2020 and 2022, your mortgage renewal could look very different today. Many Canadians are coming off historically low interest rates and are now facing higher monthly payments and difficult financial decisions.

The good news is that you have options.

Before simply signing your lender's renewal offer, take the time to review your financial situation. Ask yourself:

• Can you comfortably afford the new payments?

• Would refinancing help lower your monthly costs?

• Is it time to consolidate debt?

• Does selling and downsizing make more financial sense?

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For homeowners with significant equity, refinancing may provide flexibility and improve cash flow. For others, renewing into a different mortgage term or payment structure may be the best solution. And for some families, selling and moving into a property that better fits their financial goals can create long-term stability.

The Calgary real estate market continues to offer opportunities for both buyers and sellers, but making the right decision requires proper planning and expert advice. Every homeowner's situation is unique, and there is no one-size-fits-all solution.

If your mortgage is coming up for renewal in the next 12 months, start planning now.

 Understanding your options early can save you thousands of dollars and help you make a confident decision for your future.

Thinking about your mortgage renewal? I help homeowners and investors understand their options, analyze their numbers, and create a strategy that fits their goals. Reach out today for a no-obligation consultation and let's build a plan that works for you.

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