GTA & Toronto

North York Mortgage Broker — Switch / Renewal Client Playbook

North York: Negotiating better terms on an upcoming condo renewal.

Roughly 70% of homeowners sign whatever their bank offers at renewal — and overpay by thousands. Banks know this and price renewals accordingly. A 120-day rate hold and a competitive switch is one of the easiest wins in personal finance.

The North York 4-Step Playbook

1. 1
   Step 1

   Local North York Deep-Dive

   Locked in current market rates immediately to protect from sudden market hikes.

2. 2
   Step 2

   Competitor Review

   Ran bank renewal offer against the entire Canadian lending landscape to find better alternatives.

3. 3
   Step 3

   No-Fee Switch Fight

   Secured a promotion where the new lender covered appraisal and legal costs — $0 out of pocket.

4. Step 4

   Seamless Switch Execution

   Handled the entire transfer seamlessly before the renewal date, saving thousands.

Why It Works in North York

• 120-day rate hold protects you from rate hikes while we shop.
• Most lenders cover appraisal + legal fees on a straight switch — true $0 out of pocket.
• We compare your bank's offer to every monoline lender and credit union in Canada.
• Renewal is the cheapest time to restructure — no penalties, no IRD.