Mortgage renewal

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Mortgage Renewal

Better together

Your relationship with HSBC is valued and respected. We appreciate that you have chosen the global expertise and local commitment of our team. We're here to help you combine home ownership with a variety of complementary strategies so you can achieve long-term prosperity.

Renew with confidence

We understand that you may have questions regarding the proposed sale of HSBC Bank Canada to Royal Bank of Canada, and what’s going to happen to your mortgage terms.

When you renew with us, know that the terms of your mortgage renewal, fixed rate or variable rate, will not change no matter what name is on the door in the future.

As a valued HSBC client, you can count on us to support your financial ambitions. Take advantage of one of our great rates today.

How HSBC can help you renew with confidence:

Financial review

When you renew your mortgage, you’ll be asked to select a new term and type of mortgage.

If your circumstances have changed, there may be a more appropriate solution for you. We’ll help you determine if changes to your lifestyle or income suggest the need for a new approach.
Identify savings

Renewing early is one way to lock in a competitive interest rate. Now may also be the time to consider switching to another HSBC mortgage product or increasing your equity. We’ll help you decide if this option is right for you.
Become mortgage-free faster

Pre-payment options provide a number of ways to pay down your mortgage faster. We’ll review your current payment plan and identify all the ways you can reach your goals faster¹.
Put your equity to work

Home equity is a powerful resource when it’s used to achieve meaningful financial goals. Now may be the right time to ask about an HSBC Home Equity Line of Credit if you have plans to renovate, need money for tuition or want to invest for the future.

Renew your existing HSBC Mortgage today!

Get started

Five year variable^** rate closed term mortgage

6.40% (6.43% APR)^*

Five year fixed rate closed term mortgage

5.94% (5.97% APR)^*

Today's best rates

Do you have Mortgage Life and Disability coverage?

Creditor Insurance helps protect your loved ones if the unexpected happens.

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How to renew

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Call: 1-866-609-4722

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Rates are subject to change without notice and are applicable to First Mortgages only.

* The annual percentage rate (APR) is based on a $200,000 mortgage for the applicable term assuming an appraisal fee of $300. APR includes all interest and some non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same. This rate is only available for personal mortgages, a higher interest rate may apply for non-owner-occupied properties, amortizations greater than 25 years, and exceptions to HSBC's standard lending guidelines. Applications are subject to credit approval.

** The variable rate is equal to HSBC Prime Rate -0.80%. The rate will change as HSBC's Prime Rate changes. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Mortgage Rates above are applicable to First Mortgages only. Some restrictions apply.

¹How much you can prepay depends upon the type of mortgage you have. If you hold an open mortgage and your installment payments are up to date, you can pay some or all of your mortgage loan at any time without penalty. If you hold a Variable Closed mortgage, during the first three years if your installment payments are up to date OR if you hold a Fixed Closed mortgage and your installment payments are up to date, you may make three types of extra payments without penalty: 1) On any anniversary date of the mortgage loan, you may make a lump sum payment up to 20% of the original principal amount, minimum of $100; 2) Along with any installment payment, you may make an extra payment in the same amount as your installment payment; 3) Once a year, you may increase your installment payment up to 20% for 12 months. The total extra and increased payments in a year cannot be more than 20% of the original principle amount. If you hold a Variable Closed mortgage after the first three years, your mortgage becomes an open term where you may pay some or all of your mortgage loan without penalty.