For many homeowners in Ottawa, Kanata, Barrhaven, and Orleans, February 2026 marks an important turning point. Mortgage terms signed years ago are coming to an end, and renewal letters are starting to arrive. While this moment may feel routine, it presents a valuable opportunity to reassess your mortgage and explore smarter options.
At Capital Mortgages, we’ve helped Ottawa homeowners navigate mortgage renewals for over 25 years. We know that renewal time is not just a formality. Instead, it’s a chance to improve flexibility, restructure debt, and align your mortgage with your current financial goals.
Before signing anything, it’s important to understand what renewal really means in 2026 and how refinancing may fit into your strategy.
Why 2026 Is a Major Mortgage Renewal Year in Ottawa
Across Ottawa, a large number of homeowners are reaching the end of mortgage terms that began five or more years ago. During that time, many life changes may have occurred. Families may have grown, careers may have advanced, and financial priorities may have shifted.
However, many homeowners still treat renewal as a quick decision. They receive a renewal notice and sign without reviewing other options. While this may feel convenient, it often means missing opportunities that better reflect your current situation.
In neighborhoods like Barrhaven and Orleans, homeowners may have built significant equity. In Kanata, professionals often seek greater flexibility as career paths evolve. A local mortgage broker understands these regional and lifestyle differences. That insight matters, especially in a year as significant as 2026.
What Happens When Your Mortgage Term Ends
When your mortgage term approaches its end, lenders typically send a renewal offer. This offer outlines new terms and requests your signature. While this may seem straightforward, it’s important to pause and assess your options before committing.
At this stage, you are not limited to simply renewing. You can also explore refinancing, which allows you to restructure your mortgage entirely. Refinancing can help consolidate debt, access equity, or adjust your mortgage term to suit your long-term plans.
Working with a trusted Ottawa mortgage broker ensures you understand the difference between renewing and refinancing. At Capital Mortgages, we walk homeowners through both paths, helping them choose the option that best supports their financial future.
A Smarter Way to Prepare for Renewal in February 2026
Instead of waiting for your renewal notice, preparation should begin months in advance. Early planning gives you time to review your goals and avoid rushed decisions.
Start by asking yourself a few key questions. Has your income changed? Do you carry higher-interest debt? Are you planning renovations or future investments? Your answers help determine whether a simple renewal or a refinance makes more sense.
Homeowners in Ottawa, Kanata, Barrhaven, and Orleans benefit from reviewing their mortgage with a local expert who understands the market and lender landscape. Capital Mortgages takes a personalized approach, ensuring your mortgage aligns with both short-term needs and long-term plans.
Renewal or Refinance: Making the Right Choice
For some homeowners, renewal is the right move. For others, refinancing provides greater flexibility and financial clarity. The key is understanding your options before committing.
Renewing may suit homeowners who are comfortable with their current structure and have no immediate need to adjust. Refinancing, on the other hand, allows for a more comprehensive review of your mortgage. It can support debt consolidation, home improvements, or changes in payment structure.
In February 2026, many Ottawa homeowners are choosing to explore refinancing before renewal. This proactive approach creates more control and reduces the risk of missed opportunities. With guidance from Capital Mortgages, the process remains clear, efficient, and stress-free.
Take the Next Step With Capital Mortgages
At Capital Mortgages we are proud to be leaders in Ottawa’s mortgage industry. We help homeowners across Ottawa, Kanata, Barrhaven, and Orleans navigate mortgage renewals and refinancing with confidence. Our experience allows us to identify opportunities others may overlook.
If your mortgage term is ending in 2026, now is the time to explore your options. Apply today at
👉 https://capitalmortgages.com/apply-now/
Apply today at Capital Mortgages Apply Now. For a free quote, contact us directly:
- Phone: 613-228-3888
- Email: info@capitalmortgages.com
Before you renew, talk to a mortgage professional who puts your long-term goals first. Let Capital Mortgages help you make the most of your renewal in 2026.