# How does the 2026 renewal wave concentration affect competition?

> Approximately $900B in mortgages renew by end-2026.

Category: Renewal
Last verified: 2026-02-18
Source: https://ratellow.com/faqs/renewal/how-does-the-2026-renewal-wave-concentration-affect-competition

## Answer
### Section Summary

- Renewal Wave: 60-70% of total mortgage stock.
- Retention Focus: Banks prioritizing 'stay-with' ease via 1-click renewals.
- Rate Arbitrage: Switches now 40% faster to process under new OSFI rules.

## Related guide
- https://ratellow.com/guides/no-stress-test-renewal

## Sources
- Northwood Mortgage – Explaining the Mortgage Stress Test in 2025 — https://www.bankofcanada.ca/2025/07/staff-analytical-note-2025-21/#Methodology