At some point, the term of your mortgage will come to maturity and you will have to decide between renewing your mortgage with the same lender or refinancing with a different lender. (mortgagecentresaskatoon.com)
So, what does that mean if you're going to be renewing your mortgage in 2018? (moneysense.ca)
I asked the bank to allow me to renew the mortgage early to a 7 year term as I was expecting interest rate to go up just as I was hitting the renewal date. (canadamortgagenews.ca)