How Long Does It Take for a Mortgage Renewal or Transfer to Update?
Find out how long mortgage renewals or transfers take to show up on Equifax and TransUnion credit reports in Canada.
When you renew or switch lenders, your credit report may lag.
đź•’ Reporting Timelines
- Lenders send updates monthly.
- Equifax/TransUnion may take weeks to update.
- Old mortgage may show “closed” before new one appears.
⚠️ Risks
- Temporary gaps may confuse lenders.
- Scores may dip if updates delay.
âś… What To Do
- Keep your renewal/transfer agreement.
- Provide documentation if applying elsewhere.
- Expect 1–2 cycles for updates.
đź“Ś Takeaway
👉 Updates take time. Be patient and keep records handy.
