The cost of refinancing your mortgage is determined by a number of factors.

• Ending your mortgage term early may result in a fee (which is why it’s a good idea to refinance at the end of your term).
• Switching lenders might result in a mortgage discharge cost of around $350 or more.
• Registration fees for a new refinanced mortgage. The fee varies by province.
• Your legal fees may cost anywhere from $500 to over $1,000.
• Appraisal fees or property valuations which can cost around $300.