Posted rates compiled from publicly available lender sources. Use this data to research your options before speaking with a lender.
Take advantage of the First Home Savings Account (FHSA), Home Buyers' Plan (HBP from RRSP), and First-Time Buyer Land Transfer Rebates. We'll walk you through every incentive.
Upgrading to a larger home while selling your current one? We help you coordinate the bridge financing, port your existing mortgage, or secure a new rate — whichever saves you the most.
Recently immigrated? Many lenders have programs designed for newcomers, including those without a 2-year Canadian credit history. We know which lenders work with you.
How much you need depends on the purchase price.
Minimum 5% down payment. CMHC mortgage default insurance is required. Premium: 4.00% of insured amount.
5% on first $500K + 10% on the remainder. CMHC insurance required. Premium varies by LTV ratio.
Minimum 20% down payment required. No CMHC insurance available. Conventional mortgage only.
| Lender | Rate | Monthly Payment* |
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* Based on $500,000 mortgage, 25-year amortization, 5-year fixed rate.
Source: Compiled from publicly available lender rate sheets. Updated regularly. Rates are not offers of credit — actual rates depend on individual qualifications. Verify with lenders or a licensed mortgage broker.
The federal mortgage stress test requires that you qualify at the greater of your contract rate + 2%, or 5.25%. This ensures you can afford payments if rates rise. As of March 2026, if you're getting a 4.19% rate, you must qualify at 6.19%.
The FHSA is a registered account allowing first-time buyers to save up to $8,000/year ($40,000 lifetime) tax-free. Contributions are tax-deductible and withdrawals for a qualifying home purchase are tax-free — the best features of both RRSP and TFSA combined.
Our pre-qualification takes about 5 minutes online with no credit check. A full pre-approval (with a verified certificate) typically takes 24–48 hours once you submit your documents. We prioritize urgent requests for active offer situations.
Budget 1.5–4% of the purchase price for closing costs: land transfer tax, legal fees ($1,500–$2,500), home inspection ($400–$600), title insurance (~$300), and adjustments. In Toronto, add the municipal land transfer tax. Our brokers provide a detailed closing cost estimate.
Yes! Self-employed borrowers typically need 2 years of T1 generals and NOAs to verify income. If you write off significant expenses, alternative lenders using bank statement income programs may be a better fit. We work with specialized lenders for self-employed Canadians.
A rate hold secures your approved rate for up to 120 days while you shop for a home. If rates rise during that period, your rate stays locked. If rates fall, we apply the lower rate at closing. It costs nothing and protects you completely.
Read our guides to understand your options before speaking with a lender.
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