We help you obtain a mortgage to finance the purchase of your primary residence, whether it’s a single-family home or a condo. Our role is to simplify the process while giving you access to the best mortgage rates and mortgage solutions tailored to your needs.
A regular mortgage is ideal for buyers who want a clear financing solution for their primary residence. We work with various mortgage lenders and banks to compare terms and conditions.
Fixed Rate
Identical payments throughout the entire term
Ideal for borrowers seeking stability and with a low tolerance for risk
Variable Rate
Payments may fluctuate based on market conditions and interest rates
Suitable for borrowers comfortable with the risk of potential rate increases, with a moderate or high tolerance for interest rate fluctuations
Open Mortgage
Flexible repayment options
Faster principal reduction
Any additional amount paid goes directly toward reducing the principal balance. The lower the principal, the less interest you pay, which further accelerates repayment.
Closed Mortgage
Often the best rate
Penalties apply for early repayment
Our internal mortgage calculators help you estimate your payments, your amortization period, and the total cost.
Minimum down payment of 5% for a primary residence
Mortgage insurance required if the down payment is less than 20%
Assessment of repayment capacity
Verification of income (salaried, self-employed, rental income)
Credit history and financial stability
Pre-approval to determine your borrowing amount and estimated payments
Confident property search
Accepted purchase offer and financing confirmation
Review, appraisal, and documents required by the lender
Signing at the notary’s office and fund disbursement
Identification documents
Proof of income (pay stubs, T4 slips, notice of assessment, financial statements if self-employed)
Proof of down payment (bank statements or gift letter)
Purchase agreement and property description
Mortgage payment (principal and interest)
Municipal and school taxes
Home insurance and mortgage loan insurance if the down payment is less than 20%
Notary fees, inspection, appraisal
Land transfer tax (“welcome tax”)
The minimum down payment starts at 5% of the purchase price, depending on the value of the property.
You should plan on at least 5% of the purchase price. For example, for a $400,000 home, the minimum down payment would be $20,000.
The down payment is calculated in two parts:
Example: for a house priced at $700,000, the minimum down payment is $45,000 ($25,000 on $500,000 + $20,000 on the $200,000 portion).
In this case, the minimum down payment is 20% of the purchase price.
Yes. Mortgage insurance is mandatory for any down payment of less than 20%. This insurance, offered by CMHC, protects the lender in the event of default and its cost is added to the mortgage amount.
A fixed rate guarantees constant payments. A variable rate may change depending on market conditions and interest rates.
Example with a Fixed Rate
Mortgage amount: $700,000
Term: 5 years
Amortization: 25 years
Fixed rate: 5%
The monthly payment would be about $1,745. This amount would remain the same each month for the entire term, regardless of market fluctuations.
Example with a Variable Rate
Mortgage amount: $700,000
Term: 5 years
Amortization: 25 years
Initial variable rate: 4.5%
The initial monthly payment would be about $1,667.
If the rate increases to 5.5%, the monthly payment would rise to about $1,834.
If the rate decreases to 4%, the monthly payment would drop to about $1,578.
Yes, it is possible to pay off your mortgage before the end of your term, but the conditions vary depending on the type of mortgage you have.
In general, pre-approval is valid for a period of 90 to 120 days (approximately 3 to 4 months), depending on the financial institution.
