Category: Qualifying
Income, credit, and debt requirements — what lenders actually check before approving a mortgage.
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How Much Mortgage Can I Afford in Canada? Salary Examples for 2026
See how much mortgage you can afford on salaries from $60,000 to $150,000, the ratios lenders use and how to qualify for more.
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Mortgage Stress Test Canada (2026): How It Works & How to Pass
The mortgage stress test is a federal rule that makes you qualify for your mortgage at a higher rate than the one you’ll actually pay. It exists to make sure borrowers can still afford their payments if rates rise, and…
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Self-Employed Mortgage in Canada: How Lenders Calculate Income
Being self-employed doesn’t make it impossible to get a mortgage, but lenders look at your income differently than a salaried employee’s. Instead of a job letter and pay stubs, they rely on what you’ve reported to the Canada Revenue Agency,…