Everything on this site about Canadian mortgages, from the first pre-approval to the last payment: what rates are doing, how much you can borrow, the kinds of mortgage on offer, what happens at renewal, and how to borrow against the home later.
How Canadian mortgages work
A Canadian mortgage is usually amortized over 25 or 30 years but signed for a much shorter term, so the rate is renegotiated several times before the loan is paid off. The complete guide to Canadian mortgages covers terms and amortization, the down payment and insurance rules, the stress test and fixed vs variable rates in one place.
Calculators
Every mortgage calculator on the site, from the monthly payment to the closing costs, the stress test and a refinance, is listed in the mortgage calculator directory, next to the main payment calculator.
Mortgage topics
Current average fixed and variable rates, the Bank of Canada, and rates by province.
Fixed vs variable, open vs closed, insured vs uninsured, amortization options and more.
Affordability by salary and province, the stress test and debt service ratios.
The income it takes to qualify at each home price.
Monthly payments and total interest for loans from $100,000 to $1 million.
Payment frequency, carrying costs, paying down vs investing, and payment problems.
Renewing, switching lenders, porting, deferrals and missed payments.
Refinancing, breaking a mortgage, penalties, prepayments and HELOCs.
Banks, monoline and online lenders, brokers, and getting approved.
B-lenders, private lenders, co-signing, joint ownership and buying abroad.
Every cost of closing on a home, province by province.
Rental property mortgages, down payments and financing.
Condos, houses, multiplexes, land, cottages and tiny homes.
The stress test, CMHC rules, the Mortgage Charter and foreclosure.
Buying a home
The steps of buying, from saving the down payment to closing, sit in the housing section: first-time home buyers covers the FHSA, the Home Buyers’ Plan and provincial programs, the home buying process walks from offer to keys, and the housing market pages track prices by province and city.
Explore other topics
- Taxes: land transfer tax, property tax and income tax
- Investing and registered accounts: TFSA, RRSP and FHSA
- Personal finance: budgeting and net worth
- Banking: savings accounts and the prime rate
- Insurance: home and life insurance
- Debt and loans: personal loans and lines of credit
Browse All Mortgages Articles
Browse all 15 articles in this section.
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- Mortgage Lenders and Brokers in Canada: Where to Get a Mortgage
- Mortgage Payment Calculator Canada
- Mortgage Payments by Amount in Canada: Monthly Cost and Total Interest (2026)
- Mortgage Payments in Canada: Frequency, Costs, Paying Down and Payment Problems
- Mortgage Refinancing and Home Equity in Canada: Guides and Calculators
- Mortgage Renewal, Switching and Changes During Your Term
- Mortgage Types and Features in Canada: Guide Directory