What is a mortgage in Canada?

A mortgage is a loan used to buy a home in Canada. You make a down payment and repay the rest over time with interest.

How do mortgage payments work?

Mortgage payments include principal and interest. Over time, more of your payment goes toward the principal.

What affects your mortgage payment?

Your payment depends on the mortgage amount, interest rate, and amortization period.

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November 25, 2025 ·

How Self-Employed Canadians Can Qualify for a Mortgage Without Traditional Income

If you’re a self-employed business owner in Canada, getting a mortgage through a traditional bank can feel impossible. You may earn strong revenue, yet your accountant prepares your taxes in a way that...

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November 21, 2025 ·

The Self-Employed Mortgage Strategy Every Business Owner Should Know

You're probably thinking: My business makes great money. I will definitely qualify. Welcome to the world of traditional lending, where your taxable income — often reduced after business write-offs —...

November 17, 2025 ·

Will Canadian Interest Rates Drop Again in 2025?

As of November 17th, 2025, Canadians are waiting on one final Bank of Canada announcement before the end of the year — and many homeowners are wondering: “Will interest rates drop again, and should I...

November 13, 2025 ·

Cap Rate vs. Cash-on-Cash Return: What’s the Difference?

If you’re thinking about buying an investment property in Canada, you’ve probably heard the terms Cap Rate and Cash-on-Cash Return. They sound similar, but they measure two different things. Understanding...

November 11, 2025 ·

What First-Time Home Buyers Need to Know About Closing Costs and Land Transfer Tax in Ontario

What Are Closing Costs? Closing costs are the fees you pay on top of your down payment when finalizing your home purchase. In Ontario, these usually include: - Land Transfer Tax (LTT) – Paid to the...

October 30, 2025 ·

What the Prime Rate Change Means For You.

What is the Prime Rate? The prime rate is a number that big banks use to decide how much interest they charge when people borrow money. Think of it like the base price of borrowing. - When the prime...