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.

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

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Simple Canadian guides about business income, real estate calculations, mortgages and buying a home.

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Start Here

A simple starting point for buyers who want to understand the real numbers before making a move.

Entrepreneurs & Creators

Creator Income

Creators earn real income from YouTube, TikTok, podcasts, affiliate marketing but lenders may need extra documentation to understand these sources.

Real Estate Calculations

Mortgage Payments

A simple explanation of amortization and how it affects your mortgage payment, interest and long-term cost.

Real Estate Calculations

Mortgage Payments

Understand what goes into a mortgage payment and why your monthly number may not tell the full story.

Buying a Home

Interest Rates

A simple way to think through payment changes, timing and whether waiting actually helps.

Real Estate Calculations

Mortgage Interest

A quick look at why long-term mortgage interest can surprise homeowners.

Buying a Home

Getting Started

The five numbers every Ontario buyer should check before making a home-buying decision.

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