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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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...
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What Is a Private Mortgage and When Does It Make Sense?

If a big bank turns you down for a mortgage, you still have options. A private mortgage can be a helpful solution when your situation doesn’t fit the bank’s rules. A private mortgage is a home loan from...