Mortgage center
Get mortgage-ready before you choose a property
Explore payment estimates, Canadian rate scenarios, refinance savings, affordability, and document readiness in one focused mortgage hub.
Tools
Mortgage tools
Explore payment, affordability, and refinancing estimates to prepare your mortgage decisions.
Mortgage calculator
Estimate monthly payment, taxes, insurance, closing cash, and amortization.
Affordability calculator
Model the home budget that may fit income, debt, rate, and down payment.
Refinance calculator
Compare current and new payment estimates for a mortgage renewal or refinance.
Pre-approval checklist
Prepare the documents lenders commonly ask for before reviewing a file.
Rates
Illustrative rate: 5-year fixed
Compare illustrative Canadian mortgage scenarios. These sample rates are planning assumptions, not current lender offers.
Rate / APR
5.14% / 5.32%
Affordability
How much could fit?
Estimated budget
€612,538
Refinance
Could a lower rate help?
Current
€3,151
New
€2,839
Savings
€312
Loan options
Home loan options
A compact comparison table for common mortgage scenarios in Canada.
| Loan type | Best for | Down payment | Credit guide | Notes |
|---|---|---|---|---|
| 5-year fixed | Stable payment | 5% to 20%+ | 650+ | Popular Canadian fixed-rate benchmark |
| 3-year fixed | Shorter rate lock | 5% to 20%+ | 650+ | Useful when rates may move before renewal |
| Variable | Rate can adjust | 5% to 20%+ | 680+ | Payment or interest cost may change with prime |
| Insured mortgage | Lower down payment | 5% to 19.99% | Varies | Mortgage default insurance usually applies |
| Refinance | Equity review | Often 20%+ equity | Varies | Qualification depends on lender and property |
Pre-approval
Lender readiness checklist
Common terms
Mortgage glossary
Amortization
The full schedule used to repay principal and interest over time, often 25 or 30 years.
APR
A cost measure that combines interest rate and some borrowing costs into one annual percentage.
Debt service ratio
A lender measure comparing housing payments and other debts against gross income.
Loan-to-value
The loan amount compared with the property value. A lower LTV usually means more equity.
Mortgage insurance
Default insurance may apply when the down payment is below 20% in Canada.
Pre-approval
A lender review of income, debt, credit, and down payment before final property approval.
Rates by city
Canadian mortgage markets
Rates by type
Mortgage products
Rates and payments on this page are illustrative planning estimates. They are not lender quotes, mortgage offers, pre-approvals, or financial advice. Confirm available rates and conditions directly with a qualified lender.