Canadian mortgages are available for the majority of nationalities, for either house purchase or re-financing for home improvement purposes only.

Proof of income is required in all cases, and can be made up of earned income, pension, investment or rental income.  However, it is not always the case that the lender will take all or part of these incomes into account when determining the maximum loan available. 

Non-status loans are currently not available.

Example Canadian Mortgage:
Repayment mortgage of CDN $100,000 over a period of 25 years at an initial fixed interest rate of 5.20% for the first year, and then approximately 5.10% variable thereafter equals:  approximately CDN $604.00 capital and interest per month for the first year, and then around CDN $651.00 per month, therefore a total approximate amount payable over term of CDN $199,656 including capital, interest, arrangement and survey fees.

Mortgage details for:
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Quebec and Saskatchewan:

• Maximum loan to value 65%
• Maximum term 25 years
• $75,000 minimum loan
• Loans available in CDN Dollars only
• Repayment Interest Only mortgages
• Rates from 5.20% fixed for one year

Mortgage details for:
Calgary, Edmonton, Montreal, Mt Tremblanc, Quebec City, Toronto, Vancouver, Whistler:

• Maximum loan to value 75%
• Maximum term 25 years
• $200,000 minimum loan, no maximum
• Loans available in US Dollars, Sterling, Euros, HK Dollars, Swiss Francs, CDN Dollars and Yen
• Repayment and Interest Only mortgages
• 1.50% over cost of funds