Adjustable Rate Mortgages see payments fluctuate alongside changes within the prime interest. The OSFI mortgage stress test requires all borrowers prove capacity to spend at higher qualifying rates. Mortgage Broker…

Second mortgages routinely have higher rates and are subordinate for the primary mortgage claim in event of default. Self Employed Mortgages require borrowers to deliver additional income verification due to…

Non Resident Mortgages require higher first payment from out-of-country buyers unable or unwilling to go to Canada. Borrowers using a history of a good credit rating and reliable income can…

Lower ratio mortgages generally have better rates as the financial institution's risk is reduced with additional borrower equity. Mortgage fraud like false income statements to qualify can lead to criminal…