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To buy a home you need a mortgage...
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ListR.Ca Mortgages
Your Guide Through the Entire Mortgage Journey
Find the right mortgage options, compare rates, and connect with trusted professionals to secure financing for your next home.
LISTR.CA MORTGAGE PARTNERS
Evaluate your options with a mortgage specialist you can trust
The best mortgage partners with proven experience and plenty of options
ListR.Ca is a partner program for the best mortgage specialists in their local markets. We will introduce you to top professionals who offer great service and can help you get the mortgage options you need.
A guide for the entire mortgage process
Whether you are trying to understand what you can afford, need to make a mortgage application, or want to explore refinancing your property, our mortgage partners can help you work through the process and access the best deals.
Work with a specialist who will find the best rates for you
Why work with a local mortgage specialist? These experienced professionals can access the best rates and can ensure you get the mortgage options that best suit you.
Find the best local mortgage specialist in BC
Ajay Grover
VERICO - Your Mortgage SourceGuiding Your Real Estate Prospects with Strategic Financing and Trusted Advice
Katie Hebdon
DLC Modern Mortgage GroupI provide personalized mortgage solutions, secure great deals, and offer trusted support to make your journey smooth, stress-free, and tailored to your goals. Let's connect!
Borhan Farjoo
RTC-Urban Mortgage - Borhan Farjoo Mortgage ServiceDiscover your perfect mortgage rate with my expertise! I connect you with 50+ lenders for tailored solutions. Let's make your dream home a reality!
Liz Reljic
Haystax MortgageHelping you secure your dream home with fast and efficient service. I make the mortgage process simple, stress-free, and tailored to you.
Mortgage Calculator
See how your payments reduce your debt over time with an amortization schedule!
→Closing Cost Calculator
Say goodbye to surprises at closing time!
→Transfer Tax Calculator
Consider taxes when budgeting for a home!
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Your affordability depends on your income, debts, living expenses, credit score, and debt-to-income ratio. Lenders evaluate your purchasing power and required down payment before approving the mortgage amount.
A mortgage allows you to borrow money from a lender to purchase a home. You repay the loan through regular payments that include principal and interest while gradually building home equity.
Reverse mortgages allow homeowners aged 55+ to access their home equity without selling. Repayment usually happens when the property is sold or vacated, while interest accumulates over time.
Variable rate mortgages are linked to the prime rate. As rates change, the interest portion and principal portion of your payment adjust accordingly.
Subprime mortgages are loans offered to borrowers with lower credit scores or complex financial profiles and usually come with higher interest rates and fees.
There is no fixed limit, but approval depends on your income, debt servicing, and lender policies. Some lenders typically finance up to four properties.
Second mortgages are loans taken against home equity and sit behind the first mortgage, usually carrying higher interest rates due to increased risk.
Changes in the Bank of Canada rate influence prime rates and variable mortgage rates, and indirectly affect fixed rates through bond yields.
Mortgages have a term (commonly 1–10 years) and an amortization period (often up to 25–30 years) which is the total time to repay the loan.
Commercial mortgages are loans secured against commercial properties such as offices, warehouses, or retail spaces and typically have different terms than residential loans.
An underwriter reviews mortgage applications and evaluates risk to determine whether the borrower meets the lender’s approval criteria.
Most traditional mortgages are compounded semi-annually, though some lenders may use monthly or other compounding schedules depending on the agreement.
Mortgage Rates
Mortgage Rates
For those looking to buy a home in Canada, a few things are as important as securing the best mortgage rates possible. The rate you choose can significantly impact your finances for the next few years, determining how much you pay each month and how quickly you can pay off your mortgage.
When we refer to a mortgage rate, we're talking about the interest rate applied to the principal amount of your mortgage. If your interest rate is high, a larger portion of each monthly payment goes toward interest, which means it will take longer to reduce your principal balance.
It's important to secure the best mortgage rate based on your financial situation, the home you choose, and current market conditions. Working with experienced mortgage professionals can help you compare options and make a confident decision.
How Do Mortgages Work In Canada?
In Canada, mortgage rates are influenced by the Bank of Canada’s benchmark rate. Lenders offer different products, but the two most common types of mortgages are fixed-rate and variable-rate.
Fixed-Rate Mortgage
With a fixed-rate mortgage, your interest rate remains locked for the duration of your mortgage term (commonly up to 5 years). This means your payments stay predictable even if market rates change. At the end of the term, you can renew, refinance, or pay off the remaining balance.
Variable-Rate Mortgage
A variable-rate mortgage changes as interest rates fluctuate. Your payments may increase or decrease depending on market conditions. This option can sometimes reduce costs, but it also carries more risk if rates rise.
Mortgage Guidance with ListR.Ca
ListR.Ca helps homebuyers explore properties while also connecting them with trusted mortgage professionals who can assist in finding competitive rates. Since mortgages are a long-term financial commitment, having expert guidance can make the process clearer and more manageable.
You can also use our mortgage tools to estimate monthly payments, compare interest scenarios, and understand your overall affordability based on home price, down payment, rate, and term.
If you’re planning to purchase a home in Canada, speaking with a mortgage expert can help you understand available options and choose the structure that best fits your financial goals.