Brokerage #13763
Plain-English guides for Ontario homebuyers, renewers, and investors — written by licensed mortgage professionals.
lendsimplHow much income do you need to buy a $700K, $850K, or $1,000,000 home in Toronto? An illustrative example table by price point, how down payment size changes the number, and how lenders actually calculate qualifying income.
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lendsimplDo mortgage brokers charge a fee in Ontario? Here's how broker compensation actually works — the standard lender-paid commission model, when a direct fee can apply, and what FSRA requires brokers to disclose before you sign.
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lendsimplHow much rental income counts toward mortgage qualification in Canada? See the offset vs. add-back methods, typical percentages by property type, and what documents lenders ask for.
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lendsimplCan you get a mortgage to build a basement or laneway suite in Ontario? Here's how CMHC's insured secondary suite refinance program actually works today, and why an older $80,000 loan program is no longer active.
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