How to get a mortgage in Canada: From application to closing

Getting a mortgage in Canada involves several steps, including organizing your credit, determining affordability, choosing the mortgage type, comparing lenders, and applying for pre-approval. Key factors include your credit score, which should ideally be 680 or higher, and your yearly income, which varies by location. The process can take from 24 hours to 10 business days, depending on document submission and lender review. Recent interest rate hikes have made homeownership more challenging, emphasizing the importance of understanding the mortgage landscape.