I haven’t established much credit in Canada — can I still apply for a mortgage?

Yes! If you have little or no credit history, we can use "alternate credit" to verify your payment history. This can include:
 

• A letter from your insurance company, Telus, Shaw, EPCOR, or your landlord

• 1yr bank statements showing regular payments

• In some cases, a credit report from your country of origin (most commonly available from the U.S.)

Mortgage Credit Requirements After the 5-Year Mark

In Canada, after your five-year mark, the recommended credit profile for mortgage approval typically includes:
 

• Two active credit accounts

• At least two years of credit history

• A minimum credit limit of $2,500 per account