Required documents for obtaining a mortgage in Canada
Mortgage document checklist to obtain a mortgage in Canada.
This checklist is not intended to be exhaustive. All mortgage applications are unique. Your Canadian lender may ask for further documents.
Employment and Income Verification.
- Current employment and amount of income such as:
– Copy of recent pay slips
– Evidence of recent pay deposited electronically
– T1 General and associated Notice of Assessment (NOA)
- Previous employment (if required)
- Additional income sources (if any).
Confirmation of your down payment.
- Savings or investments statement from within the last 90 days
- Sale of an existing property – a copy of the sale agreement
- Withdrawal from RRSP through the Home Buyer’s Plan, if applicable
- Gift Letter
- A list of current assets and liabilities
- Bank account and transit number for payment
- Pre-Approval Mortgage Certificate, if you have it.
- A copy of the real estate listing
- A copy of the accepted purchase and sale agreement
- The property’s full address, including legal description and postal code
- Property tax estimates, condo fees and heating costs, (usually available on the real estate listing)
- For rural properties, well and septic certificates
- Lawyer’s name, address, postal code, telephone and fax number