What credit score do you need for a mortgage in Canada?

Score ranges and lenders

Canadian credit scores generally range from 300 to 900. Mainstream lenders and mortgage insurers each set their own minimums, and those can change. Current typical minimums: [PLACEHOLDER: current minimum scores for insured and conventional mortgages]. Below those levels, alternative lenders may still help, usually at a higher cost.

Beyond the number

Lenders also look at your history: how long you've had credit, how many active accounts you have, whether payments are on time, and how much of your available credit you're using. A thin file with only one card can be as challenging as a lower score.

Ways to improve your score

Pay every bill on time, including phone and utilities that may be reported. Keep card balances well below their limits. Avoid applying for lots of new credit just before a mortgage application. Keep older accounts open if they're in good standing, since they add to the length of your history.

Check both credit bureau reports and dispute anything incorrect. Small errors — an account that isn't yours, or a paid collection still showing as open — can drag your score down.

Will shopping for a mortgage hurt my score?

A credit check for a mortgage application is a hard inquiry. Working with a broker can help, because one application can be presented to several lenders. Our team can review your credit with you and explain which lenders fit your profile.

A checklist before you apply

Request both credit reports and read every account. Pay down card balances where you can. Hold off on new car loans, store cards or other credit until your mortgage closes. Set up automatic payments so nothing slips during a busy move.

If something on your report needs explaining — a past illness, a job loss, a billing dispute — mention it to your broker early. Context won't erase a late payment, but it can help an underwriter understand the full picture and may open up more lender options.

How our brokers can help

Active Mortgage is a team of brokers working with a range of lenders. We can review your situation, explain the options that apply to you and compare real offers side by side. There's no cost to talk with us, and you're never under pressure to proceed.