Question 1

What are the best mortgage rates in Canada right now?

Accepted Answer

MapleStone Lending compares rates from 50+ lenders to find you the lowest mortgage rate available. Current 5-year fixed rates start as low as 4.14% insured. Contact us for a personalized rate quote.

Question 2

How do I get pre-approved for a mortgage in Canada?

Accepted Answer

MapleStone Lending offers free mortgage pre-approval in as little as 24 hours. Simply fill out our online application and one of our licensed brokers will review your file and provide a pre-approval certificate.

Question 3

How much down payment do I need to buy a house in Canada?

Accepted Answer

In Canada, the minimum down payment is 5% for homes under $500,000, 5-10% for homes between $500,000-$999,999, and 20% for homes $1 million and over. Homes with less than 20% down require CMHC mortgage insurance.

Question 4

Should I choose a fixed or variable mortgage rate?

Accepted Answer

Fixed rates offer payment stability while variable rates fluctuate with the prime rate. Variable rates have historically been lower over time but carry more risk. Our brokers help you choose the best option for your situation.