Required Document Checklist
To streamline your mortgage application process and help you stay organized, here is a comprehensive checklist of required documentation we will need. You can download a copy at the bottom of this page.
When we do a credit application with you, you can set up an account on our applciation system and then securely upload your documentation right to your account so it will make it easier to process your applciation with everything all on one place.
1. Proof of Identity
Government-Issued Photo ID: Two pieces are typically required (e.g., Driver’s License, Passport, or Permanent Resident Card).
Social Insurance Number (SIN): To facilitate a credit check and ensure accurate identification.
2. Income & Employment Verification
For Salaried Employees:
- Recent pay stubs (usually for the last 30 days).
- Letter of Employment on company letterhead (confirming position, salary/hourly rate, and length of employment).
- Last 2 years of T4 slips.
- Most recent Notice of Assessment (NOA) from the CRA (to confirm no taxes are owing).
For Self-Employed Individuals:
- Last 2 years of full T1 General tax returns.
- Last 2 years of Notices of Assessment (NOA).
- Articles of Incorporation or Business License.
- Last 6 months of business bank statements.
- Financial statements (Profit & Loss) if applicable.
3. Down Payment & Assets
- Savings/Investments: 90 days of transaction history for all bank accounts or investment accounts being used for the down payment.
- Gifted Funds: If receiving a gift from a family member, a signed "Gift Letter" (provided by your broker) and proof of the wire transfer into your account.
- RRSP/Home Buyers' Plan: Documentation of your RRSP withdrawal if applicable.
4. Property Information (If you have a specific home in mind)
- Offer to Purchase: A signed copy of the Purchase and Sale Agreement.
- MLS Listing: A copy of the current real estate listing.
- Property Tax Statement: Most recent bill (for existing property or new purchase if available).
- Condo Documents: If buying a condo, the Status Certificate or Estoppel Certificate.
5. Construction Specifics (For Build Projects)
- Blueprints & Floor Plans: Detailed drawings of the proposed home.
- Building Permit: Confirmation from the local municipality.
- Signed Building Contract: Between you and the builder.
- Detailed Cost Estimate: A "Schedule B" or itemized budget.
6. Other Documentation (As Applicable)
- Existing Mortgage Statements: If refinancing or selling an current home.
- Separation/Divorce Agreements: To confirm support payments or asset division.
- Bankruptcy Discharge: A copy of the certificate if you have previously filed for bankruptcy.
