Mortgage stress testHigher of 5.25% or the contract rate plus 2%
This is the current minimum qualifying rate used by federally regulated lenders.
Financial Consumer Agency of CanadaMortgage information and tools
Mortgage help in Ontario
Choose what you are trying to do. Review the relevant steps, calculations, and official sources.
Find your situation
8 topicsRenewing a mortgageCompare your renewal offer and switching options.Application declinedIdentify the barrier before applying again.Payment difficultiesOrganize your options before a payment is missed.Refinance or consolidate debtCompare cash flow, interest, principal, penalties, and fees.Private mortgageCalculate the full cost and test the exit plan.Self-employed mortgageOrganize business and personal income evidence.Buying a homeEstimate the payment, closing costs, and a workable budget.Second mortgageMeasure available equity and the complete borrowing cost.
Calculators
Mortgage calculations
Change the fields to see an immediate estimate. Results are illustrations, not approvals or quotes.
Estimated monthly payment$2,767Monthly principal and interest. Uses Canadian semi-annual compounding.
Reference
Ontario rules and checks
Key facts linked directly to the responsible government or regulator.
Ontario licence checkVerify a brokerage, broker, or agent
Confirm current licence status before working with an Ontario mortgage professional.
Financial Services Regulatory Authority of OntarioPrivate mortgage costsCalculate fees, interest, net advance, and maturity balance
A private mortgage also needs a realistic route to repayment or lower-cost financing.
FSRA private mortgage guidanceMortgage renewalYou can compare lenders before accepting an offer
A new lender must approve the application and switching costs may apply.
Financial Consumer Agency of CanadaSources checked August 31, 2026.