What credit score do I need for a mortgage in Canada?
Updated: February 28, 2026CanadaFAQPrivate lending
Quick Summary
There is no single cutoff. Lenders look at your score, credit history, income stability, and debt ratios, and different lender types accept different profiles.
Credit score is important, but it’s only one part of mortgage approval.
What lenders evaluate
- Credit score and credit history (late payments, collections, utilization).
- Income stability and documentation quality.
- Debt ratios (housing costs and total debt).
- Down Payment and overall strength of the file.
Practical ways to improve an application
- Pay down revolving balances (utilization matters).
- Avoid applying for new credit right before a mortgage.
- Fix errors on your credit report.
- Keep payments on time for several months leading up to approval.
If your score is currently too low for a prime lender, a broker can explain whether a B lender or short-term private bridge is appropriate and what steps would help you refinance into a better rate later.