Mortgage financing in Canada is a process by which home buyers obtain long-term loans to finance the purchase of their property. Mortgage lenders in Canada are usually banks, credit unions, trust companies or mortgage companies.

Buyers can get conventional mortgages, adjustable rate mortgages, fixed rate mortgages, or federally insured mortgages. Mortgage lenders assess the creditworthiness of the borrower, the value of the property and the amount of the down payment to determine the loan amount and repayment terms.

Borrowers can pay off their mortgage over up to 25 years, with accelerated repayment options to pay off their loan faster and save on interest.