To qualify for a mortgage in Canada, lenders typically consider three key factors: Credit Score – Reflects your credit history and how responsibly you’ve managed debt and loans. Debt-to-Income Ratio – Shows what portion of your income goes toward regular financial obligations, helping lenders assess your ability to manage additional debt. Home Equity – The difference between the appraised value of the property and the amount you’re borrowing. These criteria help lenders determine your overall financial stability and ability to repay the mortgage.