High Net Worth Mortgage Canada

A High Net Worth Mortgage is made for people who have strong liquid assets but may not show high or simple income on paper. This type of mortgage lets the lender look at your full financial picture — not just your job income.

It can help you qualify for a larger mortgage with more flexibility.
You can use it for:

• Buying a home
• Refinancing
• Switching or consolidating a mortgage

It works for primary homes, second homes, and rental properties.

Who This Can Help

This mortgage is helpful if you have solid savings or investments but do not fit normal income rules. This includes:

• Business owners who keep earnings in their company
• Retirees or semi-retired people living off investments
• Anyone with large savings, inheritance, or equity

These programs look at your total financial strength, not only your income from work.

Basic Requirements

To qualify, you must:

• Live in Canada and file Canadian taxes
• Have at least $250,000 in verified liquid assets held in a Canadian financial institution
• Have strong credit
• Meet lender rules for total debt service (TDS)

Foreign income cannot be used, and most foreign assets cannot be used unless they appear on the eligible-asset list.

How the Asset Rule Works

Lenders use an “asset-to-mortgage” rule.
This means:

For every $1 of mortgage you need above what you qualify for under normal income rules, you must show $1 in liquid assets.

Example:
If normal rules approve you for a $400,000 mortgage but you need $900,000, you must show $500,000 in verified liquid assets plus your down payment.

Assets must be:

• Unencumbered (not pledged as security)
• Verified over a 90-day history
• Held by you or jointly with anyone on the mortgage application

If you share assets with someone not on the mortgage, only part of those assets may be counted.

What Counts as Liquid Assets

Lenders accept a wide range of assets.
Eligible examples include:

• Chequing and savings accounts
• GICs
• TFSAs
• Mutual funds and ETFs
• Stocks of Canadian or U.S. public companies
• Stocks of foreign companies held inside a Canadian investment account
• Segregated Funds / Guaranteed Investment Funds (GIFs)
• Traded REITs
• RRSPs and RIFs (RIFs are discounted by 30%)
• Government bonds and treasury bills
• Equity from a property that has a firm sale agreement
• Liquid assets held in a Canadian holding company (if all owners are also on the mortgage)

Not Eligible

These assets cannot be used:

• Locked-in accounts (LIRA, LIF)
• Margin accounts
• Cryptocurrency
• Non-traded REITs or private equity
• Panda bonds
• RESPs

Paperwork You Need

You must show proof of your assets with:

• 90-day statements showing average balances
• Annual, quarterly, or monthly investment statements
• Proof for any recent transfers
• A 30-day bank statement showing the funds are on deposit in Canada

If funds were moved from an eligible margin account, only 30 days of history is needed — but you must show proof they were held in an eligible account before.

Income rules still apply, but if you earn less than $1,000 per month or rely only on RRSP income, you cannot qualify.

Down Payment Rules

Your down payment must be separate from the assets used for qualification.

• Minimum down payment: 20%
• At least 10% must come from your own resources
• Gifts are not allowed
• No secured secondary financing is allowed

Loan-to-Value (LTV)

• Up to 80% LTV if your TDS is 60% or lower
• Up to 65% LTV if your TDS is above 60%
• Rental properties may have additional LTV limits
• All High Net Worth mortgages are uninsured (no CMHC)

Amortization

You can choose an amortization period of up to 30 years. This helps lower your monthly payments and improve cash flow.

Why Work With a Mortgage Broker

Every lender treats high net worth lending differently. Rules, asset lists and credit standards vary.

A mortgage broker can:

• Match you with lenders who specialize in high-net-worth clients
• Compare rates and features from many institutions
• Handle paperwork and communication
• Present your file clearly to underwriters familiar with complex asset portfolios

Brokers work for you, not the bank. Many Canadians now use brokers because it leads to better options and smoother approvals.

Ready to Begin?

You can start a secure pre-qualification online.
It takes only a few minutes and does not affect your credit score.

Once we receive your information, we will:

• Review your goals
• Confirm your eligibility
• Estimate your mortgage amount based on your verified assets

If you’d prefer to talk privately, you can contact us anytime to speak with a broker who understands high-net-worth lending.

Click Apply Now to get started — and learn how your assets can help you qualify for the home you want.