If you’re self-employed, a freelancer, or a business owner, you’ve probably heard that getting a mortgage is “more complicated.” While that can be true in terms of documentation, it does not mean homeownership is out of reach.
The main difference is how income is assessed. Instead of relying on a single paycheque or T4, lenders often review tax returns, business income, write-offs, and overall financial trends to understand your earning stability.
This means preparation is key. Organizing your income documents, understanding how your business structure impacts lending, and working with the right lender can make a significant difference in your approval options.
Being self-employed doesn’t limit your ability to buy a home, it just means your strategy needs to be more intentional.
