Building Credit for a Mortgage in Canada: 2026 Roadmap
Your credit score is the gatekeeper to the housing market. In Canada, a score above 680 is good, but 720+ gets you the best rates. Here is how to get there fast.
The "2-2-2" Rule
Lenders typically want to see: 2 trade lines (e.g., credit cards, car loan), active for at least 2 years, with a limit of at least $2,000. This proves you can manage credit over time.
Don't Max Out
Credit utilization (balance vs limit) is huge. Keep your balances below 30% of your limit. If you have a $1,000 card, never owe more than $300 when the statement cuts.
Frequently Asked Questions
Everything you need to know about this topic. Can't find the answer you're looking for? Reach out to our team.
Usually no, unless you use services like Borrowell Rent Advantage to report it. It's a growing trend but not standard yet.
No. Checking your own score is a "soft check" and has zero impact. Mortgage applications are "hard checks" and do have a small impact.