Two years of notices of assessment, your records of employment and your benefit history between seasons. What reassures a lender is a cycle that repeats, not twelve months of work a year.
Choose the lender based on your proof
Variable, self-employed and commission income don’t get the same treatment everywhere. Some lenders average two years, others use the weaker one. That decides your amount much more than the rate.
Don’t submit a weak file
An incomplete file gets declined, and a complete one would have passed. Sort your documents first, so the lender doesn’t fill the gaps with guesses of its own.
Documents to gather
What the lender will ask for.
Goal of the file
Income and documents
Debts and credit
Property or security
Target timeline
Lender options
Frequently asked
Can I get a mortgage with seasonal work?+
Yes, when the cycle is documented. Lenders work from your total annual income (season and benefits together), averaged over two years. Going back to the same employer every year makes the file a lot stronger.
Which documents should I gather?+
Your last two notices of assessment, recent pay stubs, an employment letter, three months of bank statements and proof of your down payment. Before the offer, a five-day financing condition is workable. After, you’re adding weeks.
Current rates
Today’s rates, with the fine print.
These rates are indicative. Yours depends on your file, the type of mortgage (insured or not) and the lender. And look at the penalty too, it matters as much as the number.
Buying, renewing, refinancing, or something a bit out of the ordinary: tell us where you’re at, even if it’s still fuzzy. Mathieu gets back to you with next steps and the documents to pull together.
