About MortgagePreApprovals.ca
An independent, free Canadian toolkit for getting a mortgage pre-approval and keeping it until closing, run by the MITEY network. We're not a lender or broker, we don't promise instant approvals, every rule comes from a dated primary source, and nothing you type into our tools leaves your browser.
Figures as of 2026-11-02.| Price | $600,000 |
|---|---|
| Rule | 5% of the first $500,000, 10% of the rest (CMHC, Department of Finance) |
| 5% of $500,000 | $25,000 |
| 10% of $100,000 | $10,000 |
| Minimum down payment | $35,000same figure in every tool and guide |
Open this example in the calculator →Computed November 2, 2026.
What does this site do?
A pre-approval is a conditional pass with an expiry date. The readiness check applies every test a Canadian lender runs to the price you're aiming for and tells you the fix for anything that fails. Then the document builder, the rate-hold countdown, the what-breaks-it simulator and the letter reader help you get the pre-approval and keep it valid until closing.
What don't we do?
We don't issue pre-approvals, promise approval, publish invented customer counts or reviews, or sell your details. The old version of this site said "instant pre-approval"; that's gone, because a real pre-approval means a lender has checked your credit and documents.
Who runs it?
MortgagePreApprovals.ca is part of MITEY, a Canadian network of free financial calculators and plain-language guides. Our sister site MortgagePreApproval.ca has a deeper guide library on qualifying. Mitey, the young yeti you see around the site, is our guide character: he points you to the next useful step, never to a product.
How do we check facts?
- Primary sources. The stress test from OSFI and the Department of Finance; GDS/TDS and premiums from CMHC; pre-approval facts from the FCAC and nine lenders' own pages; self-employed and newcomer programmes from CMHC, Sagen and Canada Guaranty. Each page lists sources and the date we checked them.
- Typical practice is labelled. Where something is common lender practice rather than a rule (90 days of statements, probation), we say so.
How is the site paid for?
The site is free. If you ask through the contact form, a person from the MITEY network team will reply; that is the only way your details reach anyone. We don't sell leads and we don't receive what you type into the calculators.
Contact
Use the contact form or email hello@mitey.ca. If a rule has changed, tell us and we'll check the source.