In general, when buying a home, the following documentation will usually be required by most lenders:

  • If it's a resale home, a copy of the listing (MLS)
  • If it's a new home, a copy of your agreement with the builder, including the survey, any building drawings and sketches
  • Copy of duly accepted Agreement of Purchase and Sale
  • Up-to-date survey of the property
  • Salary letter from your employer (View basic example)
  • Copy of last 3 years' T-4 receipts issued from your employer and/or copies of "Notice of Assessment" issued by Revenue Canada
  • Copy of latest 2 "Pay-stubs"
  • Three years' financial statements and income tax-returns (T-1 General) for self-employed applicants
  • Inventory of assets and liabilities (with monthly payments)
  • If you're buying a condominium, financial statements of the condominium corporation
  • Proof that the downpayment is from your own funds and not borrowed, such as gift letters, bank statements, term-deposit/GIC statements

Having the applicable documentation listed above ready for your meeting with your mortgage consultant, will drastically save time at a later date, and may clear up any unanswered situations up front.