Mortgage services in Markham
We map out your down payment using the FHSA, the RRSP Home Buyers' Plan and Ontario's land transfer tax refund, then compare insured rates from many lenders so your first home in Markham starts on the right payment.
Your renewal letter is a starting offer, not the final word. We shop your Markham renewal with other lenders 120 days before maturity, and switching at renewal usually needs no new stress test for a straight switch.
Pull equity out of your Markham home for renovations, debt consolidation or an investment, up to 80% of the home's value. We weigh the penalty to break your current mortgage against the savings before you commit.
Contractors, trades, tech consultants and small business owners in Markham often show low taxable income on paper. We work with lenders that look at business revenue, bank statements and two-year averages.
Newcomers working at Markham-area universities, hospitals and tech firms can qualify with limited Canadian credit history. Some programs allow 5% down with a job offer and work permit.
Student rentals near campus, duplexes and legal secondary suites are common in Markham. We structure rental income, down payment and lender choice so one property does not block the next.
A home equity line of credit gives Markham homeowners flexible access to up to 65% of their home's value as a revolving line, with interest charged only on what you use.
Bruised credit, a consumer proposal or unusual income does not have to stop you. We arrange short-term private and alternative (B-lender) mortgages in Markham with a clear plan to move back to a bank rate. Broker fees apply and are disclosed upfront.
Mixed-use buildings, small multi-residential, industrial units and owner-occupied business premises across Markham and Waterloo Region.
Markham neighbourhoods and what they mean for your mortgage
Downtown Markham & Highway 7 corridor
Condos close to the VIVA rapid transit line and the tech campuses along Highway 7 attract young professionals. Condo purchases need a review of fees and the status certificate, which lenders factor into your debt ratios.
Unionville
Heritage Main Street and well-regarded schools make Unionville a premium market. Higher purchase prices mean many buyers here put 20% or more down to avoid mortgage insurance, which opens up different lender options and amortizations.
Cornell & Wismer
Newer master-planned communities with townhomes and detached homes appeal to young families. New-build closings often need longer rate holds and planning for closing adjustments.
Milliken & Armadale
Established neighbourhoods on the Toronto border with strong multi-generational households. Co-borrowing and gifted down payments from family are common, and lenders have specific rules for documenting gifts.
Thornhill (Markham side)
Mature homes on larger lots, many due for renovation. A refinance or HELOC is often used to fund updates or help children with their own down payments.
The Markham market
Markham is one of Canada's largest technology hubs and one of the most culturally diverse cities in the country. Its housing mix leans toward detached and townhome family housing, with a growing condo market along the transit corridors.
For current local prices and sales activity, the most reliable source is the Toronto Regional Real Estate Board (TRREB), which publishes monthly market reports by municipality and community. We use that data, not guesses, when we talk about local prices with clients.
Many Markham buyers receive gifted down payments from family, including funds from overseas. Lenders require a signed gift letter and a clear paper trail showing the money arriving in your Canadian account, so we start documenting this early to avoid delays at approval.
Local employers and your income
Markham borrowers commonly work in technology, engineering, finance and insurance, health care at Markham Stouffville Hospital, and many run small businesses. Stock compensation and RSUs, foreign income and recent arrivals are treated differently by each lender, and choosing the right one can change approval outcomes.
How working with Jay works
- A free 30-minute call to understand your goals, timeline and budget.
- One secure application. We review your credit and documents once.
- We compare lenders and send you a written side-by-side of rate, prepayment options and penalties.
- Pre-approval with a rate hold, then full approval once you have an accepted offer.
- We coordinate the lender, appraisal and your lawyer through to closing, then review your mortgage again before renewal.
Area served
Markham mortgage FAQs
Does it cost anything to use a mortgage broker?
For most standard residential mortgages with good credit, there is no fee to you; the lender pays the broker. Private and some alternative mortgages carry a broker fee that is always disclosed in writing before you commit.
Can my parents gift me the down payment?
Yes. Gifts from immediate family are accepted by most lenders with a signed gift letter and proof the funds are in your account before closing. Funds from abroad need a clear transfer trail.
Do RSUs or stock options count as income?
Some lenders count vested RSUs with a history of payouts; others do not. We match you with a lender whose policy fits your compensation.
Is a 30-year amortization available?
Yes, for conventional mortgages with 20% or more down, and for eligible insured first-time buyers and new builds under current federal rules. A longer amortization lowers the payment but increases total interest.
Should I choose fixed or variable?
It depends on your budget, risk comfort and plans. We compare both on the same mortgage amount and walk through the penalty rules for each before you decide.
Can you help newcomers buy in Markham?
Yes. Newcomer programs can allow purchases with limited Canadian credit history, provided you have a job, proof of status and documented down payment funds.
Markham mortgage guides
More guides coming soon
Also serving: Toronto · Mississauga · Brampton · Vaughan · Oakville · Kitchener · Waterloo · Cambridge · Guelph
Straight answers, no cost and no obligation for most standard mortgages.
Mortgage Kraft · Affinity Mortgage Solutions Inc., Brokerage #13093 · Jay Shah, Licensed Mortgage Broker, Lic. #M22002236 · Rates and examples OAC, subject to change. Not financial advice.
