Which Credit Score Matters Most for Mortgages in Canada

Which Credit Score Matters Most for Mortgages in Canada

Not all scores are created equal! Banks look at the score that best predicts your ability to repay your mortgage. Usually, this is the Equifax or TransUnion score, depending on the lender.

Think of it like a popularity contest: only the most important score counts, and yes, you want to be the prom queen.

Tips for improving the score that matters:

  • Check your report for errors—sometimes it’s like finding a typo in your Hogwarts letter.

  • Pay off small debts first—they count more than you think.

  • Keep old accounts open to show financial history—don’t be the person who deletes every email ever.

A higher score = better rates, lower down payments, and fewer surprises.

Follow our blog for entertaining, practical advice on improving your credit and mortgage options!

Informational purposes only. Mortgage approval varies by lender. Consult a licensed financial advisor.

Location: Mayfair, Calgary, AB T2V, Canada

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