Find the Best Mortgage for You

Whether it’s your first mortgage, a new build mortgage, or you need a fresh start, you’ll find what you’re looking for!

Find the Best Mortgage for You

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Get up to $3,000* cash back!

  • Buying your first home? 
  • Moving a mortgage to us? 
  • Purchasing your next home?

Get cash back today!


Why get a mortgage with Innovation?

Earn profit-sharing cash

Enjoy competitive mortgage rates

Be debit-free faster

Choose from flexible mortgage options

Enjoy cashback offers

Get speedy approvals



Choose Your Perfect Mortgage

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Get Your First Mortgage

  • Save thousands with the first-time home buyer incentive.
  • Earn profit-sharing cash.
  • Enjoy an easy process with helpful advisors.
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Explore a Home Equity Line of Credit (HELOC)

  • Access cash when you need it.
  • Pay off high interest debt.
  • Earn tax deductions for home renovations.
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Get Your Next Home

  • Discover fast approvals.
  • Enjoy flexible options and fantastic rates.
  • Earn profit-sharing cash.
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Try a Fresh Start Mortgage

  • Enjoy lower credit score requirements.
  • Qualify even if you're self-employed or new to Canada.
  • Discover helpful advisors who make borrowing simple.
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Get a New Build Mortgage

  • Enjoy fantastic rates that save you money.
  • Get the funds you need exactly when you need them.
  • Earn profit-sharing cash.

Already have a mortgage?

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Transfer to Us

Discover fast approvals, flexible options, great rates, and cash dividends for banking with us.

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Renew Your Innovation Mortgage

Continue enjoying great rates, profit sharing cash dividends, friendly advice, and flexible pay-down options.


Explore Our Rates

Type Length Rate APR
Open Variable5 Years9.250%*9.277%*
Closed Variable5 Years6.700%*6.727%*
Type Length Rate APR
Closed Fixed 5 Years (Uninsured)4.940%*4.967%*
Closed Fixed 5 Years (Insured)*4.840%*4.867%*

To qualify for the 5-year insured closed fixed special mortgage rate, mortgages must be insured by a guarantee company such as Canada Mortgage and Housing Corporation, Sagen™ (formerly known as Genworth Canada). Special pricing is only available on residential mortgages with payment frequencies of weekly, bi-weekly, semi-monthly and monthly. Mortgages greater than $1 million, refinances, or for rural locations such as acreages are not eligible for special residential mortgage rates.


Special Rate Mortgage
Residential Mortgages with the following characteristics are not eligible for the special residential mortgage rates:

  1. The mortgage has a purchase price or as-improved property value greater than or equal to $1 million or
  2. The mortgage is a refinance of a current Innovation mortgage, or
  3. The mortgage is for an acreage or home quarter and qualifies for residential mortgage pricing, or
  4. The mortgage’s amortization is greater than 25 years.
  5. The mortgage is for a single unit rental property.



Looking for a mortgage pre-approval?

Submit your contact information and you'll hear from one of our mortgage specialists soon!

Am I eligible for a mortgage?

To apply:

You must be a Canadian resident.
You must be 18 years of age or older.

Join the 65,000+ Canadians who bank with us!



Compare your mortgage options:



Frequently Asked Questions

Checklist : When applying for a mortgage, we'll need some documents and information. Here’s our mortgage application checklist (pdf).

Residential Mortgage Security: When you borrow money to buy a house, we require security in the form of real property (pdf).

Mortgage Default Insurance: As per legislation, we can only lend up to 80% of the purchase price or value of your new home. If you have less than 20% for a down payment, you'll need mortgage default insurance (pdf).

A protection plan provides peace of mind for you and your loved ones. During a tough time, you can focus on your family. We'll focus on protecting you from financial loss.

With an insured mortgage, if you are unable to make your mortgage payments, CUMIS, our reputable insurance company, will make the payments for you. You can apply for a variety of insurance types for your mortgage: disability, life, loss of employment, or critical illness. So, for example, if you lost your job and had loss of employment insurance on your mortgage, CUMIS would make your mortgage payments until you found a job again (up to maximum time noted in your policy). You wouldn’t have to worry about losing your home during such a difficult time.

If you need help choosing a mortgage, try our mortgage selection tool! It's a great starting point to find your best mortgage option. You can also reach out to us for help at 1.866.446.7001.

Need more help choosing your mortgage?

Try our mortgage selection tool!

Learn more about your mortgage options on the Financial Consumer Agency of Canada's (FCAC) website.