Getting a mortgage in Canada isn’t what it used to be. Between tighter stress test rules, rising home prices, and stricter bank lending criteria, more Canadians are hearing the dreaded word: “Denied.”
But here’s the good news: being denied by a bank doesn’t mean you’re out of options. In fact, more Canadians than ever are securing homes and investment properties through alternative lending partners like Cannect.
Why Are Banks Saying No in 2025?
Traditional lenders have become more risk-averse. The result? Even creditworthy borrowers are being shut out. Common reasons for a bank denial:
- You’re self-employed, or your income isn’t “traditional”
- Your credit score isn’t perfect
- You recently changed jobs or started a new business
- You’re carrying more debt than lenders like
- You don’t meet the federal stress test despite affording the payments
The system isn’t built for flexibility, but that’s exactly where Cannect comes in.
Yes, You Can Still Qualify for a Mortgage
At Cannect, we believe that a “no” from a bank should be the start of the conversation, not the end.
We offer alternative mortgage solutions that consider your real story, not just your credit score. Whether you’re a small business owner, gig worker, new Canadian, or investor with multiple properties, we can match you with a lending strategy that works.
What we look at instead:
- Realistic income assessments
- Property equity
- Your future earning potential
- Your repayment ability, not just your paper trail
Tip: Consider a Home Equity Loan
Already own property? You might be able to tap into your home equity to consolidate debt, renovate, or invest in another property.
Cannect offers home equity loans with lower rates than most credit cards—and unlike the banks, we can approve you even if your financial picture isn’t perfect.
The Future of Mortgage Lending Is Personalized
Gone are the days when a single bank decision determined your financial future. In 2025, Canadians are exploring personalized mortgage options that fit them, not the other way around.
Why Work With Cannect for Your Mortgage?
- We’ve helped thousands of Canadians get approved when the banks said no
- We offer some of Canada’s lowest 5-year fixed and variable mortgage rates
- We lend our own money through our Mortgage Investment Corporation (MIC)
- You get honest advice, not just a sales pitch
Let’s Talk
If you’ve been denied a mortgage or want to avoid that happening, talk to us first. We’ll review your options and help you build a mortgage plan that works for your goals, not just the bank’s checklist.
Get a free consultation at 416-766-9000 or Apply Online to get started.
Watch our Make Money Count videos for smart strategies you won’t hear from the banks.
