Changing Jobs Before Applying for a Mortgage in Canada

Yes, you can change jobs before applying for a mortgage, but it can affect your approval. Lenders prefer stable, continuous income and may see job changes as a risk.

What to Keep in Mind:

• Employment History: Most lenders want 2 years in the same field. A similar job or promotion is fine, but frequent changes or switching industries may raise concerns.

• Probation Periods: Lenders may not approve mortgages if you're still in a probationary period.

• Job Type: Moving to contract, part-time, or self-employed work can complicate your application and may require more documentation.

• Required Documents: You’ll need a job letter, pay stubs, and possibly a Letter of Employment .

• Impact: A job change can reduce or increase your approval amount depending on the role and salary. Timing matters—avoid switching jobs during the application process if possible.

Tips:

• Try to stay in the same industry.

• Talk to a mortgage broker before making employment changes.