In the absence of unemployment insurance payments, a W-2 employee’s income will plummet to zero in a blink of an eye if they lose their job. Self-employed people frequently have several clients and are unlikely to lose all of them at once, providing them with more job security than is often assumed.
Self-employed people are used to working extra hours to complete more tax forms, obtain company permits, find new clients, and keep their businesses going. They can also find ways to qualify for a mortgage with a little research and perseverance.
Do you want to know more about mortgages for the self-employed residing in Canada? Feel free to reach us out and we’ll be glad to help you out. We serve clients in Toronto, North York, Scarborough, Pickering, Oshawa, Ajax, Whitby, Etobicoke, Thornhill, Richmond Hill, Markham, Stouffville, Uxbridge, Vaughan, Concord, Woodbridge, Mississauga, Oakville, King City, Caledon, Nobleton, Milton, Aurora, Newmarket, East Gwillimbury, Keswick, Bradford, New Tecumseth, Georgina, Innisville, Guelph, Barrie, Ottawa, Orangeville, Collingwood, Kitchener, Hamilton, Cambridge, Waterloo, St. Catharines, Niagara Falls, London, Peterborough, and Ontario.