Question: what are the different types of mortgages in canada?
Answer: Conventional / Low Ratio Mortgages. A mortgage where the down payment is equal to 20% or more of the property's value/purchase price. ...  High Ratio Mortgages. ...  Open Mortgages. ...  Closed Mortgages. ...  Fixed Rate Mortgages. ...  Variable Rate Mortgages (VRM) / Adjustable Rate Mortgages (ARM) ...  Home equity lines of credit (HELOC) ...  Key points.