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.