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Stated income mortgages for self-employed borrowers in Vancouver, Surrey, Victoria and across BC. Qualify on business income, not just your T1.
The short answer
In British Columbia, a stated income mortgage helps self-employed borrowers qualify on documented business revenue rather than net taxable income. With high property values across Metro Vancouver and the Island, the difference in qualifying income often decides whether a purchase is possible at all.
In higher-priced markets, the gap between net taxable income and real business earnings translates directly into hundreds of thousands of dollars of purchasing power.
Many BC purchases are strata properties, which means depreciation reports and strata documents form part of the lender's decision alongside your income.
Creative freelancers, consultants, realtors, trades and rideshare drivers all sit outside standard payroll verification, and all fit the same documentation approach.
Illustrative case studies
Incorporated renovation contractor, 6 years in business
A British Columbia buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $605,472 in mortgage capacity on stated income, versus about $276,024 on the net figure alone.
Commission-only realtor, 4 years licensed
A British Columbia buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $636,636 in mortgage capacity on stated income, versus about $316,092 on the net figure alone.
Sole-proprietor IT consultant on long-term contracts
A British Columbia buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $607,698 in mortgage capacity on stated income, versus about $258,216 on the net figure alone.
For demonstration purposes only. These case studies are hypothetical examples created to show how stated income calculations work. They are not real clients, not guarantees, and not an offer of credit. Actual qualifying income, rates and approvals depend on the lender, your documentation, credit profile, down payment and the property.
Each guide covers how stated income lending works in that market.
Not on the list? We work throughout the province — including rural and small-town purchases.
311 cities, towns and communities across British Columbia. Each page explains how stated income lending works in that market.
Yes. The income approach is independent of property type, though strata properties involve additional document review by the lender.
Not as a rule. A co-signer is one option if the file needs strengthening, but many self-employed borrowers qualify on their own business income.
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.