In some cases, Yes, depending on a number of points, you can qualify for a mortgage even with bad credit. Normally if you have 25% or more as a down payment or in equity you can get a mortgage regardless of your credit rating. You will pay for this privilege with an increased interest rate but you will have your mortgage.
You can also qualify for a high ratio mortgage with damaged credit. There are a couple companies that will provide mortgages to people with as little as 10% down payment Even with damaged credit, the worse your credit the higher the interest rate.
After 20 years in the Canadian mortgage business I have written 3 books on the 3 areas that I find my clients ask me about the most. Each book is Free in a digital format or you can order a printed copy at www. Amazon.com or www.Amazon.ca. The books are designed to answer your questions and concerns. You can also contact me with any questions you may have. Please click on the book you want below.