New to Canada Mortgage

As a newcomer to Canada, there are many specialized options available to you on the Canadian mortgage market. Today's Mortgage Choice can help you explore mortgages in your best interests, and we’ll pair you with a mortgage product that most suits your needs.

If you’re considering becoming a homeowner in Canada, get in touch with us now at (888) 418-6979 for more information on how to proceed.

What Is a New to Canada Mortgage?

Our team makes it simpler for newcomers to Canada to access the housing market by introducing them to specialized mortgage products. Individuals and families may have a better chance of buying their first home thanks to generous mortgage loans with increased flexibility. We’ll connect you to trustworthy lenders offering incredible loan-to-value ratios and lower interest rate options.

Who Is Considered a Newcomer to Canada?

At Today's Mortgage Choice, we can help you understand whether you qualify for a New to Canada mortgage. To be eligible, you must have:

  • Immigrated or relocated to Canada within the last 5 years
  • Proof of permanent residency status
  • Minimum 3 months full-time employment in Canada
  • Good financial standing
  • Letter of reference

Set up a consultation with our mortgage brokers, and we’ll confirm your eligibility.

Can a New Immigrant Buy a House?

Whether you’ve recently immigrated to Canada, or you’ve been in the country for a few years, there are many home ownerships options available to you. Even with minimal employment history and limited established credit, as a new Canadian, you may qualify for the following:

  • Up to 95% loan-to-value ratio
  • Minimal down payment
  • A broad range of mortgage types
  • … and more!

Regardless of the type of mortgage, you’re looking for our team can introduce you to a variety of lenders offering affordable mortgage rates and flexible interest options.

Find the right mortgage to achieve your goals by giving us a call today.

Can a Permanent Resident Get a Mortgage in Canada?

In Canada, a permanent resident can secure a mortgage without any trouble. However, there are special mortgage programs designed explicitly for Canadian immigrants who have received confirmation of their permanent residence from the IRCC (Immigration, Refugees, and Citizenship Canada).

Are There Incentives Available for Individuals New to Canada?

Depending on your income, assets, and debts, there are several varying incentives in place to encourage Canadian newcomers to enter the housing market. These incentives include lower mortgage rates and increased financial assistance to be able to purchase a property.

Our mortgage brokers will help you find the right options for your situation in comparing different lenders and mortgage plans. We want to assist you in making an informed decision on your mortgage, all while taking advantage of the benefits available to you.

Explore Your New to Canada Mortgage Options

If you’re new to the country, you may be eligible for specialized New to Canada mortgage plans.

To learn more about the mortgage options available to you, contact us now at (888) 418-6979. We’ll schedule a no-obligation consultation at the earliest convenience and help you become a homeowner.