Mortgages for people new to Canada are specifically designed to assist newcomers in understanding the Canadian real estate market and associated costs. This includes providing information about closing costs and adjustment costs that are typically involved in purchasing a property.

One of the main advantages of getting a mortgage as a newcomer is the opportunity to build equity, rather than paying rent. By owning a property, newcomers can benefit from their employment and credit sources, which can contribute to their overall financial stability and growth.

For newcomers looking for higher loan amounts, such as over $1 million, there are mortgage options available. These options usually require a minimum down payment of 20%, which should be saved in advance. However, there is also flexibility in down payment requirements, with the possibility of as little as 5% down payment. Our team can guide newcomers through the homebuyer incentive programs and down payment assistance options that might be available to them.

We have access to all of Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers. This allows us to offer custom-tailored mortgage products that suit the specific needs of newcomers. Even if a newcomer doesn't qualify for a mortgage at their bank due to limited credit or employment history, we can still find options with the best rates.

To ensure an efficient and smooth first-time home buying experience, we provide access to innovative tools that are available in Canada. These tools can help newcomers navigate the process of buying a home and make informed decisions. Our goal is to make the transition into the Canadian real estate market as seamless as possible for newcomers, providing them with the resources and support they need to make their dream of owning a home a reality.