Mortgages for People New to Canada are specifically designed to assist newcomers in understanding the Canadian real estate market and the costs associated with purchasing a property. This includes educating them on closing costs and adjustment costs, ensuring they have a comprehensive understanding of all expenses involved.

One of the key benefits of these mortgages is the opportunity to build equity rather than continuing to pay rent. Newcomers can take advantage of their employment and credit sources to establish a strong financial foundation and make the most of their investment in Canadian real estate.

For those looking to borrow higher loan amounts (over $1 million), there are mortgage options available with a minimum down payment of 20%. Additionally, there is more flexibility in the down payment requirement, with the possibility of as little as 5% down. Our team can guide newcomers through the process and explain the various homebuyer incentive programs and down payment assistance options that may be available to them.

By having access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, we can create a custom-tailored mortgage product that suits the individual needs of each client. This includes securing the best interest rate available, even for those who may not qualify for a mortgage through their bank due to limited credit history or employment background.

To facilitate a seamless first-time home buying experience, our clients have access to innovative tools that are designed to simplify the process. This ensures that newcomers can navigate the Canadian real estate market efficiently and make informed decisions when purchasing their first property.