New to Canada program is designed to help those who have recently relocated or immigrated to Canada purchase a home sooner with as little as 5% down payment. This means homebuyers can borrow up to 95% loan-to-value (LTV). 

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How to qualify for New to Canada Mortgage program:​

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You may be eligible to buy a primary residence home in Canada if you:

• are a permanent resident

• hold a valid work permit and have permission to work in Canada (other details may apply)

• are a refugee or temporary worker (other details may apply)

• relocated or immigrated to Canada within the last 5 years

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How much down payment is required for New to Canada mortgage?

• Minimum 5% from your own savings, RRSP, non-repayable gift from a close family member or legal relationship. (other sources may be acceptable)

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What else is required?

• Confirmation of employment and income 

• Confirmation of good credit (does not have to be Canadian credit history)

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Is New to Canada Mortgage a right fit for me?

If you have recently moved to Canada and want access to homeownership without a long established credit history in Canada, this is a great option to help you become a homeowner.​

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New to Canada Mortgage has fixed, variable and adjustable rates. 

Connect with us today to see if this is the program for you!