Newcomers to Canada are often faced with the challenge of understanding the real estate market and associated costs such as closing costs and adjustment costs. However, there is an opportunity for newcomers to build equity rather than pay rent, by taking advantage of their employment and credit sources.

For newcomers looking to purchase a home in Canada, it is important to find the best rates and mortgage options available. This includes options for higher loan amounts, with at least a 20% down payment saved. However, there are also more flexible options available, with down payments as little as 5% down. We can provide guidance on homebuyer incentive programs and down payment assistance options that may be available to help newcomers achieve their goal of homeownership.

With access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, we can help newcomers design a custom-tailored mortgage product that fits their needs and locks in at the best rate possible. This is beneficial even for those who may not qualify at traditional banks due to limited credit or employment history.

In Canada, there are innovative tools available to assist first-time home buyers in navigating the home buying process efficiently. By leveraging these tools and our expertise, newcomers can have a positive experience when purchasing their first home in Canada.