Mortgages for People New to Canada

For newcomers to Canada, understanding the Canadian real estate market and associated costs can be daunting. However, we are here to assist you every step of the way. Our aim is to help you navigate through the complexities and provide clarity on the various costs involved, such as closing costs and adjustment costs.

One major advantage of obtaining a mortgage instead of renting is the opportunity to build equity. By becoming a homeowner, you can benefit from the appreciation of your property and establish a valuable asset for the future. Additionally, having a mortgage can be advantageous when it comes to employment and credit sources, as it demonstrates financial stability.

We understand that some newcomers may require higher loan amounts. If you are looking for a mortgage over $1 million, we can help you find the best rates and options available. To secure such a loan, it is typically necessary to have at least a 20% down payment saved. However, if you have less than 20% saved, we can explore more flexible options that require as little as 5% down.

Furthermore, we will provide guidance on homebuyer incentive programs and down payment assistance options. These programs are designed to assist individuals in their journey towards homeownership, providing financial support and incentives to make the process more accessible.

No matter your circumstances, we have access to all of Canada's top lenders, such as large banks, mortgage finance companies, credit unions, and alternative financers. This wide network allows us to design a custom-tailored mortgage product that suits your specific needs. Even if you don't qualify for a mortgage at your bank due to limited credit or employment history, we can still secure the best rate for you.

Lastly, we provide access to innovative tools that are designed to streamline the first-time home buying experience. We understand that this may be your first venture into the real estate market, and we are committed to making the process as efficient and straightforward as possible.

With our expertise and resources, you can confidently embark on your journey to homeownership in Canada. We are here to support you every step of the way and ensure that you have a positive and successful experience.