Mortgages are available for people who are new to Canada, aimed at helping them navigate the country's real estate market and associated costs. This includes understanding expenses such as closing costs and adjustment costs, which can be significant factors for those unfamiliar with the process. By opting for a mortgage, newcomers have the opportunity to build equity in a property rather than continuously paying rent. This allows them to benefit from stable employment and establish a credit history in Canada.

For newcomers interested in purchasing a home with a higher loan amount (over $1 million), there are mortgage options available that require a minimum of a 20% down payment. However, for those who may not have saved up that amount, there are also options that allow for a down payment as low as 5%, providing more flexibility for individuals who may be just starting to establish themselves in Canada. Additionally, we can provide information on homebuyer incentive programs and down payment assistance options that may be available to help make the home buying process more accessible.

Our services also extend to those who may not qualify for a mortgage through traditional means, such as limited credit history or employment background. With access to a range of lenders in Canada - including major banks, mortgage finance companies, credit unions, and alternative financiers - we can create a custom-tailored mortgage product that fits the specific needs of each client. This ensures that newcomers can secure the best rates available, even if they encounter challenges when seeking financing from their primary bank.

By utilizing innovative tools and resources available in Canada, we aim to provide newcomers with an efficient and seamless first-time home buying experience. These tools can help streamline the process, making it easier for individuals who may be unfamiliar with the Canadian real estate market to navigate the complexities of purchasing a home.