If you are new to Canada and looking to navigate the Canadian real estate market, we are here to assist you. We understand that as a newcomer, it can be challenging to comprehend the ins and outs of buying a home in Canada, including the associated costs such as closing costs and adjustment costs. Our goal is to provide you with the necessary information and guidance to better understand these costs and make informed decisions.

One of the most significant advantages of owning a home in Canada is building equity rather than paying rent. By purchasing a property, you can take advantage of your employment and credit sources to establish equity. We can help you find the best mortgage rates and options suited for newcomers who are looking to borrow higher loan amounts, such as over $1 million, with at least a 20% down payment already saved. Additionally, we provide flexibility on down payments, allowing you to put as little as 5% down.

At Mortgages for People New to Canada, we pride ourselves on accessibility and unique financing options. We have access to all of Canada's top lenders, including major banks, mortgage finance companies, credit unions, and alternative lenders. This allows us to design a custom-tailored mortgage product that fits your specific needs and locks in at the best rate possible. Even if you are unable to qualify for a mortgage at your bank due to limited credit or employment history, we will work with you to find a suitable alternative.

Moreover, we offer access to innovative tools in Canada to streamline your first-time home buying experience. Our objective is to make the process as efficient and seamless as possible, guiding you every step of the way. Whether it's explaining homebuyer incentive programs or assisting with down payment assistance options, we are committed to ensuring that you have a clear understanding of the resources available to you.

In conclusion, if you are a newcomer to Canada seeking a mortgage, we are here to assist you in understanding the Canadian real estate market, finding the best rates and options, and providing you with the tools and resources for a successful first-time home buying experience.