Mortgages for Newcomers to Canada
New to Canada and worried a limited credit history will hold you back? Several lenders offer newcomer mortgage programs designed specifically for your situation.
What Newcomer Programs Offer
- Down payments as low as 5% for permanent residents, with programs available for some work permit holders
- Alternative credit history — international credit reports, employment letters, and bank statements can supplement a limited Canadian credit file
- Flexible income verification for those recently starting Canadian employment
What You'll Typically Need
- Proof of status in Canada (PR card, work permit, or citizenship)
- Proof of employment or income
- International credit reference, where available
Frequently Asked Questions
Possibly, depending on your status and lender program — let's talk through your specific situation.
New to Canada and Ready to Buy?
Book a free call and let's find the newcomer program that fits your situation.