Welcome to an exciting opportunity in Canada’s welcoming landscape: the New to Canada Mortgage program. This initiative offers a golden chance for newcomers to Canada to own a piece of this beautiful country. The prospect of purchasing real estate in Canada may seem daunting, but let’s explore how this program simplifies the process for those who have recently made Canada their new home.

The New to Canada Mortgage program is specifically tailored for individuals who have recently moved to Canada. Traditional mortgage applications can be challenging, often requiring extensive credit history and stable income proof. However, this program is designed to ease these requirements, making home ownership more accessible for newcomers.  For a more through review of buying a home refer to our guide for first time homebuyers.

To qualify for this program, you should meet the following criteria:

• Residency in Canada for less than five years.
• A minimum down payment of 5% of the home’s value, which could be 10% in certain scenarios.
• Regardless of whether your residency status is permanent or non-permanent, you are eligible to apply.
• A minimum of three months of full-time employment in Canada.

The New to Canada Mortgage program is an excellent pathway for newcomers to settle into Canadian life with the security and pride of home ownership. It is designed to guide you through the complexities of the real estate market with ease.

For personalized guidance or to assess your eligibility for these programs, feel free to reach out. I, Marshall Tully, am here to assist you in your pursuit of owning a home in Canada. Let’s turn your dream of a Canadian home into a reality.

Connect with Marshall Tully today.