Own your home in canada

New to Canada Mortgage Solutions

I can help you realize your dream of home ownership with our New to Canada Mortgage program. I have the right solutions available to my permanent and non permanent residents.

Newcomers can purchase a home with as little as 5% insured financing or as much as 35-50% down depending on the program.

Purchase transactions: 95% LTV

Property value ≤ $500,000 – 5% down payment required
Property value > $500,000 and < $1,000,000 – 5% down payment required up to $500,000, with an additional 10% down payment on the portion of the home value above $500,000

New to Canada Home Purchase Seminar

We hold in person seminars as well as webinars for the New to Canada program. Please inquire below to sign up for either a group presentation or individual presentation.

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Permanent Resident (No employment)

Qualified immigrants who have relocated to and established residency in Canada within the last 5 years and have no derogatory Canadian credit history

Applicants who have a good down payment (own resources) and net worth

Borrower Qualifications

Mortgage application must be within 5 years of the date the applicant arrived in Canada
Borrower must have obtained landed immigrant status
Not available to diplomats or any other foreign political-appointed individuals who do not pay income tax in Canada

Maximum Loan to Value Ratio

65%

Offshore assets being used for the down payment must be on deposit with a Canadian financial institution at least 30 days before the closing date

Borrower Documentation Requirements

Verification of landed immigrant status, provided by one of the following:

A document in the applicant’s name, issued by Citizenship and Immigration Canada, which bears an official stamp and identifies an entry date within the last 3 years, such as Immigrant Visa and Record of Landing (IMM1000) or Confirmation of Permanent Residence Form (IMM 5292/IMM 5688),
A Permanent Resident Card (PRC)
Copies of both a valid immigration visa, plus evidence that the customer’s Application for Permanent Residence in Canada (IMM008) has been approved

documents required

Documentation/Information Requirements

Valid work permit or verification of landed immigrant status
Income confirmation
Down payment confirmation
Letter of reference from a recognized financial institution

OR

Six months of bank statement from primary account
International Credit report

OR

Two alternative sources of credit demonstrating timely payments (no arrears) for past 12 months

The two alternative sources required are:

Rental payment history confirmed via letter from landlord and bank statement
12 months bill payment hydro/utilities/telephone/cable/cell phone/auto insurance