The New to Canada 🇨🇦 program is designed for individuals who have recently moved to Canada and are looking to purchase a home. These mortgages are specifically tailored to help newcomers of Canada overcome challenges they may face with obtaining a mortgage due to their lack of credit history, employment history, or Canadian residency status.
To qualify for a new to Canada mortgage, applicants will need to provide proof of their status, such as a work visa or permanent residency documents. They will also need to meet certain income and credit requirements, which vary depending on the lender. It’s important to speak to a lawyer early on to determine the foreign taxes you may be subject to when purchasing property as a non resident.
New to Canada mortgages can be a great option for those who are new to the country and looking to purchase a home. With flexible down payment and income options, these mortgages can help make the dream of homeownership a reality for newcomers to Canada.🏡
If you’re New to Canada and are wondering if you qualify, send me a DM “New to Canada”, and let’s find out! ✨
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