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New To Canada

New To Canada

If you are newcomer to Canada, you are eligible to purchase a home. People who have immigrated to Canada within the last five years and have received confirmation of Permanent Residence from Immigration, Refugees, and Citizenship Canada (IRCC), do qualify. 

We understand that newcomers have unique housing needs, and we’ll make sure that you get the ideal home and that is tailored according to your needs. 

We have helped many new Canadians purchase their first homes and settle in to their new Northwest Brampton community.

The Requirements for New Canadians to get a Mortgage

The Requirements for New Canadians to get a Mortgage

The first thing which makes you eligible for qualifying for a mortgage is building your credit. If you have a strong credit score, then you won’t only qualify for a mortgage, but many A-Level lenders will be willing to lend you the funds at best possible interest rate. The mortgage rate is the one thing that directly impacts your finances for a long time. Therefore, even the smallest decrease in the interest rate can save you thousands of dollars over the period of your mortgage.

Now you must be wondering how to build a strong credit score – well, it isn’t that simple but to get you started, you can do the following:

The good news for new Canadians

You don’t need to worry if you don’t have a credit history of Canada; Commonwealth credit ratings with the United Kingdom, United States or Australia can also be used in Canada. Most lenders will consider this information while accessing your credit score. But if you don’t have a steady Canadian credit history, then you will need a few additional documents.

Down payments

Credit rating isn’t the only thing you’ll need to purchase a home in Canada; you will also need a down payment. You will have to pay at least 5% of the price of your home. 

People with permanent resident status will need a minimum of 5% towards their down payments, and a non-permanent resident will need a minimum of 10%. We believe that every new Canadian should know basic information such as this as it pertains to home ownership.

We are multilingual. We can help you relocate your family to Northwest Brampton seamlessly. We will be by your side every step of the way. From connecting you with lenders to finding and closing your dream home.

If You Are New To Canada and are looking for a new place to call home CONTACT US TODAY.