Untitled design (22)
New To Canada Mortgage

If you immigrated to Canada within last 5 years, you can easily qualify for the mortgage of your house under new to Canada program. The process is very simple with only few requirements.

Income & Employment

  • Standard income and employment verification requirements apply
  • 3 months minimum full time employment in Canada

Documentation / Information Requirements*:

All LTV’s
  • Valid work permit or verification of landed immigrant status
  • Income Confirmation (Letter of Employment & Pay Stub)
  • Down payment confirmation (Bank Statements)
5% Down Payment
  • Two (2) alternative sources of credit demonstrating timely payments (no arrears) for the past 12 months. The two alternative sources required are:
    • Rental payment history confirmed via letter from landlord and bank statements **
    • One other alternative source (hydro/utilities, telephone, cable, cell phone and auto insurance) to be confirmed via letter from the service provider or 12 months billing statements
10% Down Payment
  • Six (6) months of bank statements from primary account

**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

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