Moving To Canada, Is It Possible To Get A Home Mortgage?

Shorebreak
Shorebreak   |     |   4,118 posts since 2010

With proper documentation purchasing a home in Canada doesn't appear to be a problem for newcomers.

Buying Your first Home in Canada

What Newcomers Need to Know

http://www.cmhc-schl.gc.ca/odpub/pdf/66144.pdf

Comparing Canada and U.S. Housing Finance Systems

http://www.cmhc-schl.gc.ca/en/corp/nero/jufa/jufa_018.cfm

Canada's Only Independent Mortgage Website

http://www.whichmortgage.ca/




jacksonE
jacksonE   |     |   1 posts since 2016
Purchasing a new home and getting a mortgage as a newcomer to Canada is not difficult. Having a higher amount of down payment makes the application much easier. I would suggest contacting a mortgage broker, as they will be able to find a mortgage that suits your financial needs. There are a few popular brokers in Canada; Brevity Capital, Northwood Mortgage, and Sherwood Mortgage Group.

I hope you get the right deal.
Good Luck,
Jackson
willy12
willy12   |     |   134 posts since 2019
The problem with housing in Canada is the house values are crazy high. A large down payment always helps but being a newcomer does not. You might need 20% and 6+ months on the job to stand a chance.
JasoN12
JasoN12   |     |   1 posts since 2019
Hi Shorebreak, this documentation seems looks good to see. When anyone get a home mortgage they should flow this steps not full at all.

Flow some Step By Step Guide To Getting A Mortgage Approval

https://www.sunlitemortgage.ca/first-time-home-buyer-getting-a-mortgage-approval/


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