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New to Canada? Let’s Make Your Mortgage Simple and Stress-Free

Buying your first home in Canada is an exciting milestone — and it doesn’t have to feel overwhelming. At Mortgages By Candice, I guide newcomers through the Canadian mortgage process with clarity, care, and confidence.

 

From your very first questions to the moment you receive your keys, I handle the details so you can focus on settling into your new home.

 

A Mortgage Experience That Understands Your Journey

Canada welcomes people from all over the world — and so do I. I understand that every newcomer’s situation is unique. Whether you’re arriving from India, China, the Philippines, or anywhere else, your background and goals are respected every step of the way.

 

With access to lenders across Canada and extensive experience helping newcomers just like you, I work to make your mortgage journey smooth, transparent, and stress-free.

 

Key Things Newcomers Should Know

  • Newcomers may qualify for a mortgage as a permanent resident, work permit holder, or protected refugee (conditions apply).
  • Mortgage default insurance programs through CMHC, Sagen, and Canada Guaranty can help make approval easier.
  • Permanent residents may qualify with as little as 5% down payment.
  • Non-permanent residents may qualify with:
  • 5% down if they have 12+ months of Canadian credit history (through Sagen or Canada Guaranty), or
  • 10% down without Canadian credit history.
  • You are not required to use your bank — as a mortgage broker, I can access multiple lenders to find the best fit.
  • Clear communication and proper guidance make the entire process easier from start to finish.

 

I take the time to review your eligibility, explain your options, and help you choose the mortgage that best fits your situation.

 

Can Newcomers Get a Mortgage in Canada?

Yes. If you’re new to Canada and legally working and paying Canadian taxes, you may qualify for a mortgage as either a permanent or non-permanent resident.

 

Eligibility depends on your status, income, credit history, and down payment. Applying through an insured mortgage program can significantly strengthen your application.

 

You may be eligible to purchase a primary residence if you are:

  • A permanent resident
  • A temporary worker or non-permanent resident with a valid work permit
  • A refugee with Protected Person Status and a valid work permit

 

Newcomer Mortgage Snapshot

Permanent Residents

  • Minimum down payment: 5%
  • Insurance options: CMHC, Sagen, Canada Guaranty
  • The most flexible and accessible mortgage path for newcomers

Non-Permanent Residents / Work Permit Holders

  • Minimum down payment:
  • 5% with Canadian credit history, or
  • 10% without Canadian credit
  • Insurance options: Sagen or Canada Guaranty
  • Property must be owner-occupied with sufficient time remaining on the work permit

Refugees (Protected Person Status)

  • Minimum down payment: 5%
  • Insurance options: CMHC, Sagen, Canada Guaranty
  • Valid work permit required

 

Mortgage default insurance protects the lender and helps support your mortgage approval. Program details can change and may vary by lender and insurer.

 

You Don’t Have to Use Your Bank

Even if you opened your accounts with a specific bank when you arrived in Canada, you’re not required to get your mortgage there.

 

I work with multiple banks and lenders to:

  • Compare rates and mortgage products
  • Access insured mortgage programs
  • Help save you money over the life of your mortgage

 

My advice is always unbiased and focused on your goals.

 

Down Payment Requirements for Newcomers

  • Permanent residents may qualify with as little as 5% down (price limits apply).
  • Non-permanent residents may qualify with:
  • 5% down with at least 12 months of Canadian credit history, or
  • 10% down without Canadian credit history.

 

Down payments under 20% require mortgage default insurance, which can also help secure more competitive interest rates.

 

Documents You’ll Need

To apply for a mortgage in Canada, you’ll typically need:

  • Proof of identity and status (passport, PR card, work permit, or refugee documents)
  • Proof of income (employment letters, pay stubs, or Canadian tax records)
  • Credit and payment history, including:
  • A Canadian credit report, or
  • A foreign credit report (usually 12 months), plus rent or utility payment history
  • Down payment verification:
  • Funds must show a 90-day history
  • Funds cannot come from a sanctioned country

 

I’ll guide you through exactly what’s required based on your individual situation.

 

Insured Mortgage Programs for Newcomers

All three Canadian mortgage insurers — CMHC, Sagen, and Canada Guaranty — offer New to Canada programs.

 

Benefits Include:

  • Easier access to homeownership
  • More competitive interest rates
  • Greater lender flexibility across Canada

 

Who Qualifies?

Permanent Residents

  • Access up to 95% loan-to-value
  • Alternative credit documentation often accepted
  • No added fees due to residency status

Non-Permanent Residents

  • Valid work permit with sufficient time remaining
  • Access up to 90% loan-to-value
  • Alternative credit history options available

 

How to Apply for a Mortgage as a Newcomer

I simplify the mortgage process by providing clear guidance at every step:

  1. Assess eligibility – Review your income, credit, and documentation
  2. Get pre-approved – Understand your budget, rate, and options
  3. Choose the right mortgage – Select a product that fits your goals
  4. Apply for approval – Submit your application with expert support
  5. Close on your home – Finalize financing and receive your keys

 

New to Canada — Experienced Mortgage Support

You may be new to Canada, but I bring experience, dedication, and personalized guidance to your homeownership journey.

 

With expert advice, competitive rates, and a deep understanding of newcomer mortgage programs, I’m here to help make buying your first Canadian home a confident and rewarding experience.