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New to Canada Program

Have you arrived in Canada within the last 5 years? The new to Canada program may be right for you. With as little as 5% down, we can get you a mortgage! Here’s what you need to know:

This program is for you if you have a valid work permit or are a permanent resident.

  • Must have a steady job for atleast 3 months and be a permanent employee (cannot be on probationary period).
  • The down-payment of 5% must come from your own funds. Anything over 5% may come from a gift.

If you are putting 5% down, and don’t have an established credit bureau, you must show 12 months history of public utility bills (hydro, cell phone, cable, telephone, letter from landlord, etc.). This demonstrates your credit and ability to pay off your debts.

If you are putting 10% down then you only need to demonstrate 6 months of history instead of 12.

Keep in mind, whether 6 or 12 months, you must provide two of the above listed alternative credit sources.

If you feel this program fits your profile, give us a call and one of our friendly representatives will be happy to assist you.

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