A new to Canada mortgage is designed for buyers who have arrived recently and have little or no Canadian credit history. Lenders run dedicated newcomer programs that accept alternative evidence in place of the domestic credit file you have not had time to build.
The brokers listed here work with newcomers, work permit holders and non-residents across Canada. Which program applies depends on your immigration status, and the difference between the categories is significant.
The brokers below have told us they take on new to canada files. Narrow by city to see who works in your market, most lending decisions still turn on where the property sits.
6 of these brokers have a mapped office. Tap a pin to open that profile.
As a Mortgage Broker with The Mortgage Centre, I deliver customized financing solutions through an extensive network of lenders, ensuring competitive options tailored to each client's needs.…
I’m Janine Veenendaal, a Mortgage Broker who believes this business is about so much more than rates and paperwork. It’s about people, your families, your pets, your dreams, and even the cha…
I’m a Level 2 Mortgage Agent with Get A Better Mortgage, serving residential clients in Ottawa and commercial clients across Ontario. Known as the “Mortgage Matchmaker,” I connect borrowers…
With more than 36 years of experience in the banking and mortgage industry, including senior leadership roles with Royal Bank of Canada, CIBC, and most recently as Vice President of Sales wi…
With over 13 years of experience in financial services, I help homebuyers, homeowners, and self-employed professionals navigate mortgage financing with confidence. Specializing in residentia…
I am a dedicated mortgage professional who believes getting s mortgage should feel exciting not overwhelming. As a mortgage broker I work with a wide range of lenders to help find mortgage s…
# Begonia Celorio – Mortgage Agent Level 2 | Caledon & GTA ### Award-Winning Mortgage Agent Helping You Find the Right Mortgage for Your Goals Buying a home, renewing your mortgage or figu…
Permanent residents and those arriving with PR are treated most favourably, and newcomer programs are built for them. Work permit holders can access many of the same programs, though lenders will look at how long the permit runs and how renewable it is.
Non-residents: buyers not living in Canada, are a separate category with much larger down payment requirements, a narrower set of lenders, and additional taxes in some provinces and municipalities on residential purchases by foreign buyers. Establish which category you are in before anything else, because it determines every other answer.
Canadian credit bureaus do not import your history from abroad, so a strong record elsewhere does not transfer. Newcomer programs work around it with international credit reports, letters of reference from your previous bank, twelve months of rent payment history, or proof of employment and savings.
Start building a domestic file immediately on arrival, a secured credit card and a mobile phone account in your name, both paid on time, produce a usable score faster than most newcomers expect, and widen your options considerably.
Yes. Lenders run newcomer programs specifically for buyers with limited Canadian credit history, accepting international credit reports, bank reference letters or rent payment history in place of a domestic file. Permanent residents receive the most favourable terms.
Yes. Many lenders treat work permit holders under the same newcomer programs as permanent residents, though they will consider how long the permit runs and how likely it is to be renewed. A permit with substantial time remaining materially widens your options.
Permanent residents can generally access the same minimums as any other buyer through newcomer programs. Work permit holders may be asked for more depending on the lender. Non-residents are a different category and require substantially more.
Yes, though the requirements are much stricter: a considerably larger down payment, fewer lenders, and additional taxes on foreign buyers in some provinces and municipalities. Federal restrictions on residential purchases by non-Canadians have applied in recent years, check the rules in force before committing.
Not directly: Canadian bureaus do not import it. Newcomer programs accept an international credit report or a reference letter from your previous bank as a substitute. Building a Canadian file straight away, with a secured card paid on time, is the fastest way to broaden your options.
