The dream of homeownership in Canada is achievable for those new to this country. We can help with your financing, and guide you through the process of buying your home.
You may be eligible to get 5% down payment if you have immigrated to Canada within the last five years and are a permanent resident, or if you have a work permit and have applied for permanent residency.
If you are a newcomer with a non-permanent resident status, you may be eligible for a mortgage with 10% down payment. A minimum of 5% down payment must be from your own resources.
There are no extra fees based on residency status. You can borrow funds if you have 5% down payment and anything over would be the borrowed of gifted funds.