Just moved to Canada
You are a newcomer to Canada and buying property with a bank loan looks like an impossible dream? Don't fret - meet with a Multi-Prêts broker. We have experts that can find a solution for your situation.
In the meantime, you can learn about the basic requirements for buying property in Canada below:
Qualifying for a mortgage
As a newcomer to Canada, the two main criteria before applying for a mortgage are:
- Permanent resident status (IMM form 5292). Non-permanent resident status: Landed immigrant (IMM Form 5292)
- Full time work for at least 3 months, not including the probation period (a letter from your employer is required)
Depending on your employment and credit history, mortgage application conditions will vary.