New Immigrant Mortgages in Toronto, ON

Are you a new immigrant and looking to arrange financing and achieve the dream of home ownership? We are here to help!.There are options for New Immigrants to Canada to purchase a home sooner with as little as 5% down. If you are new to Canada we would like to help you purchase your first home, build equity, and become economically established in your new country.

The Lender will ask you for the following documentation:


Building Your Credit

Establishing a Canadian credit history is a very important step, and applying for a credit card is a good way to start this process. If you’re having trouble with traditional creditors, consider a secured credit card. These are easier to get and here’s how they work: if you are approved for a $1000 limit on a secured card, you pay the creditor $1000 upfront  as security, and after demonstrating a period of successful repayment (which is usually twelve months), you get that money back.

Lenders also recognize that it can initially be difficult to establish Canadian credit, so they will consider credit history from alternative sources, such as a landlord’s letter showing twelve months of on-time payments, or copies of utility bills that show regular payments being made for at least a year

Additional documents required when applying with 5% down payment:

Additional documents required when applying with 10% down payment:

If you have relocated to Canada within the last 5 yrs, call us now at 647-893-2535 to discuss the New Immigrant Mortgage options. Getting the right advice from the start will facilitate the process while getting competitive market rates.


Information provided by Snezhana Todorova, Mortgage Agent, Lic #M13000122. Dominion Lending Centres Mortgage Watch Lic#12044.
Snezhana can be reached at 647-893-2535 or mortgages@snezhana.ca