Home Ownership for landed immigrants in the past, you would have needed 35% downpayment for a mortgage. Now there is a special program for landed immigrant, you can now purchase your new home with as little as 5% downpayment. A recent research by Genworth Canada shows that more than half the immigrants end up purchasing a home within 3 years of their arrival in Canada.
Sometimes family and friends can be a great source of information, however be careful their information may be outdated. It is best to consult with a Mortgage Broker, FREE of charge.
There are also other assistance program for New Home buyers such as the Home Buyer Plan.
Find out how much of a mortgage you can qualify for. Give us a call at 1-800-472-9791, or follow us
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