New to Canada

Mortgage It Right!

New To Canada

Welcome to Canada!

Just because you are a new immigrant does not mean that you have to wait to purchase a home. If you have been in Canada for less than three years, have landed immigrant status, and have been employed in Canada for a minimum of three months, you can qualify for a mortgage.

The documents you will need include a letter from your employer, a recent pay stub, and 12 months verifiable bank statements from a recognized financial institution. This can include a financial institution from your country of origin if you have been in Canada for less than 12 months. Also acceptable is 12 consecutive months of 2 verifiable monthly payments in good standing. (e.g. phone or utility bill).

With access to multiple lenders, we'll help you find the best rates and best mortgage options to help you buy your dream home.

CREDIT TIP - Apply for a Secured Credit Card

If you have:

1) never had a Canadian credit card,
2) been denied on a credit card application,
3) a bruised credit history, or
4) ever wanted to use a credit card like a debit card

...there is an alternative! It is called a "Secured Credit Card" and unlike the more common "unsecured" credit card, you are required to make a deposit with the bank equal to your credit limit. The secured credit card issuer (i.e., the bank) normally reports to the credit bureaus so you will be establishing, or taking steps to re-establish, your Canadian credit history.

If you wish to apply for a secured credit card, here is one we recommend.

Peoples Trust MasterCard


*Subject to approved credit, income verification and meeting lending credit granting criterea. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E All content is subject to change without notice.


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Latest Lending Rates

TermOur Rates
rates subject to change without notice
6 month closed3.30 %
1 year closed2.69 %
2 year closed2.69 %
3 year closed2.69 %
4 year closed2.69 %
5 year closed2.69 %
7 year closed3.44 %
10 year closed3.70 %
Prime3.95 %
BOC Qualifying Rate5.19 %
BOC Overnight Rate1.75 %

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