Smart Mortgage Planning for Newcomers

Newcomers must build Canadian credit history early—secured cards, on-time bills, and monitored reports boost approval.
Lenders assess credit, income, job stability, debt ratios, and down payments—typically 5% to 20%.
Budgeting for mortgage readiness includes saving 20% down payment, taxes, insurance, and maintenance costs.
Mortgage brokers and real estate agents help newcomers secure best rates and navigate market complexities.
Special newcomer mortgage programs and fixed or high-ratio options make homeownership more attainable in Canada.