New to Canada? Get a Mortgage in Toronto
No Canadian credit history? No problem. We specialize in helping newcomers, permanent residents, and work permit holders purchase their first Canadian home. Multilingual support available.
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Who We Help
We work with newcomers at every stage of their Canadian journey
Permanent Residents (PR)
Recently landed or established PR holders. Access full mortgage programs with as little as 5% down once you have Canadian credit history.
Work Permit Holders
LMIA-based, intra-company transfers, post-graduate work permits (PGWP), and open work permits. Most programs available with 10%+ down.
International Transfers
Relocated to Canada for work? Many lenders accept an employer letter and international credit reference — no Canadian history required.
Awaiting PR Status
Sponsorship in progress? Some lenders work with applicants who have confirmed pathways to permanent residency.
New Immigrants (Under 2 Years)
Just arrived? Newcomer programs are specifically designed for those with limited Canadian credit history and employment records.
Returning Canadians
Canadian citizens who lived abroad and have limited recent Canadian credit history also qualify for newcomer programs.
Documents Needed
Requirements vary by lender and immigration status. Here's what most newcomer programs need:
Immigration & Identity
- Valid passport
- Permanent Resident card or Work Permit
- Canadian SIN (if available)
- Canadian driver's license or provincial ID
Income & Assets
- Canadian employer letter (salary, position, start date)
- 3-6 months Canadian bank statements
- Proof of down payment source
- International credit reference letter (if available)
- Foreign income documents (if applicable)
Newcomer Mortgage FAQ
Can I get a mortgage in Toronto without Canadian credit history?
Yes. Many lenders offer newcomer mortgage programs that accept international credit history, employment letters, and larger down payments in place of Canadian credit history. Some lenders approve newcomers with as little as 5-10% down.
Can I get a mortgage in Ontario on a work permit?
Yes. Most major Canadian lenders offer mortgages to temporary residents on valid work permits, including LMIA-based permits, intra-company transfers, and post-graduate work permits. You'll typically need 10% down and proof of employment in Canada.
What documents do I need as a newcomer to buy a home in Toronto?
You'll typically need: valid passport and immigration document (work permit, PR card, or study permit), employment letter from Canadian employer, 3-6 months of Canadian bank statements, proof of down payment source, and international credit reference letter if available.
How much down payment do I need as a newcomer in Ontario?
Permanent residents with Canadian credit history can qualify with 5% down. Temporary residents (work permit holders) typically need 10-20% down depending on the lender. International credit references can help secure lower down payment requirements.
Do I need to be a permanent resident to get a mortgage in Canada?
No. Both permanent residents and temporary residents on valid work permits can qualify for Canadian mortgages. Some lenders also offer programs for those on open work permits, student visas, or awaiting PR status.
How long do I need to be employed in Canada before applying for a mortgage?
Most lenders require 3-6 months of Canadian employment history. If you transferred to Canada through your employer (intra-company transfer), some lenders will accept a job offer letter even before you start working.
What Our Newcomer Clients Say
“I came to Canada from the US during the pandemic, and Amit was super helpful in helping me navigate the differences between the two mortgage systems. Getting me a good rate on my first mortgage was an added bonus :)”
Alex Mariakakis
Google Review
“Amit is amazing at what he does! He really knows how to find the right lender and mortgage that fits your situation. What I loved most is how he explained everything clearly and suggested a smart strategy.”
Ganesh Parab
Google Review
“I was making excellent money but had nothing on paper in Canada yet. Every lender said to come back after I filed taxes. Newcastle used my projected income and professional credentials to get me approved.
Client, Medical ProfessionalRead more success stories
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We understand the unique challenges newcomers face. Our team has helped hundreds of new Canadians purchase their first home across Ontario. Free consultation — no obligation.