Buying a property for a newcomer to Canada … it is possible!
Newcomers to Canada play an increasingly important role in the growth of the Canadian population and generate new market opportunities.
Permanent residents and non-permanent residents can get a loan insured by CMHC and can realize their dream of homeownership in Canada.
Here are some features:
Permanent residents must have a minimum down payment of 5% for the purchase of a property of 1 or 2 dwellings and a minimum down payment of 10% for the purchase of a property of 3 or 4 units.
Permanent residents can obtain a refinance loan to 80% of their property 1 to 4 units.
Non-permanent residents must have a minimum down payment of 10% for the purchase of a property of one housing.
Our agency Sutton-Clodem has partnered with several financial institutions, including 4 major institutions who own an office within our building. Our mortgage broker partners can even visit you (home or work), at your convenience, 7 days/week and process your request within 24 to 48 hours. You’ll be offered among the best rates and conditions on the market. So you can enjoy free professional services and advice customized to your financial profile.