Moving to a new country is a big deal. And if you want to buy a home in Canada, you might be wondering — can I even get a mortgage without a long credit history here? The answer is yes. Canada has special programs designed for newcomers just like you.

Do I Need Canadian Credit History?

Not necessarily. Many lenders have "New to Canada" programs. These programs are designed for people who've been in the country for less than five years. They understand that you haven't had time to build a credit history here yet.

Some lenders will look at your credit history from your home country instead. Others just need to see that you have a stable job and a down payment ready.

Who Qualifies as a "Newcomer"?

These programs are typically available to:

  • Permanent residents who arrived within the last 5 years
  • People on valid work permits
  • Convention refugees with proper documentation

Each lender has slightly different rules, which is why working with a mortgage broker is so helpful. We know exactly which lenders are newcomer-friendly.

How Much Down Payment Do I Need?

With a newcomer program, the rules are mostly the same as for anyone else:

  • 5% down for homes under $500,000
  • 10% down on the portion between $500,000 and $1,499,999
  • 20% down for homes $1,500,000 and above

Your down payment can come from savings, a gift from family, or even from funds you brought with you from overseas. You'll just need to show where the money came from.

What Documents Do I Need?

  • Permanent residency card or valid work permit
  • Letter of employment confirming your job and salary
  • Pay stubs from your Canadian employer
  • Proof of down payment (bank statements)
  • Government-issued ID

If you've been here less than a year, some lenders may ask for an international credit report. Don't worry — your broker can guide you through this.

Tips to Help You Get Approved Faster

  • Open a Canadian bank account as soon as possible and start saving there.
  • Get a credit card — even a secured one — and use it responsibly.
  • Keep all your documents organized — especially anything showing income or savings.
  • Talk to a mortgage broker early — even before you start house hunting. We can tell you exactly how much you can afford.

Canada welcomes newcomers — and that includes helping you become a homeowner. Special programs exist to make this easier. You just need someone to show you the way.

Bottom Line

Being new to Canada doesn't mean you can't buy a home. With the right program and the right guidance, it's absolutely possible. Many of our clients are newcomers, and we love helping them find their first Canadian home.

Apply today and let's see what you qualify for.