Getting A Mortgage When You’re New To Canada

Author: Boychuk Mortgage Group | | Categories: First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Rates , Residential Mortgage

Mortgage industry Articles

Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This is an increase of 40,000 individuals when compared to 2017 numbers.

According to planned immigration levels, it is estimated that Canada will receive 341,000 permanent residents in 2020. In 2021, we are expecting 351,000 and 361,000 in 2022. Federal Immigration Minister, Marco Mendicino, stated that by 2022, “the year’s new permanent residents in Canada will account for one percent of the population”.

With all these new faces wanting to plant roots in this great country, we wanted to touch base on how new immigrants can qualify to be homeowners!

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Original Article Source Credits: Dominion Lending Centres,

Article Written By: NA

Original Article Posted on: NA

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