Start Your Canadian Homeownership Journey Here

Moving to a new country is an exciting yet challenging endeavour, especially when navigating the Canadian real estate market. We recognize the hurdles you may face, such as establishing a Canadian credit history and understanding the mortgage process. At Boychuk Mortgage Group, we are committed to simplifying this process and providing you with the expertise and guidance needed to secure your first home in Canada.

Personalised Mortgages Tailored for Real Estate Investors

Bridge Financing

New to Canada Mortgages are tailored specifically for individuals who have recently immigrated to Canada or are in the process of relocating. These mortgage solutions are designed to address the unique financial circumstances of newcomers, including limited Canadian credit history and potentially fluctuating income documentation during the transition period. With down payment requirements as low as 5% to 10%, we ensure that owning a home in Canada remains within reach for newcomers looking to establish roots and build a future here.

Our approach to New to Canada Mortgages goes beyond securing financing; it's about empowering you with knowledge and support throughout the home-buying process. We offer personalised mortgage solutions that consider your individual financial situation and aspirations for homeownership. Whether you are looking to purchase your first home, refinance an existing mortgage, or explore investment opportunities, our team is dedicated to finding the right mortgage solution for your needs.

The Advantages of Mortgage Renewal

At Boychuk Mortgage Group, we understand that each newcomer's journey is unique. That's why we provide comprehensive guidance on Canadian mortgage requirements, eligibility criteria, and the steps involved in purchasing a home. We strive to make the process transparent and straightforward, ensuring that you feel confident and informed every step of the way. Our goal is to help you secure a mortgage and set you up for long-term financial success and stability in your new home country.

Choosing Boychuk Mortgage Group means choosing a partner committed to your success. We have extensive experience working with newcomers to Canada, and we leverage our relationships with major banks and financial institutions to secure competitive mortgage rates and terms on your behalf. Whether you have questions about credit requirements, down payment options, or the application process, our team is here to provide the answers and support you need to achieve your homeownership goals in Canada.

Navigating Your Mortgage Renewal Options

Advantages of New to Canada Mortgages

Accessible Homeownership

New to Canada Mortgages offer a pathway for newcomers to realise their dream of owning a home in Canada with a lower down payment requirement compared to traditional mortgages. This accessibility allows individuals and families to enter the housing market sooner, establishing roots and stability in their new country.

Build Canadian Credit

Securing a New to Canada Mortgage provides an opportunity to establish and build a Canadian credit history through responsible mortgage payments. This is crucial for newcomers who may not have a substantial credit history in Canada but aim to strengthen their financial profile over time.

Expert Guidance

At Boychuk Mortgage Group, we specialise in assisting newcomers, providing expert guidance throughout the entire mortgage process. From understanding mortgage options to navigating eligibility requirements, our team ensures you are well-informed and supported at every step.

Tailored Solutions

We understand that each newcomer's financial situation is unique. That's why we offer personalised mortgage solutions that are tailored to your specific needs and financial capabilities. Whether you're a permanent resident, a landed immigrant, or on a work permit, we work closely with you to find a mortgage that fits your circumstances.

Access to Lenders

Through our extensive network of lenders, including major banks and financial institutions, we can offer you access to competitive mortgage rates and favourable terms. This allows us to negotiate on your behalf and secure the best possible financing options for your new home.

Simple Application Process

We've streamlined the New to Canada Mortgages application process to ensure a straightforward and stress-free experience. Our goal is to minimise paperwork and confusion, making it easier for you to focus on finding the perfect home for you and your family.

Flexible Terms

Choose from various mortgage terms and options that align with your financial goals and preferences. Whether you prefer a fixed-rate mortgage for stability or a variable-rate mortgage for potential savings, we provide flexibility to suit your needs.

Supportive Service

Receive dedicated support from our team throughout your journey to homeownership. We are committed to making the process as smooth and successful as possible, offering ongoing guidance and assistance from application to closing and beyond.

Long-Term Benefits

Owning a home in Canada offers stability and potential long-term financial benefits, including equity appreciation and the opportunity to establish deeper roots in your community.

Advantages of Real Estate Investing

Google Reviews

Happy Client Reviews

  • testimony

    We had the best experience working with Riley and his team. He is very knowledgeable and was able to help us secure a great rate for our mortgage. He was available at all times to answer any questions we had and was great at communicating with us. Would 100% recommend Riley and his team for your mortgage needs

    testimony

    Szendi Godin

  • testimony

    Riley was such a pleasure to work with. He made our dreams come true, he got us an amazing rate and made it a stress free experience. He is so personable and goes above and beyond for his clients. The thoughtful touches with house warming gifts and birthday cards. He has made such an impact in our life and we will be forever grateful!

    testimony

    kamiko allen

  • testimony

    We recently used Riley as our mortgage broker and he was the best!! Super kind and patient. He was very responsive, took so much time to explain the whole process to us and was able to find us a great mortgage. Would highly recommend.

    testimony

    Annika Reimer

  • testimony

    My husband and I are blown away by how dedicated Riley has been to helping us through the purchase of one home and the sale of another. This whole process can be really overwhelming, but Riley did an excellent job at explaining and educating us through it all. He's very attentive by making phone calls just to check in, and he really cares about us as people not just clients. I would recommend him to anyone I know.

    testimony

    Jillian Nielsen

  • testimony

    Had an absolutely amazing experience dealing with Riley and his team. He was extremely helpful every step of the way and made the home buying experience as easy as possible for us. Highly recommend Riley to anyone looking to purchase a home!

    testimony

    Boston Colley

  • testimony

    We've had great experience with Boychuk Mortgage Group getting a mortgage for our rental property in Calgary. The communication was great, the whole process was smooth and easy. Highly recommend.

    testimony

    Alexander Gazimov

  • testimony

    We had an excellent experience with Riley. Despite our unique situation, he provided outstanding service, addressing our needs and questions promptly. He navigated through any hiccups, ensuring a smooth process. Highly recommend for his professionalism and client-focused approach.

    testimony

    David Bigley

  • testimony

    Riley and his team are a pleasure to work with. They are fast and pay attention to detail. They were able to answer any questions I had regrading the purchase of our new home and worked quickly to assist on closing. I would not hesitate to use the Boychuk Mortgage Group again and recommend them to anyone looking for any mortgage needs.

    testimony

    _christian_sison_

  • testimony

    I had an excellent experience dealing with Boychuk Mortgages. Riley was so thorough and was always available to answer any questions I had throughout the process. He made a difficult and confusing process so easy for a first time home buyer.

    I would recommend Riley to anyone looking for a mortgage broker.

    testimony

    JP Guimond

  • testimony

    Riley and Carla were such a pleasure to work with. They were extremely responsive and kept us in the know every step of the way. They provided various options and helped us make the best decision for our mortgage. Thanks again!

    testimony

    Richard Mulcaster

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  • What are the eligibility criteria for New to Canada Mortgages?
  • How much down payment is required for New to Canada Mortgages?
  • Can I qualify for a New to Canada Mortgage without a credit history in Canada?
  • What documents do I need to apply for a New to Canada Mortgage?
  • How can I start the application process for a New to Canada Mortgage?
  • What additional considerations should newcomers to Canada keep in mind when applying for a mortgage?
  • I JUST STARTED WORKING IN CANADA, WILL I QUALIFY?
  • WHAT OTHER REQUIREMENTS PERTAIN TO THE NEW TO CANADA MORTGAGE?
  • STEPS TO GETTING A NEW TO CANADA MORTGAGE?

Eligibility for New to Canada Mortgages typically requires proof of landed immigrant status, a valid work permit, or permanent residency status in Canada. Lenders also consider factors such as your credit history from your home country, income stability, and sufficient funds for a down payment. Each lender may have slightly different criteria, so discussing your specific situation with a mortgage advisor at Boychuk Mortgage Group is essential.

Down payment requirements for New to Canada Mortgages generally range from 5% to 10% of the home's purchase price. The exact amount depends on the lender's policies, financial situation, and whether you qualify for mortgage insurance through providers like CMHC (Canada Mortgage and Housing Corporation).

Yes, it is possible to qualify for a New to Canada Mortgage even if you have limited or no credit history in Canada. Some lenders offer mortgage products specifically designed for newcomers, considering your credit history from your home country, your employment status in Canada, and other relevant factors. Providing proof of your financial responsibility and stability, such as employment and income documentation, can strengthen your mortgage application.

To apply for a New to Canada Mortgage, you typically need to provide several documents, including:

  • Proof of income: It can include pay stubs, employment contracts, or tax returns.
  • Proof of immigration status: A permanent residency card, work permit, or confirmation of permanent residence (COPR).
  • Credit history: If available, documents showing your credit history from your home country may be beneficial.
  • Down payment verification: Proof of where your down payment funds are coming from, such as savings statements.

It's essential to work closely with Boychuk Mortgage Group to ensure you have all the necessary documentation and that it meets the requirements of your chosen lender.

Starting the application process for a New to Canada Mortgage is straightforward with Boychuk Mortgage Group. Begin by scheduling a consultation with one of our experienced mortgage advisors. During the consultation, we will discuss your homeownership goals, assess your eligibility for different mortgage options, and guide you through the entire application process.
Our team will help you understand the mortgage products available to newcomers, assist with gathering required documentation, and facilitate communication with lenders on your behalf. We are committed to making your transition to homeownership in Canada as smooth and stress-free as possible, providing ongoing support until you receive the keys to your new home.

Beyond the basic eligibility requirements and documentation, newcomers should consider other factors that may impact their mortgage application and homeownership journey in Canada. These include:

  • Currency exchange and income stability: Ensure your income is stable and sufficient to cover mortgage payments, taking into account any currency exchange rates if you receive income from abroad.
  • Understanding Canadian mortgage terms: Familiarise yourself with terms such as amortisation periods, fixed versus variable interest rates, and mortgage insurance requirements.
  • Costs of homeownership: Aside from the mortgage payments, consider additional costs such as property taxes, home insurance, maintenance, and utilities.
  • Building a credit history: Start building a Canadian credit history by responsibly using credit cards or other financial products available to newcomers.
  • Future plans: Consider your long-term plans in Canada, such as potential job changes or family growth, and how they may impact your housing needs.

Yes, you will be required to have a minimum of 3 months of full-time Canadian employment status to qualify.

  • Our New to Canada program is available for up to five years after you arrive in Canada and only requires a minimum of three months of full-time Canadian employment status to qualify.
  • You will need to provide proof of your permanent residency, work visa, or landed immigrant status.
  • With a down payment of less than 20%, the New to Canada program will be restricted to owner-occupied purchases only.
  • A minimum period of residency is not required.
  • There are no additional fees to this program, only a simple easy solution to helping you finance your new home.

1. The first step is to reach out to one of our trusted mortgage advisors for your free, no obligation discovery call.

  • During your discovery call, we discuss your unique financial situation, your property objectives, your borrowing capacity, detail the steps in the home buying process, and advise on any hurdles you may encounter to help pave the way for a smooth home buying experience.
  • This initial step provides clarity to common questions or concerns. We even go through some what-if calculations and scenarios to help ensure you have a strong understanding of your options. A personalized detailed action plan is then prepared, giving you the confidence needed to move forward with certainty.

2. The second step would be to collect a formal mortgage application, credit consent form, and a checklist of lender required documents in which you can safely upload into your mortgage portal. Once complete, the heavy lifting on your end is done and we will proceed with setting up your new pre-approval.

3. The third step is to work with a trusted real estate agent to help you find your new dream home. With a strong understanding of how much you can borrow, the fun part begins as you are now ready to start your home search.