Newcomer mortgages · Toronto, Ontario
New to Canada? You don't need years of Canadian credit history to buy a home.
Whether you're on a work permit, a new permanent resident or a recent citizen, there are lenders and programs built for people just getting started here. Tell me a little about your situation and I'll follow up personally.
Mortgage broker, not a lender. All financing is subject to lender approval and qualification.
Licensed in Ontario
FSRA Mortgage Agent License #M15001135
Brokerage
Mortgage Alliance · FSRA Brokerage #10530
Lender choice
Access to 50+ bank, credit union & alternative lenders
Local
North York office · serving Toronto & Ontario
Why it feels hard
Banks weren't built around your timeline, but some programs are.
Typical underwriting looks for years of Canadian credit and income. Newcomers are often told "come back later." In reality, several major Canadian banks offer newcomer programs that typically accept limited Canadian credit history in exchange for a larger down payment. Exact requirements vary by lender and change over time.
Limited credit history
A thin or brand-new Canadian credit file is the most common reason newcomers are declined at a single bank.
Income still being established
New jobs, probation periods or foreign income can be treated differently from lender to lender.
Status uncertainty
Work permit vs. PR vs. citizen can change which programs are available and on what terms.
How it works
Four calm steps from first question to keys.
- 01
Share your story
A relaxed conversation about your status, time in Canada, income, savings and goals.
- 02
Map your options
We look at newcomer bank programs, conventional routes and, only if needed, alternative lenders.
- 03
Prepare documents
A clear checklist tailored to what lenders typically ask for in files like yours.
- 04
Submit & guide
Your application goes to suitable lenders, with support through approval conditions to closing.
Quick answers
Straight answers to the questions newcomers ask most.
General information only. Your options depend on your lender, program and individual file.
See all FAQsCan I get a mortgage in Canada as a newcomer?
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Often, yes. Several major Canadian banks and other lenders offer newcomer programs for people with limited Canadian credit history. They typically ask for a larger down payment and proof of income and funds. Approval always depends on the lender and your individual file.
Do I need Canadian credit history to buy a home in Toronto?
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Not always. Newcomer programs may accept limited Canadian credit history, and some lenders consider foreign credit references or international credit reports. Even a few months of Canadian credit activity can widen your options.
Can I get a mortgage on a work permit?
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Many lenders will consider work permit holders, especially with stable Canadian employment. Requirements such as remaining permit time and down payment vary by lender, so confirm current details for your situation.
How much down payment does a newcomer need?
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It depends on the program, lender, property price and your status. Newcomer programs typically require more than the legal minimum when Canadian credit history is limited. Exact percentages vary by lender and change over time.
Is Meshesha Robel a lender?
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No. Meshesha Robel is a licensed Mortgage Agent Level 2 with Mortgage Alliance (FSRA Brokerage #10530). He arranges financing through third-party lenders, banks, credit unions and alternative lenders, and is not a direct lender.