Can new immigrants buy a house in Canada?

Back to learn

Can new immigrants buy a house in Canada?

Rounding it up

  • New immigrants can buy a house in Canada without restriction.

  • Many banks offer special mortgage programs for newcomers.

  • You will need to pay a downpayment of 5 to 35% to qualify for financing.

  • The Canadian home buying process is complex, so hiring a realtor is recommended.

9 min read

Gaby Pilson
#home ownership#mortgage#newcomer#home

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

Recent Articles

The Canada Worker Lockdown Benefit and You

Tax season 101: What you need to know

Can international students get a bank loan in Canada?

Is there a consumer financial protection bureau in Canada?

Are Canadian bank accounts insured?

Is there a tax credit if you buy a home?

Related articles

Is there a tax credit if you buy a home?

5 mins

Dan Bucherer

Hopping on the post-pandemic housing surge? Make sure you take advantage of these tax credits!

Is there a tax credit if you buy a home?

5 mins

Dan Bucherer

Hopping on the post-pandemic housing surge? Make sure you take advantage of these tax credits!

#first time home buyer incentive

#first time home buyer

#home buyer incentive

#home ownership

#tax credit

Company

AboutCareersCultureGamerLearnPartnersTravelStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.