Newcomers · Toronto & GTA
Toronto newcomer mortgage guides
If you've been in Canada under 5 years, you may still qualify under New-to-Canada programs from CMHC, Sagen, and Canada Guaranty — even without a Canadian credit history. These guides explain the documentation and timing.
New-to-Canada programs
CMHC, Sagen, and Canada Guaranty all offer insurance programs for newcomers with under 5 years in Canada — with alternative credit documentation.
Accepted status
Permanent residents qualify broadly. Work permit holders qualify under specific programs with 20% down typically required.
Down payment sourcing
Funds from abroad need a 90-day source trail. Gifted down payments require gift letters from immediate family.
Guides in Newcomer Mortgages in Toronto
New guides in this category are publishing soon. Use the Mortgage Match quiz to get a tailored answer in the meantime.
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Newcomer Mortgages in Toronto — frequently asked
Can I get a mortgage on a work permit in Canada?
Yes, through New-to-Canada programs that accept work permit holders, typically requiring 20% down and confirmation of employment.
Do I need Canadian credit history?
Not for New-to-Canada programs — alternative credit (international credit report, 12 months of rent/utility payment history) is accepted.
Can I use down payment funds from outside Canada?
Yes, with a 90-day source-of-funds paper trail showing the money is yours and tracing it from the originating account.
Get your newcomer mortgage path mapped
Tell us your status, time in Canada, and down payment source — we'll match you to insurer programs that approve files like yours.
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