Eligibility for a New to Canada Mortgage typically requires that you be a recent immigrant or a permanent resident who has moved to Canada within the last five years. Proof of income, employment status in Canada, and a minimum down payment are also necessary for eligibility.

Required documentation usually includes a valid work permit or proof of permanent residency status, proof of income or employment in Canada, a credit report from your country of origin (if available), and any Canadian credit history you may have established.

Many lenders understand that new immigrants may not have a Canadian credit history and are willing to consider alternative documentation, such as a credit report from your home country or proof of timely payments for rent and utilities, to establish your creditworthiness.

Yes, new immigrants are eligible for several government programs aimed at first-time homebuyers, such as the First-Time Home Buyer Incentive, which can help reduce monthly mortgage payments without adding to your financial burdens. Additionally, you might qualify for the Home Buyers' Plan, which allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home.