New to Canada? You can buy a home sooner than you think.
Whether you're a Permanent Resident or on a work permit, special newcomer programs from RBC, Scotiabank (StartRight), BMO (NewStart), TD, and National Bank let you buy with as little as 5% down — and accept international credit history. We speak 50+ languages in-house.
Most Canadian banks send newcomers to a salaried branch employee who only knows the standard T4 mortgage product. They’ll ask for a Canadian credit score you don’t have, or insist on 35% down because they don’t know their own bank’s newcomer program. The result: declined applications, missed opportunities, and the false belief that you need to wait 5 years to buy. Newcomer programs exist precisely so you don’t have to wait — but you need a broker who knows the playbook.
All major Canadian lenders run Newcomer programs: RBC Newcomer Mortgage, Scotia StartRight, BMO NewStart, TD Newcomer, and National Bank Newcomer. Each has different rules around credit, employment, and down payment source. We know which program fits your immigration status, country of origin, employment story, and timing — including the lenders that accept international Equifax/TransUnion reports and the ones that don’t require any Canadian credit at all.
Why Canadians choose Mortgage Squad Advisors.
Three steps. No jargon. No pressure.
Confirm your status
PR card, work permit type, employer letter, country of origin, landing date. 10-minute intake — we’ll tell you exactly which newcomer programs you qualify for and which lenders fit your file.
Build your file
We pull the right documentation: international credit report (Equifax/TransUnion International), alternative credit letters (rent, utilities, telecom, insurance), Canadian banking history (90+ days helps), employer confirmation, and proof of down payment source.
Match the program
Each lender’s newcomer program has different rules around credit, tenure, and permit type. We pair you with the most accommodating lender for your specific file — sometimes that’s a Big-6, sometimes a credit union, sometimes a specialty newcomer program at a monoline.
“We moved to Canada 14 months ago and didn’t know how the mortgage system worked at all. Mortgage Squad Advisors explained everything in Punjabi, helped us understand FHSA, RRSP HBP, the stress test — all of it. They got us into our first Canadian home with 5% down. They felt like family.”