Can New Immigrants Buy a House in Canada

Canada has a reputation as a welcoming country for immigrants, but the question of whether new immigrants can buy a house in Canada is a common one. The short answer is yes, new immigrants can buy a house in Canada, but the process can be more complicated than for Canadian citizens or permanent residents.

Before diving into the details, it’s important to note that Canada has different types of immigration programs, each with its own set of rules and requirements. In general, the process of buying a house in Canada as a new immigrant will depend on whether you are a temporary resident or a permanent resident.

Temporary Residents:

Temporary residents are individuals who come to Canada for a limited time, such as international students or foreign workers. As a temporary resident, you can buy a house in Canada, but you may face some restrictions. For example, some lenders may require you to have a co-signer or a larger down payment than a permanent resident or a Canadian citizen. Additionally, if you are on a student visa, you may need to provide proof of income or employment before being approved for a mortgage.

Permanent Residents:

Permanent residents have been granted the right to live and work in Canada indefinitely. As a permanent resident, you have more options when it comes to buying a house in Canada. You will have access to the same mortgage rates and down payment requirements as Canadian citizens. However, you will still need to meet the lender’s requirements for income, credit score, and debt-to-income ratio.

Steps for New Immigrants to Buy a House in Canada:

Step 1: Determine Your Eligibility

Before you can buy a house in Canada, you need to determine your eligibility. This includes assessing your financial situation, credit score, and employment status. You will also need to decide whether you want to apply for a mortgage as an individual or with a co-signer.

Step 2: Find a Real Estate Agent

A real estate agent can help you find the right property based on your budget, location preferences, and other needs. They can also guide you through the process of making an offer, negotiating the price, and closing the deal.

Step 3: Get Pre-Approved for a Mortgage

Before you start shopping for a home, it’s a good idea to get pre-approved for a mortgage. This will give you an idea of how much you can afford to spend on a house and will make the buying process smoother. To get pre-approved, you will need to provide proof of income, employment, and credit score to a lender.

Step 4: Make an Offer

Once you find a property that you like, you can make an offer. Your real estate agent can help you with this process by submitting the offer on your behalf and negotiating with the seller. If your offer is accepted, you will need to provide a deposit and sign a purchase agreement.

Step 5: Close the Deal

The final step in buying a house in Canada is to close the deal. This involves transferring the funds to the seller, signing the final paperwork, and taking possession of the property. Your real estate agent and lawyer will guide you through this process.


Buying a house in Canada as a new immigrant is possible, but it requires some planning and preparation. The process will depend on whether you are a temporary resident or a permanent resident, and you may face some additional requirements or restrictions. However, with the help of a real estate agent, lender, and lawyer, you can successfully buy a house and start your new life in Canada.

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