A clear introduction to Canadian home financing
A review of newcomer lending options
Help organizing income and credit documentation
Learn how Canadian mortgages work
Understand fixed and variable rates, mortgage terms, amortization, and the costs of buying. Lorika helps you ask informed questions and build a budget that fits your new life.
Review your documentation
Limited Canadian credit history does not automatically end the conversation. Depending on the lender, other credit information, employment history, immigration documentation, and a verified down payment may be relevant.
Check eligibility before making an offer
Lender and insurer programs have specific residency, employment, credit, and down payment conditions. Property ownership restrictions and additional taxes may also apply; obtain current legal and tax advice.
Your questions, answered.
Do I need years of Canadian credit history?
Requirements vary. Some newcomer programs consider other evidence alongside employment and down payment information. Approval is never automatic.
Could additional taxes or restrictions apply?
Yes. Residency, citizenship, location, and exemptions can affect eligibility to purchase and taxes. Speak with a qualified lawyer before committing.