New Immigrants

New to Canada

Newcomers to Canada can qualify for a mortgage and make their dream of owning a home a reality.


Find the Financial Fit That Works for Your Family

Moving to Canada has its challenges. Getting a mortgage can be difficult as you try to navigate through a new and different credit system. At Ownest, we have a large number of options which allow you to put down as little as 5% of the purchase price with minimum qualifications, and our trusted mortgage advisors are here to help you.

The New to Canada Mortgage allows qualified home buyers who have immigrated to Canada from another country or have been transferred here by an employer, to qualify for mortgage insurance with as little as 5% down.

You will need:

  • Letter of reference from a recognized financial institution OR six months of bank statements from primary account
  • Applicants are welcome to apply even if they have limited credit history
  • 90.01-95%: International credit report OR two alternative sources of credit demonstrating timely payments (no arrears) for the past 12 months
  • Proof of full-time employment with no probation

Borrower Qualifications:

  • Must have immigrated or relocated to Canada within the last 36 months
  • Primary applicant must have 3 months minimum full-time employment in Canada
  • Must have a valid work permit or obtained landed immigrant status


Advantages of our New Immigrant Programs

  • No minimum period of residency required*
  • Applicants are welcome to apply even if they have limited credit history*

**Some lenders may have specific qualifications necessary and exceptions are often possible. We work with you and the lender to find a solution that works for your situation.

2.36%5 Year Variable

75% of our clients consider this product a great fit. We find you a great rate with only a small possible payout penalty, and that increases your flexibility for the choice to change your mortgage down the road.

Ownest tailors the mortgage to you, not you to the mortgage. We find different terms and mortgages to suit your lifestyle. Click below to view other options.


See the Ownest difference. We aren’t like banks and brokers because we have your best interest at heart. Through our patented system, we’re able to give you the choice you deserve when selecting a lender for your mortgage. Watch this video and let us help you maximize your mortgage buying power.

  • I’ve been in real estate for over 15 years and have never experienced this level of professionalism before. I now recommend all my clients to Ownest.
    - Bob S.Realtor, Edmonton AB
  • Thank goodness we found the friendly people at Ownest. They found us a new mortgage at a lower rate and a payment we can afford. We are truly thankful.
    - Gina G.Calgary, AB
  • Ownest sent us a mortgage proposal that showed all the mortgages we qualified for. After discussing the many options with us we chose a 4 year term and feel we got a great rate.
    - Robert and Claire P.Richmond Hill, ON


We match you with the mortgage that suits your lifestyle, faster than our competitors can shop a single product.


Our technology scours all products and pricing to get you a yes now on the best deal for your mortgage. You pick only from the options you qualify for.


Backed by a team of financial experts, we’re always available to help you successfully cross the finish line to own your home. We make it simple. Ownestly!