Skip to main content
Courteo Prêts
Start

Newcomer

New to Canada? Buying a home is still possible — even without a long credit history.

You've been in Canada less than 5 years, your Canadian credit history is short or non-existent, and every bank bounces you between counters. Yet the major lenders — RBC, Scotiabank, TD, BMO — all have dedicated newcomer programs. The problem: not every bank rep knows them or knows how to use them. An AMF broker compares for you and explains which status (PR, work permit, student) opens which door.

Start my request

This page is for you if

  • You've been in Canada for less than 5 years.
  • You hold permanent residence, a work permit or a study permit.
  • Your Canadian credit history is short or missing.
  • You want to understand the down payment required based on your status.

How it works

  1. Answer a few short questions

    2 to 3 minutes. We never ask for a target rate, your SIN, or an exact credit score.

  2. Brief qualification call

    An agent from our partner calls to clarify your situation. The call is recorded (with notice), your data stays in Canada.

  3. An AMF-licensed broker calls you back

    A broker licensed by the Autorité des marchés financiers takes over. They're the one advising you — not Courteo.

Frequently asked questions

  • Do I need permanent residence to get a mortgage?

    No. Several lenders accept work and study permits, with varying conditions (down payment, CMHC insurance, supporting documents). An AMF-licensed broker knows each lender's rules.

  • What down payment is required?

    For a permanent resident with Canadian income: minimum 5% like any buyer. Without a full credit history, some lenders require 10 to 20%. The program depends on immigration status and length of residence.

  • How do I prove income if I just arrived?

    Through Canadian pay stubs, employment letter, bank statements, and sometimes attested foreign income. Some newcomer programs accept bank references from your country of origin.

  • Do I need to speak French to get help?

    No. Our platform and the Courteo network in Quebec are bilingual. You can go through the whole process in English or French, as you prefer.

Why trust us

  • Your data is hosted in Quebec and Canada.
  • You can access, correct, or erase your information at any time (Quebec Law 25).
  • No marketing messages without your consent. We honour the national do-not-call list.
Start my request