Newcomers to Canada play an increasing role in Canada’s future population growth, creating new market opportunities. Financing is available to borrowers with permanent and non-permanent residence status, helping newcomers to realize their dream of homeownership in Canada.


  • Newcomers with permanent resident status have access to Loan Insurance products (subject to product specific eligibility requirements).

  • For permanent residents, where there is limited Canadian credit history and where foreign credit bureaus are not available, lenders continue to consider alternative sources of payment history for Loan-to-Value ratios between 80% and 95%

  • Newcomers with non-permanent resident status have access to insured financing of up to 90% loan-to-value ratio for the purchase of a 1 unit owner-occupied residential property

  • No additional fees or premiums as a result of residency status - standard

  • Product specific premiums apply with high ratio

  • No minimum period of residency required


Acceptable loan purpose

 Purchase transactions

Loan-to-value ratio limits

Maximum LTV ratio - 90%

Eligible properties

Maximum two units,
where at least one unit
must be occupied as the
principal residence, new
construction, or existing

all three