Mortgages for New Immigrants to Canada

Homebuyers who have immigrated or relocated to Canada within the last 5 years are eligible under to purchase a property with as little as a 5% down payment.

Spire Mortgage Team understands that you and your family have unique needs. As such, we offer special mortgage programs designed for Newcomers to Canada.

Eligible Properties for purchase include single family homes with up to 2 suites. (Note: clients are required to live in one of the suites).

Minimum Downpayment Required: 5% of purchase price. (Note: 5% needs to come from borrowers own resources, additional can be a gift)

Clients are required to provide the following:

• Proof of Employment: employment letter with an overview of your salary and employment status along with a current paystub

• Proof of down payment: bank or investment statements showing 90 days history on the down payment funds.

• Proof of Acceptable Credit can be provided by the following:  

• Landlord reference letter and 12 months bank statements,

• Utility Bills, Telephone bills, Cable bills, Insurance payments

Spire Mortgage Team has worked with many New to Canada families to help them settle into their own homes in Calgary. Purchasing your own home means that you can begin to establish community, settle your children in their school and start building equity.

Newcomers to Canada can combine other programs such as “purchase plus improvements” or the “First Time Home Buyers Incentive Program” to their Calgary home purchase.

New To Canada Resources