Buying a home in Canada is now easier for newcomers

Increased access to mortgage credit

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In 2019, the Canadian government announced a $1.25 billion fund to help first-time homebuyers, which includes newcomers to the country. This fund is designed to make it easier for Canadians to access mortgage credit.

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Down payment assistance programs

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Some provinces in Canada offer down payment assistance programs that provide loans or grants to help first-time homebuyers, including newcomers, to purchase a home.

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Immigration programs that facilitate homeownership

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Some immigration programs, such as the Provincial Nominee Program, are designed to attract immigrants to specific provinces and territories and facilitate homeownership by providing support for homebuyers.

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Mortgage brokers who specialize in helping newcomers

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Information and resources for newcomers

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The Canadian government provides information and resources for newcomers to Canada on its website, including information on the home-buying process and financial assistance programs that may be available.

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