For new immigrants forging a life in Canada, the prospect of homeownership can be both exciting and intimidating. The Canadian mortgage landscape may seem especially complex for newcomers, presenting unique challenges that differ from those experienced by long-time residents.

For newcomers in Canada, pursuing a commercial real estate portfolio offers a prime opportunity to build long-term wealth and financial stability. Commercial properties can provide steady cash flow through rental income, while potentially experiencing capital appreciation as the market evolves.

For newcomers to Canada, the prospect of renewing a mortgage can be quite daunting, especially when navigating an unfamiliar financial landscape. As each mortgage term comes to an end, borrowers are faced with the decision of whether to renew, renegotiate, or switch to a new lender.

Moving to a new country is akin to diving headfirst into an ocean of opportunities mixed with challenges. And if you're a newcomer to Canada, one of the significant challenges you might face is understanding the intricacies of financial planning, particularly when it comes to preparing for a mortgage.

As a newcomer to Canada, refinancing your mortgage can present a valuable opportunity to achieve your financial goals, secure lower interest rates, consolidate debt, or access home equity for significant investments. Understanding the benefits, ideal timing, and best practices for refinancing will empower you to make educated decisions that contribute to your long-term financial stability and success. 

Uncover key for new immigrants seeking homeownership in Canada, designed to simplify mortgage options and the home-buying journey. Partner with Level Up Mortgages to make your Canadian homeownership dreams a reality.

Arriving in a new country and starting a fresh life is both thrilling and challenging. For many new immigrants in Canada, one of the significant steps towards planting roots and establishing a stable life is homeownership. However, navigating through the mortgage process in a different financial and legal environment can be daunting.

If you are a non-resident acquiring real estate in Canada, there are options to enter into an investment property. You may have questions about real estate, but you've come to the right place.

People tend to rely on mortgages to fulfill their dream of buying a home. Besides the financial relief that they can get from it, it will also allow them to focus on other expenses that they may incur along the way. The thing is, things are way different in Canada than it is in the U.S., that is why one must familiarize themselves with the differences so they may get a great deal out of it.

In this Non-residents guide to getting a mortgage in Canada, we'll review how to assess the current market, find the right lender, and plan for taxes and down payment. But first, let’s define what a Canadian non-resident is. Simply put, a non-resident is someone who routinely or lives typically outside of the country.

If you are a foreign investor or homeowner you’ll want to be acutely aware that Canada has many housing taxes that have been introduced throughout the recent years. While most provinces will have similar approaches, **below is how Ontario and British Columbia** set the various taxes that apply when you just buy a home and on a yearly basis for both locals and foreigners.

Only one-third of Canadians check their credit score before applying for a mortgage. Even fewer actually know what factors can improve or damage their credit score.

If you’re new to Canada and want to start looking into your mortgage options, you’re in luck. Given the increasingly closed-off immigration policies in America, Canada knows that its policy to openly encourage immigration comes at an opportune moment.