Assumes permanent resident status. A foreign national on a work or study permit brings the same cash to closing here: Quebec levies no non-resident purchase tax. What changes is the lender’s overlay, not the tax bill.
The payment above uses a 30-year amortization. An insured file only gets one as a first-time buyer or on new construction, and property owned abroad in the last four calendar years ends that — at 25 years the same mortgage is $3,292/mo.
Illustrative only. Actual rate, qualifying amount, and premium depend on your file. Get an exact number with a senior advisor or Maya AI.
New-to-Canada mortgages in Longueuil — the local picture
Longueuil's median single-family home price sits around $628,000 (Quebec, population ~265k). Newcomer files are ordinary files in Longueuil, from Saint-Hubert to Greenfield Park, and they fail for an ordinary reason: the page you read before this one priced a purchase for a permanent resident and you may not be one. What changes the arithmetic is not your credit history but your status: a permanent resident buying at Longueuil's $628,000 median single-family home price needs $37,800 down and about $50,734 in total cash at closing, while a foreign national on a work permit buying the identical house owes no non-resident purchase tax here at all — Quebec levies none — and meets the difference as a lender overlay on the down payment instead.
Same licensed-brokerage standard. Same 100+ lender network. Same dedicated advisor model — applied to Greater MTL's specific lender appetites and property types.
Every Big-5 newcomer program plus National Bank's — RBC, Scotiabank StartRight, BMO NewStart, TD, CIBC, NBC
International credit reports accepted (Equifax + TransUnion International)
Newcomer FHSA + RRSP HBP planning from your first year as a tax resident
Tiered legal minimum down on insured files — permanent residents and work permits alike (CMHC, Sagen, Canada Guaranty)
International employer letter accepted at certain lenders
Foreign-owned property, foreign debt and foreign rental income assessed before pre-approval, not after
Down payment from abroad — we handle FINTRAC source-of-funds
Alternative credit acceptable: rent, utilities, telecom, insurance
Non-resident speculation taxes mapped before you offer — Ontario's 25%, BC's 20% in five regional districts, Nova Scotia's 10% — with the rebate clocks that apply to each
Your status decides the file: three paths on the same Longueuil home
Your immigration status, not your credit history, is what changes the arithmetic. This is the whole difference on Longueuil’s $628,000 median.
Your status
Minimum down payment
Non-resident purchase tax
Federal purchase ban
Insured amortization
Permanent resident
$37,800 (6%) — the federal tiered minimum
None. A permanent resident is not a foreign national.
Exempt outright — the Act does not apply to you.
25 years insured, 30 only as a first-time buyer or on new construction
Work permit (foreign national)
$37,800 at the insurer minimum — lenders commonly overlay more
None. No non-resident purchase tax is levied here — the difference shows up as a lender overlay instead.
Exempt with 183+ days left on the permit and no more than one property bought
25 years insured, on the same two exceptions
Study permit (foreign national)
$19,250 on the condominium — Le Vieux-Longueuil row at $385,000 — the only local segment under the $500,000 ceiling
None. No non-resident purchase tax is levied here.
Exempt only with 5 years of filed returns, 244 days in Canada in each of them, and a price at or under $500,000
25 years insured
Down payments are the federal tiered rule applied to this market’s own median, and Quebec levies no non-resident purchase tax to add to it. Individual lenders set higher down-payment requirements than the insurers do on non-permanent-resident files — that overlay is what we shop.
What actually changes when your status changes
Three legally different buyers get treated as one "newcomer" on almost every page you will read, and on the same Longueuil house the difference between them is smaller than the internet suggests, but it is not nothing. A permanent resident is not a foreign national: no federal purchase restriction, and full access to every insured programme at the ordinary tiered minimum down payment — $37,800 on Longueuil's $628,000 median single-family home price. A foreign national holding a work permit can be insured to the same 95% loan-to-value by all three of Canada's default insurers, so the legal minimum down payment is identical, and in Quebec there is no non-resident purchase tax to add to it, and individual lenders layer their own higher down-payment requirements on top of the insurer's rule. That overlay is the part a broker can shop; the insurer's rule is not. A foreign national on a study permit is in the hardest position of the three, and in Longueuil it is the federal $500,000 price cap rather than the mortgage that ends most of those conversations — it sits well below the $628,000 median single-family home price here.
What a non-permanent resident actually pays extra in Longueuil
Quebec levies no non-resident purchase tax. Three jurisdictions in Canada do — Ontario province-wide, British Columbia in five specified regional districts, and Nova Scotia — and Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Prince Edward Island and Newfoundland and Labrador do not. A foreign national buying in Longueuil pays the same land transfer or registration cost a Canadian citizen pays on the same property, which is a genuine advantage and one nobody advertises. What still applies is the federal purchase ban described below, and the lender overlays that meet every non-permanent-resident file. So the honest answer to the question this section usually exists to answer is that the tax line is $0. What you do pay is what everyone pays: $7,531 of land transfer and registration cost on Longueuil's $628,000 median single-family home price, the down payment, and the closing stack of legal fees, title insurance, inspection and adjustments that runs roughly $3,278 here. Where a non-permanent-resident file does cost more is in the two places nobody prints: a lender overlay demanding more down payment than the insurer's rule requires, and a thinner lender list, which is where the pricing difference actually shows up. Both are shoppable, which is the entire reason to use a broker on this file rather than a branch. And one warning that applies in every province: if you are buying with a spouse or a parent who is a foreign national and you are moving to a province that DOES levy a non-resident tax later, the tax follows the property, not you.
Canada's foreign buyer ban, and what changes on 1 January 2027
The Prohibition on the Purchase of Residential Property by Non-Canadians Act applies to residential property inside a census metropolitan area or a census agglomeration as those were defined in the 2016 census, and not outside one. That is a question about the property's census geography rather than about its address, we confirm it on your file before an offer goes in, and it is the first thing to settle if you are a non-Canadian buying in or near Longueuil. Permanent residents are outside it entirely. A work-permit holder is exempt where the permit has 183 or more days of validity remaining on the date of purchase and they have not bought more than one residential property. A study-permit holder is exempt only on much harder terms: income tax returns filed for each of the 5 taxation years before the purchase, physical presence in Canada of at least 244 days in each of those 5 calendar years, no more than one property purchased, and a price at or under $500,000. Buying in breach is an offence carrying a fine of up to $10,000 and a court-ordered sale of the property. Two things about it are worth planning around. The Act expires on 1 January 2027 — it was extended once, in February 2024, and no further extension has been tabled — so a purchase closing after that date is currently on a different legal footing from one closing before it. And the ban is the ONLY purchase restriction that reaches a Quebec buyer — there is no provincial tax behind it here, so its expiry genuinely does change the position rather than moving the cost somewhere else.
The same Longueuil house, two closing days
Take Longueuil's $628,000 median single-family home price and change nothing but the buyer's status. A permanent resident puts $37,800 down (6% — 5% of the first $500,000 and 10% of the rest), finances a 4.00% default-insurance premium of $23,608 into the mortgage, and brings $50,734 to the lawyer once you add $7,531 of land transfer and registration cost, the $2,125 of provincial sales tax on that premium — which cannot be financed — and roughly $3,278 of legal, title, inspection and adjustments. A foreign national on a work permit, insured to the identical loan-to-value at the identical minimum down payment, brings $50,734 — the same figure, because Quebec charges a non-permanent resident nothing extra at closing. Put a conventional 20% down instead, which is roughly where lender overlays on non-permanent-resident files tend to land, and the cash needed is $136,409: no insurance premium and no premium tax, but $125,600 of down payment instead of $37,800. The monthly payment is the smaller story — $3,292 against $2,695 in principal and interest at 4.19% over 25 years. The closing-day number is the one that decides whether the purchase happens, and on a file with no non-resident tax on it the thing worth shopping is the lender overlay, which is where a work-permit buyer's real premium is hiding.
Why the study-permit path rarely works in Longueuil
The federal exemption for study-permit holders is capped at a $500,000 purchase price, and that cap does most of the work here. In the board release this page is built on, 4 of Longueuil's 5 reported property types sold above it. The one segment that fits is condominium — Le Vieux-Longueuil at $385,000, on 189 sales in the month — so the exemption is real and it points at a single, thin slice of the market. On a purchase at that price a study-permit buyer needs $19,250 of down payment, and owes no non-resident purchase tax on top of it. Add the exemption's other conditions — 5 years of filed Canadian returns and 244 days of physical presence in each of them — and most people who ask about this are, on the facts, better advised to wait for a post-graduation work permit and then for permanent residence. We would rather tell you that at the start than at the lawyer's office.
Which insurer takes your file: CMHC, Sagen and Canada Guaranty
Below 20% down your mortgage has to be insured, and the insurer's appetite decides the approval at least as often as the lender's does. All three of Canada's default insurers run a dedicated newcomer programme, all three insure a valid work permit as readily as permanent residence, and all three go to 95% loan-to-value on a one- or two-unit owner-occupied home — which is why the "work permit means 10 to 35 percent down" line you will read elsewhere is a description of lender overlays rather than of the rules. Where they genuinely differ is in what they will accept instead of a Canadian credit bureau, and that is usually the whole file. CMHC wants a minimum score of 600 from at least one borrower or guarantor and will otherwise look at an international credit report, a reference letter from your bank in your country of origin, or 12 months of rent plus one further obligation. Sagen will take an international bureau, 12 months of bank or billing statements evidencing payment consistency, a reference letter from a recognised financial institution, or six months of primary-account statements at 90% LTV or less. Canada Guaranty's Maple Leaf Advantage adds a landlord-letter route: 12 months of confirmed rent supported by statements, plus at least one Canadian utility. Two rules are common to all three and catch newcomers out constantly: every debt held outside Canada counts against your total debt service ratio, and rental income earned outside Canada does not count as income at all. Where all three agree is the arithmetic: gross debt service capped at 39% of income, total debt service at 44%, both measured under the OSFI B-20 stress test at the greater of your contract rate plus two per cent or 5.25% — so a 4.19% offer is tested at 6.19%. You do not choose the insurer; the lender submits to one. The practical value of a broker here is knowing which lender's insurer will read your particular file most generously before the application is made.
The 25-year cap most newcomers do not see coming
An insured mortgage is capped at a 25-year amortization. The 30-year option that every article about the December 2024 reforms mentions applies only above 80% loan-to-value and only where the borrower is a first-time buyer or is buying newly built construction — and "first-time buyer" is a defined term that looks at property you owned anywhere in the world, not only in Canada. A newcomer who owned a flat in their home country in the previous 4 calendar years is not a first-time buyer for this purpose, which quietly costs them the 30-year option. The difference is not cosmetic: on the $613,808 mortgage this page models, 25 years is $3,292 a month against $2,985 at 30, and because the B-20 stress test measures a payment rather than a balance, the shorter amortization raises the income you need to qualify by roughly the same proportion — about $144,000 of household income at a 6.19% qualifying rate rather than the contract 4.19%. The same foreign-ownership look-back reaches further than the amortization. It also removes the $5,633 of first-time-buyer land transfer relief this purchase would otherwise attract in Quebec, because that relief is restricted to purchasers who have never held an interest in a home anywhere in the world.
FHSA and the Home Buyers' Plan in your first years as a tax resident
Both of Canada's tax-sheltered down-payment tools are open to newcomers, and they open at different speeds — which is the planning point almost nobody makes. A First Home Savings Account needs only that you are a resident of Canada, 18 or older, and a first-time home buyer, so a permanent resident can open one in their first weeks here and start $8,000 a year of deductible contributions toward a $40,000 lifetime limit, growing and coming out tax-free for a qualifying home. There is no minimum holding period before a qualifying withdrawal — that two-year rule you may have read is a misremembering of the RRSP Home Buyers' Plan's 90-day contribution rule. The Home Buyers' Plan is the one that will not be there in year one: it lets you withdraw up to $60,000 from your RRSPs, but RRSP contribution room is generated by earned income reported on a prior year's Canadian return, so a newcomer who landed this year has none of it yet. Practically, that means the FHSA first and the HBP from year two or three. Both are gated by the same trap: "first-time home buyer" counts a home you owned as your principal residence in the current or previous 4 calendar years anywhere in the world, so property you still hold — or sold on the way here — can void both. The spouse rules differ between them in a way worth checking rather than assuming: for the HBP a home your spouse owned and you lived in counts against you, and for an FHSA qualifying withdrawal it does not, though it does bar you from opening the account in the first place. Repayment is also further off than the old rule suggests: for a first HBP withdrawal made between 1 January 2026 and 31 December 2028, the 15-year repayment period starts in the fifth year after the withdrawal rather than the second.
Your down payment, your foreign debts and the paperwork closings fail on
Money arriving from outside Canada is fine; money arriving late is not. Lenders and FINTRAC want a 90-day history for down-payment funds, so the clean route is to have the money sitting in your Canadian account 90 days before closing. Where that is not possible, the file needs a documented transfer trail instead — the source of the funds abroad, the wire records, and a source-of-wealth letter — and gifted funds need a signed gift letter naming the relationship and confirming the money is not repayable. None of the three insurers will accept a borrowed down payment on a newcomer programme, so a personal loan or an unsecured line of credit is not a route here even though it is on some domestic products. Two qualifying rules deserve their own line, because they are the ones that move a pre-approval after it has been given: every debt you hold outside Canada — a mortgage on a property at home, a car loan, a student loan — is included in your total debt service ratio, and rental income from a property outside Canada is excluded from the calculation entirely. A borrower with an overseas rental that comfortably covers its own mortgage will find the payment counted and the rent ignored. And who goes on title is a decision worth making with the numbers in front of you rather than at signing: a non-resident spouse on title attracts no purchase tax in Quebec, but their status still reaches the file through the lender's overlay and through which insurer will take it, so it is a mortgage decision even where it is not a tax one.
What your income documents look like, by how you are paid
Salaried employment is the straightforward case: a letter on company letterhead giving your job title, start date, salary and whether the position is full-time and permanent, two recent pay stubs, and a T4 or Notice of Assessment once you have one. Probation is usually workable if the letter says the role is permanent. On a contract, expect the contract itself plus three months of bank statements showing the deposits actually landing, and expect the lender to look at how much of the term remains. If you are self-employed in Canada, the newcomer programmes will not carry you — all three insurers exclude business-for-self from their newcomer products — so that file is underwritten on its own terms and the add-back questions on our Longueuil self-employed page apply instead. If you are still earning abroad, a small number of lenders will read a foreign employer letter with foreign tax returns and a currency conversion, and most will not; that is a narrow lender list rather than a policy, and finding it is the work. Whatever the structure, bring the immigration document itself — the permanent resident card, the confirmation of permanent residence, or the work permit with its expiry date visible. Every insurer requires it in the file, and a permit expiring inside the term is a question the underwriter will ask before the appraisal is ordered rather than after.
Six expensive mistakes newcomers make buying in Longueuil
One: assuming that because Quebec charges no non-resident purchase tax, status does not reach the file. It decides the lender list, the overlay on your down payment and which insurer will take it, and on most of these files those are worth more than the rate. Two: applying at the branch where you opened your first Canadian account, because it is the institution you know. Bank newcomer programmes — RBC Newcomer Advantage, Scotiabank StartRight, BMO NewStart, TD New to Canada, CIBC Newcomer and National Bank's newcomer offer — are real products worth having, but each bank sees only its own rate sheet and its own overlay on non-permanent-resident files. Three: moving the down payment into Canada in the last month before closing and then being unable to document its source. Four: assuming a home owned abroad is irrelevant, when it decides your FHSA eligibility, your HBP eligibility, the $5,633 of first-time-buyer land transfer relief this purchase attracts in Quebec and the 30-year amortization all at once. Five: letting a permit that expires inside the mortgage term reach the underwriter as a surprise rather than as a plan. Six: waiting to open a Canadian credit file until you are ready to buy. Every insurer's alternative-credit route asks for 12 months of history — rent, utilities, telecom, insurance, documented savings — so the file you want at application is one you had to start a year earlier. If you are 12 months out from buying in Longueuil, that is the single highest-value thing to do this week.
What each default insurer will accept instead of a Canadian credit file
You do not choose the insurer — your lender submits to one. Knowing which of the three will read your file most generously before the application goes in is most of the work.
Permanent residents, and non-permanent residents legally authorised to work in Canada
95% on 1–2 units, 90% on 3–4 (owner-occupied). Non-permanent residents cannot use a non-traditional down payment.
Minimum score 600 for at least one borrower or guarantor; failing a Canadian bureau, an international credit report, a letter of reference from your bank in your country of origin, or 12 months of rent plus one other obligation
Valid work permit or permanent residence. Foreign diplomats and appointees are ineligible.
95% on 1–2 units, 90% on 3–4. Business-for-self, borrowed down payment and second homes are excluded from the programme.
An international credit bureau, 12 months of bank or billing statements showing payment consistency, a letter of reference from a recognised financial institution, or — at 90% LTV or less — six months of primary-account statements
Permanent resident or landed immigrant status, or a valid work permit. No previous bankruptcy, foreclosure or mortgage arrears.
95% on 1–2 units, 90% on 3–4. No borrowed down payments; maximum LTV can be cut by local market conditions.
An international credit bureau; or 12 months of landlord-confirmed rent plus a utility; or 12 months of bank statements from a Canadian or home-country institution; or a reference letter covering six months of banking
Read from each insurer’s own current product page, verified 31 August 2026. Quebec levies no non-resident purchase tax; the three that do are Ontario, British Columbia in five specified regional districts, and Nova Scotia, and the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act and its regulations are at the Justice Laws website. Figures are illustrative and your own file decides the numbers.
Building a Longueuil approval without Canadian credit
A thin or non-existent Canadian credit file doesn't have to stall a Longueuil purchase. Three paths work: an international Equifax or TransUnion report covering 90+ countries; alternative credit built from rent, utilities, telecom, and insurance payment history; and the banks' dedicated newcomer programs — RBC Newcomer Advantage, Scotiabank StartRight, BMO NewStart, TD New to Canada, CIBC Newcomer and National Bank's — none of which require established Canadian credit. We match your specific status — PR, work permit, or in-progress — to the lender most likely to say yes.
Down payment from abroad and source-of-funds
Funds arriving from outside Canada are fine, but the paperwork matters. Transfer the down payment to your Canadian account at least 90 days before closing, or document the international transfer trail with a source-of-wealth letter. We coordinate the FINTRAC source-of-funds requirements up front so a fully approved Greater MTL file doesn't stumble at the lawyer's office days before close. Permanent residents put as little as 5% down, and so, at all three default insurers, do holders of a valid work permit — CMHC, Sagen and Canada Guaranty each insure to 95% LTV on a one- or two-unit home. The 10–35% you will read elsewhere is a lender overlay layered on top of the insurer's rule, not the rule itself, which is exactly the kind of thing worth shopping.
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From Saint-Hubert to Le Vieux-Longueuil — we know the local market, the typical newcomer file size, and the lender appetites that fit each pocket of Longueuil.
Saint-Hubert
Post-war detached and plex
An attainable, reliably insurable band. Plex stock is ordinary here, and two to four units is a multi-unit file with a rental offset and its own down-payment rule.
Greenfield Park
1950s–70s detached, mature lots
Established stock where roof, furnace and wiring age drive the appraisal conditions and the property-insurance binder your lender requires before funding.
LeMoyne
Small older detached and plex
The most affordable pocket locally, with a high share of converted and plex ownership — registration status is the first thing an appraiser and a lender will test.
Le Vieux-Longueuil
Pre-war and post-war detached, plex and converted condo around the historic core
Condominiums are the most common newcomer entry point, and the corporation is assessed alongside a file that may already be relying on international credit — the status certificate review is not a formality here.
Regional Quebec lenders we shop — alongside the Big-6 banks and national monolines:
Desjardins Laurentian Bank
FAQ
New-to-Canada mortgages in Longueuil — common questions.
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Who qualifies for a new-to-Canada mortgage in Longueuil?
Any Canadian resident in Longueuil who meets the standard new-to-Canada mortgage criteria — we help borrowers from Saint-Hubert, Greenfield Park, LeMoyne and surrounding Greater MTL.
What's the average newcomer file size in Longueuil?
Longueuil's median single-family home price is approximately $628,000, so the typical newcomer file we see here sits in the $533,800–$722,200 band. Your specific neighbourhood and property type can move that materially.
What does a new-to-Canada mortgage cost on a typical Longueuil home?
On Longueuil's $628,000 median single-family home price, a representative newcomer file at minimum down works out to about $37,800 down and roughly $2,985/mo (principal + interest at 4.19% over a 30-year amortization). Budget about $7,531 for Longueuil’s welcome tax on top, which the city bills months AFTER closing rather than collecting on the day. Your exact numbers depend on the property and your file — we run them precisely before you commit.
Why use a Longueuil mortgage broker for a new-to-Canada mortgage?
A local broker knows Greater MTL's property types and which of our 100+ lenders price newcomer files best in Longueuil — from Saint-Hubert and Greenfield Park condos to detached stock. Beyond the Big-6 banks and national monolines, that includes regional Quebec lenders like Desjardins, Laurentian Bank — several of which qualify on the contract rate rather than the stress-test rate, which can matter on a tight file. We compare every option and there's no fee to you on A-lender files.
I'm a permanent resident. How much down payment do I need?
5% on the first $500K, 10% on the portion to $1.5M, 20% above. The under-20% mortgage is insured by CMHC, Sagen, or Canada Guaranty (premium financed into the loan). Insured PR mortgages price identically to long-term Canadians.
I'm on a work permit. Can I qualify?
Yes. All three default insurers — CMHC Newcomers, Sagen New to Canada and Canada Guaranty's Maple Leaf Advantage — insure a valid work permit to 95% LTV on a one- or two-unit owner-occupied home, so the legal minimum down payment is the same tiered figure a permanent resident pays. What varies is the LENDER overlay on top: a closed permit with an established Canadian employer and 12+ months of tenure clears far more of them than a short-tenure or open permit does, and several want materially more than the minimum. That overlay is shoppable, which is the point of running the file through 100+ lenders rather than one branch.
I have no Canadian credit. What are my options?
Three paths: (1) International Equifax/TransUnion report covering 90+ countries; (2) Alternative credit letters (telecom, rent, utilities, insurance); (3) Lender-specific Newcomer programs that don't require Canadian credit history.
Can my down payment come from outside Canada?
Yes. Transfer funds to your Canadian bank account at least 90 days before closing, OR provide documented international transfer history with source-of-wealth letter. We coordinate FINTRAC compliance.
Is there a foreign buyer tax on a Longueuil home?
No. Quebec levies no non-resident purchase tax, so a foreign national buying here pays the same $7,531 of land transfer and registration cost on Longueuil's $628,000 median single-family home price that a Canadian citizen pays on the same property. Three jurisdictions in Canada do charge one — Ontario at 25% province-wide, British Columbia at 20% in five specified regional districts, and Nova Scotia at 10% — and none of them reach a purchase here. What still applies is the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act, until it expires on 1 January 2027, and the lender overlays that meet a non-permanent-resident file. Those overlays are the real cost difference on this purchase, and unlike a tax they are shoppable.
Can I buy in Longueuil on a work permit?
Yes, on two conditions. The federal ban applies to residential property inside a census metropolitan area or census agglomeration, so you need 183 or more days of validity left on your permit at the date of purchase and you must not have bought more than one residential property. Financing is available: CMHC, Sagen and Canada Guaranty all insure a valid work permit to 95% loan-to-value, so the legal minimum down payment is the same $37,800 a permanent resident would put down, though individual lenders often require more. There is no non-resident purchase tax in Quebec, so the cash you need at closing is about $50,734 — the same figure a permanent resident brings.
Does permanent residence change what I pay to buy in Longueuil?
Not at the closing table, which surprises people who have read Ontario or Vancouver content. On the same $628,000 house a permanent resident and a work-permit holder both need about $50,734 of cash at closing, because Quebec charges no non-resident purchase tax and all three default insurers write a valid work permit to the same 95% loan-to-value. Where status does change the file is the lender's own overlay — some want more down payment or a shorter permit runway — and that is a shopping problem rather than a waiting one. The one timing question worth taking seriously is a permit expiring inside the mortgage term, which underwriters ask about early.
How do I build a Canadian credit file fast enough to qualify?
You cannot compress it much, which is why starting early matters more than doing it cleverly. Every insurer's alternative-credit route is built on 12 months of evidence — rent confirmed by a landlord letter and bank statements, utilities, telecom, insurance, or documented regular savings — so the practical timeline is: open a Canadian chequing account and a secured credit card in your first weeks, put two recurring bills in your own name, and never miss a payment. Six months in you should have a thin file appearing at Equifax and TransUnion; CMHC wants a minimum score of 600 from at least one borrower or guarantor. In the meantime an international credit report from your home country, or a reference letter from your bank there, can carry the file on its own — all three insurers accept one. The mistake is waiting until you have found a house.
Does the home I owned before moving to Canada affect my Longueuil purchase?
More than most people expect, and in four places at once. Owning a home anywhere in the world — including one you have sold — in the current or previous 4 calendar years removes your first-time-buyer status, which costs you the FHSA, the RRSP Home Buyers' Plan, the $5,633 of first-time-buyer land transfer relief this purchase would attract in Quebec and the 30-year insured amortization that would otherwise be available above 80% loan-to-value. If you still hold the property, the mortgage on it also counts against your total debt service ratio while any rent it earns is excluded from your income entirely. None of that stops the purchase; all of it changes the numbers, and it is better established before a pre-approval than after one.
How long does a new-to-Canada mortgage take to close in Longueuil?
Most Longueuil files close in 21-35 days from approval. Faster on clean A-lender transfers; slower on alt-A or files requiring an appraisal in a fast-moving Greater MTL market.
What documents do I need for a new-to-Canada mortgage in Longueuil?
Standard package: two pieces of government photo ID, two years of T4s/NOAs, recent pay stubs, 90-day proof of down-payment funds, and the property documents (MLS listing or current mortgage statement). Self-employed and newcomer files have additional requirements — we send a precise list after a 5-minute intake.
Who regulates a new-to-Canada mortgage in Quebec?
Mortgage brokering in Quebec is regulated by the AMF (Autorité des marchés financiers). Mortgage Squad Advisors is a licensed brokerage (FSRA #13737, Ontario head office) and arranges Quebec financing in compliance with AMF requirements — directly or through licensed partner brokers where provincial registration requires it. All advisors are FINTRAC-trained. Ask us for the registration details that apply to your file.
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