Question 1

Who qualifies for a new-to-canada mortgages in Markham?

Accepted Answer

Any Canadian resident in Markham who meets the standard new-to-canada mortgages criteria — we help borrowers from Unionville, Cathedraltown, Berczy Village and surrounding GTA. Tech corridor + investor-heavy. Mandarin and Cantonese support is non-negotiable.

Question 2

What's the average newcomer file size in Markham?

Accepted Answer

Markham's benchmark home price is approximately $1,290,000, so the median newcomer file we see here sits in the $1,096,500–$1,483,500 band. Your specific neighbourhood and property type can move that materially.

Question 3

What does a new-to-canada mortgages cost on a typical Markham home?

Accepted Answer

On Markham's $1,290,000 benchmark price, a representative newcomer file at minimum down works out to about $64,500 down and roughly $6,198/mo (principal + interest at 4.19% over a 30-year amortization), plus about $22,275 in Ontario land transfer tax. Your exact numbers depend on the property and your file — we run them precisely before you commit.

Question 4

Why use a Markham mortgage broker for a new-to-canada mortgages?

Accepted Answer

A local broker knows GTA's property types and which of our 100+ lenders price newcomer files best in Markham — from Unionville and Cathedraltown condos to detached stock. Beyond the Big-6 banks and national monolines, that includes regional Ontario lenders like Meridian, DUCA, Alterna Savings — several of which qualify on the contract rate rather than the stress-test rate, which can matter on a tight file. Tech corridor + investor-heavy. Mandarin and Cantonese support is non-negotiable. We compare every option and there's no fee to you on A-lender files.

Question 5

I'm a permanent resident. How much down payment do I need?

Accepted Answer

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.

Question 6

I'm on a work permit. Can I qualify?

Accepted Answer

Yes — 10-35% down typical, depending on lender and permit type. Closed permits with established Canadian employer (12+ mo) are easier than SOWP or short-tenure files. Scotia StartRight is the most flexible.

Question 7

I have no Canadian credit. What are my options?

Accepted Answer

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.

Question 8

Can my down payment come from outside Canada?

Accepted Answer

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.

Question 9

How long does a newcomer take to close in Markham?

Accepted Answer

Most Markham 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 GTA market.

Question 10

What documents do I need for a newcomer in Markham?

Accepted Answer

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.

Question 11

Who regulates a new-to-canada mortgages in Ontario?

Accepted Answer

Mortgage Squad Advisors is a licensed Ontario mortgage brokerage — FSRA (Financial Services Regulatory Authority of Ontario) Brokerage Licence #13737. All advisors are licensed and FINTRAC-trained, and every recommendation follows FSRA's conduct and disclosure rules.

New-to-Canada mortgages in Markham.

New-to-Canada mortgages — built for Markham.

Building a Markham approval without Canadian credit

Down payment from abroad and source-of-funds

New-to-Canada mortgages across Markham

New-to-Canada mortgages in Markham — common questions.

Other mortgage solutions in Markham

New-to-Canada mortgages in other Ontario cities

New-to-Canada mortgages in Markham: helpful guides & tools

Ready to start your new-to-canada mortgages in Markham?