Welcome to Canada!
As a new immigrant, it does not mean that you have to wait forerver to buy a home. It isuggested you purchase a home. If you have been in Canada for less than three years, have landed immigrant status, and have been employed in Canada for a minimum of 24 months, filed your Income Tax and none owing, you may qualify for a mortgage.
Your Down Payment requirment will be indicative of your credit.
*Subject to approved credit, income verification and meeting lending credit granting criterea. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E All content is subject to change without notice.