Property
Canada — Property: Mortgage Availability
Home financing in Canada generally involves lenders assessing income, credit history, financial position and property information. The Financial Consumer Agency of Canada provides guidance on mortgages and borrowing. For newcomers, Canadian credit history (or the lack of it) may affect borrowing options, and requirements differ between lenders.
Key facts
- Lenders typically assess income, credit history, down payment, debt obligations and property details.
- Canadian credit history may affect borrowing options for newcomers.
- Mortgage requirements differ between lenders.