Mortgages in Canada

Our specialist mortgage brokers specialise in obtaining the best mortgage products in Canada giving advice and assistance in raising finance in your own country.

 

Eligibility for a mortgages in Canada

Includes Canadian Residential Properties

If you are considering purchasing a property in Canada, Canadian Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for Home Improvement purposes only.

 

Mortgages in Canada

Max 70% LTV Max term 25 years Minimum loan CN$50,000 Canadian Dollars only Repayment only Max age N/A Rates from approx 6.25%

*LTV = Loan to Value

The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).

 

Canadian mortgages

 

Type of Canadian Mortgage: Repayment Mortgage only.

Minimum: CDN$50,000, No Maximum, but cannot exceed 70% of valuation or purchase price (whichever is the lower).

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Additional Info : Total Debt Service looks at Gross Annual Income needed to service all debts. Total Debt Service payments not to exceed 37-40% Gross annual income

Term: maximum 25 years

Currency: Canadian Dollars only

Current Variable Interest Rate in Canadian Dollars: from 6.25% Variable. Fixed Rates are also available for varying periods.

 

Example Canadian Mortgage: Repayment mortgage of approx CAD$100,000 over a period of 25 years at a Variable Interest Rate of approx 6.25% = approx CAD$660.00 capital & interest per month = a total approximate amount payable over term of CAD$198,000 exclusive of arrangement & survey fees.

Canadian mortgage quote here!

Are you a serious buyer who is ready to move forward with your purchase? if so we can provide you with an Canadian mortgage quote

 

Good advice and the best mortgage products will save you money!

When buying property in the Caribbean it is important to receive specialist overseas mortgage advice and have a choice of mortgage products available to you. Our overseas mortgage specialist can provide both best of all you could save a great deal of money.

 

How are you financing your Canadian property purchase?

Overseas mortgages are a specialised field and it is an area that requires sound independent advice. The overseas buyer has options to make and these are best examined with an independent financial advisor with expertise in the area of overseas property.

 

Immigrating to Canada

The United Nations ranked Canada the best country in the world in which to live for eight consecutive years, known for its clean, safe, beautiful environment Canada ticks all the right boxes to buy a Canadian home. Ever year, Canada welcomes thousands of new residents. Coming to Canada as an immigrant is an exciting opportunity. Canada’s official source of immigration and citizenship information

 

Canadian regions and provinces

Canada is made up of ten provinces and three territories.

• Alberta
  The province of Alberta is located in western Canada.

• British Columbia
  British Columbia is Canada's gateway to the Pacific

• Manitoba
  The province of Manitoba is located in central Canada.

• New Brunswick
  New Brunswick is located in Atlantic Canada.

• Newfoundland and Labrador
  Newfoundland and Labrador is located in Atlantic Canada

• Nova Scotia
  Nova Scotia is located in Atlantic Canada

• Ontario
  Ontario is located in central Canada

• Prince Edward Island
  Prince Edward Island is located in Atlantic Canada.

• Quebec
  Quebec's French Canadian culture makes it unique in Canada

• Saskatchewan
  The province of Saskatchewan is located in central Canada

Canadian quick facts

• Landscape:  Mountains, Prairies, Desert, Arctic Tundra, Glaciers, Valleys, Foothills, Rivers, Lakes, 9,976,000 sq km (3.9 million sq mi)
• Population:  30 Million
• Capital city:  Ottawa, Ontario (pop:  1,010,500)
• People:  British descent (28%), French descent (23%), Italian descent (3%), aboriginal peoples (2%), plus significant minorities of German, Ukrainian, Dutch, Greek, Polish and Chinese
• Languages Official languages are English and French

Useful Canadian property resources 

• Useful web site dedicated to travelers visiting Canada Travel Canada  
•  Official Canadian government information Canada Government