New to Canada Mortgage Program and Stats
Below are some interesting numbers of New to Canada residents.
We specialize in New to Canada programs as there are many in’s and out’s with the details.
Because New to Canada people do not have the standard 2 years of Canadian credit history here to buy a home, there are special programs that help them buy as soon as they have a full-time, perminant job.
The Short Version of what is needed:
- a full time permanent job position and either
- 5% down payment from your own savings if you have a foreign credit report OR
- 10% down from own savings if you do not have a foreign credit report
Give us a call to discuss the details of how this program may work for you!
Mortgage Mark Herman, Top Calgary Alberta Mortgage Broker, 403-681-4376
Facts and figures 2013 – Immigration overview: Permanent residents
Canada – Permanent residents by source country
| Source country | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| People’s Republic of China | 36,620 | 42,584 | 33,518 | 27,642 | 30,037 | 29,622 | 30,391 | 28,503 | 33,024 | 34,126 |
| India | 28,235 | 36,210 | 33,847 | 28,742 | 28,261 | 29,457 | 34,235 | 27,509 | 30,932 | 33,085 |
| Philippines | 14,004 | 18,139 | 18,400 | 19,837 | 24,888 | 28,573 | 38,617 | 36,765 | 34,314 | 29,539 |
| Pakistan | 13,399 | 14,314 | 13,127 | 10,124 | 8,994 | 7,217 | 6,811 | 7,468 | 11,227 | 12,602 |
| Iran | 6,348 | 5,837 | 7,480 | 6,974 | 6,475 | 6,580 | 7,477 | 7,479 | 7,533 | 11,291 |
| United States of America | 6,990 | 8,394 | 9,613 | 9,463 | 10,190 | 8,995 | 8,142 | 7,675 | 7,891 | 8,495 |
| United Kingdom and Colonies | 7,533 | 7,258 | 7,140 | 8,216 | 8,979 | 8,876 | 8,724 | 6,204 | 6,195 | 5,826 |
| France | 4,391 | 4,429 | 4,002 | 4,290 | 4,532 | 5,051 | 4,646 | 4,080 | 6,280 | 5,624 |
| Iraq | 1,796 | 2,226 | 1,788 | 2,406 | 3,543 | 5,450 | 5,941 | 6,196 | 4,041 | 4,918 |
| Republic of Korea | 5,352 | 5,832 | 6,215 | 5,920 | 7,294 | 5,874 | 5,537 | 4,589 | 5,315 | 4,509 |