Today’s Mortgage Rates updated as of December 3, 2024 4:36 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
At Citadel Mortgages, we understand the unique challenges faced by newcomers to Canada. Building a new life in a new country is exciting, and owning a home is a big step toward establishing roots. Our New to Canada Mortgage Program is tailored to help newcomers secure competitive rates and achieve their homeownership goals, even without a long Canadian credit history.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
This guide focuses on helping you navigate the Canadian mortgage market, offering insights into current rates, strategies for securing the best deal, and regional trends.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
Tailored Solutions for Newcomers
Whether you’re a permanent resident, a temporary resident, or self-employed, we offer mortgage products to meet your needs.
Access to Top Lenders
Compare mortgage rates and programs from Canada’s leading financial institutions, including options designed specifically for newcomers.
Flexible Requirements
We work with you to overcome challenges like limited credit history or employment tenure in Canada.
Expert Guidance
Our experienced team provides personalized advice and helps you navigate the Canadian mortgage process step by step.
Learn more about today’s best mortgage rates in Canada.
Our New to Canada Mortgage Program is designed to make homeownership accessible for individuals who:
To qualify for a New to Canada mortgage, you’ll need:
Proof of Residency
Proof of Income
Down Payment
Credit History Alternatives
Fixed-Rate Mortgages
Variable-Rate Mortgages
Insured High-Ratio Mortgages
HELOC (Home Equity Line of Credit)
We compare mortgage rates from top lenders, including BMO mortgage rates, CIBC mortgage rates, RBC mortgage rates, TD Bank Mortgage Rates, and MCAP mortgage rates, alongside our exclusive Citadel Smart Home Plan mortgage rates. Let us simplify the process and help you secure approval quickly and stress-free! Compare Mortgage Rates Now
We specialize in helping newcomers navigate common challenges such as:
Limited Credit History
Employment Tenure
Down Payment Sources
Yes! We accept alternative credit documentation, such as rental payment history or international credit reports.
The minimum is 5% for homes up to $500,000 and 10% for any portion above that.
Yes, many lenders offer tailored mortgage products for new immigrants, and Citadel Mortgages ensures you access the best options.
Use our mortgage calculator to gain a clearer picture of what you can expect in terms of monthly payments, interest costs, and amortization schedules. Simply input your loan amount, interest rate, and amortization period to get started. This tool provides estimates to help you make informed decisions as you explore different mortgage options.
Owning a home is a significant milestone for anyone new to Canada. With Citadel Mortgages, you’ll benefit from tailored solutions, expert guidance, and access to the best mortgage rates available. Let us help you start your homeownership journey today.
At Citadel Mortgages, we specialize in helping Canadians navigate the complexities of mortgage rates and terms. Whether you’re looking for a 6-month fixed rate, a 5-year variable, or something in between, our team is here to provide personalized guidance and access to the best rates in Canada.
Copyright © 2018 Citadel Mortgages
Head Office – 150 King Street West 2nd Floor Suite 335, Toronto, ON M5H 1J9
Alberta Office – 421 7th Avenue S.W., 30th Floor, Calgary, Alberta, T2P 4K9
Nova Scotia Office – 1701 Hollis Street, Suite 800 Halifax, NS B3J 3M8
Saskatchewan Office – 2010 – 11th Avenue 7th Floor Regina Saskatchewan S4P0J3
Newfoundland Office – 1 Church Hill – Suite 201-522 St. John’s Newfoundland A1C 3Z7
New Brunswick Office – 500 St George Street, Moncton NB, E1C 1Y3
British Columbia Office – 900-2025 Willingdon Avenue, Burnaby BC, V5C 0J3
Montreal Office – 1155 Rue Metcalfe #1500, Montreal, QC, H3B 2V6
Disclaimer
Citadel Mortgages operates an information-based website designed to display mortgage rates from its trusted partners. While we strive to present accurate and up-to-date information, we cannot guarantee the precision of the rates or other details provided at all times. Citadel Mortgages assumes no liability for errors, inaccuracies, or damages resulting from the use of the information on this site. Terms and conditions apply, and it is essential to consult directly with a licensed mortgage broker for personalized advice and accurate details about specific products and services. Please note that the rates displayed are for informational purposes only and may differ from actual rates offered.
Citadel Mortgages is licensed to operate in the following jurisdictions:
Instant Approval, Conditional Approval, Pre-Approval
All approvals are subject to credit and underwriting approval. Not all borrowers will qualify for conventional or equity financing. The receipt of an application does not constitute a financing approval or guarantee of an interest rate. Restrictions apply. The Annual Percentage Rate (APR) is subject to underwriting and approval, and fees and terms may vary. Contact us for the most current rates and further information about specific products. OAC (On Approved Credit).
We remain committed to delivering outstanding service, transparency, and ethical practices. Please note that some rates are province-specific and may change without notice. Rates may not be available in Quebec; please contact us directly to confirm availability and approval.
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