New to Canada Mortgage in Quebec: Programs, Requirements and Rates
Permanent residents and work-permit holders can buy in Quebec with as little as 5% down, without Canadian credit history, through newcomer programs at most major lenders.
Who a new to canada mortgage in Quebec covers
- Permanent residents inside their first five years in Canada
- Work-permit holders with a valid permit and Canadian employment
- Anyone with thin or no Canadian credit history but a real income
What Quebec lenders look for
| Permanent residents | Newcomer programs at every default insurer. Down payment from 5%, with an international credit report or alternative credit evidence in place of a Canadian bureau. |
| Work permits | Generally 10% down, a valid permit with reasonable time remaining, and Canadian employment. Fewer lenders, but real options. |
| Alternative credit | Twelve months of rent paid on time plus two other accounts — utilities, phone, insurance — will substitute for a credit score at most lenders. |
| Foreign income | Income earned outside Canada is difficult and generally needs to be sourced to a Canadian account. Expect a narrower lender list. |
New to Canada mortgage rates in Quebec
Newcomer programs price on the normal insured shelf. A newcomer with a clean file should not be paying a premium for being new.
What a typical purchase looks like
| Typical price | $623,000 |
| Minimum down payment | $37,300 |
| droits de mutation | $7,456 |
Averaged across 4 Quebec markets we track. Calculate yours →
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New to Canada mortgages across Quebec
Prices and property tax vary widely inside the province, and both feed your qualification.
| Market | Typical price | Minimum down | |
|---|---|---|---|
| Montreal | $645,000 | $39,500 | Affordability → |
| Quebec City | $508,000 | $25,800 | Affordability → |
| Laval | $850,000 | $60,000 | Affordability → |
| Gatineau | $489,950 | $24,498 | Affordability → |
New to Canada mortgage questions for Quebec
Do I need Canadian credit history?
No. Newcomer programs accept an international credit report or alternative credit — typically twelve months of rent plus two other accounts paid on time.
Can I buy on a work permit?
Yes, at a reduced lender list and usually 10% down. The permit needs enough time remaining that the lender is comfortable, and the income needs to be Canadian.
Is there a foreign buyer ban?
Restrictions on non-Canadians purchasing residential property have applied in recent years, with exemptions for permanent residents, work-permit holders and international students meeting conditions. Confirm current status before committing — this is the area that changes most often.
What does it cost to close in Quebec?
Transfer duties (welcome tax) on a $623,000 purchase comes to $7,456, due in cash on closing. Full Quebec closing costs →
New to Canada in Quebec?
Send us the file and a licensed broker comes back with what is realistically available — which lenders will take it, at what rate, and what they will want to see.
