[PDF] Buying your first home in Canada – What newcomers need to know

Who is considered a newcomer in Canada?

Typically, banks will consider you a newcomer if you’re a permanent resident (PR) who has lived in Canada for less than three to five years. Some banks, like RBC, also offer newcomer products and offers to international students and temporary foreign workers.

What is services for newcomers?

Services for Newcomers (previously known as Low German Mennonite Services) has been in operation in Southern Alberta for over a decade working with Low German Mennonites (including Mexican Mennonites). The office in Taber assists with settlement issues as well as issues related to better employment, education, and mental health.

What are the challenges for newcomers to Canada?

Newcomers are those who settled in Canada less than five years ago. Employment challenges: Highly educated immigrants have many skills to offer and are very important to Canada’s social and economic well-being. Nevertheless, newcomers to Canada have a hard time finding work in Canada, especially work related to their skills and experience.