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A New Comer To Canada ™Program

February 25th, 2020

Qualified homebuyers that have relocated or immigrated to Canada within the last five years meet the criteria under Genworth Canada’s not used to Canada program to buy a house with as low as a 5% advance payment.

Find out about the brand new To Canada Program with this helpful guide.

Acceptable Loan Purpose and Applicable Loan-to-Value Limits

Buy Transactions:

  • 95% LTV
    • Home value = $500,000 – 5% deposit needed
    • Home value > $500,000 and *For new construction properties within the regions (Yukon, Northwest and Nunavut Territories) where brand new Residence Warranty is not an alternative, Lenders must obtain either the occupancy license or even a third-party report from a expert professional such as for example: an inspector, designer or engineer. » Read more: A New Comer To Canada ™Program