Maple News reports that newcomers to Canada seeking to purchase their first home now have access to a valuable educational resource. A new webinar titled “Mortgage Basics: A Newcomer’s Guide to Financing a Home in Canada” has been launched to help immigrants better understand the Canadian mortgage system and how they can finance a home.
For many new arrivals, navigating the homebuying process in Canada can be daunting, especially when unfamiliar with local banking procedures and credit systems. This webinar aims to bridge that gap by breaking down the fundamentals of mortgage financing, with a focus on the unique needs and challenges faced by immigrants.
The presentation covers key topics including the types of mortgages available in Canada, how to build credit as a newcomer, what lenders typically look for in a mortgage application, and tips on budgeting for a down payment and closing costs.
The webinar also features insights into common challenges faced by first-time homebuyers—such as lack of credit history or limited employment background—and provides tips on how to address them using tools available in the Canadian financial system.
Delivered by experienced mortgage professionals, the session includes actionable advice and real-world examples that help viewers better understand the steps required to gain mortgage approval.
According to Maple News, this initiative reflects a growing recognition of the need to support immigrants in achieving long-term financial security and integration. Homeownership can be a key milestone on that journey—one that requires both financial knowledge and strategic planning.
The free on-demand webinar is accessible via YouTube, offering newcomers the flexibility to learn at their own pace and convenience.
For immigrants aspiring to put down roots and invest in their future, this practical guide provides a strong foundation to begin the homebuying journey in Canada.