{"id":4877,"date":"2019-11-11T11:46:46","date_gmt":"2019-11-11T11:46:46","guid":{"rendered":"https:\/\/www.matrixmortgageglobal.ca\/?p=4877"},"modified":"2021-03-31T06:58:49","modified_gmt":"2021-03-31T06:58:49","slug":"how-can-a-non-resident-buy-a-house-in-canada","status":"publish","type":"post","link":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-can-a-non-resident-buy-a-house-in-canada\/","title":{"rendered":"How can a non-resident buy a house in Canada?"},"content":{"rendered":"

If you are a non-resident who is looking to purchase a home in Canada, you will be happy to know that buyers from all over the world are welcome. There are however a few important details that you should be aware of as a non-resident.\u00a0<\/span><\/p>\n

\"How<\/p>\n

What is a non-resident?\u00a0<\/span><\/i><\/p>\n

This is not defined by citizenship but rather lenders will consider you to be a non-resident if you do not earn income or file taxes here in Canada.\u00a0<\/span><\/p>\n

Non-residents will require a higher down payment in order to get a mortgage.<\/span><\/i><\/p>\n

If you are a non-resident and looking to get a mortgage, you are going to have to save a higher down payment than a Canadian resident would. For U.S. residents, you must have a down payment of at least 20%.\u00a0<\/span><\/p>\n

For those who live anywhere other than Canada or the U.S, you must have a down payment of at least 35%. Furthermore, the down payment must be funds that you have saved yourself and not be a gift from someone else.\u00a0<\/span><\/p>\n

What documents do non-residents require when they apply for a mortgage in Canada?<\/span><\/p>\n