JUNE 2013


Can a RESIDENT foreigner obtain a mortgage in Canada What types of Mortgage are available?


Type of mortgage Repayment Fixed Interest


Variable Interest Hybrid


(part fi xed, part variable)


Interest only Purchase


Remortgage Equity Release


Buy to let (assessed on rental income)


Self Certifi ed Available Yes Yes Yes Yes


No Yes


Yes Yes No No


Interest rates from


4.50% 4.75% 4.50% 4.75% N/A


4.50% 4.50%


4.50% N/A N/A Max LTV 70% 70% 70% 70%


N/A 70%


70% 70% N/A N/A Lending From CAD 100,000 From CAD 100,000 From CAD 100,000 From CAD 100,000


From CAD 100,000 From CAD 100,000


From CAD 100,000 From CAD 100,000 N/A N/A Max Term (Years) 30 years 30 years 30 years 30 years N/A


30 years 30 years


30 years N/A N/A


Max Age at Repayment


No Restriction No Restriction No Restriction No Restriction N/A


No Restriction No Restriction


No Restriction N/A N/A


Can a NON-RESIDENT foreigner obtain a mortgage in Canada What types of mortgage are available?


Type of mortgage Repayment Fixed Interest Variable Interest Hybrid (part fi xed, part variable)


Interest only Purchase


Remortgage Equity Release


Buy to let (assessed on rental income)


Self Certifi ed Available Yes


Yes Yes


Yes


No Yes


Yes No No No


Interest rates from


4.50%


4.75% 4.50%


4.75% N/A


4.50% 4.50%


N/A N/A N/A Max LTV 70%


70% 70%


70%


N/A 70%


70% N/A N/A N/A Lending From CAD 100,000


From CAD 100,000 From CAD 100,000


From CAD 100,000 N/A


From CAD 100,000 From CAD 100,000


N/A N/A N/A Max Term (Years) 30 years


30 years 30 years


30 years N/A


30 years 30 years


N/A N/A N/A


Max Age at Repayment


No Restriction


No Restriction No Restriction


No Restriction N/A


No Restriction No Restriction


N/A N/A N/A 43


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