I am a retired real estate financing profession with 50 years of experience behind me. First of all, some banks and first line leaders had special programs for new Canadians with specific qualification requirements. I have no idea if they still exist. The best thing is to go to a reputable mortgage banker because they should now what all the available mortgage programs are. The rules have changed a lot in Canada in the last few year. And you should not go to a private lender at al if you are new to the Canadian mortgage scene. Too many complications and not all to your benefit. I have taken a loot at that Website you have referred to; I am not that impressed.

BTW, why are buying? I think it is a wrong time to buy when real estate markets in Canada will go through some tough time in the foreseeable future. When interest rates go up, many mortgages will default and real estate prices will drop? The real estate market has gone through many cycles, and I am afraid it is heading to a down cycle very soon. Have you actually figure out all the costs associated with owning a house? You should follow the Globe & Mails personal finance section. They have some very good advice there regarding home ownership. Rent now is the answer. We have owned our own home for 40 years and have recently sold everything and rent instead.

Good luck.