New to Canada Program
Helps individuals who have recently immigrated or relocated to Canada to purchase property with as little as 5% down.

Help New Canadians Secure a Place to Call Home
The New to Canada Program provides the opportunity for customers who have recently arrived in Canada to buy a home.
Premium Rate:
LTV Ratio | Premium Rate | Top-Up Premium |
---|---|---|
Up to 65% | 0.60% | 0.60% |
65.01% - 75% | 1.70% | 5.90% |
75.01% - 80% | 2.40% | 6.05% |
80.01% - 85% | 2.80% | 6.20% |
85.01% - 90% | 3.10% | 6.25% |
90.01% - 95% | 4.00% | 6.30% |
Eligible Products
- Homebuyer 95 Program
- Progress Advance Program
- Purchase Plus Improvements Program
Eligibility
- Borrowers must not be prohibited from purchasing a property under the "Prohibition on the Purchase of Residential Property by Non-Canadians Act"
- Borrowers must have a valid work permit or permanent residency
- Borrowers must have a minimum of 3 months full-time employment in Canada (those transferred under a corporate relocation program are exempt)

Learn more about this program in the Underwriting Policies & Standards (UPS)
View New To Canada Program in UPSPremium Calculator
The Premium Calculator helps you calculate the mortgage insurance premium on any Sagen™ products.
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