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denise
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 13-Nov-00, 00:59 AM (EST)
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"Mortgage and such matters"
 
   I wonder if you could clarify for me why there is an apparent dicrimination against newly landed immigrants in terms of a minimum 35% deposit on real estate as opposed to 5% for citizens? I have been told that this is the law. Also is there any guide for the new immigrant re: acquiring real estate?
Thanks much for your assistance.


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dcohenadmin
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2014 posts		 30-Nov-00, 04:03 PM (EST)
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1. "RE: Mortgage and such matters"
In response to message #0
 
   This is generally an issue relating to the absence of a Canadian credit history. I do not believe it is based on any legislation, however.

Information on acquiring real-estate in Canada should be available at our web site in the early part of 2001.
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Campbell,Cohen - attorneys at law
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