Proof of Funds?

[maxrevs55]

I am trying to apply for a study permit but am encountering problems providing proof of funds. I'm currently selling my house in the UK which will provide more than enough to cover all associated costs but as it stands I don't have that money in an account. Does anybody know if a mortgage redemption statement and house valuation would be sufficient to get the ball rolling? By the time my course starts next February I will have the funds in a Canadian account to satisfy Immigration on entry. My concern at the moment is that if I need the funds prior to applying I will not have enough time between selling the house, applying for the permit and starting the course. Any help/advice would be gratefully received. Thanks.

[thaiguy]

One of the reasons immi wants you to show proof of funds early I think is so that people aren't caught without sufficient funds when they arrive in Canada.  In other words, they're just trying to get you to plan ahead.  But it is inconvenient to have that much money tied up in cash, isn't it?

It is technically illegal to borrow the money.  But maybe you have a relative who will give you an advance against the sale of your house?  Just a suggestion.

Another note - you could also take out a small, second mortgage.  As long as the home is sold for more than your combined mortgages, you'll be ok.