Is it possible to buy a home in Bahrain being here in Canada. Will any of the Canadian banks provide mortgage to purchase a property in Bahrain?
Can Canadian PR buy house in other countries?
- Thread starter muba
- Start date
Speak with your bank. There are ways of doing this but it's not as straight forward as a mortgage for a property in Canada. Essentially the bank will want to have an asset in Canada (i.e. property in Canada) to secure the loan against in order for you to fund the purchase of the property outside of Canada. Again, speak with your bank or with a mortgage broker.
Yes I explored that option, but loc you won’t be gettin a huge amount (approx $200K) and if you go for pl the interest rate would be huge... so that’s the reason I am checking if Canadian banks provide mortgage....
Thanks Scylla. I will talk to my bank to see what they say. I do own a residence here in Canada however there is no equity built in my home...
In that case I'm not sure this will work. The bank needs equity that is in Canada against which to secure your loan.
Anyway - talk to your bank. That's the best move and there may be other options.
Hi Steaky, Really are there options to get more than $200K? I am in GTA. Could you Please let me know the names of some of the fin institute that gives more than $200k. I will definitely go and talk to them. I have a good credit score too more than 730...
