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I have done such mortgage deals before and I can confirm that as long as the borrower has the required down payment and Canadian income, foreign property liability should not be an issue.

I beg to differ. Any property purchase in Canada is driven by credit report which would look at Canadian assets and liabilities to determine the mortgage qualification. As I mentioned earlier, as long as one can provide the required down payment and Canadian income required to qualify for the...

I am not sure if you are still actively looking for an advice but your Indian loan would not affect your Canadian mortgage classification as long as you have income/savings supporting your down payment & purchase qualification. Period. Nothing else. Reach out to me if you have any further...

Shared my thoughts as it could be useful for others and this is one of the most commonly asked questions.

There are some financial institutions which consider credit scores of other countries. You can DM me if you need more information.

If you intend to make the monthly payment/transfer of around $1000 CAD from your Canadian bank accounts, that would definitely affect your future Canadian mortgage eligibility/qualification.

Yes you should be able to buy a property without NRST with your COPR.

Glad that you worked it out. As it’s a gift from parents, you may have to sign up a gift letter when you are closing your mortgage.

I can help you with the process. Pls message me for details if you are still looking.

Required docs depends on where you want the buy the property as well...

Rates are lower and are expected to be low short-term. Also, there is no specific change particularly for Indian citizens.

Being a Mortgage professional myself, i know that banks tend to play safe when it comes to qualifying you for a mortgage whereas its not the case with Brokers as they work not only with Big banks but also with less reputed financial institutions/private lenders who generally are willing to take...

International students are eligible for Property Tax Rebates provided they meet the below conditions as mentioned by you earlier. the home must be purchased only by your daughter (or your daughter and her spouse, if applicable) neither you nor anyone else has any beneficial interest in the...