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Arranging financing for non-Canadian residents requires a bit of finesse. It can be complicated and confusing if you lack the understanding of the Canadian lending industry. Christian, Paul, and Fran have an abundance of financing contacts to ensure you access the best terms and rates possible. We can help you navigate the home loan market.

You will need to arrange with a local Canadian bank to hold sufficient funds in a cash form to enable you to place a “deposit” on a property. When Christian, Paul, and Fran have found the ideal property for you and you are ready to sign an Agreement of Purchase & Sale contract, you will need to provide the Listing Brokerage with a “deposit”. The deposit is earnest money placed in a trust account, or escrow, as evidence of good faith. This deposit needs to be delivered to the Listing Brokerage in bank draft or certified cheque form. It is then credited towards the purchase price on closing of the transaction. In Toronto, the rule of thumb is at least 5% of the purchase price. We recommend you wire transfer funds from your local bank to your Canadian bank to easily and quickly facilitate access in a liquid account to the deposit funds.