Can I get a mortgage during a consumer proposal?

Often, yes, especially once you've made a year or more of on-time proposal payments. It's usually with an alternative lender, and sometimes the mortgage can pay the proposal out in full.

How soon after bankruptcy can I buy?

Some alternative lenders will consider you soon after discharge if you've started rebuilding. A regular insured mortgage usually takes longer. We'll tell you where you stand today and what would change it.

Will checking my options hurt my score?

Talking to us doesn't touch your credit. When a lender does pull your report, we'll tell you first, and we don't send your file everywhere at once.

How long until I can move to a regular lender?

It depends on what's on your report and how the rebuild goes. Many people aim for their first renewal. We set that target with you at the start and check in on it.

I'm new to Canada with no credit history. Is that the same as bad credit?

No. As a permanent resident you can use the full range of insured mortgages from 5% down, and lenders can use your rent history, an international credit report or a bank reference letter instead of a Canadian score.

A credit problem is a detour, not a dead end.

Consumer proposal, bankruptcy, missed payments, or no Canadian credit history yet. We find the lender that will say yes now, and map your way back to a regular one.

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Your route backThree stops

TodayA lender that looks past the score
Alternative lenders judge the whole file: income, equity and what happened, not just the number.
NextRebuild while you own
On-time payments and lower balances, on a plan we set with you at the start.
At renewalBack to a regular lender
Once your credit qualifies, we move you to a regular lender, usually at a better rate.

A credit problem changes which lender you start with. It doesn’t have to be permanent.

Situations we can help with

If one of these sounds like you, you’re in the right place.

Consumer proposal or bankruptcy

Still in it, recently finished, or discharged a while ago. The timing changes which lenders will look, not whether any will.

Missed payments or collections

A rough year shows up on your report for a while. What you've done since counts for a lot.

Too much high-interest debt

Balances that drag your score down can sometimes be cleared with the mortgage itself, lifting the score as they go.

New to Canada

No Canadian credit history yet is not bad credit. There's a federal program built for exactly this.

How long it stays on your report

Pick what happened to see how long it lasts, and what it means for a mortgage.

Consumer proposal stays on your report3 years after it's paid off

Or 6 years after you signed it, whichever comes first. Paying it off early brings the date forward.

Year 1Year 14

Source: Financial Consumer Agency of Canada. Times apply to Equifax and TransUnion.

Three kinds of lender, three different rules

A bank’s no is one lender’s answer. We know which door fits your file today.

Best ratesRegular lenders

Banks, credit unions and monoline lenders. An insured mortgage needs at least one borrower with a credit score of 600 or more, and many lenders ask for higher.

Look at the whole storyAlternative lenders

They weigh income, equity and what happened, not just the score. Expect a higher rate, a shorter term and often a bigger down payment.

Short-term bridgePrivate lenders

For files nobody else will take yet. Higher cost, so we only use them with a clear plan to move you on.

New to Canada

No Canadian credit yet is not bad credit.

A federal program lets newcomers buy with an insured mortgage, using proof of how you’ve paid your bills instead of a Canadian credit score.

Permanent residents can use the full range of insured mortgages
No minimum time living in Canada
Down payments from 5%
Rent history or regular bills can stand in for a credit score
An international credit report or a letter from your bank back home also counts

How we get you back to a regular lender

A plan from the first call, not just a mortgage.

01Tell us what happened
No judgement and no credit check to start. The more we know, the better the match.
02We find the lender that fits now
We review the options and recommend the lender most likely to say yes today, then submit your file there.
03We set your rebuild plan
What to pay down, what to leave alone, and what your report needs to show by renewal.
04We move you at renewal
When your credit qualifies, we review the options and move you back to a regular lender at a better rate.