Credit in Canada?

Question

hey there i am currently looking at moving to Toronto Canada, I am from a business and IT background.

I am wondering how the credit system works in Canada, As i am moving from Australia, with a well established credit rating.

Can anyone please explain it to me, how if i can get a good credit rating quickly as i will be looking at purchasing a house, with a large deposit.

Thanks in advance.

Answer 1

Don't know for sure, but if you have a large down payment, it shouldn't be too hard to get a mortgage. If you have a job and can verify wages and employment, everything else should fall into place. I know the credit card system works the same as here, but you should check with your bank, when you transfer funds. A good banker will advise you. Best wishes, mate