Guidance-oriented planning notes for Canadians moving to the U.S. (not legal, tax, or insurance advice).
Renting vs buying as a newcomer
A practical decision guide when you don’t have local history yet.
Why many newcomers rent first
- Gives you time to learn neighborhoods and commutes.
- Reduces pressure while you build U.S. credit.
- Lets you adjust if the job role/location changes.
Guidance
If you’re new to a metro area, “rent for 6–12 months” is often a smart default unless you’re extremely certain.
Real questions about renting vs buying
- “Should I rent first?” Many newcomers do — it reduces risk while you learn neighborhoods, commutes, and costs.
- “Can I get a mortgage without U.S. credit?” Sometimes, but it’s more specialized. Expect extra documentation and stricter underwriting.
- “What do landlords require?” Often credit checks and proof of income. If you’re new, plan for alternatives (higher deposit, guarantor, newcomer-friendly rentals).
- “What’s the biggest mistake?” Buying too early in the wrong area because you’re rushing to “settle”.
When buying can make sense sooner
- You have stable status and stable work location.
- You know the area well (family/community, repeat visits).
- You have a strong down payment and cash reserves.
- You can qualify for financing with your profile.
Financing realities for newcomers
- Lenders may want U.S. credit history, verifiable income, and stable residency documentation.
- Down payment requirements can be higher depending on profile.
- Pre-approval early helps you see what’s realistic.
Simple decision checklist
- Can I stay in this city 2+ years?
- Do I understand property taxes and insurance costs here?
- Do I have an emergency fund after closing?
- Do I have time to handle maintenance + repairs?
What to do next
- Run a rent vs buy comparison using real listings.
- If buying is possible, talk to 1 lender + 1 realtor for a reality check.
- Use your first lease to learn the city and sharpen your plan.
