To build it fast: a credit card (secured if necessary) used and paid every month, under 30% of the limit; a phone plan in your name; no account in arrears. For CMHC's Newcomers product, at least one borrower (or guarantor) must have a minimum credit score of 600; above that minimum each lender sets its own criteria, which is why comparing matters.
Several lenders have newcomer programs that accept a short history or bank references from the home country if you arrived less than five years ago with permanent residence or a valid work permit. Conditions vary by lender, which is why comparing matters.
Source: FCAC, “Credit report and score basics”: the bureaus only collect credit activity in Canada (page dated 2026-07-01) · verified on 2026-10-29
Source: CMHC, “CMHC Newcomers” product page: international report, reference letter or alternative methods when Canadian history is limited · verified on 2026-10-29
Source: CMHC, “CMHC Newcomers” fact sheet (PDF, ©2025): rent plus one additional financial obligation for the preceding 12 months · verified on 2026-10-29