Mexico City (CDMX) Mortgages for Canadians & Americans

Buying property in Mexico City (CDMX), Mexico

Mexico City (CDMX) (Polanco, Condesa, Roma, Coyoacán) is one of the most sought-after destinations in Mexico for Canadian and American property buyers. Latin America's largest economy by metro GDP, direct fee-simple ownership for foreigners, fastest-growing luxury rental market in the Americas (Roma/Condesa rents +40% since 2020 per SocietyHome data).

Population: 9.21 million (CDMX) · 22.5 million (Greater Mexico City metro) (INEGI 2020 census + 2024 CONAPO projection). Economy: Largest metro economy in Latin America (~USD $530B GDP per OECD 2024 estimates). Mexico's financial capital (BMV stock exchange, Banxico HQ, all major Mexican bank HQs), media capital (Televisa), and the fastest-growing tech/VC cluster in Spanish-speaking Latin America (Kavak, Bitso, Clip — all CDMX-based unicorns). Buyer profile: Three distinct buyer groups: (1) North American remote workers and digital nomads renting/buying in Condesa, Roma, Juárez (USD $300k–$700k 1–2BR apartments); (2) American/Canadian lifestyle investors buying for the long-let yield (Polanco, Anzures, Cuauhtémoc); (3) HNW buyers in Polanco, Lomas de Chapultepec and Pedregal (USD $1M–$5M+).

Connectivity from North America: Mexico City International (MEX) — Latin America's busiest airport by passenger volume (~46M in 2024). Daily Air Canada (YYZ, YUL, YVR), WestJet, Aeroméxico, United, American, Delta, JetBlue service from every major North American hub. Felipe Ángeles (AIFA, north of city) handles overflow and select Volaris/Viva routes. 12 metro lines (cheapest fare in North America), Metrobús BRT, Mexibús, EcoBici (largest bike-share in Latin America), and the new Trolebús elevated line. Uber and Cabify ubiquitous and cheap. Suburbano commuter rail connects to AIFA. CDMX is one of the most transit-accessible cities in the Americas — most expats live without a car.

2024–2025 market read: Roma + Condesa rents +40% USD-equivalent since 2020 per SocietyHome / InmuebleMX data — driven by the post-pandemic remote-worker wave that put CDMX on every digital-nomad top-10 list. Polanco prime +8% YoY in 2024. 2025 H1 has cooled to +3–5% as the nomad wave stabilises and new supply delivers in Doctores and Roma Sur. Realistic rental yields: 5–7% gross on long-let in Condesa and Roma (12-month leases to North American remote workers, USD $1,500–$3,500/month for 1–2BR); 6–9% gross on professionally managed short-let in Roma/Condesa (subject to alcaldía Cuauhtémoc rules); 3.5–5% gross long-let in Polanco trophy market.. Typical stock mix: Roma & Condesa — restored 1920s–1940s art-deco and Porfiriato apartments, mid-rise (4–6 floors typical); Polanco — modernist mid-century apartments, newer luxury towers along Masaryk; Coyoacán — historic colonial houses around the central plaza; Cuauhtémoc/Juárez — restored historic apartments closest to Reforma corridor; Lomas/Pedregal — large 1940s–60s houses on substantial lots. Tax note: CDMX sits well outside the federal Restricted Zone — foreigners own in direct fee simple (no fideicomiso). CDMX has its own ISAI (Impuesto Sobre Adquisición de Inmuebles) on a progressive scale up to ~5.5% on the highest-value transactions. Predial is moderate (~0.1% of cadastral). Alcaldía Cuauhtémoc has actively regulated short-term rentals since 2023 with municipal registration and a new municipal cap on Airbnb licences in Roma/Condesa hot zones.

Why Mexico City (CDMX) stands apart inside Mexico: Mexico City is the only Mexican market that combines (i) direct fee-simple ownership for foreigners (no fideicomiso), (ii) Latin America's deepest USD/MXN mortgage product range, (iii) walkable, transit-served urbanism in Condesa/Roma/Polanco, and (iv) genuine corporate tenant demand (multinationals headquartered in Polanco) — making it the highest-quality urban yield play in Latin America for North American buyers.

Global Property Mortgages — a brand of Citadel Mortgages, powered by our partner Upscore — arranges non-resident financing for buyers targeting Mexico City (CDMX). We place each application with the Mexico lender most likely to approve your profile, then coordinate the legal, tax-ID and valuation steps end-to-end in Mexico.

Demand for Mexico City (CDMX) sits inside a wider Mexico property and tourism story: Mexico set a tourism record in 2025 with 47.8 million international tourists and USD $35.0B in receipts per INEGI and Banxico — making it one of the world's most-visited countries and the #1 international destination for both U.S. and Canadian travellers. That backdrop supports both long-term capital growth and short-term rental yields in Mexico City (CDMX) — two of the main reasons North American buyers continue to pick this market in 2026.

Indicative pricing in Mexico City (CDMX): USD $2,500–$5,800/m² (Polanco/Condesa prime)

Global Property Mortgages is a brand of Citadel Mortgages, a fully licensed Canadian mortgage brokerage. Mexico applications are powered by Citadel Mortgages in Canada and Simply Approved Mortgages in the US based on the Canadian or US lender — the cross-border mortgage platform built for international buyers.