Mortgages for newcomers to Canada aim to assist them in understanding the real estate market and associated costs, such as closing and adjustment costs. Instead of renting, these newcomers are encouraged to build equity and benefit from employment and credit opportunities. The goal is to find the best rates and mortgage options for those seeking higher loan amounts (over $1 million), with a minimum down payment of 20%, although there is flexibility to put down as little as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, allows for a custom-tailored mortgage product that fits individual needs and locks in at the best rate, even for applicants with limited credit and employment history. Finally, innovative tools are available to ensure an efficient first-time home buying experience.