Mortgages for newcomers to Canada are designed to help them understand the Canadian real estate market and associated costs such as closing and adjustment costs. These mortgages allow newcomers to build equity instead of paying rent, benefiting from their employment and credit sources. They also offer the best rates and mortgage options for individuals seeking higher loan amounts (over $1 million) with a minimum down payment of 20%, as well as more flexibility with down payments as low as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. With access to all of Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative lenders, a custom-tailored product can be designed to meet individual mortgage needs and secure the best rate, even for those with limited credit and employment history. Innovative tools are also available to ensure an efficient first-time home buying experience in Canada.