Mortgages for newcomers to Canada aim to provide assistance in understanding Canadian real estate and its associated costs, such as closing costs and adjustment costs. Instead of paying rent, newcomers are encouraged to build equity by taking advantage of employment and credit sources. These mortgage options cater to newcomers looking for higher loan amounts, starting from over $1 million, with a down payment of at least 20% saved. Furthermore, there is flexibility on down payment requirements, allowing for as little as 5% down. The programs also explain homebuyer incentives and down payment assistance options. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage plan can be designed to suit individual needs. Additionally, innovative tools in Canada offer a streamlined experience for first-time homebuyers.