Mortgages for newcomers to Canada are designed to help them understand the Canadian real estate market and associated costs. This includes educating them on closing costs and adjustment costs. By opting for a mortgage instead of renting, newcomers can begin to build equity and benefit from employment and credit sources. For those looking for higher loan amounts, with at least a 20% down payment saved, there are options available with more flexibility on the down payment, requiring as little as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access to a wide range of lenders, including large banks, mortgage finance companies, credit unions, and alternative financiers, ensures that a custom-tailored mortgage product can be designed to fit individual needs and secure the best rate, even if there are limitations such as limited credit and employment history. With access to innovative tools in Canada, newcomers can have an efficient and successful first-time home buying experience.