For newcomers in Canada, there are mortgages available to help understand the real estate market and associated costs such as closing costs and adjustment costs. By choosing a mortgage, individuals can build equity rather than paying rent, while also benefiting from employment and credit sources. There are options for newcomers looking for higher loan amounts, with at least a 20% down payment saved, and the possibility of more flexibility with a down payment as low as 5%. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access is available to all of Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financiers, allowing for customized mortgage products with the best rates, even if there are limitations such as limited credit or employment history. Finally, innovative tools are available in Canada to ensure an efficient first-time home buying experience.