Mortgages for people new to Canada offer assistance to newcomers to understand the Canadian real estate market, as well as the associated costs such as closing costs and adjustment costs. By opting for a mortgage instead of paying rent, newcomers can build equity and benefit from employment and credit sources. Additionally, there are options available to find the best rates and mortgage options for those seeking higher loan amounts (over $1 million) with a minimum down payment of at least 20%, or even as little as 5% with more flexibility. Homebuyer incentive programs and down payment assistance options will be explained to help newcomers navigate the process. With access to various lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, customized mortgage products can be designed to meet individual needs and secure the best rate, even if the applicant does not qualify at their bank due to limited credit or employment history. Access to innovative tools in Canada further enhances the efficiency of the first-time home buying experience.