Mortgages for newcomers to Canada aim to provide assistance in understanding the Canadian real estate market and associated costs, such as closing costs and adjustment costs. Instead of renting, newcomers can build equity by taking advantage of employment and credit sources. The goal is to find the most suitable rates and mortgage options for those seeking higher loan amounts (over $1 million) with a minimum of 20% down payment saved, while also offering flexibility with down payment options starting from as little as 5% down. This includes explaining homebuyer incentive programs and down payment assistance options. By having access to a wide range of lenders, including banks, mortgage finance companies, credit unions, and alternative financers, a tailored mortgage solution can be designed to fit individual needs and secure the best rate, even for those who may not qualify at their bank due to limited credit and employment history. Finally, innovative tools are available in Canada to ensure an efficient and seamless first-time home buying experience.