Newcomers to Canada can benefit from specialized mortgages that help them navigate the real estate market and associated costs, such as closing and adjustment costs. By building equity instead of renting, newcomers can take advantage of employment and credit sources to secure higher loan amounts (over $1 million) with as little as 5% down payment. Homebuyer incentive programs and down payment assistance options are explained to help newcomers make informed decisions. With access to Canada's top lenders, including banks, mortgage finance companies, credit unions, and alternative financers, customized mortgage products can be designed to fit individual needs and lock in the best rates. Innovative tools are available to streamline the first-time home buying experience for newcomers in Canada.