Mortgages for People New to Canada aim to assist newcomers in understanding Canadian real estate and associated costs, such as closing costs and adjustment costs. This program also encourages building equity rather than paying rent, taking advantage of employment and credit sources. It offers access to the best rates and mortgage options for newcomers seeking higher loan amounts (over $1 million) with a minimum of 20% down payment saved, and more flexibility on down payment, with as little as 5% down. Additionally, the program provides information on homebuyer incentive programs and down payment assistance options. With access to all of Canada's top lenders, including big banks, mortgage finance companies, credit unions, and alternative financers, a custom-tailored mortgage product can be designed to meet individual needs and secure the best rate, even for those who may not qualify at their bank due to limited credit and employment history. Access to innovative tools in Canada is also provided to ensure an efficient first-time home buying experience.