Mortgages for newcomers to Canada are designed to help them understand the Canadian real estate market and associated costs, such as closing costs and adjustment costs. By opting for a mortgage, newcomers can build equity instead of paying rent, benefiting from employment and credit sources. These mortgages also offer the best rates and options for those seeking higher loan amounts (over $1 million) with a down payment of at least 20% saved. However, there is also flexibility on the down payment requirement, allowing for as little as 5% down. Additionally, homebuyer incentive programs and down payment assistance options will be explained. Access to Canada's top lenders, including large banks, mortgage finance companies, credit unions, and alternative financers, ensures the availability of custom-tailored mortgage products that cater to individual needs and secure the best interest rates. Lastly, innovative tools in Canada are provided for an efficient first-time home buying experience.