For those who are new to Canada, understanding the country's real estate market and associated costs can be a daunting task. However, with assistance from mortgage providers, newcomers can build equity rather than pay rent, and benefit from job opportunities and credit sources. These providers can help newcomers find the best rates and mortgage options for higher loan amounts, provided they have saved at least 20% for a down payment. At the same time, providers can explain homebuyer incentives and down payment assistance options, and offer tailored products from a range of lenders, including banks and credit unions. With access to innovative tools, newcomers can enjoy an efficient first-time home buying experience.