For those new to Canada, mortgages can be difficult to navigate. However, there are options available to assist newcomers in understanding Canadian real estate and associated costs. Through building equity instead of paying rent, individuals can benefit from employment and credit sources. Finding the best rates and mortgage options is possible for those looking for higher loan amounts with at least a 20% down payment saved, or with as little as 5% down payment with more flexibility. Homebuyer incentive programs and down payment assistance options are also explained. Custom-tailored mortgage products are available through access to all of Canada's top lenders, including those that may be more suitable for those with limited credit and employment history. Innovative tools are at the disposal of newcomers to ensure an efficient first-time home buying experience.