Newcomers to Canada can benefit from mortgages tailored to their unique needs, helping them navigate the Canadian real estate market and understand costs associated with buying a home. By building equity instead of paying rent, newcomers can leverage their employment and credit sources to secure the best rates and mortgage options, even for loan amounts exceeding $1 million with a down payment as low as 5%. Homebuyer incentive programs and down payment assistance options are also available to assist in the purchasing process. With access to a wide range of lenders, including big banks, mortgage finance companies, credit unions, and alternative financers, custom-tailored mortgage products can be designed to suit individual needs and lock in the best possible rate, regardless of limited credit or employment history. Additionally, innovative tools are available to streamline the first-time home buying experience in Canada.