Assisting newcomers to Canada in understanding the real estate market and associated costs, including closing and adjustment costs, the Mortgages for People New to Canada program helps individuals build equity rather than pay rent by providing information on employment and credit sources. Offering the best rates and mortgage options for those seeking loans over $1 million with a minimum down payment of 20%, the program also provides flexibility with down payments as low as 5%. Homebuyer incentive programs and down payment assistance options are explained, with access to a variety of lenders to customize mortgage products that suit individual needs and secure the best rates, even for those with limited credit and employment history. Innovative tools are available to streamline the first-time home buying process in Canada.